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Banking Jobs in Kenya - SACCO

Stima Savings and Credit Cooperative Society Limited (Stima Sacco) is a leading country-wide, fast growing and licensed DTS (Deposit Taking Sacco) with an asset base of Kshs 20.5B, a loan book of Kshs 17B, and membership of 60,000 derived from the energy, utilities, services, small and micro enterprises (SMEs) and other sectors. 

Its key priority in the 2016-2020 Strategic Plan is to transform its business model and grow the business through innovative products, unparalleled customer service, aggressive resource mobilization and expanded distribution channels. 

In order to achieve the planned growth, the Sacco is looking for a qualified and competent professional to fill the following vacancy:

Executive Assistant to the CEO


Reporting to the Chief Executive Officer, the job holder will be responsible for providing comprehensive administrative support to the Chief Executive Officer. These include planning, organizing, directing and controlling in accordance with laid down policies and procedures, delegated authorities and guidelines.

Duties and Responsibilities
  • Ensuring the communication, planning schedules, appointments, meetings, reports and associated tasks are well organized in the Chief Executive Office.
  • Organizing management and board meetings
  • Managing and prioritizing workflows to ensure that meeting reports, minutes, correspondence and matters for attention are dealt with in a professional and timely manner.
  • General administrative support the Chief Executive Office in the controlling of daily activity, diary schedules and set up meetings as requested
  • Develop and maintain a contact database for clients, vendors, key stakeholders, regulators, etc. and ensure that this is updated on a regular basis.
  • Ensure all documents from Chief Executive Office are professionally styled and presented in accordance with corporate standards.
  • Draft routine correspondence on behalf of the Chief Executive Officer.
  • Verify all expenses and claims and forward to finance for payment.
  • Arrange for local and international travel, accommodation and visa arrangements.
  • Take care of parking arrangements and access control for external visitors.
  • Ensure that all physical and electronic records including company documents are safely kept and a record of the same retained at all times.
  • Arranging travel logistics for staff members which includes visa processing, flight and hotel bookings, scheduling of meetings/visits, co-ordination with travel agencies.
  • Screening telephone calls, enquiries and requests and delegating where appropriate.
Key Qualifications and Skills
  • A University Degree in Business Administration or related field.
  • Master’s in Business Administration an advantage.
  • At least five (5) years’ work experience in a reputable financial position in a similar or equivalent position.
  • Proven track record in successfully of working with a CEO/Director level functions in financial institution, and/or other related fields.
  • Excellent organisational and prioritisation competence, with attention to details.
  • Proactive attitude and ability to take initiative and work independently.
  • Excellent knowledge of computer applications.
  • A good team player/leader.
  • Strong interpersonal skills, outgoing personality, and ability to work independently and effectively under pressure and on strict deadlines and in a multicultural setting.
  • Excellent knowledge of computer applications.
  • Superior oral and written communication skills.

Sales Manager


Reporting to the Chief Manager Business Development and working closely with the Branch Managers, the job holder will have skills in negotiation, motivation for sales, planning and building relationships. 

The job holder will be a person with an interest in a member based Society, with a strategic outlook and exemplary execution skills.
 
Duties and Responsibilities
  • Determines annual unit and gross-profit plans by implementing sales strategies; analyzing trends and results.
  • Target markets segments with high profitability attractiveness to grow members.
  • Enhance current Sacco's capabilities to retain existing customers and acquire more customers from existing customer segments.
  • Implement customer lifetime value model and link these to pricing and sales strategy.
  • Develop and call on a qualified list of prospects and referral sources with calling activity goals.
  • Identify and enter into working relations with ecosystems' partners to offer a complete suite of financial solutions.
  • Demonstrate the ability to initiate, advance and close new business opportunities.
  • Pro-actively develop, cross-sell, present savings & financing ideas to clients and prospects with the goal of helping members achieve their short and long-term strategic initiatives.
  • Responsible for increasing annual net operating income of existing portfolio, as well as contributing toward the Sacco’s new business goals.
  • Establish sales objectives by forecasting and developing annual sales quotas for regions and segments; projecting expected sales volume and profit for existing and new products.
  • Maintain sales volume, product mix, and selling price by keeping current with supply and demand, changing trends, economic indicators and competitors.
  • Create innovative ideas for thought leadership and relationship-building events, strengthen Sacco brand awareness through active external organization and event involvement
Key Qualifications and Skills
  • KCSE Grade B- or its equivalent.
  • A Bachelor’s degree in Business, Sales, Marketing or other related fields from a recognized university.
  • A Sales certification will be an added is an added advantage.
  • A Master’s degree in a Business related field is an added advantage.
  • 5 years of direct client and/ or financial services experience in Sales or Relationship Management, three (3) of which should be at a supervisory level, preferably in a financial institution.
  • Contribute to maintenance of strong organization culture, values and reputation of the clients with all staff, customers, suppliers, partners and regulators.
  • Maintain a climate that attracts, retains and motivates top quality personnel through effective performance management, team leadership, coaching and mentorship.
  • Develop a deep understanding of the Society savings and credit products available to customers.
  • Must be a sales focused individual with strong financial acumen and well developed written and verbal communication skills.
  • Strong communicator with outgoing approach to proactively create client interactions.
  • Good interpersonal and negotiating skills.
  • Demonstrate management, analytical, organization and interpersonal skills.
  • Outstanding communications and listening skills, and demonstrated skills in client profiling.
  • Demonstrate a high level of independent judgement.

Credit Officers
 

Job Summary: Reporting to the Branch Manager, the job holder will be responsible for ensuring effectiveness and efficiency of all loan processes and procedures at the Branch. 

Duties and Responsibilities
  • Meet with applicants to obtain and compile copies of loan applicants' credit histories, financial statements, and other financial information for loan processing.
  • Appraising and advising members on loan eligibility.
  • Analyse applicants' financial status, credit, and property evaluations to determine member’s financial status.
  • Review loan applications to ensure that they are complete and accurate according to policy.
  • Coordinating the loan processing and advising members on loan approval status.
  • Ensuring compliance of loan procedures as per SASRA and other legal requirements.
  • Giving financial advice and information to potential clients.
  • Generating loans periodical reports for the branch manager.
  • Monitoring branch loan portfolio.
Key Qualifications and Skills
  • KCSE Grade B- or its equivalent.
  • Bachelor degree in Cooperative Business or Management or Business related field.
  • Diploma in business related field in combination with qualifying experience may be accepted in lieu of Bachelor’s Degree.
  • Post graduate Diploma in Micro Finance will be an added advantage.
  • Certified Credit Management will be an added advantage.
  • Proficiency in computer skills.
  • Five (5) years relevant experience at supervisory level, preferably in the financial sector.
  • A person of integrity, team player and have effective communication skills.
  • Excellent knowledge of computer applications.
  • A good team player/leader.
  • Strong interpersonal skills, outgoing personality, and ability to work independently and effectively under pressure and on strict deadlines and in a multicultural setting.
  • Excellent knowledge of computer applications.

Legal Officer


Reporting to the Manager Legal Services, the job holder will be responsible for provision of legal services to the Society on various matters, ensuring compliance with the legal framework, participating in the preparation of legal documents and briefs, handling litigation in court, preparation and analysis of cases for debarment hearings; and other duties as may be assigned by the Manager.

Duties and Responsibilities
  • To provide legal counsel and advise to Management on all litigations matters.
  • To assist the Manager Legal Services to draft, review and advice on commercial contracts and lease documents for the Society to ensure the Society’s interest is safeguarded.
  • To work in close liaison with external lawyers in all matters to ensure that the Society’s position is well represented/ defended.
  • To continuously review and advice on existing laws and their impact on the Society.
  • To manage the establishment and implementation of effective systems, procedures and standards of performance for activities in the department.
  • To coordinate and review all agreements/legal matters being handled by external service providers to ensure that the fees paid is competitive and in line with the market rates.
  • Interpret legal texts for the Society and assist management in interpreting and applying statutes, rules and regulations.
  • Represent the Society in judicial proceedings regarding enforcement of laws, rules and regulations.
  • Protect members and stakeholders rights, privileges and interests in intellectual property and other product innovations, processes through patents and copyrights and take the necessary action to protect and preserve such rights from infringement.
  •  Participate in settlement and arbitration of disputes to ensure compliance with the necessary Acts and related statutory requirements
  • Participate in the development of annual work-plans and budgets with a special focus on improving the Society’s legal and regulatory framework.
  • Support in planning and coordinating the Annual General Meeting (AGM).
Key Qualifications and Skills
  • KCSE Grade B- or its equivalent
  • Holder of Bachelor’s degree in Law (LLB)
  • Be an advocate of the High Court of Kenya in good standing.
  • Minimum of three (3) years’ post admission experience in providing commercial legal services.
  • Comprehensive understanding of Co-operatives Laws, Corporate law, Conveyancing and ability to keep abreast with evolving legal trends in banking and finance.
  • Good communication and presentation skills, research and analysis skills.
  • Comprehensive understanding of corporate law and ability to keep abreast with evolving legal trends in finance.
  • Good communication and presentation skills, research and analysis skills.
  • Demonstrate technical expertise in strategic change management, risk management, quality assurance as well as monitoring and evaluation.

Chief Manager, Finance
 

Reporting to the Chief Executive Officer, the Chief Manager Finance will be responsible for strategic financial planning and management, financial advisory, resource mobilization and reporting. 

The successful candidate will provide effective and efficient co-ordination and supervision of accounting, financial and treasury management through the development and implementation of sound accounting and financial systems and internal control procedures in accordance with regulations, standards and Sacco policies and procedures.

Duties and Responsibilities
  • Overall management and co-ordination of the finance division by leading, directing, planning and controlling of all aspects of reporting, budgeting, final accounts and liaison with internal and statutory auditors.
  • In liaison with the Chief Executive Officer (CEO), formulate corporate financial strategies, monitor and oversee their successful implementation and ensure compliance with approved policies and prudential regulatory standards.
  • Create and maintain strong financial discipline, provide periodic financial information and reports on the Sacco’s performance to the Board of Directors and the senior management team.
  • Maintain strong internal policies, processes and controls in order to provide timely, consistent and accurate financial, treasury and management information for effective decision making.
  • Maintain good working relationships with various stakeholders towards attainment of the Sacco’s corporate plans and investment programs.
  • Evaluate and measure finance & business performance against the Sacco’s strategic plan, make recommendations and presentations to enhance organizational performance to meet shareholders’ expectations.
  • Attend the Board Finance, Investments and Credit (FIC) Committee meetings as the Committee Secretary.
Key Qualifications and Skills
  • KCSE Grade B or its equivalent
  • A Bachelor’s Degree in Accounting, Finance or equivalent and a Master’s degree in Business Administration, Finance, Commerce, Accounting, or other related field.
  • A professional accounting qualification CPA (K), ACCA, ACA and a member in good standing of ICPAK for the last 5 years.
  • A minimum of ten (10) years working experience in financial management, 5 of which must be in a senior management level as a Finance Manager or its equivalent.
  • Knowledgeable in all aspects of financial institution, IFRS standards, and SASRA guidelines.
  • The ideal candidate will have experience of taking final responsibility for the quality and content of all financial data, reporting and coordination.
  • Ability to translate financial concepts and collaborate with other colleagues who do not necessarily have finance backgrounds.
  • A successful track record in setting priorities; keen analytic, organization and problem solving skills which support and enable sound decision making.
  • Maturity in negotiations with lenders, financial restructuring agencies will be an added advantage.
  • Ability to work collaboratively with employees across functions, cultures, and geographies.
  • Aptitude for understanding product functions and how they can solve customers’ problems.
  • Ability to convey information clearly and provide analysis as needed to help customers make buying decisions.

Chief Manager, HR & Administration

Reporting to the Chief Executive Officer the job holder will have a proven track record of providing leadership in strategic human resources management and administration in a financial institution and will be responsible for delivering the Society human resource and administrative strategies.

A key part of this role will be to provide leadership in change management, organisational development initiatives, ensuring staff motivation by creating a conducive working environment

Duties and Responsibilities
  • Lead and provide thought leadership in the development and implementation of human resource strategies, policies, and procedures to achieve Stima Sacco strategic objectives.
  • Develop Society human resources strategies through analysis, strategic thinking and direction and; establishment of human resources objectives in line with Society’s objectives.
  • Staff management involving implementation and analysis of performance, evaluation process, staff development programmes, managing the annual training budget, assessing competency, skill gaps, coordination of learning and motivational programmes.
  • Fostering the workplace environment consistent with Stima Sacco mission, vision and value; enabling motivation, productivity, loyalty and safety of employees in every area of the Society.
  • Ensure continuous development and maintenance of an effective performance management system.
  • Maintain a robust remuneration strategy and attractive terms and conditions of employment.
  • Lead and contribute to the development and implementation of appropriate change management initiatives.
  • Managing employee performance, conducting human resource audit and training needs assessment and staff development programmes.
  • Ensure efficient and effective administration services including maintenance of Stima Sacco property and offices.
  • Attend the Board HR Committee meetings as the Committee Secretary.
Key Qualifications and Skills
  • KCSE Grade B or its equivalent
  • A Bachelor Degree in Commerce/Business Administration/ or related field with a specialization in Human Resource Management.
  • A Master’s of Science/ MBA-Human Resource Management from a recognized university
  • A Professional qualification in human resources management and a member in good standing of IHRM for the last 5 years.
  • A minimum of ten (10) years’ experience in managing human resources and administration functions, five (5) of which must be in a senior management level.
  • The ideal candidate should also have the experience in spearheading HRIS systems implementation.
  • Be able to demonstrate evidence of inspirational leadership with the ability to lead in an environment of constant change.
  • Proven management skills including planning, supervision, mentoring and coaching.
  • In-depth knowledge of labour laws and other employment regulations.
  • Solid problem solving and business acumen skills.
  • Must demonstrate strong interpersonal skills with an ability to handle complex situations effectively while building cordial relationships.
  • Able to demonstrate good organizational, analytical and administrative skills.
  • Be fluent in written and verbal English with highly effective communication and influencing skills.
  • Strong strategic management and leadership skills.
  • A good team player with ability to manage and work with diverse Teams
  • The candidate should be of the highest ethical standards, integrity and professionalism.

Marketing Manager
 

Job Summary: Reporting to the Chief Manager Business Development and working closely with the Branch Managers the successful candidate will be required to have a breadth of skills across brand marketing, branch management and product development with great insight and intuition. 

In particular the job holder will be a person with an interest in a member based Society, with a strategic outlook and exemplary execution skills.
 
Duties and Responsibilities
  • Develop and provide leadership in implementation of marketing and communication strategy to achieve the Society’s business and corporate strategies.
  • Contribute to the development and refinement of the Society’s marketing vision and strategy.
  • Lead the marketing function and identify, analyze and implement new business growth opportunities.
  • Implement marketing, advertising and promotional tasks and carry out effective management of the marketing, advertising and promotional activities in the Society.
  • Support creation of data-driven, dynamic, ‘voice-of-the-customer’ marketing strategies and tests that deliver against Return on Investment (ROI) targets through a segmented customer base across marketing channels.
  • Ensure consistent brand messaging across TV, print, radio, outdoor, digital and social media marketing channels.
  • Provide feedback into product development and service offers; participate in their development and collaboration to create, launch and track performance of product and service offerings in our markets.
  • Preparing annual marketing plans and forecasts for the Society.
  • Evaluate marketing effectiveness by allocating, managing and monitoring advertisement and promotion budgets periodically.
  • Direct and analyze regular market research to develop insights for product development, brand positioning and brand equity growth.
  • Carry out market intelligence and surveys; accelerate growth in membership and product uptake.
  • Execute online and offline marketing initiatives, integrating online and new media, email, print, direct mail, social media, company websites, branch awareness and other marketing initiatives.
Key Qualifications and Skills
  • KCSE Grade B- or its equivalent.
  • A Bachelor’s degree in Marketing or other related fields from a recognized university.
  • Chartered Institute of Marketing professional qualification.
  • A Master’s degree in a Business related field is an added advantage.
  • Five (5) years of relevant experience, three (3) of which should be at a supervisory level, preferably in a financial institution.
  • Develop a deep understanding of the Society savings and credit products available to customers.
  • Practical experience in the application of digital marketing and social media as part of the integrated marketing campaigns.
  • Strong execution skills with proven experience in multi-project execution and management.
  • Strong interpersonal skills and ability to work well with diverse cross functional teams.
  • Able to demonstrate a high level of independent judgement, strong leadership skills and ability to influence.
  • A start-up personality, entrepreneurial, ambitious, independent, detail oriented, proactive, flexible and resilient.
  • Excellent problem solving and analytical ability in cross-functional and multi-cultural environment; able to define problems, collect relevant data, extract meaning and draw valid conclusions.
  • Experience in effectively managing budgets, financial reporting and setting up effective metrics and business processes.
  • Tenacity and resolve to work in a fast paced environment.
  • Excellent oral, written, analytical and communication skills.
Qualified applicants should send their Application Letter and Detailed CVs to marketingmanager@stima-sacco.com on or before 5pm on 26th February 2016 indicating the position applied for as the subject line.

Only Shortlisted Candidates will be contacted.

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