Chief Executive Officer (Managing Director) Job Re-advertisement

A Kenyan organization, in collaboration with local and international investors is in the process of setting up a national Microfinance Institution (MFI), to be regulated by the Central Bank of Kenya under the Microfinance Act, 2006.

In order to drive the process of establishing, licensing and rolling out the business operations of this new initiative, the Board seeks to recruit a visionary, experienced and talented Kenyan of high integrity as the Chief Executive Officer (Managing Director).

This post is subject to vetting and approval of the candidate by the Central Bank of Kenya. The CEO will report to the Board of Directors.

Tasks and Responsibilities

• Lead the process of seeking a license from the Central Bank of Kenya and meet all the requirements stipulated in the Microfinance Act and the Prudential Guidelines.
  
• Identify business risks and develop mitigating strategies.
  
• Provide the overall management through the day-to-day operations, quality leadership and guidance to all the functions of the MFI.
• Recruit, train, mentor, motivate and supervise the management team and other staff members.
  
• Oversee the finalisation of the five year Business Plan, annual plans and budgets and oversee their successful implementation.
  
• Build the reputation of the MFI by providing high quality services to clients, developing positive relations with the investors and other external parties.
• Identify, lease, and acquire suitable premises for the MFI in Nairobi and the branches
• Make regular, full and correct operational and financial reports to the Board and the regulating authority in compliance with the legal requirements.
• Provide leadership in expansion and setting up of branches in rural areas of Kenya.
  
• Mobilise additional resources in form of debt, equity and/or grant capital.
  
• Set up an IT platform that will accommodate the expansion and growth of the MFI.
  
• Undertake any other duties and responsibilities as may be necessary to achieve the objectives of the MFI as directed by the Board of Directors.

Qualifications

• A degree in Business, Accounting, Finance or similar qualifications with at least 10 years of senior management experience in a bank or retail financial institution.
  
• Excellent communication and interpersonal skills.
• Ability to present financial information effectively to both specialists and non-specialists.
  
• Ability to work independently with no supervision and as a team member.
  
• Ability to mobilize, mentor, motivate and empower staff to achieve stipulated results.
  
• Experience in commercial strategic planning, budgeting, control, financial analysis, and risk management.
  
• Must be aged between 35 and 45 years.

Qualified Candidates interested in this highly rewarding job should send their applications by Post, to be received by Friday, 11th December 2009 and include: Detailed CV, email address, daytime telephone contacts, current and expected remuneration package, names and contacts of three referees and the academic certificates and other testimonials to the following address:-

The Advertiser
P. O. Box 16700,
Mobil Plaza 00620,
Nairobi, Kenya

Candidates who responded to the Advertisement in the Daily Nation on 31st July 2009 need not re-apply.

If you do not hear from us by 31st December 2009, please consider your application as unsuccessful.

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