About the position
Duties & Responsibilities
Investment Strategy
- 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.
Portfolio Construction
- 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.
I
mplementation 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.
Portfolio Monitoring
- 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.
Risk Management
- 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.
Desired Skills:
- Investments
- Investment Management
- Insurance
About The Employer:
Join a large and stable financial services company and utilise your investment knowledge and skills.
