Chief Executive Officer Job in Kenya

A fast growing dynamic Micro finance institution, in the final stages of obtaining a deposit taking license from CBK to become a DTM, is seeking a competent, focused and results oriented officer.

They must be mature graduates, able to lead a large team and have extensive leadership and people skills, marketing and business generation experience of 10+ years preferably in a financial services and microfinance with proven track record.
The selected candidate has to be self driven and capable of managing their own schedules and obtain results as well as deliver expected outputs with no supervision.


The person will be reporting to the Board
Requirements
The selected candidate is expected to be fully familiar with the following:-

·         Microfinance credit and lending operations and group management.

·         Management of a large team of people

·         An understanding of deposit taking operations.  Persons with experience in a Deposit taking Microfinance environment will have a distinct advantage

·         Thorough understanding of operating and compliance aspects of financial institutions e.g.

The selected candidate will assist U& I Microfinance Ltd in detailed and continuous review both of a transactional and risk based internal audit of the company.
She/he shall review transactions in all areas covering but not limited to:-
Accounting and Records

·         Routine financial transactions in the various ledgers

·         Integrity of sampled records. The job holder will be expected to work their own programme and in many cases do 100% sampling.

·         Application of the materiality concept in various transactions

Financial Control

·         Review of  variance Reports

·         Review and authentication of Reconciliation reports

·         Regular review of budgets

·         Review of adherence to financial and accounting policies

·         Review of management cost control

Non Performing Loans

·         Review of the integrity of the loan approval process and transactions

·         Review of the collection process

·         Review of PAR Reports

Revenue and Cost Management

·         Review of revenue collection and accuracy

·         Review of system leakages in revenue collection

·         Review of cost management processes in place

Asset Management

·         Continuous review of Asset sweating and use

·         Review of portfolio of assets and exposure levels

Regulatory and Compliance

·         Review of adherence to regulatory requirements including statutory remittances like PAYE, NHIF, NSSF, Corporation Tax, W/Tax etc

·         Review of timely payments of rents, staff, and supplier payments

·         Review of statutory submissions of returns to regulators e.g. CBK, Registrar of Companies

Risk management

·         Review of application of various Accounting Standards in Risk Management

·         Review of asset quality, e.g. Loans, Investment portfolio etc.

·         Review of processes on a continuous basis

·         Review of ICT systems and the transactional processes

·         Review of COB and BCP processes monthly

·         Review and detection/sealing of possible loopholes in fraud management

·         Liaising with Credit Risk team to ensure no unnecessary exposure to possible bad debts

·         Conducting Monthly and/or periodic cash checks

·         Conducting Monthly and/or periodic customer visits

Interested candidates are requested to submit their CVs by e-mail to careers@uni-microfinance.co.ke not later than Tuesday 24th January 2012.