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.
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:
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 Financial statements
2. Fund sourcing
o Budget
o Reports to board
o 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
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.
Interested candidates who meet the above required
qualifications and experience should submit on or before 14th February, 2012 at
4.00 p.m. a cover letter, detailed Curriculum Vitae (CV) listing
three professional references (including a recent supervisor) to hrkenya@ke.mercycorps.org
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
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