Sacco Chief Executive Officer (REF:CBI/CEO/09/25)
Job Ad expires on October 8th, 2025
Our client, a licensed Non-Withdrawable Deposit Taking (NWDT) Sacco that provides innovative financial solutions to its members, is seeking to recruit a dynamic, visionary, and results-driven professional to serve as its Chief Executive Officer (CEO). Guided by strong cooperative values, the Sacco has grown into a trusted partner for members globally, offering deposit products, credit facilities, and investment opportunities. Through its wholly-owned subsidiary, the Sacco spearheads member-focused projects including land, housing, and other investments.
Job Role Purpose
The CEO will provide strategic leadership, operational oversight, and visionary direction to the Sacco. Reporting to the Board of Directors, the CEO will be responsible for ensuring sustainable growth, regulatory compliance, and exceptional member service. The CEO will also provide strategic oversight to the Subsidiary, ensuring its activities align with Sacco objectives and safeguard members’ investments.
Key Responsibilities
The CEO will:
- Lead the implementation of the Sacco’s strategic plan, ensuring alignment with mission and vision.
- Advise and support the Board on governance, compliance, and policy matters.
- Ensure compliance with SASRA prudential guidelines, AML/CFT frameworks, and cooperative laws.
- Oversee financial sustainability, budgeting, liquidity, investments, and banking relationships.
- Direct daily operations, ICT systems, and member service excellence.
- Champion diaspora recruitment, retention, and member education initiatives across global markets.
- Drive product development and innovation.
- Provide strategic oversight to the Subsidiary, ensuring governance, accountability, and member value.
- Lead, mentor, and develop Sacco staff, fostering a high-performance and ethical culture.
- Identify and mitigate risks, maintain a robust risk register, and ensure business continuity.
- Represent the Sacco at local and international forums, building strong partnerships and networks.
- Ensure timely financial, operational, and regulatory reporting, and maintain transparent communication with members and stakeholders.
Qualifications & Experience
- Master’s degree in Business Administration, Finance, Economics, Cooperative Management, or a related field.
- Bachelor’s degree in Commerce, Business, Economics, or related discipline.
- Professional qualification (CPA, ACCA, CFA, MSK, IHRM, ICM or equivalent) is an added advantage.
- Minimum 10 years of progressive leadership experience, with at least 5 years at CEO or senior executive level in a Sacco, financial institution, or cooperative.
- Strong knowledge of SASRA regulations, AML/CFT, diaspora financial services, and cooperative law.
- Proven track record in strategy execution, financial growth, governance, and innovation.
Core Competencies
- Visionary leadership and strategic orientation.
- Strong financial acumen and risk management expertise.
- Excellent governance, negotiation, and stakeholder management skills.
- Outstanding communication and interpersonal abilities.
- Member-centric mindset with demonstrated service orientation.
- Tech-savvy, with knowledge of Sacco MIS, digital banking, and fintech innovations.
Successful applicant will be required to meet the requirements of Chapter 6 of the Constitution of Kenya and will be expected to present the following documents within the first 3 months of engagement.
- Police clearance certificate (Certificate of good conduct).
- Tax compliance certificate from Kenya Revenue Authority (KRA).
- Clearance certificate from Ethics and Anti – Corruption Commission (EACC)/
- Clearance certificate from Credit Reference Bureau (CRB).
- Clearance certificate from High Education Loans Board (HELB).