Accounts Assistant(Financial Services)
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Job summary
Our client is looking for an Accounts Assistant who has good understanding of the internal policies, systems, and procedures of a Sacco and is conversant with the Co-operative Act, SACCO Act, SASRA requirements, and IFRS.
Min Qualification:
Diploma
Experience Level:
Mid level
Experience Length:
4 years
Language Requirement:
English
Working Hours:
Full Time - 9 to 5
Applicant Location:
Kenya
Job descriptions & requirements
Roles & Responsibilities
- Update and reconcile Member Personal Accounts (MPA) to ensure accuracy and completeness
- Assist to prepare monthly payroll and other statutory deductions.
- Validating and processing member refunds and payments.
- Prepare monthly financial statements, reports and records by collecting, analyzing and summarizing account information
- Filing of accountable records/documents/reports including bank reconciliation statements and M-pesa statements.
- Debtor and Creditors updates and management.
- Handling next of kin claims for deceased members, advising on necessary documentation and preparation of payments.
- Assist in the preparation of monthly payroll, ensuring all statutory and other deductions are accurately computed and remitted..
- Prepare and process payments to both internal and external parties in a timely manner.
- Ensure prompt preparation and processing of member refunds and other payments.
- Receipt and record all payments including M-Pesa, standing orders, direct debits, and other payment channels.
- Maintain proper filing systems for accountable documents, including bank reconciliation statements and M-Pesa reports.
- Support bookkeeping activities, including data entry and maintenance of financial records.
- Maintain and update records of withdrawal notices and prepare files for further action.
- Assist in bank reconciliations and ensure discrepancies are identified and resolved promptly.
- Ensure compliance with SACCO policies, financial procedures, and regulatory requirements.
Qualification & Experience
- Diploma or Degree in Accounting, Finance, or a related field.
- CPA (Part II or above) or equivalent qualification.
- At least 4 years’ experience in carrying out finance/Accounts functions in a Deposit-Taking Sacco Society.
- Working experience with MS Dynamics Navision.
- Conversant with the Co-operative Act, SACCO Act, SASRA requirements, and IFRS.
- Proficiency in accounting systems and Microsoft Office (especially Excel).
Attributes & Skills
- Ability to handle pressure and meet deadlines.
- Good understanding of the internal policies, systems, and procedures of a SACCO.
- Strong attention to detail and accuracy.
- Good organizational and record-keeping skills.
- Integrity and ability to handle confidential information.
- Good communication and interpersonal skills.
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