SACCO Chief Executive Officer

(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.