Chief Executive Officer at Co-operative Bank of Kenya

The job holder shall provide day-to-day leadership, management, and vision necessary to ensure efficient and effective implementation of Sacco’s strategic plan; and give guidance to the board of directors on various policy matters as well as manage the staff in a competent and business manner in order to achieve the Sacco’s objectives.

Duties and Responsibilities

• Support in development, review, and implementation the Sacco’s strategic and business plans. 
• In charge of the Sacco’s investments and management of a balanced investment portfolio. 
• Responsible for the Sacco’s financial & operational planning, forecasting, and budgeting and be able to conceptualize and explain variances. 
• Ensure prudent management of costs so as to achieve business growth as outlined in the strategic plan. 
• Develop and implement policies and procedures that run the Sacco affairs efficiently and effectively.
• Coordinate proper utilization of all Sacco resources including personnel, capital, information, buildings, land, motor vehicles, and other movable and non-movable assets of the Sacco.
• Maintain good relations in the entire Sacco including staff, Board of Directors, and external stakeholders.
• Be responsible for the management, development & maintenance of high-performance teams by providing transformative leadership & effective supervision, guidance, and initiating training of staff and members under your jurisdiction. 
• Ensure proper acquisition through recruitment of personnel who qualify and fit in the Sacco Management and operations; carefully avoiding overstaffing or understaffing to ensure proper utilization of human resources.
• Responsible for the maintenance of a positive image of the Sacco including handling press matters.
• Principally, he/she is the liaison officer with the government and other agencies but may delegate some of these issues only after weighing the possible consequences of such delegation.
• Direct all activities of departmental heads and ensure that proper targets and standards are set and achieved at each level of operations in Sacco activities as well as providing technical expertise to the other departments.
• Responsible for action sought by the board of directors by mobilization of all staff in order to achieve the Sacco objectives.
• Advise the board of directors on all operations and administrative matters of the Sacco.
• Appraise the board of directors on the current activities; and targets of the Sacco through submissions of daily, monthly, quarterly and annual reports on its operations.
• Develop policies for vetting by the board of directors and ensures consistency in the applications of agreed policies and standards including those for the remuneration and reward of personnel and for participation in fringe benefits, employee service schemes, and other privileges as necessary.
• Responsible for supporting the board’s decisions making preparation, analysis & presentation of comprehensive, timely, reliable, and compliant financial reports. 
• Ensure compliance with all statutory and regulatory requirements of the Sacco & be able to propose changes to the board such as Sacco acts, rules, by-laws, SASRA act, and cooperative rules. 
• Develop and provide high-quality products and efficient services which are value-adding to members so as to enhance market share and revenue command of the Sacco. 
• Provide support to the board of directors by organizing all board and sub-committee meetings, annual and special general meetings, and supervisory meetings as and when required. 
• Build and develop a highly motivated team of employees through embedding performance development and coaching through identification of staff training needs and enshrine them in the training and education programs of the society. 
• Develop and operate a financial services network of branches based on assessment from relevant officials – on quality member service, innovative savings, loan products, and introduction of new business opportunities. 
• Promote the Sacco’s corporate image by representing it in a professional manner at all times. 
• Attend and participate in board meetings, seminars, and conferences at all levels to keep informed of the developments affecting the Sacco movement and the business environment in general. 
• Support the board of directors in developing strategic plans upon which other Sacco plans will be hinged to drive the vision and mission of the Sacco business into the future. 
• Implement, without delay, all recommendations from government regulatory bodies, BOD, internal and external audit reports and consultants based on agreements arrived at with Board. 
• Ensure the correctness of books of accounts, receipts, and disbursements.
• Ensure safe custody of all funds, documents, and property belonging to the Sacco.
• To keep minutes of all general meetings and meetings of the board of directors.
• To prepare, approve, authorize and sign all official correspondence of the Sacco. 
• To be a signatory to the Sacco society cheques, contracts, and other documents as may be necessary. 
• To perform such other duties as may be directed by the board of directors.

Qualifications

• Master’s degree in business or strategy.
• A bachelor’s degree in accounting or finance.
• A professional accounting qualification CPA K or ACCA will be an added advantage.
• At least 7 years of experience in a senior managerial role and 10 years in a financial institution.
• Sound knowledge of deposit-taking Saccos’ regulations and the regulator’s (SASRA) guidelines on deposit-taking Saccos.
• Knowledge of the Sacco business model & other operational issues of the Sacco. 

Key Skills and Competencies

• Good analytical, communication, and writing skills. 
• Excellent organization and interpersonal skills. 
• Change agent – introducing and implementing institutional changes and installing organizational development programs in regard to Sacco matters. 
• Must possess a high degree of integrity. 
• Strategic thinking and result oriented. 
• Track record of good management and development skills. 
• Knowledge of financial accounting reporting. 
• Ability to network with stakeholders.