Job purpose:

• The Chief Audit & Quality Assurance Officer leads the internal audit function of Agricultural Finance Corporation. This role oversees the development and execution of audit strategies, ensuring compliance with regulatory standards, and contributing to the continuous improvement of operational processes.

Key Responsibilities:

• Provide executive leadership and strategic direction for enterprise governance, risk management, and internal audit
• Lead Board of Directors’ audit and risk committee functions and coordinate board governance
• Develop and implement comprehensive enterprise governance frameworks aligned with international standards
• Coordinate with the Managing Director and executive management on strategic risk appetite and tolerance setting
• Lead regulatory relationships and coordinate compliance with Central Bank of Kenya and other regulatory requirements
• Develop strategic partnerships with international organizations on agricultural finance risk management
• Lead organizational transformation initiatives related to digital finance and agricultural innovation
• Coordinate with government ministries on policy development for agricultural finance sector
• Lead crisis management and business continuity oversight for the corporation
• Develop and implement comprehensive stakeholder communication strategies on risk and governance
• Coordinate executive succession planning and leadership development for audit and risk functions
• Lead strategic budget planning and resource allocation for comprehensive risk management
• Represent the corporation in international forums on agricultural finance and risk management
• Provide strategic counsel to the Managing Director and Board on emerging risks and opportunities in agricultural finance

Person Specifications:

For appointment to this position a candidate must have:

• Master’s Degree in the related field.
• Bachelor’s degree in accounting, Finance, or related field.
• CPA (K) or equivalent professional qualification from a recognized institution
• Professional certification in risk management will be an added advantage
• Membership to Institute of Certified Accountants of Kenya (ICPAK) in good standing;
• Membership to Institute of Internal Auditors (IIA).
• A valid practicing license/certificate
• At least fifteen (15) years’ experience, three (3) of which must be in senior management level in internal audit, risk management, or a related field within the financial industry.
• A Leadership course lasting not less than four (4) weeks from a recognized institution.
• In-depth knowledge of internal audit methodologies, regulatory requirements, and industry best practices.
• Proficiency in computer applications; and
• Fulfills the requirements of Chapter Six of the constitution.

Key Competencies and Skills

• Leadership skills with the ability to support and collaborate effectively with a team of audit professionals.
• Communication, presentation and interpersonal skills.
• Analytical mindset and a strong understanding of risk management principles.
• Ability to maintain independence and objectivity while contributing to a positive working environment.
• Strategic planning and problem-solving
• Innovative and resource mobilization skills
• Familiarity with audit management software and tools.

go to method of application »

Job purpose:

• The job holder is responsible for managing the operations of the Loan Recoveries department in line with AFC’s strategies and policies so as to collect and recover the outstanding loans under the non-performing loan portfolio.

Key Responsibilities:

• Develop and implement comprehensive remedial strategies for delinquent accounts and non-performing loans (NPLs).
• Oversee the end-to-end recovery process, including restructuring, refinancing, and enforcement of security.
• Manage a portfolio of distressed assets, ensuring timely resolution and optimal recovery rates.
• Negotiate and implement workout arrangements (e.g., forbearance, rescheduling, debt-equity swaps) with defaulted borrowers.
• Coordinate with legal teams to initiate foreclosure, receivership, or insolvency proceedings where necessary.
• Conduct in-depth financial and viability assessments of distressed borrowers to determine recovery potential.
• Monitor and report on the performance of remedial accounts, including provision coverage and recovery timelines.
• Collaborate with internal stakeholders (Credit, Legal, Finance) to align recovery actions with risk appetite.
• Engage external partners (auctioneers, valuers, debt collectors) to expedite asset recovery.
• Recommend write-offs or impairment provisions for irrecoverable debts per policy guidelines.
• Ensure compliance with regulatory requirements (e.g., CBK Prudential Guidelines) in all recovery actions.
• Analyze root causes of NPLs and recommend preventive measures to mitigate future risks.
• Maintain accurate records of recovery activities, including legal documentation and settlement agreements.
• Represent the Corporation in court or arbitration proceedings related to debt recovery.
• Conduct root cause analysis of NPLs to inform credit policy enhancements
• Perform any other duties as assigned by management.

Person Specifications:

• For appointment to this grade, a candidate must have:
• Master’s degree from a recognized institution
• Bachelor’s degree in Business Administration, Actuarial science, Mathematics, Agribusiness, Agricultural economics, Banking, Finance, Economics or any other related course or equivalent qualification from a recognized institution
• Professional qualification in Credit Management from a recognized institution
• A member of a recognized professional body where applicable and in good standing. Management course lasting not less than four (4) weeks from a recognized institution
• A minimum of fifteen (15) years’ work experience, three (3) of which must have been at least in senior management level;
• Proficiency in computer applications; and
• Fulfills the requirements of Chapter Six of the constitution.

Key Competencies and Skills

• Excellent business acumen
• Leadership and management skills
• Excellent interpersonal and communication skills
• Report writing skills
• Analytical and modelling skills
• Strong situational analysis capability
• Attention to detail and critical thinking
• Strategic planning and problem-solving
• Innovative and resource mobilization skills

go to method of application »