Chief Executive Officer

Closing Date: 
Monday, November 20, 2023
Location of the Job: 
Kenya

A Job vacancy has arisen within Letshego Kenya Limited for the role of Chief Executive Officer.

 

  1. Position Requirements

 

5.1 Education

Master’s Degree in Business / Finance or equivalent.

5.2 Experience

Minimum of 15 years in Financial Services organisation with at least 5 years at Executive Management level.

Prior experience in microfinance will be an added advantage.

5.3 Certifications

Member in good standing of a relevant professional institute.

5.4 Knowledge

Knowledge of profit and loss, balance sheet and cash flow management and general finance and budgeting.

Familiarity with diverse business functions such as marketing, PR, finance etc.

In-depth knowledge of corporate governance and general management best practices

In-depth knowledge and experience in multi-currencies and foreign exchange management.

Knowledge of fintech, mobile micro solutions such as e-wallets,    

mobile savings and commercial/retail/agency/transactional banking operations and solutions.

 

5.5 Skills

Ability to lead and build consensus and relationships among multi-disciplinary executives, partners, and the workforce, including management team leadership

Experience in developing profitable strategies and implementing vision.

Excellent communication and public speaking skills

An entrepreneurial mindset with outstanding organisational and leadership skills.

 

 

  1. Main Purpose (Why does this job exist)

 

To provide leadership to Letshego Group’s subsidiary and mobilise the country personnel to achieve its strategic objectives set by the Group and Local Board. Responsible for the country's ongoing performance and management to produce maximum shareholder value consistent with observing its obligations to all its stakeholders.

 

  1. Critical Deliverables /Core Accountabilities and Responsibilities

 

  1. To be fully responsible for the Profit & Loss of the country Business Unit.
  2. Board administration and support: Supports operation and administration of the Board by advising and informing Board members, interfacing between Board and staff, and supporting the Board's evaluation of the business.
  3. Stakeholder Engagement and Management: Leads the practical engagement with stakeholders to understand issues and develop relationships, mainly clients and customers, employees, governments and regulators, business partners, the media, special interest groups who have legitimate concerns or involvement and the communities in which the subsidiary operates.
  4. Supports the engagement and development of relationships with third parties to ensure viability and competitiveness in a changing business environment.
  5. Strategy and Management: Develops the country's design for Board consideration and approval and leads the Executive Team in effecting the Board's, and where applicable, its Committees' decisions, including delivering the strategy.
  6. Ensures the subsidiary's businesses and operations are within legal and regulatory requirements.
  7. Governance: Supports the country's Chairman and Head of Legal and Compliance concerning all aspects of corporate governance. 
  8. Financial Management: Recommends yearly budget and capital appropriations for the subsidiary and local Board approval and prudently manages resources within those budget guidelines.
  9. Maintains and improves operational performance.
  10. People: Articulates the culture of Letshego and leads a positive work environment.

 

  1. Key Performance Indicators
    1. Budget Plan vs Expenditure
    2. Operational Scorecard i.e. Strategy Management (Execution of our 6-2-5 Plans)
    3. Employee Engagement
    4. Market capitalisation
    5. Revenue growth and profitability
    6. Capital expenditure
    7. Operational expenditure
    8. Operational efficiency
    9. People productivity

 

  1. Complexity of the Role
    1. Ability to make quick decisions as possible.
    2. Ability to keep tabs on a multifunctional budget and spending.
    3. Ability to communicate well and motivate a multicultural and diverse team (skills, levels and geographical locations).
    4. In a technological environment, need to be adept with technology.
    5. Balancing sufficient yield in the present with necessary investment in the future.
    6. Shaping the values and standards of the organisation.