the Agricultural Finance Corporation (AFC) is a Government owned Development Finance Institution (DFI) mandated “to assist in the development of agriculture and agricultural industries by making loans to farmers, co-operative societies, incorporated group representatives, private companies, public bodies, local authorities and other persons engaging in agriculture or agricultural industries”.
The Board of AFC is seeking to recruit a Chief Executive Officer to carry on the corporation’s mission to provide customer focused and sustainable financial services to the agricultural sector in Kenya and sustain momentum for providing agriculture services towards a sustainable future.
Overall Objective
Reporting to the Board of Directors, the Chief Executive Officer will provide leadership to the executive team of the corporation and will have responsibility of the functions of the corporation including overall accountability for operational and strategic performance of the corporation and the realisation of its statutory mandate.
Tasks and Responsibilities
- Lead in the development of the corporation’s strategic business plan ensuring alignment with the statutory mandate;
- Ensure realization of the Corporate Strategic Plan and other annual plans and delivery of key result areas;
- Establish a sound financial position for the corporation, maintaining a balanced and sustainable short and long term P&L responsibility;
- Prepare annual budgets for approval by the Board and ratification by Government, and develop a sound capital and liquidity ratio, ensuring continuous reviews and strengthening of internal controls;
- Ensure continuous improvement of the capacity and skills of the corporation’s team, effective Human resource management; and foster a culture that mainstreams gender across the functions and operations of the Corporation;
- Establish and ensure diligent service to the Corporation’s clients by championing delivery models that ensure speed of service to clients, convenience and transparency;
- Maintain robust partnerships with development partners and other non-state actors, and continually reposition the corporation as a tool to catalyse both public and private sector investments; and
- Identify principal risks likely to affect the corporation, and establish robust internal mechanisms to mitigate them.
Requirements
- Be a holder of a Bachelor’s Degree and a Master’s Degree in a relevant field from a recognized university;
- Have at least Fifteen (15) years’ work experience in Banking either Development Finance and/ or Agrifinance industries, with not less than five (5) years spent in a senior leadership role (s);
- Possess valid membership to a relevant professional body and be of good standing;
- Have practical knowledge and experience in credit risk management, lending and resource mobilisation;
- Be a trans-formative leader who is visionary, change ambassador, people leader and business driver; and
- Be highly networked with ability to foster strategic relationships and partnerships.
Benefits
This appointment is on contractual terms for a period of three (3) renewable for one (1) further 3 year term, subject to performance and relevant public service regulations governing staff tenure.
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