The Higher Education Loans Board (HELB) was established in 1995 through an Act of Parliament CAP 213A of the laws of Kenya. The mandate of HELB is to source for funds and provide financing (through loans, scholarships and bursaries) to Kenyans pursuing higher education in institutions of higher learning in and outside Kenya as recognized by Commission for University Education (CUE) and/or the Technical, Vocational Education and Training Authority (TVETA), and recover funds loaned to create a National Revolving Fund. HELB is an innovative institution in the education sector whose focus is to leapfrog how Financing higher education is executed in Kenya by amalgamating public and private sector resources in the country.
HELB is seeking to
recruit competent, self-driven individuals with an innate dynamism towards the
success and fulfilment of HELB’s mandate and objectives. The successful persons
to fill the positions will join a highly performing team should not only be
passionate, innovative, and qualified but also, be of high integrity, highly
competent, have high dependability and high emotional intelligence, excel- lent
interpersonal & communication skills, self-driven with innate dynamism and
able to demon- strate strong leadership skills.
CHIEF FINANCE OFFICER (CFO) –
HELB GRADE 2
Job Purpose
Reporting to the Chief Executive
Officer, Chief Finance Officer (CFO) is responsible for
providing leadership in prudent financial management, planning and development
of financial and operational strategy, regulatory and financial reporting of a
balance sheet of over Kshs.93 Billion, formulation of an annual budget of over
Kshs.19 Billion and efficiently managing Treasury Operations to generate annual
income of over Kshs.90 Million from short-term placement by developing risk,
internal control policies & procedures to preserve the institution’s
assets, while ensuring alignment to the core mandate.
Key Duties and
Responsibilities
- Overseeing the development and implementation of
sound financial and accounting policies in compliance to the Constitution,
Public Finance Management (PFM) Act 2012 and other rele- vant legal
frameworks to enhance accountability and transparency, preparation of
estimates of expenditure and revenues of the institution in conformity
with the Strategic Plan and The National Treasury guidelines, formulation
of the institutional annual budget of over Kshs.19 Billion to enhance
planning and control of the institution’s finances appropriate financing
of the institution’s operations;
- Overseeing the reporting of financial operations
of the institution, devolved units and diaspo- ra operations in accordance
with the Public Finance Management (PFM) Act 2012, Interna- tional Public
Sector Accounting Standards (IPSAS) to ensure compliance, facilitating
collabora- tions and partnerships with financial institutions for management
of Institution’s funds and sponsorship of events that lead to cost
management;
- Overseeing the valuation of the Institution’s
assets worth over 1billion to ensure that
- they are fairly valued, development of appropriate
key performance indicators to monitor and
- drive the financial performance of the
Institution, providing leadership and professional ad- vice on all
Financial Strategic Planning issues and supporting strategic initiatives
to ensure that adequate resources are assigned for execution of the
institution’s strategy;
- Overseeing the formulation and implementation of
financial performance measures that sup- port the Institution’s strategic
direction to enhance performance, formulation of policy guide- lines
including risk analysis for short-term placements that generate returns of
over Kshs.90 Million to achieve optimal returns, driving cashflow
forecasting to ensure tracking of the ex- pected cash movements over a
period of time in the future and to ensure adequacy of financial
resources;
- Overseeing the maintenance and strengthening of
internal controls to prevent and detect fraud and corruption, development
of the directorate’s Quality Management Systems (QMS) to streamline
internal processes and ensure consistency in the day-to-day operational
activities and providing leadership in the management of the institution’s
assets worth over Kshs.93 Billion to ensure achievement of value for money
in acquiring, utilization and disposal of the assets, improve cost
efficiency and formulation of interdepartmental Service Level Agree- ments
(SLA’s) to enhance service delivery;
- Overseeing the formulation and implementation of
Directorate work plan to ensure efficient and effective execution of
Institutional strategy, spearheading the implementation of the En-
terprise Risk Management framework for governance and risk compliance
within the Direc- torate and participating in Association of African
Higher Education Financing Agency (AAHEFA) finance committee for bench
marking on best practices;
- Driving key roles in various committees in the
Institution to realize corporate objectives, overseeing the development of
financial statements with a balance sheet of over Kshs.93 Bil- lion that
comply with requirements of The National Treasury and International Public
Sector Accounting Standards (IPSAS), ensure the information communicated
to the public fairly por- trays the position of the institution and
translating strategy into actionable goals for perfor- mance and growth,
ensure implementation of Institution-wide goal setting, performance
management and directorates’ action plan;
- Overseeing implementation of accounting and
operational standards to ensure adherence to best practices and relevant
laws and regulations, driving development of accounting systems which ensure
that all financial and accounting records are adequately protected, backed
up thus enhancing the integrity of the institutions financial information
and directing the imple- mentation of annual business plans to ensure that
they are in line with the Institution’s strate- gic plan;
- Spearheading the generation of short-term
placement proposals to optimize returns and bal- ance sheet growth,
coaching and mentoring strategies to unlock staff potential to boost
productivity, overseeing all expenditure incurred by the entity to ensure
compliance with the Public Finance Management PFM Act 2012 and overseeing
the development and implementa- tion of financial and tax management
strategies to ensure tax efficiency and
- Overseeing the directorate people management to
ensure succession planning, monitor per- formance and build working teams
and participating in key decisions as a member of the sen- ior management
team on financial
Qualifications
- Bachelor’s Degree in Business related field such
as Commerce, Accounting and Finance or its equivalent from a recognized
institution;
- Master’s Degree in a business-related field such
as Commerce, Accounting, Finance and equiv- alent qualification from a
recognized institution;
- Certified Public Accountant of Kenya (CPAK)or Association
of Chartered Certified Accountants (ACCA) or Certified Financial Analyst
(CFA);
- Member of Institute of Certified Public
Accountants of Kenya (ICPAK) or any other relevant professional body and
in good standing;
- At least fifteen (15) years’ relevant work
experience five (5) of which should be in a senior management level in a
comparable
- Leadership course lasting not less four (4) weeks
from a recognized institution.
How to Apply
Detailed job
requirements, duties and responsibilities for this position are accessible
online through HELB’s www.helb.co.ke or jobs portal.
If you believe you can
clearly demonstrate your abilities to meet the criteria given above, please
send your application, copy of identity card, detailed Curriculum Vitae,
relevant copies of testimonials certificates, daytime contact, and contacts of
three referees, to reach the office of the Chief Executive Officer to P.O Box
69489 – 00400, Anniversary Towers, 18th Floor, Nairobi or email to recruitmentcfo@helb.co.ke not later
than 6th April, 2021.
