The Sacco Chief Executive Officer is responsible for providing strategic leadership, overseeing daily operations, ensuring financial sustainability, marketing and driving growth in line with the Sacco’s mission and objectives. Reporting to the Sacco Board of Directors, the CEO works closely with stakeholders to enhance member value, operational efficiency, regulatory compliance, and strategic marketing initiatives to ensure long-term growth and stability.
Key Responsibilities
Policy Implementation: Implement Board-approved policies, strategies, and resolutions effectively.
Regulatory Compliance: Ensure full compliance with SASRA (Sacco Societies Regulatory Authority), the Cooperative Societies Act, and other applicable Kenyan laws.
Financial Management: Oversee financial health, budgeting processes, and the prudent use of organizational resources.
Leadership: Lead, motivate, and manage staff performance and professional development.
Growth & Development: Enhance member growth, product development, and overall service delivery standards.
Stakeholder Engagement: Represent the Sacco in engagements with regulators, partners, and other external stakeholders.
Reporting: Prepare and present accurate management and statutory reports to the Board of Directors.
Requirements and Qualifications
Education: Bachelor’s Degree in Business Administration, Commerce, Finance, Accounting, Economics, Cooperative Management, or a related field from a recognized institution.
Advanced Education: A master’s degree (MBA or related) is an added advantage.
Certifications: Professional qualification and membership in a recognized body such as CPA (K), IHRM, or equivalent.
Overall Experience: At least 10 years of relevant work experience.
Senior Experience: Minimum of 5 years in senior management or executive leadership, preferably within Saccos, financial institutions, microfinance, or the banking sector.
Key Skills and Competencies
Technical Proficiency: Proficient in Microsoft Office suite.
Strategic Leadership: Ability to facilitate the development and implementation of strategic plans, visionary thinking, and driving organizational growth.
Change Management: Proven ability to adapt to changing market conditions.
Management: Strong people management and organizational development skills.
Innovation: Expertise in business growth, innovation, and digital/technological competence.
Marketing: Proven ability to develop and execute marketing strategies to attract and retain members.
Risk Management: Robust financial and risk management skills.
Customer Focus: Excellent customer service commitment to ensure member satisfaction.
How to Apply
Interested and qualified candidates should apply through the Co-operative Bank of Kenya recruitment portal. You can access the application link directly at https://www.myjobmag.co.ke/apply-now/1168438 or visit the company website at www.co-opbank.co.ke for further details.
