Sacco Assistant Accountant at Co-operative Bank of Kenya

ASSISTANT ACCOUNTANT (REF: AACC/04/24)

Job purpose:

Carry out financial and accounting processes, in compliance with financial policies, procedures and controls systems.

Reporting to: Accountant

Main Duties and Responsibilities

• Updating the member’s accounts and general ledger, Daily receipting (standing orders, direct debits, M-PESA and Other remittances) and cash management.
• Daily processing of loan disbursement, refunds and any other member related payments.
• Timely and accurate processing of supplier, allowances and other payments.
• Debtor and Creditors updates and management.
• Reconciling of members’ accounts.
• Reconciliation of Bank, MPESA and GL accounts.
• Petty cash management and reconciliation.
• Timely preparation of NSSF, PAYE, NHIF and other statutory deductions.
• Reconciliations of Eft payments with the loan listings.
• Processing yearly dividend /Interest.
• Validating and processing of refunds and withdrawals to ensure the right amount are refunded to the right members.
• Prepare daily summaries of expenses and cash position reports.
• Filing of income tax returns.
• Other duties assigned by the Supervisor from time to time.

Qualifications & Experience

• At least a bachelor’s degree in Finance or Accounting, of business-related field.
• Diploma in Business related field or its equivalent from a recognized university will be an added advantage.
• CPA K.
• A member of a relevant professional body is an added advantage.
• Minimum 2 years relevant experience and in a similar position.