The Co-operative Bank of Kenya Limited is incorporated in Kenya under the Company Act and is also licensed to do the business of banking under the Banking Act. The Bank was initially registered under the Co-operative Societies Act at the point of founding in 1965.

TEMBO VENTURES C/S CEO (REF: TVC/CEO/2024)

Our client, Tembo Ventures Housing Co-operative Society Limited (TVC), seeks to recruit a suitably qualified person to fill the role of Chief Executive Officer.

Summary

Reporting to the management committee, the CEO will provide comprehensive management and oversight of all facets of the society, playing a pivotal role in shaping Tembo Ventures Housing Cooperative’s (TVC) future. This position will offer leadership, direction, and strategic planning, ensuring the mission, vision, and policies of TVC are effectively executed. The CEO is responsible for implementing TVC’s strategic plan and delivering its immediate and long-term objectives, sustainably.

Additionally, the incumbent will empower the Management committee to fulfil its governance duties and safeguard the interests of shareholders. The CEO will create an environment where employees feel included, valued, informed, and engaged.

Duties, Responsibilities and Standard of Performance:

Strategy Execution

• Liaise with the management committee to update and implement TVC’s Strategic plan.
• Break down the organization’s strategic plan into executable objectives and assign them to various sectional heads, monitor their executions and provide relevant feedback to the board of directors.
• Rally the organization’s workforce towards achieving goals and objectives, with strict adherence to core values.
• Provide strategic advice to the management committee to keep them aware of developments within the industry.
• Work closely with all stakeholders to establish and review strategic priorities for the society.
• Scan the industry and macro environment for new business opportunities and products or services and advise the management committee accordingly.
• Build and enhance the relationship with external partners e.g., the Co-operative society, financial/non-financial institutions to enhance strategic priorities for TVC.

Corporate Governance

• Be the custodian of TVC’s by-laws, and regulations.
• Ensure TVC policies and procedures are up-to date, rolled out to staff and complied with.
• Prepare and present various progressive reports to the Management Committee.
• Proactively provide information, history, continuity, support and guidance to all governance bodies and members, in conjunction with the staff team.
• Ensure timely implementation of Management Committee recommendations.
• Ensure consistent compliance with the statutory and regulatory requirements, Society’s policies, procedures, and standards.
• Ensure effective internal controls and processes while maintaining a strong Risk and Compliance system.

Stakeholder Management

• Coordinate and ensure optimum uptake of TVC products and services.
• Ensure provision of education and training programs to the TVC leadership, staff and members.
• Build a rapport between the Management Committee, Supervisory Committee, members and the Sacco staff.
• Develop and implement customer focused service charter that places members interest, benefits and engagement at the center, providing follow up mechanism to ensure the society membership receives value for their savings.
• Build and maintain stakeholder engagement internally and externally.

Financial Management

• Ensure maintenance of proper books of records, registers and custody of all assets.
• Approving payments made by the Society.
• Provide recommendations regarding effective utilization of long and short-term debt, including refinancing.
• Responsible for market research for products, credit information and current society practices.
• Oversee preparation of annual budget, regular variance statements; ensure proper management of the society accounts and preparation of periodic financial reports and annual audit.
• Ensure that the annual audit is coordinated and completed in time for the Annual General Meeting.
• Ensure that recommendations raised by the auditors and supervisory committee are implemented within three months.
• Implement control’s systems and processes in order to minimize loss to the Sacco through revenue leakage.Prepare and present reports on the financial position of the society on trend analysis, financial projections/forecasting and industry benchmarking.
• Scan the market to identify investment opportunities and advise the board accordingly.
• Annually set ambitious financial targets for the society.

Administration

• Develop annual goals and conduct monthly Performance management review for staff.
• Oversee workplace operations, including holding staff meetings and retreats, and working with staff to maintain and improve effectiveness and efficiency.
• Motivate and provide a conducive working environment for staff.
• Oversee the reward and recognition programs.
• Provide tools for staff to achieve their set deliverables.
• Ensuring procurement within the Sacco is handled accordingly within set guidelines and legislation.
• Coordinating Board Meetings including ensuring reports are prepared and circulated to Board Members.
• Updating and maintaining employee benefits, employment status and similar records.
• Participating in recruitment efforts and facilitates new employee activation process.
• Manage, organize and report data related to administrative leave
• Assist in coordination of staff welfare activities including team building and other team activities

Company Assets

The CEO shall ensure that:

• All risks attached to the company’s activities, including investment, land, houses; are regularly and properly evaluated, monitored and adequately secured.
• A proper and complete register of the company’s Assets is kept.
• All Company Assets are properly surveyed, registered, recorded, valued and Certificates thereof are obtained and kept.
• All company assets are properly utilized and safe guarded.

Requirements:

• Bachelor’s degree in finance, Accounting, Business Administration, or a business-related field. A master’ s degree is an added advantage.
• 10 years working experience in a relevant field 3 years of which at a senior level in a busy environment and preferably within the co-operative movement.
• Membership to a relevant professional body and in good standing.
• An excellent problem solver who takes a dynamic and proactive approach to finding effective solution.
• Leadership skills demonstrated by a proven ability to inspire others, establish a shared vision and motivate people to work together to achieve shared objectives.
• Ability to think strategically and to anticipate and plan for organisational and industry change.
• Sound judgement and an understanding of the need to maintain objectivity and an ability to set and maintain professional boundaries.
• Good commercial instincts, networking skills and commitment to representing the company with professionalism and integrity.
• Excellent written and verbal communication skills.

Interested candidates must fulfill the requirements as per chapter six of Kenyan constitution.

They should immediately initiate clearance from the following bodies as they shall be a requirement to be presented at the interview stage for successful candidates:

• Police clearance certificate (Certificate of Good Conduct).
• Tax compliance certificate from the Kenya Revenue Authority (KRA).
• Clearance certificate from the Ethics and Anti-Corruption Commission (EACC).
• Clearance certificate from Credit Reference Bureau (CRB)
• Evidence of good standing with professional body (where applicable)