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SACCO Administrator

Kampala, Uganda * Full-time
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https://careeremcos.fillout.com/apply

Category: Finance Total Positions: Location: Kampala, Uganda Full-time Salary: Attractive Posted 1 year ago
KEY DUTIES AND RESPONSIBILITIES
• Administering UCAA EMCOS • Managing the SACCO accounting and management computerized System; • Managing and updating the Membership List • Recruiting new Members to the SACCO; • Ensuring interest on Member’s savings is remitted in a timely manner; • Ensuring that Public Relations Contribution (PURESCO) is deducted from Members annually; • Ensuring the Dividends are distributed in a timely manner when declared; • Facilitating the transfer of shares between Members and the SACCO; • Reconciling Payments that Accrue from Insurance benefits; • Generating regular financial Reports from the accounting system for Discussion by the BOD and other purposes; • Facilitating payments to Members applying to quit the SACCO; • Ensuring that SACCO building rent is paid in time without accumulating arrears; • Processing public relations and condolences fees for Members who qualify; • Processing Board of Directors (BOD) and other staff allowances and facilitation to BOD and staff Meetings; • Processing and managing operational expenses; • Coordination of internal audits (by Supervisory Committee of the SACCO) and external audits (twice annually) • Providing response to audit management papers to be discussed and forwarded by BOD to the auditors; • Preparing management Reports for discussion at general Meetings; • Compiling executive reports for discussion at SACCO general Meetings; • Drafting the SACCO annual budget for approval by the general meeting; • Administering the approved Budget, Office and SACCO assets; • Organizing the Annual General Meeting (AGM) • Ensuring all SACCO records are up to date and compliant with relevant regulations/ policies • Processing monthly checkoff from Members • Preparing and updating monthly check-off lists by adding newly disbursed Loans and removing completed Loans and keep the member register up to date; • Adjusting the check off List with Member’s request for either increasing or reducing their monthly savings; • Submitting the Monthly check off List to UCAA pay and benefits for further processing; • Management of SACCO accounts • Analyzing members’ deductions to determine the amounts to be posted to Loan repayment, different savings products and shares; • Reconciling members’ deductions with the amount received from UCAA; • Preparing an excel sheet depicting the analyzed members deductions received from UCAA • Posting the reconciled analyzed amounts in individuals’ accounts; • Managing all other SACCO accounts in the system • Loan and savings withdrawal disbursement • Provide support to members who fail to apply for loan and savings on their own; • Posting of approved payments into the online system; • Processing of Tax payments • Process PAYE for SACCO staff; • Process property Tax for the SACCO; • Process operation permit for the SACCO building; • Process rental Tax for the SACCO building; • Process NSSF for SACCO Staff; • Process payment to Uganda Microfinance • Regulatory Authority for acquiring a License; • Filling of annual returns • Coordination with Government Cooperative Offices and other regulatory Bodies • Filling minutes and Resolutions with the Municipal Cooperative Office; • Filling Returns with Government Cooperative Regulatory Bodies; • Coordinating training for nominated Members of the SACCO; • Filling of Reports • File annual financial Report with the District Commercial Officer and Ministry of Trade, Industry and Cooperatives; • File quarterly reports to Bank of Uganda; • Management of SACCO website and social media channels • Develop, schedule and publish engaging and relevant content across all SACCO social media platforms and the website • Regularly monitor the website and social media • accounts to respond to inquiries and comments promptly • Publicize SACCO news, events, members success stories, financial literacy tips and SACCO product updates to increase awareness • Ensure all content shared is compliant with SACCO policies, data protection laws and ethical standards
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QUALIFICATIONS / SKILLS
• Any bachelor’s degree in Business Administration, Business Studies, Commerce, Finance or Accounting background or a related field equivalent qualification and a stage II professional accounting qualification ACCA or CPA. • Knowledge of SACCO operations, financial management and regulatory frameworks • Computer skills with ability to use MS Word, MS Excel and MS PowerPoint • Below 45 years • Training, Knowledge and experience in financial management software will be an added advantage. • 3 years’ experience in a similar role would be an added advantage
HOW TO APPLY

Please follow the application instructions provided in the full job description above.

CLICK HERE TO APPLY
Deadline: Expired
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