Head of Finance

Sheria DT Sacco is a cooperative society looking to recruit a Head of Finance to lead its financial operations and ensure institutional sustainability.

Sheria DT Sacco is seeking a Head of Finance to provide strategic and operational leadership for its finance department. This role involves overseeing financial management, reporting, budgeting, treasury functions, internal controls, compliance, and financial risk management to support the society's growth and long-term sustainability. The successful candidate will report directly to the Chief Executive Officer.

1. Lead the financial strategy and convert corporate goals into financial policies and operational plans.
2. Manage and mentor the Finance team, fostering accuracy, accountability, and continuous improvement.
3. Ensure all accounting records are accurate, complete, and timely, adhering to legislation, IFRS, SASRA guidelines, and internal policies.
4. Prepare and present financial statements, management accounts, and various reports to the Board and statutory bodies regularly.
5. Supervise treasury operations, including cash flow forecasting, liquidity, investment monitoring, and financial risk management.
6. Develop, monitor, and control the society's revenue, capital, and expenditure budgets according to approved plans.
7. Guarantee compliance with all financial regulations, tax obligations, internal controls, and relevant cooperative society legislation.
8. Act as a liaison with external auditors, KRA, banks, SASRA, and other institutions on financial, tax, audit, and regulatory issues.
9. Manage the Fixed Assets Register, monitor investment portfolio performance, and identify emerging financial risks, advising management proactively.
10. Inform the CEO and Board promptly about significant financial irregularities, control weaknesses, new risks, or non-compliance issues.
11. Manage banking relationships and capital market activities to support the society's funding and growth strategies.
12. Work with the CEO on the formulation, implementation, and performance monitoring of the society's strategic plan.

1. Bachelor’s degree in Commerce, Business Administration, Business Management, or a related field; a Master’s degree or MBA is preferred.
2. Certified Public Accountant of Kenya (CPA K) and a registered member of ICPAK in good standing.
3. Minimum of ten (10) years relevant work experience, with at least five (5) years in senior management or departmental leadership.
4. In-depth knowledge of SASRA regulations, the Co-operative Societies Act, IFRS financial reporting (including IFRS 9 expected credit losses), and IFRS S1 and S2 sustainability reporting readiness.
5. Essential knowledge of liquidity forecasting, investment concentration, asset liability management, and regulatory liquidity compliance.
6. Demonstrated experience in financial reporting, budget management, treasury operations, internal controls, and regulatory compliance.
7. Proficiency in ERP or core banking systems and Microsoft Excel; experience with Navision or similar is a plus.
8. Strong strategic financial thinking, commercial acumen, and sound business judgment.
9. Exceptional analytical and numerical skills with meticulous attention to detail.
10. Robust leadership and people management abilities.
11. Excellent written and verbal communication skills, including the ability to present complex financial information clearly.
12. Unquestionable integrity, professional independence, and the confidence to challenge at all levels.