Internal & External Job Advertisement
Job Title: Finance Officer – Payables & Receivables Reporting to: Senior Finance Officer- Financials
Department: Finance Location: Nairobi
Grade: Band 5
Kimisitu Sacco Ltd Overview
Kimisitu Sacco Ltd ‘the SACCO’ is one of the fastest growing National Tier-1 Deposit Taking SACCOs in the region. The SACCO was registered in 1985 and is regulated by SASRA (SACCO Societies Regulatory Authority of Kenya).
Kimisitu SACCO has an open membership majorly drawn from employees of Non-Governmental Organizations (NGO), Embassies, International Missions, Government Agencies, Corporates, businesses, Chamas, and investment groups in Kenya and Diaspora. Our mission is to empower our members economically by providing quality financial services through prudent mobilization of resources and excellent customer care.
Kimisitu SACCO is seeking to recruit a dynamic, self-driven, and result-oriented individual to join our team in our fast paced, modern work environment, to fill the above position.
Position Summary
You will prepare, provide, and maintain accurate revenue data, while updating and monitoring accounts payable and receivable for timely and efficient collections in line with policies, processes, and procedures to achieve overall objectives.
Main Responsibilities
• Receive and receipt member remittances and bank deposits
• Update bank transfers to members’ accounts and organizations
• Maintain and reconcile member accounts and related General Ledger accounts
• Consolidate and review daily revenue reports for management decision making
• Consolidate payments due to the SACCO through any other means including standing orders, direct payments, direct debits etc. to ensure timely receipt
• Post check-off deductions
• Maintain a list and engage various organizations relationship managers for different organizations to ensure that remittances are timely.
• Prepare and maintain receivable records for reference.
• Management of M-Sacco platform and daily reconciliation of M-Pesa account.
• Maintenance of the cheque deposits register and safe keeping of cheques.
• Prepare variance report monthly of receipts expected vs. actual.
• Prepare report on outstanding organizational remittances.
• Prepare report on undetermined new members and follow up on new member registration.
• Respond to customer inquiries regarding individual and organization remittances.
• Perform any other responsibility assigned from time to time.
Knowledge: Qualifications & Experience
• Bachelor’s degree in accounting or its equivalent
• A minimum of three (3) years of experience working in a similar position
• CPA (II) holder or ACCA, ACA qualifications
• Knowledgeable about Tax regulations
• Proficiency in ERP, IFRS
Personal Attributes required for this role:
• Strong Interpersonal Skills
• A team player
• Ability to work with minimum supervision.
• Excellent written and verbal communication skills
• Attentive to details
• Strong work ethic and great organization and planning skills
• Proactive, Innovative and Dependable
Key Relationships:
Direct Reports to this Role:
• None
Internal Contacts:
• All departments
External Contacts:
• Vendors
• Regulatory authorities- KRA, UFA, NSSF, NHIF
• Banks
• Members
How to Apply
Interested candidates meeting the above requirements should apply online by filling in the data form from the https://forms.office.com/r/SSyD6nABJn. After filling the data form, proceed and Send an Application Letter with a detailed Curriculum Vitae (CV) to [email protected]
The data form must be filled in full. Incomplete forms will be disqualified. To be considered for this role your application must be received by C.O.B on Friday, 16th June 2023. Clearly state the subject of the email as Finance Officer – Payables & Receivables. Only shortlisted candidates will be contacted.
Kimisitu SACCO never asks for money in return for advancement in any recruitment process. If you are ever asked for a fee, please report to Kimisitu SACCO on 0709 136000 or [email protected].
