Job Title: Sacco Manager
Hiring Organization: Corporate
Staffing
Location – Locality:
Location – Region: Kenya
Industry: Financial
Service
Job Type: Full
Time
Salary: KES
Date Posted: 07/18/2024
Gross Salary: Ksh 100K – 120K
Our client is seeking to hire a Sacco Manager. The
ideal candidate will be responsible for ensuring the efficient management of
the Sacco, driving member growth, and ensuring financial stability and
compliance with regulatory requirements.
Duties & Responsibilities
- To be responsible for the implementation of the
SACCO’s strategic business plans.
- To be responsible for the implementation of and
adherence to the policies, procedures, and standards.
- To be responsible for the SACCO’s investments
and management of a balanced investment portfolio.
- To be responsible for the management,
development & maintenance of a high-performance team by providing
transformative leadership & effective supervision, guidance, and
initiating training of staff and members under your jurisdiction.
- To be responsible for the Sacco’s financial
& operational planning, forecasting, and budgeting and be able to
conceptualize and explain variances.
- To be responsible for prudent management of
costs so as to achieve business growth as outlined in the strategic plan.
- To be responsible for supporting the board’s
decisions making preparation, analysis & presentation of
comprehensive, timely, reliable, and compliant financial reports.
- To ensure effective implementation of financial,
operational & accounting policies and procedures.
- To prepare weekly, monthly, and quarterly
reports on the performance of the entire SACCO’s key result areas for the
board and advise accordingly.
- To ensure compliance with all statutory and
regulatory requirements of the SACCO & be able to propose changes to
the board such as SACCO ACT, rules, by-laws, and Cooperative rules.
- To cause to develop and provide high-quality
products and efficient services which are value-adding to members so as to
enhance market share and revenue command of the SACCO.
- To provide support to the board of directors by
organizing all board and sub-committee meetings, annual and special
general meetings, and supervisory meetings as and when required.
- To build and develop a highly motivated team of
employees through embedding performance development and coaching through
identification of staff training needs and enshrine them in the training
and education programs of the society.
- To develop and operate a financial services
network of branches based on assessment from relevant officials — on
quality member service, innovative savings, loan products, and
introduction of new business opportunities.
- To promote the SACCO’s corporate image by
portraying it to society in a professional manner at all times.
- To attend and participate in board meetings,
seminars, and conferences at all levels to keep informed of the
developments affecting the SACCO movement and business environment in
general.
- To support the board of directors in developing
a strategic plan upon which other SACCO plans will be hinged to drive the
vision and mission of the SACCO business into the future.
- To implement, without delay, all recommendations
from the government regulatory bodies, BOD, internal and external audit
reports, and consultants based on agreements arrived at with the Board.
- To cause to ensure the correctness of books of
accounts, receipts, and disbursements are well maintained.
- To ensure safe custody of all funds, documents,
and property belonging to the SACCO and ensure their safekeeping.
- To keep minutes of all general meetings and
meetings of the board of directors.
- To prepare, approve, and authorize all official
correspondence of the SACCO.
- Head of the HR function and overall staff
welfare as well as the implementation of the Staff Performance System
(PMS).
- To perform such other duties as may be directed
by the board of directors.
- Impact of Results
- Effective and efficient overall planning,
administration, coordination, and evaluation of all functions of the
SACCO.
Qualifications:
- Bachelor’s degree in Business Administration,
Finance, Accounting, or a related field.
- Proven 5 years experience in a senior management
role within a financial institution, preferably a Sacco or credit union.
- Experience in the transport sector is preferred.
- Strong understanding of financial management,
risk management, and regulatory compliance.
- Excellent leadership, communication, and
interpersonal skills.
- Ability to develop and implement strategic plans
and drive organizational growth.
- Proficiency in using financial management
software and other relevant IT tools.
NB: Residents of Meru are encouraged to apply.
How to Apply
Gross Salary: Ksh 100K – 120K
If you are up to the challenge and possess the
necessary qualifications and experience; please send your CV only quoting the
job title on the email subject (Sacco Manager) to vacancies@corporatestaffing.co.ke before 25th July 2024
