VACANCY
\nCHIEF EXECUTIVE OFFICERYathu SACCO, an affiliate of MUSCCO, a member owned registered and licensed financial cooperative with its head office in Blantyre but having a coverage of across Malawi through branches in Lilongwe and Mzuzu as well as mobile services. The SACCO is looking for energetic, self-motivated and enthusiastic persons who wish to pursue a carrier in cooperatives development to fill the position of SACCO Chief Executive Officer (CEO) reporting to the SACCO Board of Directors through the Board Chairperson. The CEO will be responsible for day-to-day operations of the SACCO to ensure efficiency and timely delivery of financial services to members and sustainable growth of the SACCO.KEY RESPONSIBILITIES OF THE POSITIONThe successful candidate will have the following key duties and responsibilities among others:Major Duties, Responsibilities and Accountabilities:Management of day-to-day financial operations of the SACCO based on strategic plan, policies, procedures and good practices as approved by the Board of Directors from time to time.Ensure SACCO growth and sustainability through membership recruitment and retention, loan portfolio growth and delinquency management, capital adequacy management, liquidity management, human resources management, resource mobilization, etc.Manage staff with support of Finance, Administration and Human Resources Officer and ensure high productivity.Support the Board of Directors in preparation of strategic plans.Prepare and implement yearly business plans for Board\u2019s approval.Ensure performance agreements of all staff are in place at the beginning of the year and that appraisals are done mid-year and at the end of the year.Manage assets, liabilities of the SACCO to attain desired yields from member savings, shares, deposits, loans and investments.Ensure delivery of quality services to members.With the support of the Supervisory Committee and Internal Audit Services, ensure timely review of internal controls, procedures, guidelines, policies and their effectiveness.Providing timely SACCO operations and administrative reports to the Board of Directors (Management reports provided monthly and SACCO performance reports provided quarterly).Prepare, manage and attend to SACCO committee meetings and other SACCO scheduled meetings.Ensure the SACCO\u2019s compliance to industry and regulatory standards as set by the Registrar of Cooperatives and the Reserve Bank of Malawi.Identify and manage risks of the SACCO.Provide information to the Board of Directors, committees and staff regarding direction of the SACCO with a view to grow the business.Any other duties as advised by the Board of Directors.THE PERSONThe ideal candidate should have:Bachelor\u2019s degree in Accounting or Financial Management or Strategic Management or
\nEconomics or Business Administration or Banking or related field with at least 5 years post
\nqualification experience in financial institution at Managerial level involved in strategic
\nplanning, budgeting, credit management, liquidity management, product development and
\nreporting, just to mention a few.A good grasp of the SACCO industry in Malawi, regulatory framework and current issues
\naffecting the industry in general.Experience working with Boards of Directors.Knowledge of finance, human resource management and general marketing of financial products and services.Mature and able to make administrative and operational decisions.High attention to detail and excellent analytical skills.Sound independent judgmentHigh performance attitude, resilience, honest and high integrity.Excellent Written and oral CommunicationConstructive Feedback; coaching and mentoring skillsLeadership skills that include staff motivationFocused on improving efficiency without compromising members service and qualityGood organizational and time management skillsDetermination and the drive to work towards targetsGood business sense and a professional mannerKnowledge and experience in organizational effectiveness and operations management
\nimplementing best practices.Excellent interpersonal skills and a collaborative management style.METHD OF APPLICATIONInterested persons should submit their applications with detailed curriculum vitae (CV), copies of
\nacademic and professional certificates and contact details of at least three traceable professional
\nreferees, two of which should be from previous and\/or current employer(s) and these must be
\nsubmitted to the following address or hand delivered by close of business not later than on Friday,
\n18th July, 2025 to:The Board Chairperson
\nYathu SACCO
\nP. O. Box 51714,
\nLimbeE-mail: yathusacco@gmail.com<\/p>\n
Apply Via:<\/p>\n
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