Finance Manager - Financial Cooperative

About the role

A leading, fast-growing financial cooperative is hiring a Finance Manager through its recruiter, Stratostaff East Africa. The role covers sound financial stewardship, compliance with statutory and regulatory frameworks, and strategic financial leadership of the Sacco, including oversight of financial reporting, planning, performance management, internal controls, audits and treasury.

Key responsibilities

• Develop and implement financial strategies aligned with the SACCO's goals, lead forecasting and planning, and advise the CEO and Board on financial implications of strategic decisions.
• Prepare and manage annual budgets, monitor performance against them, control expenditures and identify and mitigate financial risks.
• Oversee monthly, quarterly and annual financial reports, ensure compliance with SACCO regulations, tax laws and IFRS/IAS, and coordinate internal and external audits.
• Manage cash flow, banking relationships and the investment portfolio to balance liquidity and returns while safeguarding funds.
• Lead and develop the finance team, fostering accountability, integrity and continuous improvement.
• Liaise with regulators such as SASRA and the Central Bank, and present financial updates to the Board and stakeholders.

Required profile

• Bachelor's degree in commerce, business administration, finance or a related field; CPA (K) certification is mandatory.
• Minimum of 10 years of progressive financial management experience, including at least 5 years in a senior leadership role.
• Experience in a microfinance institution, bank or other regulated financial institution is highly desirable.
• Postgraduate degree (e.g. MBA or MSc in Finance) is an added advantage.

Required skills

• Proven expertise in implementing and optimizing ERP systems, with strong knowledge of financial modules and cross-functional integration.
• In-depth knowledge of IFRS, SASRA guidelines and CBK reporting requirements.
• Expertise in financial planning, budgeting, risk management and regulatory compliance.
• Strong analytical skills and familiarity with digital financial solutions and fintech trends.