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SACCO Chief Executive Officer at Co-operative Bank of Kenya

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Job Detail

  • Job ID 1020176
  • Career Level  Executive
  • Experience  2 Years
  • Qualifications  Degree Bachelor

Job Description

(REF: CBI/CEO/07/26)

Reports To: Board of Directors

Roles & Responsibilities

  • Provide strategic direction and oversight for the Sacco’s growth and financial stability.
  • Ensuring adherence to SASRA guidelines, regulations and all other relevant laws, rules and regulations.
  • Identify and mitigate risks, enforce internal controls to ensure business continuity.
  • Chief custodian of all the Sacco assets and ensure their optimum utilization.
  • Overseeing budgeting, liquidity and investment portfolio management to ensure long-term sustainability and returns to shareholders.
  • Spearheading digital transformation and innovation for operational efficiency and service excellence.
  • Foster a conducive corporate culture that promotes strong ethical practices, good governance and employee productivity.
  • Implementation of the Sacco’s Strategic Plan, policies and business plans.
  • Grow the Sacco business both FOSA and BOSA in terms of products, loan portfolio and revenues and assets as stipulated in the Strategic Plan.
  • Build and maintain strategic partnerships with regulators and other stakeholders.
  • Ensure compliance with all statutory requirements & relevant bodies.
  • Setting up performance management system and evaluation of staff performance.
  • Manage the Sacco’s budget ensuring spending is in line with overall approved budget.
  • 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

  • Strategic and visionary leadership with strong commercial acumen.
  • Strong knowledge of Sacco business model and regulatory framework governing Deposit-Taking Saccos.
  • Must possess a high degree of integrity, ethical judgement and commitment to transparency and accountability.
  • Results driven, with excellent analytical, problem solving and decision-making skills.
  • Effective communicator with strong interpersonal influencing and negotiation skills.

Minimum Qualifications

  • A Bachelor’s degree in Finance or its equivalent from a recognized university.
  • Master’s degree in Business Administration or a related discipline from a recognized university is an added advantage.
  • A member of a professional body in good standing.
  • Minimum 2 years’ experience in senior management position in a Deposit Taking Sacco.
  • Age 30 years and above.

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