Background

The right to housing is embedded in the Constitution of Kenya, which provides that every person has the right to accessible and adequate housing. With Kenya’s growing economy and one of the fastest-growing urbanisation rates in the continent, the demand for housing has never been greater. The Affordable Housing Board is established under the Affordable Ho...

Key Responsibilities

The duties and responsibilities of the Assistant Manager, Home Finance, will entail:

• Assist in the formulation, implementation, and review of financial policies, strategies, and procedures to support AHB’s operations and projects;
• Coordinate preparation of annual budgets, forecasts, and financial plans across departments and consolidate submissions for review by the Manager, Home Finance;
• Monitor departmental budget performance, prepare variance analyses, and recommend corrective actions to ensure efficient resource utilization;
• Coordinating the preparation of the Board’s annual budget and work plans;
• Support the preparation of financial reports, management accounts, and returns in compliance with the PFM Act, 2012, IPSAS, and other statutory requirements;
• Supervise the preparation and review of cash flow forecasts and coordinate with the Accounts Department to align disbursements and collections with financial plans;
• Designing and operationalizing home financing models, such as tenant purchase, rent-to-own, and mortgages;
• Overseeing credit assessment, repayment monitoring, and beneficiary compliance mechanisms;
• Coordinating financial appraisals of projects and structuring affordable housing financing models;
• Leading negotiations with financial institutions, SACCOs, and microfinance entities to expand financing options;
• Supervising finance officers and ensuring effective delivery of home finance functions;
• Preparing and reviewing reports on home finance performance, repayments, and risks;
• Advising management on credit risks, repayment sustainability, and financing frameworks;
• Ensuring compliance with credit policies, financial regulations, and the Board guidelines;
• Building partnerships with counties and developers for financing arrangements;
• Supporting continuous review and improvement of home financing schemes;
• Carrying out financial analysis. Recommending on mitigating measures for addressing risks in the department;
• Guide the Implementation of Business Process Re-engineering (BPR) in the department;
• Facilitate compliance with audit requirements by ensuring the availability of accurate financial information and implementing audit recommendations; and
• Represent the Finance Unit in inter-departmental committees and external stakeholder engagements when delegated.

Requirements & Qualifications

For appointment to this grade, the applicant must have:

• Cumulative service period of twelve (12) years’ work experience, three (3) of which should have been at the Principal Finance Officer or in a comparable position;
• Bachelor’s Degree in any of the following disciplines: Banking, Finance,Economics, Commerce (Finance or Accounting option), Accounting,Business Administration (Finance Option) or equivalent qualification from a recognized institution;
• Master’s Degree in any of the following disciplines: Banking, Finance,Economics, Commerce (Finance or Accounting option), Accounting, Business Administration (Finance Option) or equivalent qualification from a recognized institution;
• Certified Public Accountant (CPA)K by Kenya Accountants and Secretaries Examination Board (KASNEB) or any other relevant qualification from a recognized institution;
• Member of the Institute of Certified Public Accountants of Kenya (ICPAK) or relevant professional body;
• Leadership Course lasting not less than four (4) weeks from a recognized institution;
• Proficiency in computer applications;
• Fulfilled the requirements of Chapter Six of the Constitution; and
• Demonstrated professional competence and ability as reflected in work performance and results.

• Assist in the formulation, implementation, and review of financial policies, strategies, and procedures to support AHB’s operations and projects;
• Coordinate preparation of annual budgets, forecasts, and financial plans across departments and consolidate submissions for review by the Manager, Home Finance;
• Monitor departmental budget performance, prepare variance analyses, and recommend corrective actions to ensure efficient resource utilization;
• Coordinating the preparation of the Board’s annual budget and work plans;
• Support the preparation of financial reports, management accounts, and returns in compliance with the PFM Act, 2012, IPSAS, and other statutory requirements;
• Supervise the preparation and review of cash flow forecasts and coordinate with the Accounts Department to align disbursements and collections with financial plans;
• Designing and operationalizing home financing models, such as tenant purchase, rent-to-own, and mortgages;
• Overseeing credit assessment, repayment monitoring, and beneficiary compliance mechanisms;
• Coordinating financial appraisals of projects and structuring affordable housing financing models;
• Leading negotiations with financial institutions, SACCOs, and microfinance entities to expand financing options;
• Supervising finance officers and ensuring effective delivery of home finance functions;
• Preparing and reviewing reports on home finance performance, repayments, and risks;
• Advising management on credit risks, repayment sustainability, and financing frameworks;
• Ensuring compliance with credit policies, financial regulations, and the Board guidelines;
• Building partnerships with counties and developers for financing arrangements;
• Supporting continuous review and improvement of home financing schemes;
• Carrying out financial analysis. Recommending on mitigating measures for addressing risks in the department;
• Guide the Implementation of Business Process Re-engineering (BPR) in the department;
• Facilitate compliance with audit requirements by ensuring the availability of accurate financial information and implementing audit recommendations; and
• Represent the Finance Unit in inter-departmental committees and external stakeholder engagements when delegated.

• Proficiency in computer applications
• Financial analysis
• Credit risk assessment
• Financial modeling
• Negotiation
• Partnership building
• Business Process Re-engineering

• Bachelor’s Degree in Banking, Finance, Economics, Commerce (Finance or Accounting option), Accounting, Business Administration (Finance Option) or equivalent
• Master’s Degree in Banking, Finance, Economics, Commerce (Finance or Accounting option), Accounting, Business Administration (Finance Option) or equivalent
• Certified Public Accountant (CPA)K or equivalent
• Member of ICPAK or relevant professional body
• Leadership Course (not less than 4 weeks)