Stephen Obondy
Nairobi
Summary
Energetic and adaptable professional with strong leadership and organizational skills. Understands business operations and financial management, with expertise in strategic planning and team coordination. Committed to driving growth and efficiency while fostering positive workplace culture.
Overview
24
24
years of professional experience
Work History
General Manager – Investments & Estates
Afya Co-operative Savings and Credit Society
07.2022 - 09.2024
- Ensure sound investments of the Society’s financial resources and efficient management & operation of Afya Investment Co-operative Society
- Develop Investment policy aligned to the Society’s strategy and investments criteria for evaluating prospective projects
- Supervising the day-to-day affairs of the Investments Division
- Effective management of real estate properties
- Preparation of investments policy papers and advising the board on best way to invest surplus funds
- Coordinating, implementation and evaluation of projects
- Providing advisories on the management of the Afya Investment properties
- Evaluation and monitoring of the Investments business plan implementation
- Ensuring the Afya Investment Co-operative Society operates as a profitable business concern as outlined in the Society’s by-laws
General Manager – Risk & Compliance
Afya Co-operative Savings and Credit Society
05.2019 - 06.2022
- Ensuring compliance of Society’s policies and procedures with regulatory and ethical standards
- Implementing and managing the Society’s compliance programme
- Coordinating with the SACCOs regulator, SASRA
- Filing regulatory returns with the regulator
- Ensuring consistent compliance with the Society’s policies, procedures, and standards
- Evaluation and monitoring of the business plan implementation
- Planning, directing, and coordinating the daily operations in the Compliance division
- Undertaking continuous performance appraisal and recommending appropriate staff compliance training
Manager – Members Personal Accounts
Afya Co-operative Savings and Credit Society
05.2010 - 05.2019
- Planning, directing, and coordinating the daily operations in the department
- Supporting budgets and forecasting activities by the Management
- Preparing monthly financial statements and varied fiscal reports
- Providing input into goal setting process for the department
- Evaluating loaning and debt recovery policies and procedures
- Monitoring and coordinating recovery and accounting processes to ensure full compliance and efficiency of services
- Supervising staff, preparation of work schedules, assigning duties and setting goals
Education
PhD - Business Administration
University of Nairobi
Master of Business Administration - Finance
University of Nairobi
01.2012 - 12.2013
Bachelor of Commerce - Accounting
The Catholic University of Eastern Africa
08.1996 - 10.2000
Certified Public Accountants (Part 1) - undefined
Strathmore University
12.1995 - 06.1996
Kenya Certificate of Secondary Education (KCSE) - undefined
Nairobi School
01.1991 - 12.1994
Kenya Certificate of Primary Education (KCPE) - undefined
Molo Primary School
01.1983 - 12.1990
Skills
Operations management
Accomplishments
- Oversaw the growth of the Society’s Institutional Capital from Kshs 557.7 million in 2019 to Kshs 1.189 billion in 2022
- Reduced the risk classification from Kshs 658.9 million in 2019 to Kshs 386.7 million in 2022 improving the efficiency of the loan book and considerably reducing the non-performing loans (NPLs)
- Part of the team that grew the financial income from Kshs 733.8 million in 2019 to Kshs 1 billion in 2022
- Oversaw the growth of the Society’s assets from Kshs 17.9 billion to 20.0 billion in 2022
- Headed the division that led to the growth of the Society’s Core capital from Kshs 1.15 billion in 2019 to Kshs 2.34 billion in 2022
- As the Trust Secretary of the Staff Pension Scheme, the fund grew from Kshs 700 million to Kshs 1.3 billion in December 2022
Journal
Credit Risk Management and Efficiency of Savings and Credit Cooperative Societies: A Review of Literature
Other Positions Of Responsibility
- Former Trust Secretary of the Afya Sacco Staff Retirement Benefits Scheme
- Treasurer of PTA at Peace Junior Academy
- Chairman of Impala Rugby Club
Bio Data
Male, Married, 07/26/75, Kenyan
Timeline
General Manager – Investments & Estates
Afya Co-operative Savings and Credit Society
07.2022 - 09.2024
General Manager – Risk & Compliance
Afya Co-operative Savings and Credit Society
05.2019 - 06.2022
Master of Business Administration - Finance
University of Nairobi
01.2012 - 12.2013
Manager – Members Personal Accounts
Afya Co-operative Savings and Credit Society
05.2010 - 05.2019
Bachelor of Commerce - Accounting
The Catholic University of Eastern Africa
08.1996 - 10.2000
Certified Public Accountants (Part 1) - undefined
Strathmore University
12.1995 - 06.1996
Kenya Certificate of Secondary Education (KCSE) - undefined
Nairobi School
01.1991 - 12.1994
Kenya Certificate of Primary Education (KCPE) - undefined
Molo Primary School
01.1983 - 12.1990
PhD - Business Administration
University of Nairobi
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