Senior FOSA Accountant at Sheria DT Sacco

Job Description

Sheria DT Sacco wishes to recruit a skilled and detail oriented Senior FOSA Accountant. Reporting to the FOSA Manager, the Senior FOSA Accountant will provide technical accounting support, strengthen controls, maintain accurate financial records, prepare reconciliations and guide junior accounting staff to enhance financial accuracy and operational efficiency

Employment Terms

• Term of Service: Permanent and Pensionable
• Entry Grade: SG5 of Sheria DT Sacco
• Basic Salary: Ksh. 68,788.59 to 109,637.13
• House Allowance: Ksh. 21,500
• Commuter Allowance: Ksh. 10,000
• Extraneous Allowance: 15% of Basic Salary
• Annual Leave: 30 working days
• All Other Leaves: As per the current HR Policy
• Location: Upper Hill, Nairobi

Other Benefits

• Medical cover for all staff
• Group Life Assurance Cover for staff
• WIBA Cover for staff
• Annual staff training based on Training Needs Assessments (TNAs)

Key Responsibilities

• Prepare and analyse monthly, quarterly and annual financial statements, including balance sheets, income statements and cash flow statements, to the required level of accuracy and standard.
• Manage general ledger functions, post and review journal entries, and promptly investigate and resolve account discrepancies.
• Prepare cash balancing, vault and teller reconciliations, cash difference reports, transaction reversals and exception monitoring within the approved segregation of duties framework.
• Coordinate with internal and external auditors, prepare comprehensive audit files and support tax compliance processes.
• Assist the FOSA Manager in financial forecasting, budget variance analysis and departmental budget monitoring.
• Supervise, train and appraise junior accountants and clerical staff, ensuring quality output and continuous professional development.
• Evaluate and improve accounting procedures to strengthen internal controls and enhance operational efficiency within the FOSA department.
• Ensure strict adherence to applicable IFRS, SASRA requirements and the Society’s accounting policies.
• Prepare periodic management reports and reconciliation schedules for review by the FOSA Manager and senior management.

Qualifications, Experience and Competencies

• Bachelor’s degree in a business related field with a specialisation in Accounting or Finance from a recognised university.
• Holder of CPA K.
• At least three (3) years of progressive accounting experience in a similar role, preferably within a SACCO, microfinance institution or regulated financial environment.
• Proficiency in Microsoft Excel and working knowledge of ERP or accounting software such as SAP, Oracle, QuickBooks or equivalent SACCO banking systems.
• Knowledge of GAAP and financial statement preparation, including month end and year end closing processes.
• Strong analytical thinking and numerical accuracy, with a keen eye for detail.
• Effective supervisory and mentoring skills, excellent written and verbal communication skills, and a high level of professional integrity and reliability.