Capital Limited Managing Director Vacancy

IDB Capital Limited (IDB) is a State Corporation established in 1973as a Development Finance Institution with the objective of financing Industrial enterprises

IDB seeks to appoint a visionary Managing Director to provide stewardship required to deliver on its mandate, and position the institution to play a key role in implementation of National Vision 2030.

The MD will report to the Board of Directors and shall be responsible for:

• Providing leadership in the development, execution and achievement of the Corporations strategic objectives;
• Ensuring timely preparation of annual business plans and operating budgets;
• Sustaining/enhancing a performance culture in tandem with the Government performance contracting requirements;
• Identifying new markets and opportunities for business expansion;
• Overseeing the development of innovative products for new and existing clients;
• Ensuring prudent financial management;
• Managing with due care the Institutions assets and liabilities:
• Implementation of appropriate human resource policies and practices to ensure IDB remains an employer of choice;
• Building effective relationships with the Board, the Government, regulators, Investors and other stakeholders; and
• Enforcing a culture of regulatory compliance, good corporate governance and adherence to government guidelines.

Key Qualifications:

• Minimum of a Masters degree specializing in any of the following areas: Business Administration, Economics, Finance, Strategic Management or related field from a recognized institution;
• Possession of CPA-K /CPS-K/ACCA/AKIB/ACIB or its equivalent will be an added advantage;
• At least 10 years of relevant experience in a top management position in a reputable bank/financial Institution.
• A clear understanding of the National Vision 2030 flagship projects and their priority;
• General knowledge of Kenyan investment climate and opportunities, including the operations of Development Financial Institutions, Protect Finance, Capital and Financial Markets:
• Must have established a proven track record and reputation for outstanding performance:
• Be of impeccable Integrity and honesty.

If you meet the above criteria, please submit your application along with a detailed CV, stating your current position, current remuneration, three professional referees, e-mail address and telephone contacts by 12:00pm on Friday, 17th September 2010.

All applications should be addressed to:

The Chairman
Board of Directors
IDB Capital Ltd
P.O Box 44036 00100 GPO
Nairobi
Tel 2247142/12

Application letters can also be dropped in a box at our office reception situated on 18th floor National Bank Building Harambee Avenue.

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