The Higher Education Loans Board (HELB) – Assistant Manager External Resources & Student Loans Self-Protection Scheme.


Join our team and contribute to our efforts of making higher education more accessible to Kenyans.

The Higher Education Loans Board (HELB) was established in 1995 through an Act of Parliament CAP 213A of the laws of Kenya. The mandate of HELB is to source for funds and provide financing (through loans,  scholarships  and  bursaries)  to  Kenyans  pursuing  higher  education  in  institutions  of  higher  learning in and outside Kenya as recognized by Commission for University Education (CUE) & and/or the Technical, Vocational Education and Training Authority (TVETA).

A  vacancy  has  arisen  for  the  position  of  Assistant  Manager  External  Resources &  Student Loans  Self-Protection Scheme. The Board is looking for a highly competent, passionate, dedicated and  self-driven  individual  of  high  integrity  who is  able  to  demonstrate  strong  leadership skills to fill the position

The Position

Reporting  to  the  Head  of  External  Resources  &  Student  Loans  Self  Protection Scheme,  the  Assistant  Manager External Resources & Student Loans Self-protection Scheme will assist in operationalization of  the  proposed   HELB  Student  Loans  Self-  protection  Scheme  in  accordance  policy  and  procedures  approved by the Board so as to secure the student loans book portfolio against any unnecessary expo-sures within norm and standards of loans self-protection schemes and the changing dynamics in the Higher Education Financing and markets developments. Further to ensure sustainability of the HELB Fund, He/She will assist in developing and implementing Board’s strategies of External Resource mobilization from Corporates,  Development partners, Philanthropists, Counties/Constituencies and  Individuals to create sustainable Education Revolving Funds.

Key Responsibilities

Developing and implementing a student loans self-protection management system

Managing all underwriting aspects of the student loans self-protection scheme with guidance from the scheme Actuary eg Risk assessment, student loans self-protection deductions computation etc

Ensuring  student  loans  self-protection  scheme  deductions  are  prudently  invested  and accounted for as per the self-protection, accounting and investment policy in place.

Ensure  all  claims  are  adequately  reviewed,  properly  documented,  accurately  computed, processed on time and properly accounted for.

Regularly advice the board on the performance of the student loans self-protection schemeon  areas  such  as  claims  experience,  student  loans  self-protection  deductions  adequacy, investment returns, actuarial liability and liquidity of the scheme.

Prepare periodic financial and operational reports on performance of external funds and self-protection scheme in line with IFRS and international best practice.

Minimum Requirements

Bachelor degree from a recognized university preferably BCom (Insurance Option) or Actuarial Science

Accounting qualification such as CPA(K)or ACCA

An MBA or Master’s degree in a relevant field from a recognized university will be an added advantage;

Experience in Quality Management Systems will be an added advantage.


At least 5 years’ experience in administration of a loans insurance scheme, 3 of which should be in at least middle management

Proven experience in life insurance and investment accounting

Experience in running an in-house Loans self-protection Scheme will be an added advantage

Experience in resource mobilization/ Fund raising will be an added advantage.

Working experience in an ERP environment preferably Microsoft Dynamics AX system

Personal Attributes

Personal integrity;

Possession of networking skills;

Committed team player with customer Experience skills

Highly analytical, interpretive report writing and presentation skills

Excellent interpersonal and communication skills;

Ability to work under pressure and achieve results within deadlines


If you believe, you can clearly demonstrate your abilities to meet the criteria given above, please send your application, detailed CV, relevant copies of testimonials certificates, your date time contact, and contacts of three referees, to reach the office of Chief Executive Officer on the contact below and not later than 4th July 2017.

Chief Executive Officer & Board Secretary

Higher Education Loans Board

P.O. Box 69489-00400



Email Address:

Only shortlisted applicants will be contacted.

HELB is an equal opportunity employer

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