Head Of Unit Centurion

Duties & Responsibilities

• Setting and reviewing the investment philosophy and strategy for the corporation’s local and offshore investment portfolio, while being cognisant of insurance liabilities, applicable regulations, risk appetite and solvency framework.
• Perform required asset modelling/analyses to inform the investment strategy.
• Review the Investment Policy Statement (IPS).
• Conduct together with the actuarial unit an asset/liability study to inform the investment strategy.
• Provide asset class investment portfolio construction parameters and asset manager specifications to implement the investment strategy, with market analysis to support recommendations.
• Define the asset allocation, investment guidelines and portfolio construction, being cognisant of insurance liabilities, risk appetite and solvency framework.
• Compile asset manager investment guidelines to reflect each manager’s investment process and style, and the ex‐ante expectations in terms of risk taken and value added versus the benchmark.
• Liaise with the corporation’s asset consultant to deliver required asset manager and investment portfolio construction research.

Implementation of investment strategy

• Adequate selection, appointment, onboarding asset managers.
• Prepare tender, evaluation and selection criteria for the appointment of new asset managers in line with the corporation’s procurement policies.
• Liaise with incoming and outgoing asset managers, the asset consultant and the custodian to propose, plan and execute asset transitions and provide reconciliation reports thereof.
• Ensure adherence to investment policy statement and investment guidelines by asset managers.
• Monitor asset managers by way of performance report backs, due diligences, manager scoring and evaluations and contract management assessments.
• Manage fund manager allocations in line with IPS to achieve investment objectives whilst ensuring that it is within approved risk parameters.
• Manage corporation’s required liquidity and cash flow needs and resulting in and out flows of fund manager portfolios and portfolio rebalancing.
• Undertake performance evaluations of the portfolios and all the underlying contributors to performance.
• Manage investment unit risks to enable the corporation to mitigate enterprise wide risks. Including maintaining unit risk register and reporting on identified risk metrics.
• Ensure compliance with all investment risk related policies (e.g. IPS, Risk Strategy document).
• Assist in necessary stress-testing of the investment portfolio as part of the Own Risk and Solvency Assessment (ORSA).

Managerial responsibilities

• Managing the investment team and setting up the function’s investment processes, policies, systems and reporting tools.
• Set clear performance goals for direct reports ensuring the achievement of unit objectives.
• Review work performed by direct reports.
• Maintain documentation on unit processes.
• Manage and monitor performance of investment consultant, custodian and other external service providers.
• Day‐to‐day management of investment activities and reporting regularly to the Chief Actuarial & Investments.
• Efficient and timeous execution of the investment processes with proper planning and prioritising of tasks.
• Timeous and high quality reports and proposals to management and the board committees.
• Efficient management of the unit’s operational and investment related expenses.

Other responsibilities

• Forecasting the investment portfolio, expected investment returns and expenses as part of the firm’s budgeting process and strategy planning.
• Work with the actuarial, finance and risk units to ensure regulatory compliance and to prepare required reporting to regulators.

Desired Experience & Qualification

• An Honour’s degree in Financial Management, Accounting, Investment Management, Actuarial science or any other relevant field.
• CFA qualification is a requirement.
• Minimum 7 years’ experience in investment environment.
• Knowledge of market systems (e.g. Bloomberg) and asset modelling software will be an advantage.
• Experience in the insurance industry will be an advantage.
• Knowledge of government related procurement processes, policies and Acts will be an advantage.

Package & Remuneration

Market related.

Interested?

Kindly apply online.

#J-18808-Ljbffr