Head Of Unit Centurion

Sinakho Staffshop (Pty) Ltd; Gauteng; On-site; ZAR 800 000 - 1 200 000; Full time

Job summary

A leading company in South Africa is seeking an experienced Investment Manager to oversee local and offshore investment portfolios. The ideal candidate will have a strong background in financial management, investment strategy, and risk management. Responsibilities include managing asset managers, ensuring compliance with investment policies, and collaborating with various departments. Candidates with a CFA qualification and significant experience in the investment field are encouraged to apply.

Qualifications

• Minimum 7 years of experience in an investment environment.
• Knowledge of government procurement processes is advantageous.

Responsibilities

• Setting and reviewing the investment philosophy and strategy.
• Managing the investment team and establishing processes.
• Monitoring asset managers through performance reports.

Skills

Investment Strategy

Asset Management

Risk Management

Education

Honours degree in Financial Management

CFA qualification

Tools

Bloomberg

Asset Modelling Software

Job description

Duties & Responsibilities

1. Setting and reviewing the investment philosophy and strategy for the corporation's local and offshore investment portfolios, considering insurance liabilities, regulations, risk appetite, and the solvency framework.
2. Performing asset modelling and analyses to inform the investment strategy.
3. Reviewing the Investment Policy Statement (IPS).
4. Collaborating with the actuarial unit to conduct asset/liability studies to guide investment decisions.
5. Providing asset class investment portfolio construction parameters and asset manager specifications, supported by market analysis.
6. Defining asset allocation, investment guidelines, and portfolio construction, ensuring alignment with insurance liabilities, risk appetite, and solvency requirements.
7. Aligning asset manager investment guidelines with each manager's process and style, and setting ex-ante risk and return expectations.
8. Liaising with the asset consultant to research asset managers and portfolio construction.

Implementation of Investment Strategy

1. Selecting, appointing, and onboarding asset managers.
2. Preparing tender, evaluation, and selection criteria for new asset managers following procurement policies.
3. Coordinating asset transitions with asset managers, the asset consultant, and the custodian, including reconciliation reports.
4. Ensuring compliance with the IPS and investment guidelines by asset managers.
5. Monitoring asset managers through performance reports, due diligences, and evaluations.
6. Managing fund allocations to meet investment objectives within risk parameters.
7. Managing liquidity and cash flows, including rebalancing portfolios.
8. Evaluating portfolio and contributor performance.
9. Managing investment risks and maintaining risk registers and reports.
10. Ensuring compliance with all investment risk policies and assisting with stress-testing for ORSA.

Managerial Responsibilities

1. Managing the investment team, establishing processes, policies, and reporting tools.
2. Setting performance goals and reviewing team performance.
3. Maintaining documentation of unit processes.
4. Managing external service providers and investment activities, reporting to senior management.
5. Ensuring timely and high-quality reports and proposals.
6. Managing operational and investment expenses.
7. Forecasting investment portfolios, returns, and expenses for budgeting and planning.
8. Collaborating with actuarial, finance, and risk units for compliance and reporting.

Desired Experience & Qualifications

1. Honours degree in Financial Management, Accounting, Investment Management, Actuarial Science, or related field.
2. CFA qualification is required.
3. Minimum 7 years of experience in an investment environment.
4. Knowledge of market systems (e.g., Bloomberg) and asset modelling software is advantageous.
5. Experience in the insurance industry is an advantage.
6. Knowledge of government procurement processes, policies, and Acts is advantageous.

Package & Remuneration

Market-related. Interested candidates are encouraged to apply online.