Investment Manager

Course; Abu Dhabi; On-site; AED 300,000 - 600,000; Full time

Job summary

Course is seeking an experienced Investment Manager to oversee the company’s investment portfolio, execute strategy, and identify opportunities to optimise returns. The role requires 8–10 years in investments with at least 4 years in analytics for equities and fixed income, and CFA/ACCA/FRM or equivalent certification plus fluency in English.

The responsibilities include coordinating with banks, preparing detailed investment reports, performing due diligence using DCF and other methods, and

Qualifications

• Certified Financial Analyst (CFA) or ACCA or FRM or similar certification
• 8 to 10 years relevant experience, with at least 4 years in an analytical role in equities and fixed income.
• Full professional proficiency in English.

Responsibilities

• Prepares investment plans/strategies and monitors performance against targets.
• Liaises with banks and financial institutions to optimize returns.
• Conduct due diligence on investment opportunities using DCF, Relative Valuations, EVA, NAV and IRR.
• Prepare monthly investment reports for senior management.
• Review data in IMSPlus and reconcile with fund administrator reports.
• Engage with asset managers, custodians, and auditors to ensure smooth operation.

Skills

Portfolio management

Investment analysis

Financial modeling

Due diligence

Regulatory compliance

Education

CFA/ACCA/FRM or similar certification

Bachelor's in Finance/Accounting

Tools

Bloomberg

IMSPlus

Excel

HSBC Portals

Job description

Job Purpose :

The job holder is responsible to manage overall Company investment portfolio, execute investment strategy, seek out new opportunities, and recommend changes in investments to manage risk and generate targeted rate of return.

Key Responsibilities & Accountabilities:

Investment Operations:

• Prepares the investment plan/strategy considering various assumptions and market trends.
• Liaises with banks and financial institutions regarding investments to get the best possible returns
• Analyses and evaluates the investment opportunity received based on the internal criteria for assessment
• Performs the research and keeps a tap on the Investment market to find the relevant investment opportunities.
• Evaluates the risks and potential returns associated with investment opportunities and makes recommendations based on the evaluation.
• Assists EVP - Investments in due diligence of new investment opportunities. Conduct due diligence on several investment proposals for equities, bonds, funds, ETFs and direct investments by doing business valuations using DCF, Relative Valuations, EVA, NAV and IRR techniques
• Recommends the investment entry or exit to the relevant investment financial authority.
• Prepare monthly investment status reports for onward submission to the senior management
• Reviews the monthly reconciliation reports and provides feedback and ensures the calculation is accurate
• Reviews the investment and property expenses reports periodically.
• Monitors and tracks the breach of investment limits (both internal and regulatory) and report the breaches to the EVP-Investments
• Complies with Insurance Authority's financial regulation relating to investments and complete E-Forms within the deadline with zero errors
• Reviews the accuracy of data entered in IMSPlus
• Assess investment property valuation firms, asset managers, fund administrators and custodian, after conducting thorough due diligence and a comprehensive RFP process.
• Monitor performance of discretionary equity and fixed income portfolios given to multiple local and foreign listed equity asset managers and fixed income fund managers on a monthly basis and schedule regular calls and meetings with PMs/FMs to appraise their strategies and performance.
• Develop composite benchmarks using multiple targeted indices weighted to mimic the strategic asset allocation. Prepare and present exception reporting and commentary on a quarterly basis to EVP - Investments to explain the variances and suggest corrective action if needed.
• Responsible for liaising and managing relationships with internal and external auditors, credit rating agencies, asset managers, investment banks, custodians and fund administrators.

Risk Management:

Ensure that portfolio allocations and risk limits remain within the agreed SAA, tolerances set by the IC and within IA’s investment regulations limits.

Monitor credit ratings of all investments on a regular basis and appraise EVP - Investments of any imminent changes to credit risk of any instrument to ensure that the average credit profile of the portfolio does not change and there is no material impact of ECL provisioning on investment P&L.

Set up all quoted portfolios on Bloomberg to calculate VAR and to run simulations needed for quarterly stressing testing exercises.

Cash Management:

Plans, organizes, manages, and monitors cash assets and their performance to achieve organization’s objectives.

Maximizes return on investment cash and deposit placements while managing credit risk and counterparty concentration risk.

Monitors the cash flow status on regular basis to ensure that funds are available for making all necessary payments

Prepares Daily Cash Position relating to investments to check if funds are available for making all necessary payments and makes alternate arrangements for payments if required

Reviews Cash Transfer Tracker regularly to keep a track of cash movements between departments and accounts.

Solely responsible for sourcing interest rates quotes for deposit placements in accordance with investment and operational cash flow forecasts, liquidity and credit risk guidelines.

Investment Accounting and Reporting:

Responsible for completing all month end closing activities relating to investments.

Manages the relationship with Asset Managers, Custodian, Fund Managers & Fund Administrator to ensure smooth functioning of Investment Operations

Reviews settlement instructions for any new investment opportunities including bond purchase and sale, equity purchase and sale, private equity capital calls etc.

Conduct valuation and pricing of multi asset class investment portfolio from Bloomberg on a monthly basis and reconcile valuations with independent fund administrator and custodian reports.

Reviews Investment Related Financial Statement Notes for quarterly and annual audits.

Reviews investment Assets and income in IMSplus and reconciles it with TB, Apex, Fund Manager and Custodian Reports.

Prepares monthly Investment Property Reports by liaising with Property managers and putting together comparative analysis for market rentals.

Tracks Equity/Bond Position and Activity through HSBC Portals and reconciles it with Fund Administrator Reports.

Reviews all records and documents relating to the investment portfolio

Prepare daily investment cash reports and perform month-end cash reconciliation with bank statements.

Prepare a 3 year rolling budget for investment expenditure and responsible for detailed variances analysis between budgeted and actual reported numbers.

Continuous Improvement:

Performs continuous review and improvement of investment practices considering international best practices and changes in the business environment.

Descriptions:

Job descriptions given to the employees provide the general nature and level of work expected. It is not intended to be construed as an exhaustive list of all responsibilities, duties and skills required for the position. The job description in no way states or implies that these are the only duties to be performed by the employee occupying this position. Employees will be required to follow any other job-related instructions and to perform other job-related duties requested by their departmental manager. The Management reserves the right to assign any responsibilities to its employees based on the business requirements.

Key Working Relationships:

Internal Relationships:

The candidate will work closely with Investments Senior Management and other members of the investment team.

External Relationships:

External managers, service-providers, regulators, auditors.

Qualifications, Relevant Certifications & Experience:

Certified Financial Analyst (CFA) or Association of Certified Chartered Accountants (ACCA) or Financial Risk Manager (FRM) or similar certification

Years & Nature of Experience:

8 to10 years relevant experience, with at least 4 years in an analytical role in equities and fixed income.

Language:

Full Professional Proficiency in English language.