Deputy General Manager (Head of Finance)

Job Description

Vertex SACCO Ltd. invites qualified and competent candidates to apply for the position of Deputy Manager / Head of Finance. The successful candidate will support the General Manager in the overall management and administration of the SACCO and will lead the financial management and accounting functions, including budgeting, reporting, cash management, financial controls, and compliance.

Job Requirement

Education

• Bachelor's degree in Accounting, Finance, Economics, Business Management, Cooperative Management, or a related field of study with relevant work experience.

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• Master’s degree is an advantage.

Experience

•  Minimum of 10 years of relevant work experience at least 6 years in a leadership or managerial position, preferably in accounting, finance, SACCOs, cooperatives, microfinance institutions, banks..

•  Experience working with SACCO/cooperative financial operations is an advantage.

• Female candidates are highly encouraged to apply.

Salary: based on company scale

Duties and Responsibilities

A. Deputy Manager Responsibilities

•  Assist the General Manager in the day-to-day management of the SACCO.

•  Support implementation of the SACCO's strategic and annual plans.

• Coordinate and follow up the activities of different departments and units.

•  Support effective implementation of policies, procedures, and internal controls.

• Act on behalf of the General Manager when formally delegated.

•   Prepare management reports and recommendations on operational matters.

• Monitor departmental performance and follow up agreed actions.

•  Support member service improvement and handling of members' concerns.

•  Participate in management meetings and provide financial and operational information.

•  Perform other duties assigned by the General Manager.

B. Head of Finance Responsibilities

• Lead and supervise the finance and accounting functions of the SACCO.

• Prepare annual budgets, cash-flow plans, and financial forecasts.

• Maintain accurate and complete accounting records.

• Prepare monthly, quarterly, and annual financial reports.

• Monitor income, expenditure, cash balances, receivables, payables, and other financial transactions.

• Ensure proper recording and reconciliation of bank accounts, cash, and other financial balances.

• Coordinate with relevant units to ensure accurate accounting of loan-related transactions.

• Establish and maintain effective financial control systems.

•  Monitor budget performance and report significant variances to management.

•  Support internal and external audits and follow up audit recommendations.

•  Ensure proper custody and documentation of financial records.

• Provide financial analysis and advice to management and the Board when required.

•   Ensure compliance with applicable financial, tax, accounting, and SACCO requirements.

• Safeguard the financial resources and assets of the SACCO.

• Perform other finance-related duties assigned by management.

Required Skills and Competencies

• Strong knowledge of accounting and financial management.

•  Good understanding of SACCO/cooperative operations.

• Strong analytical and problem-solving skills.

• Good leadership and team-management skills.

•  Excellent communication and interpersonal skills.

• Ability to prepare and interpret financial reports.

•  Good knowledge of budgeting and financial planning.

• High level of integrity, confidentiality, and accountability.

• Good computer skills, particularly MS Excel and accounting software.

• Ability to work under pressure and meet deadlines.

•   Strong organizational and coordination skills.

How to apply

Submit your CV along with supporting documents via email: vertexsacco@gmail.com