Banking Jobs in Nairobi, Kenya - KUSCCO

Credit Officer

Job Reference No.CO/26/04/2019
Location: Mombasa
Closing Date: 10th May 2019
Type of engagement: 3 years contract renewable
Responsibilities
Reporting to the Credit Manager , the main functions of the Credit Officer will entail;
·         Ensure that the credit/loan is strictly adhered to in loan processing.
·         Perform appraisal of loans and work out members’ entitlement and amount granted.
·         Recommend loan application to be forwarded to credit committee for approval.
·         Reject loans and explain reasons for the same for ratification by the credit committee.
·         Responsible for the preparation of files for the credit manager to present to the credit committee meeting.
·         Attend to members queries as concerns loans applications.
·         Advice management through the Credit manager on demands for loans.
·         Assist the credit committee in developing sound credit policies.
·         Ensure that members whose applications have been deferred or rejected from loan office for not conforming to the loans policy are promptly advised.
·         Ensures that all members’ correspondences on loans, withdrawals and membership are promptly attended to.
·         Growing non-withdrawable deposits/savings.
·         Maintaining loan register.
·         Maintaining guarantors’ records.
·         Ensure efficient and prompt recovery of loans disbursed and interest accrued.
·         Maintaining confidentiality of members’ loan information.
·         Drafting demand notices to loan defaulters.
·         Preparation of monthly insurance premium schedule for submission to the insurance company.
·         Preparation and generation of loan schedules and statements.
·         Preparing monthly reports for the Board.
·         Ensuring that all loans comply with lending regulations and policies of the Society; and
·         Any other lawful duties as may be assigned from time to time.
Qualifications
·         A Business related degree or its equivalent from a recognized university and CPA 2 or its equivalent or CPA 2 and has satisfactorily served as a credit Officer in the Society or a comparable position with similar responsibilities in a Sacco or in a similar organization.
·         Minimum of 4 years of relevant experience.
·         A diploma in Cooperative Management will be an added advantage.
·         Have demonstrated high financial management capability and investment.
·         Have good knowledge of information Technology.
Job Specification
·         Effective listening, verbal and written communication skills.
·         Judgment and decision-making ability.
·         Accuracy and attention to detail.
·         Demonstrated integrity and ethical standards.
·         Able to handle difficult customers with diplomacy and tact.
·         Problem-solving and analytical ability.
·         Manages time effectively and adapts quickly to changing priorities.
·         Team player who works productively with wide range of people.
·         Capable of following written instructions and documented procedures.
·         Able to read, analyze and interpret financial statements.
·         Good Knowledge of Microsoft Office Suite.

Internal Auditor

Job Reference No. IA/26/04/2019
Location: Mombasa
Closing Date: 10th May 2019
Type of engagement: 3 years contract renewable
Responsibilities
Reporting to the CEO , the main functions of the Internal Auditor will entail;
·         Reviewing the credibility and integrity of financial statements.
·         Ensuring the financial statements of the Society have been prepared in accordance with the IFRS, IAS and the Sacco Societies Act. This will also ensure that all the disclosure requirements in accordance with the rules and regulations are also met.
·         Ensure that the loans of the society are all documented and the necessary steps were followed in awarding the loans. The process of loan awarding should be professional.
·         Ensure that the fixed assets of the Society are safeguarded, their physical condition is proper, they exist and they are correctly valued. This includes checking the physical presence, the depreciation policies and analyzing their effectiveness and whether they are properly insured.
·         Analyze the investments made by the Society to ensure that the investment policy was followed, the investments are safe, they don’t exceed such a proportion of the prudential standards that have been set and such investments have been made for the good of the Society.
·         Ensure that the information contained in the financial statements is complete and reliable for effective decision making.
·         The internal auditor checks that all activities done by the Sacco are in conformity with the existing laws and regulations. This will entail the internal auditor ensuring that the Society does not contravene among others; The Cooperative Societies Act, the Sacco Societies Act, CBK Act, the labor laws, NSSF Act and other relevant Acts and laws.
·         Review the economic efficiency and effectiveness in the utilization of the Society resources so that its objectives are achieved.
·         The internal auditor will also review the adequacy, design and effectiveness of the internal control systems. This will monitor the quality of such controls, detect any weakness and provide recommendation for improvement.
·         Undertaking regular transaction and systems review to confirm that internal control systems are in place and are working.
·         Vouching and examination of vouchers before payments.
·         Advising Board on the sufficiency/ adequacy of internal controls and systems.
·         Undertaking investigate audits on request.
·         Drawing up annual audit plan based on a risk assessment.
·         Completing assigned tasks in a timely, accurate and well documented manner ensuring that audit findings and recommendations made during the course of the audit are promptly communicated to the Board.
·         Performing follow-up work as necessary subsequent to the audit.
·         Formulating and reviewing internal controls and procedure manual.
·         External audit report follow up.
·         Assist the BOD in the governance of the Society by advising on the direction of various issues.
·         The internal Auditor shall act as a link between the external auditor and the supervisory committee of the Society. In the event the external audit is being performed, the external auditor analyses the work done by the internal auditor mainly focusing on independence and integrity of the internal audit function so that they can place some reliance on its work.
·         Having fraud detection steps in audit programs; investigating allegations of fraud, and reviewing fraud prevention controls and detection processes put in place by management, making recommendations for improvement and on corrections or enhancements needed to maintain and improve effective and complaint operations.
·         Maintaining files and supporting documentation for audits and other assignments.
·         Identifying and qualifying key business risks estimating the probability of occurrences and the impact on the Society and making appropriate recommendations.
·         Any other lawful duties that may be assigned from time to time.
Qualifications
·         A Business related/ Bachelor’s degree or its equivalent from a recognized university and CPA (K) or its equivalent or a CPA (K) and has satisfactorily served as an Accountant/ Internal Auditor in the Society or a comparable position with similar responsibilities in a Sacco or in a similar organization for a minimum period of 5 years.
·         CISA will be an added advantage.
·         Be registered with ICPAK
·         5 years of relevant experience.
Job Specification
·         Judgement and decision making ability.
·         Accuracy and attention to detail.
·         Excellent communication and interpersonal skills.
·         Excellent analytical and audit skills.
·         Self-driven and work with minimal supervision.
·         All risk analysis skills.
·         Advanced report writing and presentation skills.
·         Good IT skills and Proficient in Microsoft office suite.
·         Unquestionable integrity.
How to Apply
Interested candidates meeting the above requirements should apply online following the two (2) step procedure below;
By filling in the data form from the link https://forms.gle/NgXkCBswDkdAYfNK8
Followed by Sending an Application Letter with a detailed Curriculum Vitae (CV) to recruitment@kuscco.com
Applications close on 10th May 2019. Only shortlisted candidates will be contacted.

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