FINANCE OFFICER
Full Time
May 23, 2024
Lilongwe, Malawi
June 7, 2024

Company: LUANAR SACCO Ltd

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Overview

LUANAR SACCO, an affiliate of Malawi Union of Savings & Credit Cooperatives Ltd (MUSCCO), a member owned and democratically controlled financial cooperative society, licensed and regulated by the Reserve Bank of Malawi whose aim is to improve the economic and social welfare of its members, by provision of excellent and innovative financial products & services; invites applications from suitably qualified candidates as below:

JOB DESCRIPTION

Post: Finance Officer – Lilongwe

Duties and Responsibilities

  1. Assist in the maintenance of accounting records, review and verify invoices and related documents for completeness and accuracy.
  2. Verify payment vouchers and receipts in respect of all payments and receipts, and ensure transactions are appropriately posted to journals, ledgers, and other records for management appropriate reporting.
  3. Track expenses and prepare daily expenditure analysis and creditors reports for management action.
  4. Assist the Finance Manager in preparing Accounts as well as financial records for both internal and external audits.
  5. Maintain an up-to-date filing system for ease of retrieval and reference.
  6. Assist in the preparation of general ledger and Bank reconciliations timely.
  7. Analyze and reconcile account transactions appropriately and timely.
  8. Assist the Finance Manager in the appropriate Management of staff payroll.
  9. Ensure accurate, up-to-date and thoroughly reconciled Management information system (such as Fin Financials) and report any inconsistencies or anomalies to Management in good time.
  10. Assist in timely preparation and processing of member deduction schedules, proactively check and address any errors or omissions.
  11. Timely respond to staff, SACCO members, and other stakeholders’ inquiries.
  12. Produce daily banking summaries for all deposits and receipts.
  13. Carry out annual payment of dividends and ensure complete and appropriate dividend reconciliations.
  14. Assist to undertake routine internal checks for compliance with policies, procedures and relevant laws.
  15. Assist to market the Sacco products and services.
  16. File statutory returns for compliance.
  17. Any other duties assigned by Management from time to time.

Key competences

  • Understanding of Financial Cooperative business model
  • Ability to communicate effectively.
  • Ability to produce financial Accounts and other analytical information.
  • Good understanding of Microsoft Excel
  • Experienced with Accounting software.
  • Great interpersonal skills and customer service.
  • Quick decision-making and problem-solving abilities.
  • Good attitude, Team player and ability to adapt quickly.
  • Highly meticulous and attentive to detail.
  • Must be a registered member of ICAM

Qualifications & Experience

Bachelor’s Degree in Accounting or Finance, from a recognized University with at least 2 years relevant working experience in financial or related industry.

Those with Diploma in Accounting or Finance, with at least 4 years’ relevant working experience in financial industry, can as well apply.

How to apply

Applications should be forwarded to the address below not later than Friday, 7th June, 2024.

General Manager
LUANAR SACCO LTD
P.O. Box 221 LILONGWE.

Or: to the following email address: luanasacco8@gmail.com and copy to: vincentchinomba@gmail.com

Only short-listed applicants will be acknowledged.