Sacco Head Of Finance At Co-operative Bank Of Kenya

Sacco Head Of Finance And Operations At Co-operative Bank Of Kenya

Job Purpose The Head of Finance and Operations is a senior, strategic, and hands-on leadership role responsible for providing comprehensive financial and operational leadership across the cooperative Union and its subsidiary business units namely, the Coffee Farm, Coffee Milling, Real Estate Management, Credit Section, Agrovet Business, Coffee Value Addition and Processed Coffee Marketing. Duties & Responsibilities Develop and implement the cooperative's financial strategy, ensuring alignment with its strategic goals; provide strategic financial advice to the CEO and the Board. Lead the annual budgeting and planning process; review all financial plans and budgets, monitor progress, and report on financial performance to senior management in a timely manner. Ensure the timely and accurate preparation and presentation of monthly, quarterly, and annual financial statements, management accounts, and Board reports in compliance with IFRS standards. Manage the cooperative's cash flow, treasury forecasting, and liquidity to ensure adequate funding and optimize the use of financial resources. Ensure full compliance with all applicable laws and regulations, including the Co-operative Societies Act, KRA tax requirements and regulations. Establish and maintain robust internal control and risk management systems to safeguard assets. Coordinate the annual audit process and liaise with external auditors. Identify, assess, and mitigate financial and operational risks. Oversee the day-to-day operations of all the cooperative business units, ensuring efficient and smooth operational processes. Develop, implement, and monitor Standard Operating Procedures (SOPs) and operational policies to ensure standardized practices across all departments. Optimize the allocation of resources to enhance operational efficiency and scalability. Supervise administrative functions and facility management to ensure adequate logistical support. Lead, mentor, and develop the finance and operations teams, fostering a high-performance culture. Drive professional development, performance appraisals, and training for staff. Establish performance targets, monitor team performance, and ensure accountability. Ensure the Board receives sufficient and timely information to make informed decisions. Manage relationships with banks, KRA, auditors, and other external partners. Ensure financial transparency and effective communication with cooperative members. Qualifications Bachelor's degree in Accounting, Finance, Business Administration, Economics, Agribusiness or a Business related degree or its equivalent from a recognised university. A Master's degree (MBA or equivalent) is an added advantage. Certified Public Accountant of Kenya CPA(K) or its equivalent. 7 years practical experience in agribusiness or multi-entity business environment of which 3 years must be in a Senior Management position. Age: 35 years and above.