Sacco Chief Executive Officer at Co-operative Bank of Kenya

SACCO CHIEF EXECUTIVE OFFICER (REF: CEO/06/23)

• Our client, PCEA Ruiru Non-Withdrawable Deposit Taking Sacco regulated by the Sacco Societies Regulatory Authority (SASRA) and based in Ruiru is seeking to recruit a qualified and professional Chief Executive Officer with high synergy to meet the SACCO’s set goals and objectives.

Job Purpose

• The job holder ensures to provide day-to-day leadership, management, and vision necessary to ensure efficient and effective implementation of SACCO’s strategic plan.
• Gives guidance to the board of directors on various policy matters as well as manages the staff in a competent and business manner in order to achieve the SACCO’s objectives.
• Job Type: Contract – Three (3) Years renewable based on performance

Duties & Responsibilities

• The job holder will be responsible to the board and overall management of SACCO activities as follows:
• To be responsible for the implementation of the SACCO’s strategic business plans.
• To be responsible for the implementation of and adherence to the policies, procedures, and standards.
• To be responsible for the SACCO’s investments and management of a balanced investment portfolio.
• To be responsible for the management, development & maintenance of a high-performance team by providing transformative leadership & effective supervision, guidance, and initiating training of staff and members under your jurisdiction.
• To be responsible for the Sacco’s financial & operational planning, forecasting, and budgeting and be able to conceptualize and explain variances.
• To be responsible for prudent management of costs so as to achieve business growth as outlined in the strategic plan.
• To be responsible for supporting the board’s decisions making preparation, analysis & presentation of comprehensive, timely, reliable, and compliant financial reports.
• To ensure effective implementation of financial, operational & accounting policies and procedures.
• To prepare weekly, monthly, and quarterly reports on the performance of the entire SACCO’s key result areas for the board and advice accordingly.
• To ensure compliance with all statutory and regulatory requirements of the SACCO & be able to propose changes to the board such as Cooperative ACT, rules, by-laws, Regulation 2020 Non-deposit taking saccos ACT, and Cooperative rules.
• To cause to 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.
• To 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.
• To 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.
• To develop and operate a financial services based on assessment from relevant officials – on quality member service, innovative savings, loan products, and introduction of new business opportunities.
• To promote the SACCO’s corporate image by portraying it to society in a professional manner at all times.
• To attend and participate in board meetings, seminars, and conferences at all levels to keep informed of the developments affecting the SACCO movement and business environment in general.
• To support the board of directors in developing a strategic plan upon which other SACCO plans will be hinged to drive the vision and mission of the SACCO business into the future.
• To implement, without delay, all recommendations from the government regulatory bodies, BOD, internal and external audit reports and consultants based on agreements arrived at with Board.
• To cause to ensure the correctness of books of accounts, receipts, and disbursements are well maintained.
• To ensure safe custody of all funds, documents, and property belonging to the SACCO and ensure their safekeeping.
• 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 SACCO Society cheques, contracts, and other documents as may be necessary.
• Head of the HR function and overall staff welfare as well as the implementation of the Staff Performance System (PMS).
• To perform such other duties as may be directed by the board of directors.

Impact of Results

• Effective and efficient overall planning, administration, coordination, and evaluation of all functions of the SACCO.

Qualifications & Experience

• Bachelor’s Degree in Business Development related field or its equivalent.
• Member of a professional Body.
• A Master’s Degree will be an added advantage.
• Accounting certification CPAK/ACCA will also be an added advantage.
• A minimum of ten (10) years of working experience in a deposit-taking SACCO and/or financial institution, and 3 years of working experience at a management level.
• Computer literacy and knowledge of MIS will be added advantages.
• Knowledge of the SACCO business model & other operational issues of the SACCO.
• 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.

General Requirements

• Planning & organizing
• Leadership
• Entrepreneurial awareness
• Decisiveness and adaptability

INTERESTED CANDIDATES MUST FULFILL THE REQUIREMENTS AS PER CHAPTER SIX OF THE KENYAN CONSTITUTION

They should immediately initiate clearance from the following bodies as they shall be a requirement to be presented at the interview stage for successful candidates:

• Police clearance certificate (Certificate of Good Conduct).
• Tax compliance certificate from the Kenya Revenue Authority (KRA).
• Clearance certificate from the Ethics and Anti-Corruption Commission (EACC).
• Clearance certificate from Credit Reference Bureau (CRB).