Finance Manager
Finance Manager
Posted on :
10-05-2025
Employer Active
1 Vacancy
Job Alert
You will be updated with latest job alerts via emailValid email field required
Send jobs
Share
Send me jobs like this
Job Alert
You will be updated with latest job alerts via emailValid email field required
Send jobs
Job Description
Role Overview:
The Finance Manager is responsible for overseeing the financial health of the Sacco through effective planning budgeting reporting and financial control. This role ensures compliance supports strategic decisionmaking and promotes sustainability and growth through prudent financial management. The ideal candidate will be analytical detailoriented and proactive in improving financial systems and processes.
Key Responsibilities:
1. Financial Planning & Budgeting
- Develop annual budgets in collaboration with department heads and ensure alignment with strategic goals.
- Monitor budget execution and provide regular variance analysis.
- Lead midyear reviews and reforecasting activities to ensure financial alignment.
2. Financial Reporting & Analysis
- Prepare timely and accurate financial statements in compliance with regulatory and accounting standards.
- Present monthly quarterly and annual financial reports to management and the board.
- Conduct financial analysis to support decisionmaking risk management and strategic planning.
3. Cash Flow & Liquidity Management
- Monitor daily cash flow and ensure adequate liquidity for operations and lending activities.
- Develop and implement strategies for optimal fund utilization.
- Maintain relationships with financial institutions for credit facilities and investment opportunities.
4. Cost Control & Expense Management
- Implement costsaving initiatives without compromising operational effectiveness.
- Review procurement supplier contracts and operational costs to identify efficiencies.
- Track operational expenditures and ensure they remain within budgeted limits.
5. Compliance Audit & Risk Management
- Ensure compliance with SACCO laws tax obligations and regulatory reporting.
- Coordinate both internal and external audits and address audit findings.
- Monitor financial risks and implement controls to safeguard assets and resources.
6. Investment Management
- Evaluate and recommend investment options aligned with the Sacco s growth strategy.
- Monitor performance of investments and ensure adherence to investment policy guidelines.
- Collaborate with the board to make strategic investment decisions.
7. Financial Systems & Process Improvement
- Oversee the implementation and improvement of financial systems and software.
- Develop and enforce internal controls and standard operating procedures (SOPs).
- Automate financial processes to improve accuracy timeliness and efficiency.
8. Team Leadership & Development
- Lead and mentor the finance team to ensure high performance and continuous development.
- Provide guidance on complex financial matters and professional development opportunities.
- Build a culture of integrity accountability and service excellence within the department.
9. Stakeholder Engagement & Financial Advisory
- Collaborate with senior management to align financial strategies with organizational objectives.
- Advise on costbenefit analyses financial forecasts and funding strategies.
- Represent finance in strategy meetings and crossfunctional projects.
10. Performance Measurement & Reporting
- Track key financial performance indicators (KPIs) to assess organizational health.
- Provide insights on financial trends and benchmarking against industry standards.
- Recommend actions based on performance data and financial forecasts.
Requirements
Qualifications & Skills:
- Bachelor s degree in Finance Accounting Economics or a related field.
- CPA (K) ACCA or equivalent professional qualification.
- Minimum of 8 years of progressive financial management experience with at least 3 years in a leadership role.
- Experience in the Sacco or financial services sector is an added advantage.
- Proficiency in accounting software and financial management systems.
- Strong knowledge of IFRS tax laws and regulatory requirements.
- Exceptional analytical planning and problemsolving skills.
- High integrity attention to detail and confidentiality.
Key Competencies & Skills
- Strategic financial thinking and sound judgment.
- Strong interpersonal and communication skills.
- Leadership and teambuilding abilities.
- Resultsoriented and proactive in decisionmaking.
- Ability to manage multiple priorities and meet deadlines.
- High level of professionalism and ethical standards.
Employment Type
Full Time
Key Skills
Report This Job
Disclaimer: Drjobpro.com is only a platform that connects job seekers and employers. Applicants are advised to conduct their own independent research into the credentials of the prospective employer.We always make certain that our clients do not endorse any request for money payments, thus we advise against sharing any personal or bank-related information with any third party. If you suspect fraud or malpractice, please contact us via contact us page.
