Sacco Chief Executive Officer (REF: CBI/KMA/CEO/04/25)

Job Ad expires on April 30th, 2025

Our client, KMA Regulated Non-WDT Sacco, is the single largest niche financial service provider for doctors by doctors in Kenya. Having been established in 1998, it has since grown to be a trusted financial service provider within its target market.
As the Sacco embarks on its next chapter of growth and innovation, it seeks a transformative Chief Executive Officer that thrives on change propelling it forward as a premier institution that delivers lasting impact.

Sacco Chief Excutive Officer (REF: CBI/KMA/CEO/04/25)

Job Purpose

Reporting to the Board of Directors the Chief Executive Officer is expected to shape and drive strategy, set the tone for a culture of innovation and excellence, and embody the institution’s core values.
In addition, they are expected to propel the Sacco forward through exceptional business development and expansion efforts, oversee operations of the SACCO and its subsidiaries to achieve sustained growth.

Key Responsibilities

• Providing visionary and strategic leadership of the Sacco including setting strategy and giving direction on the execution of plans in furtherance of the defined vision, mission, purpose and objectives.
• Spearheading new initiatives and overall business development across various segments.
• Foster a customer-centric culture to enhance member satisfaction and loyalty.
• Build and maintain strong relationships with members, employees, and regulatory bodies.
• Lead the development and provision of high-quality products and efficient and value-adding services to members to enhance market share and revenue command of the Sacco.
• Identify and pursue new business opportunities to expand the Sacco’s services and reach.
• Overseeing the complete, sound and effective operations of the institution per the direction established in the strategic plan, regulations and policies.
• Develop and implement policies and procedures that run the Sacco affairs efficiently and effectively.
• Establishing and maintaining strategic partnerships as well as internal and external relationships.
• Be responsible for the management, development & maintenance of high-performance teams by providing transformative leadership & effective supervision, guidance, and mentorship of staff.
• Ensure compliance with all statutory and regulatory requirements of the Sacco, including but not limited to the code of conduct, the Sacco Act, by-laws, the SASRA Act, and cooperative rules.
• Reporting to and advising the Board of Directors on the execution of strategies and plans as well as overall operations and management of the Sacco.

Relevant Qualifications & Experience

• A bachelor’s degree, preferably in business, finance or marketing-related fields.
• A Master’s degree in a relevant field.
  At least seven years of working experience as a CEO or in a senior management role, preferably within the co-operative movement.
• Minimum of CPA(K) and a member in good standing.
• Demonstrated success in driving growth and improving organizational performance.
• Sound knowledge of Saccos’ regulations and the regulator’s (SASRA) guidelines on Saccos.
• Comprehensive knowledge of the Sacco business model & other operational issues of the Sacco.
• Proven proficiency in utilizing computerized accounting systems to streamline financial operations and enhance decision-making.
• Excellent analytical, communication, and writing skills.
• Agent of transformation – introducing and implementing institutional changes and organizational development strategies.
• Impeccable integrity and commitment to ethical values and standards.
• Adept at providing visionary leadership on talent and people management.
• Capability in strategy formulation and execution, change management and performance management.
• Skilled in inspiring and directing cross-functional teams.
• Excellent organisational and interpersonal skills.
• Possess dynamic entrepreneurial insight with strategic competence.
• Membership of relevant professional bodies e.g. ICPAK, MSK, IHRM, ICPSK etc.

The successful applicant will be required to meet the requirements of Chapter 6 of the Constitution of Kenya by submitting the following documents:

• 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).