The History of KRB dates back to 1992 when the Kenya Government together with the Road Maintenance Initiative (RMI) World Bank team hosted a Road Sector Stakeholders Seminar, to address the deteriorating condition of the road network in Kenya and the constraints to timely and proper road maintenance. The identified constraints were institutional, managerial and financial. It was resolved that a sustainable source of funding be established and the existing road management institutional set-up be reviewed. In 1993, the Road Maintenance Levy Fund (RMLF) Act was enacted, providing a sustainable source of funding for the maintenance of the road network. In 1995, with assistance of the European Commission, the Road Sector Institutional Study was commissioned.
The Board seeks to recruit a dynamic, experienced and results-oriented person to the position of Executive Director.
The Executive Director shall be responsible for the day-to-day management and operations of KRB, implementation of the decisions of the Board and control of all functions and assets of KRB under the statutory supervision of the Board. Under the provisions of the Act, the Executive Director is an ex-officio member of the Board and is its Secretary.
Duties and Responsibilities:
Duties and Responsibilities at this level among others include:
- Formulation and implementation of plans and strategies to achieve KRB mandates in accordance with the Act;
- Financial Modeling – developing financial strategies for the Board, overseeing suitable funding initiatives such as bond programmes, offering advice on investment matters, and detecting financial risks, setting quantum and tenors of borrowings, matching revenue streams with commitments;
- Preparation of business and corporate plans for Board approval;
- Preparation and submission to the Board of consolidated annual work programmes and revenue estimates;
- Preparation of annual budgets and financial reports of KRB Operations and KRB Fund;
- Evaluation and execution of the roadwork programmes and preparation and submission to the Board of monthly financial and operational reports;
- Monitoring and evaluation of approved annual public roads programmes (through technical compliance, performance and financial audits) and submission of regular reports to the Board;
- Supervision of consultants commissioned to carry out activities on behalf of KRB;
- Motivating and managing KRB staff towards achieving the Board’s objectives and building a high performance team culture;
- Compliance with all relevant statutory requirements;
- Any other duties assigned by the Board.
Mandatory Requirements:
- Degree in Finance, Accounting, Law or Engineering from a university recognised in Kenya;
- Knowledge of the Road Sector and at least ten years’ experience in a relevant field;
- Must have served in a senior management position for a period of at least five years; and
- Must satisfy the requirements of Chapter Six of the Constitution.
Other Requirements:
- Be a Kenyan citizen;
- Professional qualification and membership to a professional body;
- Valid and current practicing certificate issued by a professional body;
- Possession of MBA or advanced degree will be an added advantage;
- Financial expertise, knowledge of Road Financing, Capital Markets, Bonds and Syndicated Loans;
- Proven ability to translate initiatives into achievable action plans;
- Ability to build effective networks and partnerships with stakeholders;
- Outstanding communication and motivation skills;
- Good computer working knowledge;
- Good working knowledge of the Public Sector;
Terms of Service:
The Executive Director will serve on contract for a period to be determined by the Board in the instrument of appointment or otherwise in writing. The successful candidate will be offered a competitive remuneration package, including house allowance, medical benefits, gratuity and other benefits in accordance with State Corporations Advisory Committee and Salaries Remuneration Commission guidelines.
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