Fosa Accountant at Kimisitu Sacco in Nairobi, Kenya

    Kimisitu Sacco logo

    Fosa Accountant

    Kimisitu SaccoNairobi, Kenya

    Posted

    5 days ago

    Apply by

    31 Aug

    Full Time
    On Site
    Mid
    Banking, Insurance & Financial Services
    Accounting, Auditing & Finance

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    Job Description

    The FOSA Accountant will be responsible for the management of all FOSA Operations - Cash, Credit and Channels in accordance with Sacco policies and regulations while meeting member needs and expectations.

    Key Responsibilities

    • Verify all accounts opened, facilitate accounts to be closed and forward for authorization to the FOSA Manager
    • Issue and receive cash and mobile money float to & from tellers
    • Open and close FOSA accounts.
    • Verify/approve FOSA loans and advances and forward the same to FOSA Manager
    • Verify and approve mobile banking activations and PIN resets
    • Verify all FOSA payments
    • Ensure proper and up-to-date reconciliation of all cash and bank transactions
    • Daily verification of members' cash deposits and withdrawal vouchers
    • Establish owners of all direct credits in FOSA bank accounts and advise tellers accordingly
    • Effective & efficient supervision of tellers
    • Reverse erroneous Teller's transactions/ reversing of bounced cheques as approved and inform members accordingly.
    • Liaise with FOSA key partners e.g. banks, suppliers
    • Regularly monitor and facilitate reconciliation of mobile banking operations
    • Generate all FOSA reports and forward to FOSA Manager when due
    • Forward bankers cheques issued to the bank via email
    • Generate FOSA overdraft and communicate to the account holders
    • Clear members' and non-members cheques
    • Reconcile ATM and PINS issued
    • Post transactions to member's accounts as appropriately authorized by the FOSA Manager through vouchers or other instruments.
    • Supervise all transactions and ensure sufficient cash flow
    • Perform any other duties assigned from time to time.

    Required Qualifications

    • A bachelor's degree in accounting or its equivalent
    • Minimum four 4 years' proven relevant experience in a similar role working in a financial institution.
    • CPA K and a registered member of ICPAK in good standing
    • Proficient in MS Office, Excel & power point
    • Proficient in using ERP software.
    • A person of integrity
    • Good communication and interpersonal skills.
    • Excellent analytical and reporting skills
    • Excellent problem-solving and decision-making skills
    • Attentive to details

    Job Details

    Job Function

    Accounting, Auditing & Finance

    Minimum Experience

    4 years

    Education Level

    Bachelor’s Degree

    Area of Study

    Accounting

    Field of Study

    Accounting

    Additional Information

    How to Apply: Send your application letter and detailed CV to jobs@kimisitusacco.or.ke by COB Monday, 31st August 2026, bearing the subject line “Fosa Accountant.” Also, complete the data form and apply via the link provided: https://forms.cloud.microsoft. People with disabilities are encouraged to apply. Only shortlisted candidates will be contacted.

    Show Your FOSA Reconciliation Chops Before the Interview

    This role is all about managing cash, credit, and channels with precision. Hiring managers will probe how you've handled daily reconciliations, supervised tellers, and used ERP systems in a financial institution.

    1. Quantify your reconciliation wins: On your CV, don't just say you did reconciliations. Show numbers: how many transactions daily, the value of cash floats you managed, or the percentage of discrepancies you reduced. For example, "Reconciled daily cash and mobile money floats worth KES 5M with zero unresolved variances."

    2. Prepare a FOSA-specific story: Think of a time you caught an error in a member's account or reversed a bounced cheque. Walk through the steps you took, how you communicated with the member, and what you did to prevent it. That's the kind of concrete example they want.

    3. Brush up on ICPAK ethics: Since CPA K and ICPAK membership are required, expect questions on professional ethics and integrity. Review the code of conduct and be ready to discuss how you've handled ethical dilemmas in past roles.

    4. Know your ERP inside out: They use ERP software, so be ready to talk about which ones you've used (e.g., SAP, Oracle, Tally) and what you did with them. If you can, mention specific modules like general ledger, accounts payable, or cash management.

    5. Show your Excel superpowers: Excel is a must. Prepare to demonstrate advanced skills like pivot tables, VLOOKUP, and data validation. Have a small portfolio of Excel work you've done, like a reconciliation template you built.

    6. Understand FOSA operations deeply: Research FOSA (Front Office Service Activity) and the Sacco industry in Kenya. Know the regulatory environment, common challenges, and how FOSA differs from back-office operations. This shows you're not just an accountant but a Sacco specialist.

    7. Practice your communication for member-facing scenarios: You'll interact with members and partners, so expect scenario questions like "How would you handle an irate member whose cheque bounced?" Practice clear, empathetic, and professional responses.

    8. Align your CV with the job description: Mirror the language of the posting. Use keywords like "FOSA," "reconciliation," "teller supervision," "mobile banking," and "ERP" throughout your CV and cover letter. This helps you pass ATS and shows you've read the job carefully.

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    Tags

    FOSA
    accounting
    CPA
    ICPAK
    ERP