Vacancy Announcement: Chief Executive Officer, Tahidi Youth Fund (TYF)
Mercy Corps has recently been awarded a 3-year program under USAID’s Yes Youth Can initiative, covering six regions in Kenya; Western, Nyanza, Rift Valley, Central, Nairobi and Coast.
The core of this program is a Youth Innovate for Change Fund (YICF), which will be a youth-owned, youth-led and youth-managed financial facility to support local solutions for community economic development as it grows in value.
This
program aims to appropriately empower Kenyan youth (15-35yrs) to
strengthen their socio-economic and political stakes through youth-led
and managed initiatives and institutions.
The YICF will in the first three years provide sustainable financial and skills development assistance to approximately 200,000 youth through a variety of youth-identified social and economic community development projects.
Purpose of the position:
Mercy Corps has recently been awarded a 3-year program under USAID’s Yes Youth Can initiative, covering six regions in Kenya; Western, Nyanza, Rift Valley, Central, Nairobi and Coast.
The core of this program is a Youth Innovate for Change Fund (YICF), which will be a youth-owned, youth-led and youth-managed financial facility to support local solutions for community economic development as it grows in value.
This
program aims to appropriately empower Kenyan youth (15-35yrs) to
strengthen their socio-economic and political stakes through youth-led
and managed initiatives and institutions.The YICF will in the first three years provide sustainable financial and skills development assistance to approximately 200,000 youth through a variety of youth-identified social and economic community development projects.
Purpose of the position:
- Implement the strategic goals and objectives of TYF;
- Give direction and leadership toward the achievement of TYF vision, mission, strategy, and its annual goals and objectives;
- Represent TYF and strive to build a positive image in all relevant media.
Major Responsibility
1. To ensures that the vision, and mission, purpose, goals, objectives, outputs and policies set by the Board are fully implemented, complied with and met;
1. To ensures that the vision, and mission, purpose, goals, objectives, outputs and policies set by the Board are fully implemented, complied with and met;
- Develops, monitors and implements annual and three year business plan
- Reports to the board regularly both in written and verbal form
- Develop with BoD key performance indicators
o Business plan
o Budget
o Reports to board
o Budget
o Reports to board
Financial statements
2. Fund sourcing
2. Fund sourcing
- Develops, acquires and maintains the necessary grants, credit lines, and other financial and non-financial resources necessary to meet TYF ’s objectives
- Develops realistic funding projections to meet the needs of the business.
- Negotiates effectively with creditors, grant bodies and other financial institutions
o Up to date microfin model
o Variance from planned growth
o Growth in long & short term liabilities and donated equity.
3. Financial Management
o Variance from planned growth
o Growth in long & short term liabilities and donated equity.
3. Financial Management
- Coordinates the budget planning process with the different departments.
- Ensures that annual financial report and budget are prepared for the board on time.
- Recommends yearly budget for Board approval and prudently manages TYF ’s resources within those budget guidelines ;
o Budget variance
o Budget approved on time
4. Risk management
o Budget approved on time
4. Risk management
- Ensures that all lending is prudently disbursed.
- In coordination with the various departments, establishes and maintains an effective internal control and risk management system
o Portfolio at risk
o Loan loss
o Audit reports
o Debt to equity
o Cash ratio
5. Community and Public Relations
o Loan loss
o Audit reports
o Debt to equity
o Cash ratio
5. Community and Public Relations
- Ensures that TYF and its mission, programs, products and services are consistently presented in strong, positive image to relevant stakeholders; Develops networks and strategic alliances to positively influence the economic policies; Manages Cooperation agreement with World Vision and ensures compliance
6. Policy formulation and implementation-
- Formulates and implements guidelines, procedures, internal regulations that are consistent with the policies set forth by the Board of Directors and industry regulators
o All manuals in place and updated and in use
7. Institutional strengthening and capacity building-
7. Institutional strengthening and capacity building-
- Facilitates growth of Senior Management Team into a team that is capable of fostering TYF ahead in accordance to the Strategic Direction and Business plan
o Ratings review of management
8. Compliance to regulations
8. Compliance to regulations
- Ensures that the institution complies with each of the requirements of the Central Bank of Kenya and other regulators
o Audit and regulatory reports
9. Achievement of targets and strategic goals
9. Achievement of targets and strategic goals
- Leads the institution in achieving the targets as defined and agreed in the business plans, as well as in accomplishing TYF ’s strategic goals
- Business plan
10. Appointing authority
- Approves and confirms staff appointment, promotion, demotion, and transfer
- Ensures HR processes in place
- Succession planning in place
Qualifications: Knowledge and Technical Skills:
The following may be acquired through a combination of formal or self-education, prior experience or on-the-job training:
The following may be acquired through a combination of formal or self-education, prior experience or on-the-job training:
- Minimum a Masters degree in Business Administration, Finance, Accounting, Management or some other related field
- Must have at least five year working experience in middle management in a combination of the following: micro-enterprise lending organization, banking institution, a progressive corporate environment, international business, or economic and business development institution.
- Must have a clear understanding and experience of microfinance industry and technology
- Determined personality with initiative, perseverance and the ability to motivate and manage a team
- Capability and willingness to lead the organization forward
- Ready to comply and live up to and in accordance with the organization Ideals and Core Values
- Be a good trainer, facilitator, mentor, and coach
- Very good communication and marketing skills
- Good knowledge in economic and financial topics
- Good analytical and problem solving skills
Office: Chief Executive Officer, Tahidi Youth Fund (TYF)
Reports To
Reports To
- Interim: Yes Youth Can National (YYCN) Fund Manager;
- Medium and Long Term: TYF Board of Directors
Supervises
- TYF Senior Management Team
Working Environment / Conditions:
- Office environment: typical office based (choose one or combination)
- Travel: 40% Domestic/international travel is required.
- On call: all hours to deal with organizational emergencies if and when such situations arise.
Applicants must clearly indicate on the email subject “Application for the position of CHIEF EXECUTIVE OFFICER”
Applications without this subject heading will be disqualified.
Please do not attach any certificates.
ONLY Qualified short-listed candidates will be contacted
