Chief Executive Officer

The Kenya National REITS is a company limited by guarantee registered in 2023 with a mandate of accrediting all REITS licensed by the Capital Market Authority for the development of affordable housing and infrastructure.

The company has a Board of Directors and is recruiting a Chief Executive Officer who will provide leadership to the company.

Terms of Service

The successful candidate will be appointed for a three (3) year term on such terms and conditions of employment as the Board may determine and shall be eligible for re- appointment for one further final term subject to satisfactory as approved by the Board.

A competitive remuneration package will be offered.

Job Summary

The Chief Executive Officer of KNR shall coordinate all the activities of the Secretariat and serve as a link between the Board and the Secretariat.

He / she will be responsible for the affairs and transactions of the Company, the exercise, discharge and performance of its objectives and functions, and the general administration of the Company.

He / she will be responsible for overseeing the implementation of policies, procedures and guidelines to ensure all KNR operations conform to regulatory and statutory requirements in place.

The Chief Executive will, in addition, deal with the implementation of KNR Strategy and drive the business issues that arise and challenge performance of the Company.

Job Profile

Reporting to the Board of KNR, the Chief Executive Officer shall perform the following

You can get further details about the nature of this opening, and what is expected from applicants, by reading the below.

major duties and responsibilities :

Duties and Responsibilities

Function of coordinating activities of the Secretariat

• Provide leadership in attainment of Corporate Vision, Mission and Objectives of the Company;
• Formulate and implement the Company’s policies and broad objectives in consultation with the Board;
• Provide leadership in implementing Board decisions in governing the Company;
• General oversight in management and administration of all the Company’s operations and activities;
• Promote the Company’s image, harmony and cohesiveness internally and develop good working relationships with external stakeholders and customers / members;
• Lead, in consultation with the Board, the development of the Company’s strategic objectives and business plans alongside the corporate budget and including both short and long term planning;
• Recommend the annual corporate budget for Board’s approval and prudently manage the Company’s resources within the approved budget guidelines according to current laws and regulations of the Company;
• Provide leadership in support of a learning organization and a performance driven corporate culture by defining the performance measures to evaluate the success of the strategies;
• Manage and review all monthly and quarterly reports; and present Management reports to the Board.
• Be responsible for sound financial management and investment decisions by ensuring sound adoption of policies and practices that optimize utilization and returns;
• Provide strategic linkages with business partners, government, other stakeholders and various regulatory authorities;
• Ensure security of information and data within the Company;
• Provide leadership to effectively manage the human resources of the Company as per authorized personnel policies and procedures that fully conform to current Government laws and regulations of the Company;
• Maintain cordial relationships and partnerships that promote the Fund management profession in Kenya and the world in general; and
• Provide leadership in diversification of the Company’s revenue generation strategies to ensure business sustainability and continuity.

Regulatory and Technical Support

• Spearhead KNR’s participation in the development of policy by ensuring that KNR actively and substantively contributes to relevant proposals, exposure drafts and discussion papers in a timely manner;
• Promote the implementation of regulatory Guidelines, Policies, Laws and Regulations pertaining to the industry.
• Monitor the regulatory environment in Kenya so as to identify and contribute to any Laws and Regulations that may impact the industry; and
• Maintain and coordinate relationships and partnerships with regional and local stakeholders in Kenya.

Board Administration and Support Function

• Support operations and administration of the Board by advising and informing the Board members, interfacing between Board and staff, and supporting the Board’s evaluation of the Company’s performance; and
• Advice the Board on the Company’s performance through regular performance briefs.

Systems, Risks and Controls Function

• Protect the Company’s assets and properties by providing leadership on the establishment, monitoring, and enforcement of internal controls at the Company;
• Provide leadership on risk management and ensuring that the Company effectively manages risk by fully implementing the risk management framework, monitoring plans and develop strategies to enforce necessary compliance and control measures;
• Provide leadership in strategy and implementation of appropriate and effective business disaster recovery plans;
• Provide leadership in enforcement of compliance requirements relevant laws and regulations.

Person Specifications

For appointment as the Chief Executive Officer, a person must possess the following qualifications :

• Be a citizen of Kenya.
• Has proven leadership ability and integrity and satisfies the requirements of Article 10 and Chapter Six of the Constitution of Kenya.
• Bachelor’s degree in accounting & Finance or business degree
• Certified Financial Analyst (FA) and member of ICIFA in good standing.
• Minimum relevant work experience of ten (10) years, three (3) of which should have been Senior Management level in a reputable organization.
• Has knowledge of the fund management profession, policy formulation and understanding of Capital Markets.

Knowledge and Skills

• Good presentation skills and an effective communicator;
• Strategic management skills;
• Ability to innovate and to think outside the box;
• Strong planning, coordination and organizational skills;
• Problem solving and decision making skills;
• Attention to detail and high level of accuracy;
• Analytical skills;
• Good understanding of financial reporting systems coupled with strong computer skills;
• Understanding of performance review methods and techniques;
• Ability to mentor and coach;
• Good understanding of relevant legislation, policies and procedures; and

Key Competencies and personal attributes

• Ability to work effectively under multiple assignments and within set deadlines;
• Highly motivated, energetic, go getter and a self-starter able to drive results;
• Maintain standards of good conduct and high levels of integrity and ethics;
• Willingness to effectively delegate authority;
• Ability to effectively engage key stakeholders;
• Ability to promote an inclusive culture and team work; and
• Ability to maintain confidentiality concerning the Company’s affairs.

Successful Candidates will be required to satisfy the requirements of Chapter six (6) of the Constitution of Kenya 2010 on successful recruitment which will include :

• Police Clearance Certificate
• Self-Declaration Form (Clearance Form)
• Tax Compliance Certificate from the Kenya Revenue Authority (KRA);
• Clearance certificate from the Higher Education Loans Board (HELB);
• Clearance from the Credit Reference Bureau (CRB);
• Note : Chapter six (6) documents should be less than one-year-old

How to Apply :

Interested candidates should email their application letter accompanied with a detailed CV in PDF format clearly indicating their current and expected salary on or before 8 th September 2023 to the following email address [email protected] .

KNR is an equal opportunity employer and qualified applicants from all backgrounds are encouraged to apply.

Only shortlisted candidates will be contacted.

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