Qualification:

• First Degree, preferably in Finance or Investments (or a related field)
• CFA Program (Level I, II, or III) will be an added advantage.
• Relevant Certifications in financial modeling, treasury, or risk management preferred.

Experience:

5 years’ experience in similar role.

Reporting Line:

Chief Financial Officer

Start Date:

November 2024

Job Description

1. Portfolio Management

Lead the development, execution, and oversight of the company’s investment portfolio, ensuring alignment with the strategic goals, risk tolerance, and regulatory requirements. Perform asset allocation analysis, monitor performance against benchmarks, and recommend rebalancing strategies to optimize returns.

2. Manager Relationship Management

Build and maintain strong relationships with external fund managers, ensuring effective collaboration to enhance the performance of investment mandates. Conduct regular performance reviews and ensure compliance with the company’s investment policy.

3. Bank Relationship Management

Manage relationships with banks to facilitate optimal banking services, secure favorable interest rates, and ensure efficient treasury operations. Negotiate terms for banking facilities and services that support the company’s liquidity and investment needs.

4. Liquidity Management

Oversee cash management strategies to ensure that adequate liquidity is available to meet operational needs while maximizing investment returns on surplus cash. Implement forecasting models to predict cash inflows and outflows and optimize the timing of investment and financing decisions.

5. Cash Flow Protection

Develop strategies to safeguard cash flow by identifying potential risks and implementing mitigating actions, including hedging foreign currency exposures.

6. Investment Reconciliation

Ensure timely and accurate reconciliation of investment portfolios, verifying that transactions and balances are properly recorded in line with accounting standards.

7. Asset Liability Management (ALM)

Align the company’s investment assets with its liabilities, managing duration and interest rate risks to minimize exposure and ensure sufficient capital is available to meet obligations.

8. Investment Reporting and Presentation

Prepare and present investment performance reports to Investment Committee, highlighting key trends, risks, and opportunities. Lead monthly presentations on investment performance to ALCO and any other stakeholders.

9. IFRS 9 Experience

Implement IFRS 9 accounting standards, including the classification and measurement of financial assets and liabilities, and the calculation of expected credit losses for investment portfolios.

10. Treasury Management System Knowledge

Oversee the use of Treasury Management Systems (TMS) to streamline treasury operations, including cash management, investment booking, and liquidity monitoring.

11. Foreign Currency Risk Management

Develop and implement strategies to mitigate foreign exchange risk by using hedging instruments and other risk management tools, particularly for investments in foreign currencies.

12. Macroeconomic Indicators

Monitor macroeconomic trends such as interest rates, inflation, and exchange rates to anticipate their impact on the investment portfolio and adjust strategies accordingly.

13. Investment Performance Measurements

Utilize advanced performance metrics to evaluate investment outcomes, benchmark performance, and assess the effectiveness of fund managers.

14. Financial Statement Preparation

Collaborate with the accounting team to ensure accurate representation of investment performance and valuations in financial statements, understanding how investment numbers flow through the balance sheet, income statement, and cash flow statement.

15. Internal and External Audit

Support internal and external audit processes by providing detailed investment reports, reconciliations, and explanations for auditors as required.

16. Financial Instruments Valuation

Conduct valuations for various financial instruments including fixed-income securities, mutual funds, and other investment products, ensuring accurate reporting of fair values.

Key Functional Skills:

• Portfolio Management: In-depth knowledge of portfolio theory, asset allocation, and risk management.

• Effective Communication: Ability to clearly communicate investment strategies, performance, and risks to stakeholders.

• Presentation Skills: Strong presentation skills with the ability to convey complex financial concepts to non-financial audiences.

• Teamwork: Proven ability to work collaboratively across departments and with external partners.

• Advanced Excel and PowerPoint: Expertise in using Excel for financial modeling and PowerPoint for executive presentations.