Duties and Responsibilities
The officer at this level will be responsible to the Director General, Public Investment and Portfolio Management. Specific duties and responsibilities include:
Overseeing the management of Government Investment and Public Enterprises function;
Developing policies and strategies relating to the financial oversight and management of State Corporations and Semi-Autonomous Government Agencies (SAGAs);
Overseeing the restructuring of State Corporations;
Coordinating government divesture and privatization programme;
Coordinating the appraisal of state corporation projects and other investments;
Coordinating review of state corporations annual budgets;
Monitoring and oversight for Fiscal and Financial Exposures of State Corporations on aspects related to budget planning and execution, borrowings, and reporting;
Coordinating the processing of Treasury approvals and financing agreements relating to State Corporations borrowing;
Debt restructuring including write-offs, rescheduling and refinancing in respect of State Corporations;
Ensuring maintenance of data on state corporations and other Government investments;
Advising on issues raised by shareholders in Annual General Meetings, Parliamentary Oversight Committees or any interested party on Government investments;
Managing government investment and shareholding;
Managing contingent liabilities and other fiscal risks relating to public corporations and SAGAs; and
Coordinating research on public investment and enterprises management to inform policy development.
For appointment to this grade, a candidate must have:
Served for a minimum period of fifteen (15) years, three (3) of which should have been at the grade of Senior Deputy Director, Investment, CSG 5 or in a comparable and relevant position in the Public service or Private Sector;
A Bachelors degree in any of the following disciplines: Economics, Economics and Statistics, Economics and Mathematics, Commerce (Accounting, Finance or Insurance option) or equivalent qualifications from a university recognized in Kenya;
A Masters degree in any of the following disciplines: Economics, Accounting, Finance, Business Administration, Mathematics, Project Planning Management or equivalent qualifications from a university recognized in Kenya;
Certificate in any of the following fields: Public Financial Management, Policy Development and Formulation, Public Expenditure Review/Analysis from a recognized institution or any other courses in a related financial management and oversight; and
Demonstrated understanding of public finance management and the legal and institutional framework governing the State Corporations and SAGAs.
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