Finance Manager (Microfinance)
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Job Location:
Monthly Salary:
Experience Required:
Posted on:
5 hours ago
Vacancies:
1 Vacancy
Job Summary
Role Overview
The Finance Manager will be responsible for overseeing the organizations financial management function ensuring accurate financial reporting strong financial controls regulatory compliance and effective utilization of financial resources. The role plays a key part in strategic financial planning loan portfolio analysis risk management and leading the finance team to support sustainable growth and business objectives within a microfinance environment.
Key Responsibilities
Financial Management & Analysis
Oversee daily financial operations including disbursements repayments collections invoicing and other financial transactions.
Monitor the organizations financial performance and investments identifying opportunities for revenue growth and cost efficiency.
Analyze loan portfolio performance and quality identify trends risks and areas for improvement and provide actionable recommendations to management.
Support strategic planning through robust financial analysis and forecasting.
Financial Reporting & Budgeting
Prepare and review accurate daily weekly and monthly financial reports covering cash position loan portfolio performance and operating expenses.
Ensure financial reports are aligned with approved budgets financial plans and strategic objectives.
Present management reports highlighting performance variances key risks challenges and recommended corrective actions.
Support the preparation of reports for senior management and the Executive Committee.
Finance Operations & Compliance
Ensure strong internal financial controls are implemented and consistently adhered to.
Monitor compliance with internal policies regulatory requirements and industry standards relevant to credit and lending operations.
Oversee coordination with internal stakeholders to ensure loan security documentation is properly executed perfected and securely maintained.
Identify financial and operational risks and implement effective controls to minimize exposure.
Risk Management
Regularly assess financial and credit-related risks including loan portfolio risk liquidity risk and interest rate exposure.
Develop and implement mitigation strategies to safeguard the organizations financial stability.
Monitor the effectiveness of risk controls and recommend improvements where necessary.
Leadership & Stakeholder Engagement
Lead mentor and manage the finance team to drive high performance accountability and continuous improvement.
Conduct regular performance reviews and support staff development and capacity building.
Collaborate with other departments to support financial strategy execution and operational efficiency.
Build and maintain strong relationships with internal and external stakeholders to enhance transparency accountability and credibility.
Requirements
Qualifications & Experience
Education & Professional Qualifications
Bachelors degree in Finance Accounting Economics Business Administration or a related field.
Professional qualification such as CPA (K) ACCA or equivalent is required.
A Masters degree in Finance or Business Administration is an added advantage.
Experience
At least 58 years relevant experience in finance or accounting with a minimum of 3 years in a managerial role.
Experience within microfinance banking SACCOs or other lending institutions is preferred.
Proven experience in financial reporting budgeting loan portfolio analysis and regulatory compliance.
Skills & Competencies
Strong understanding of microfinance operations and credit processes.
Excellent analytical and problem-solving skills with strong attention to detail.
Proven leadership and people management capability.
Strong communication skills with the ability to present financial information to senior stakeholders.
High level of integrity professionalism and accountability.
Required Skills:
Bachelors degree in finance masters CPAK ACCA
Required Education:
Qualifications & ExperienceEducation & Professional QualificationsBachelors degree in Finance Accounting Economics Business Administration or a related qualification such as CPA (K) ACCA or equivalent is required.A Masters degree in Finance or Business Administration is an added least 58 years relevant experience in finance or accounting with a minimum of 3 years in a managerial within microfinance banking
Company Industry
Internet Service Providers / Retail Appliances / Electrical and Electronic Equipment
Key Skills
- Cognos
- Forecasting
- Hyperion
- Dealership Experience
- QuickBooks
- Accounting
- Corporate Finance
- Financial Analysis
- Financial Modeling
- Budgeting
- Financial Management
- Financial Planning
