Mercy Corps Tahidi Youth Fund Chief Executive Officer Job in Kenya

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.

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;

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:

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

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)