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 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.
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.
Chief Executive Officer, Tahidi Youth Fund (TYF)
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
- Business
plan
- Budget
- Reports
to board
- Financial
statements
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
- Up to
date microfin model
- Variance
from planned growth
- 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;
- Budget
variance
- 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
- Portfolio
at risk
- Loan
loss
- Audit
reports
- Debt to
equity
- 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
- All
manuals in place and updated and in use
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
- Ratings
review of management
8. Compliance to
regulations
- Ensures
that the institution complies with each of the requirements of the Central
Bank of Kenya and other regulators
- Audit
and regulatory reports
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)