Career Opportunities at Co-operative Bank of Kenya

Finance jobs, Accounting jobs, Auditing jobs, Banking jobs,Managerial jobs, Credit Management jobs,

Micro Finance Manager

Tasks and Responsibilities

  • Develop strategy & road map for improving the financial performance of the Microfinance  department 
  • Manage the Micro-finance department Portfolio (Deposit & Credit) 
  • Conduct Research and Development 
  • Drive the department team to ensure that customers’ needs are met 
  • Build long-lasting relationships with the group members 
  • Create a culture of high performance among staff within the department
  • Ensure that the department’s procedures are followed to mitigate risks.
  • Coordinate Credit Appraisal & Deposit Mobilization at a department level
  • Coordinate business development initiatives at the department level 

Minimum Qualifications and Skills  

  • A Bachelor’s Degree in Accounting/Finance or a Business-Related Degree from a recognized  university
  • CPA K or Credit Management Certification
  • Membership in a professional body is desirable
  • A minimum of 5 years experience in micro-credit in a busy financial institution (three years  must be at supervisory or management level)
  • Sound knowledge of Sacco laws and regulations
  • A person of integrity, a team player with effective communication skills
  • Sound judgment and decision-making ability on lending across all sectors
  • Excellent analytical, interpersonal, and team management skills
  • Working knowledge in Product Development and Market Research

Micro Finance Officer

Tasks and Responsibilities

  • Market Micro-credit products and services to the target clients and maintain the  image of Micro-Credit activities under the guidance of the Micro Finance Manager
  •  Deposit Mobilization 
  • Maintain good relationship with groups and frequent visit 
  • Disbursement and processing of loans 
  • Maintain quality portfolio by closely monitoring repayment of loans from  customers and ensuring prompt follow-ups 
  • Recruiting clients, groups and business appraisal 
  • To identify and locate prospective micro-credit clients 
  • To plan periodic visits to identifiable clients  
  • Prepare Micro-Credit loan applications for approval
  • Prepare weekly and monthly returns/reports to the Micro Finance Manager

Minimum Qualifications and Skills  

  • A Bachelor’s Degree in Accounting/Finance or a Business-Related Degree from a  recognized university.
  • CPA II or Credit Management Certification.
  • A minimum of 3 years experience in micro-credit in a busy financial institution.
  •  Sound knowledge of Sacco laws and regulations.
  • A person of integrity, and a team player with effective communication skills.
  • Sound judgment and decision-making ability on lending across all sectors. 
  • Excellent analytical, interpersonal, and team management skills.

Credit Officer

Tasks and Responsibilities  

  • Ensure strict adherence to loan policies/guidelines for the issuance of quality loans
  • Ensure member’s eligibility for loaning including the ability to repay and securities
  • Ensure members are advised appropriately based on their loan appraisal status/position
  • Ensure that all loans issued are effectively guaranteed 
  • Ensure timely loan appraisals within set time limits and communicate feedback to members within acceptable timelines 
  • Ensure a timely and effective loan approval process within set limits, by presenting appraised loans for approval and approving the same in the system. 
  • Ensure timely and accurate disbursement of approved loans 
  • Ensure all loan forms processed, rejected, and deferred are kept safely and in member files 
  • Monitor all collaterals used for loans and ensure they are adequate and well updated
  • Ensure effective communication and advice to members on loan matters/queries
  • Ensure that new & continuing members’ deductions on savings, share capital and any other statutory deductions are accurate and timely 
  • Ensure all employer remittances/payments to the Sacco in lieu of Sacco loan payments are received and forwarded to Finance for settlement 
  • Ensure that all default notices and guarantor notices are issued in a timely manner
  • Ensure guarantor/collaterals substitutions are done accurately and in a timely manner

Minimum Qualifications and Skills  

  • A Bachelor’s Degree in Accounting/Finance or a Business-Related Degree from a  recognized university 
  • CPA II or Credit Management Certification 
  • A minimum of 3 years of experience in a busy financial institution 
  • Sound knowledge of Sacco laws and regulations 
  • A person of integrity, and team player with effective communication skills
  • Sound judgment and decision-making ability on lending across all sectors 
  • Excellent analytical, interpersonal, and team management skills

Internal Auditor

Tasks and Responsibilities  

  • Developing internal audit, risk and compliance strategies and manuals detailing the  procedures and best practices 
  • Developing, implementing, and reviewing the internal audit charter 
  • Developing comprehensive audit programs and audit plans to cover all the activities and  programs 
  • Test the institution’s disaster recovery and incidents management programs and advice the  management on areas of improvement 
  • Conducting timely risk-based internal audits and advising the board of directors on all audit  matters 
  • Assessing the reliability and integrity of financial, operating procedures and compliance with  set policies 
  • Economic efficiency and effectiveness in utilization of the Sacco’s resources
  • Providing practical solutions to improve overall efficiencies and enhance internal controls
  • Monitoring the level of compliance with laws, rules, regulations, policies, processes, and  procedures 
  • Conducting investigation on suspected internal fraud and corruption 
  • Proactively keeping the board of directors and management aware of emerging trends  regarding internal controls, risk management, governance and internal auditing
  • Preparing and presenting accurate internal audit reports to the board of directors monthly,  review and follow up on agreed issues 
  • Liaising with external auditors when audits are undertaken 
  • Providing support, technical and secretarial services to the supervisory committee in the  performance of its duties under these regulations and the Cooperative Societies Act 1997
  • Promoting the highest standards of ethics and standards in the Sacco Society based on the  principles of integrity 
  • Developing in collaboration with the Board, implementing, reviewing and advising on  effectiveness of the risk management framework and policies 
  • Provide guidance on emerging operational, legal and regulatory compliance matters 

Minimum Qualifications and Attributes  

  • A degree in finance or related field 
  • A Master’s degree in Commerce, Business Administration, Finance, Accounting or any other  relevant field of study will be an added advantage 
  • CPA – K/ACCA qualification 
  • Five (5) years of working experience in a finance function with a minimum 3 years of auditing  experience in a senior position in a Deposit Taking Sacco 
  • Membership in a professional body with good standing
  • CISA certification 
  • A firm understanding of internal auditing standards and application 
  • Knowledge and effective application of all relevant Sacco policies, processes, procedures and  guidelines to consistently achieve required compliance standards or benchmarks
  • Ability to identify solutions that effectively address business and control needs
  • Interpersonal skills to effectively communicate audit results to functional heads and other  stakeholders

Branch Manager

Tasks and Responsibilities  

  • Manage operational activities at the branch including resourcefulness of the staff.
  • Reconciliations of FOSA bank accounts together with banker’s cheque and control accounts.
  • Produce reports of monthly disbursement of advances.
  • Ensure processing of internal and external standing orders is properly done
  • Verify the accuracy of the treasury cash movement throughout the Sacco
  • Ensuring proper daily updating of the treasury register
  • Ensure proper handling of members’ inquiries and issues at the branch
  • Ensuring funds transfers are properly done
  • Ensure proper and timely processing of members’ salaries
  • Managing the mobile banking process
  • Approval of banker’s cheques transfers
  • Ensuring membership withdrawals are properly done
  • Ensure the accuracy of recordings for FOSA transactions
  • Act as the primary custodian of the strong room and treasury
  • Guide staff to deliver on branch strategic goals and targets to ensure branch success
  • In charge of branch resources
  • Mapping and scoping the business opportunity within the Sacco environs, including profiling the business activities within the locality of the Sacco to identify potential business opportunities
  • Customer calls to set up meetings with potential customers with a view to establishing new sales opportunities for holistic solutions to the customers
  • Ensure timely and effective loan approval process within set limits, by presenting appraised loans for approval and approving the same in the system 
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Minimum Qualifications and Attributes  

  • Bachelor’s in a business-related course.
  • Membership in a professional body is desirable  
  • A minimum of 5 years of working experience in a financial institution (three years must be in  operations at a supervisory or management level)
  • Sound knowledge of Banking and Sacco laws and regulations  
  • A person of integrity, team player with effective communication skills 
  • Strategic thinker with good commercial judgement and ability to identify economic  opportunities in changing environment and capitalize on them
  • Sound judgment and decision-making ability on lending across all sectors
  • Customer-focused – striking a solid balance between external and internal customer orientation.
  • Excellent leadership, interpersonal, and team management skills

Accounts Assistant

Tasks and Responsibilities

  • Maintenance of members register i.e., update of membership and preparation of  dividend 
  • Production of members monthly report
  • Ensure daily reconciliations
  • Extraction of the monthly trial balance, cash flows and forecasts
  • Verification of payment vouchers to assess accuracy
  • Maintaining the general ledger 
  • Maintaining SACCO’S books of accounts including petty cash, banking and bank reconciliation, debtors’ and creditors schedules and other relevant accounting duties 

Minimum Qualifications and Skills  

  • A Bachelor’s Degree in Accounting/Finance or a Business-Related Degree from a  recognized university. 
  • CPA part II. 
  • Computer literate. 
  • A minimum of 2 years experience in a busy financial institution. 
  • Sound knowledge of Sacco laws and regulations.
  • A person of integrity, team player with effective communication skills.
  • Excellent in analytical, interpersonal and team management skills.

Assistant Internal Auditor

Tasks and Responsibilities  

  • Assist in developing internal audit strategies, policies, and manuals detailing the audit  procedures 
  • Assist in developing, implementing, and reviewing the internal audit charter
  • Assist in developing an internal audit work plan and budget for each financial year
  • Participate in preparation of the periodic audit reports for presentation to the senior management and the Audit Committee of the Board. 
  • Check the accuracy and reliability of accounting records by analyzing systems and internal  controls 
  • Verifying cash transactions carried out to ensure they are duly authorized and well  documented 
  • Carry out surprise cash count and other treasury cash management checks.
  • Continuously identify idle assets and make recommendations 
  • Regularly review and report on completeness and accuracy of the Sacco data
  • Follow up on the implementation of previous audit recommendations 
  • Assist in the execution of the Sacco compliance, fraud, and risk assessments by identifying  the key risks and assessing mitigating controls to determine the risk profile for the Sacco
  • Assist in the development and monitoring of key risk indicators (KRIs) that are mapped  to various risks to determine elevations in risk and proactively implement risk mitigation  measures 
  • Review the SACCO’s operations to ensure they meet all regulatory requirements set under the  SASRA guidelines. 
  • Conduct risk assessments for proposed and existing products 

Minimum Qualifications and Skills  

  • A degree in finance or a related field 
  • CPA III/ACCA qualification 
  • Three (3) years working experience in a finance function with a minimum 2 years  auditing experience in a Deposit Taking Sacco 
  • CISA certification added advantage 
  • A firm understanding of internal auditing standards and application
  • Knowledge and effective application of all relevant Sacco policies, processes, procedures  and guidelines to consistently achieve required compliance standards or benchmarks
  • Organized; able to work both independently and in a team setting 
  • Interpersonal skills to effectively communicate audit results when required

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