Sacco Chief Executive Officer at Co-operative Bank of Kenya

Duties & responsibilities

Reporting to the Board of directors, the Chief Executive Officer shall be responsible for the day-to-day running of the Sacco operations. Specific duties shall include;

• Co-ordination of the Sacco activities to ensure optimum and efficient utilization of all Sacco assets and resources.
• The implementation of and adherence to the policies, procedures and standards
• Management of the daily affairs of the Sacco in a competent manner
• Ensure selection of competent and qualified personnel
• Supervision of all members of staff in head office and various branches
• Setting up performance management system and evaluation of staff performance
• Manage the Sacco’s budget ensuring spending is in line with overall budget
• Monitor key performance areas and ensure all targets are met
• Review and implement regulations, internal systems, structures, procedures and controls to improve the quality of service
• Implementation of the Sacco’s Strategic plan, policies and business plans
• Manage the credit portfolio and provide reports to the Board of directors.
• Attend all board of Directors meetings on an advisory capacity
• Represent the Sacco in forums, business transactions and any other transaction authorized by the Board of Directors;
• Ensure compliance with all statutory requirements & relevant bodies.
• Timely preparation and presentation of various progress reports to board of directors
• Any other lawful duty that may be assigned by the Board of Directors.

Attributes/Skills

• Proven leadership and administrative capacity
• High financial management capability
• Judgment and decision-making ability
• Excellent communication and presentation skills
• Strategic thinking and results oriented.
• Proficient in Microsoft office suite.
• Must possess a high degree of integrity.

Qualifications

The candidate should have:

• A Business-related degree or its equivalent from a recognised university
• CPA (Part III) CPAK or its equivalent
• A diploma in Co-operative Management will be an added advantage.
• 5 years practical experience in a non-deposit taking Sacco of which 3 years must be in a Senior management position
• Proficient in Microsoft office suite and Knowledge of Dynamic 365 Business Central will be added advantage.
• Age: 30 years and above.

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Job Role Purpose

The CEO will provide strategic leadership, operational oversight, and visionary direction to the Sacco. Reporting to the Board of Directors, the CEO will be responsible for ensuring sustainable growth, regulatory compliance, and exceptional member service. The CEO will also provide strategic oversight to the Subsidiary, ensuring its activities align with Sacco objectives and safeguard members’ investments.

Key Responsibilities

The CEO will:

• Lead the implementation of the Sacco’s strategic plan, ensuring alignment with mission and vision.
• Advise and support the Board on governance, compliance, and policy matters.
• Ensure compliance with SASRA prudential guidelines, AML/CFT frameworks, and cooperative laws.
• Oversee financial sustainability, budgeting, liquidity, investments, and banking relationships.
• Direct daily operations, ICT systems, and member service excellence.
• Champion diaspora recruitment, retention, and member education initiatives across global markets.
• Drive product development and innovation.
• Provide strategic oversight to the Subsidiary, ensuring governance, accountability, and member value.
• Lead, mentor, and develop Sacco staff, fostering a high-performance and ethical culture.
• Identify and mitigate risks, maintain a robust risk register, and ensure business continuity.
• Represent the Sacco at local and international forums, building strong partnerships and networks.
• Ensure timely financial, operational, and regulatory reporting, and maintain transparent communication with members and stakeholders.

Qualifications & Experience

• Master’s degree in Business Administration, Finance, Economics, Cooperative Management, or a related field.
• Bachelor’s degree in Commerce, Business, Economics, or related discipline.
• Professional qualification (CPA, ACCA, CFA, MSK, IHRM, ICM or equivalent) is an added advantage.
• Minimum 10 years of progressive leadership experience, with at least 5 years at CEO or senior executive level in a Sacco, financial institution, or cooperative.
• Strong knowledge of SASRA regulations, AML/CFT, diaspora financial services, and cooperative law.
• Proven track record in strategy execution, financial growth, governance, and innovation.

Core Competencies

• Visionary leadership and strategic orientation.
• Strong financial acumen and risk management expertise.
• Excellent governance, negotiation, and stakeholder management skills.
• Outstanding communication and interpersonal abilities.
• Member-centric mindset with demonstrated service orientation.
• Tech-savvy, with knowledge of Sacco MIS, digital banking, and fintech innovations.

Successful applicant will be required to meet the requirements of Chapter 6 of the Constitution of Kenya and will be expected to present the following documents within the first 3 months of engagement.

• Police clearance certificate (Certificate of good conduct).
• Tax compliance certificate from Kenya Revenue Authority (KRA).
• Clearance certificate from Ethics and Anti – Corruption Commission (EACC)/
• Clearance certificate from Credit Reference Bureau (CRB).
• Clearance certificate from High Education Loans Board (HELB).