Deputy Director, Investment & Portfolio Management at Kenya National Entrepreneurs Savings Trust (KNEST)

Kenya National Entrepreneurs Savings Trust (KNEST)

  • Kenya
  • Permanent
  • Full-time
  • 20 days ago
Kenya National Entrepreneurs Savings Trust (KNEST) is a unique national informal sector pension scheme established by the Government to meet the unique needs of the more than 15 million marginalized informal sector workers. The scheme has deployed low-cost modern technologies to catalyze a sustainable business model that manages intermittent micro contributi…Deputy Director, Investment & Portfolio ManagementJOB REF KNEST/FMA/002/26 (RE-ADVERTISEMENT)Job SpecificationsAn Officer at this level may be deployed in any of the following functional areas: –Investment & Portfolio ManagementDuties and responsibilities at this level will entail: –Overseeing the development of policies, regulations, guidelines and strategy for fund management
  • Overseeing the development of the Scheme's investment plans and strategy;
  • Ensuring implementation and compliance with Schemes investment plans and strategies;
  • Recommending to Trustees strategic investments opportunities;
  • Establishing linkages with strategic financial partners;
  • Regularly meeting with investment analysts and financial strategic partners to discuss investment opportunities;
  • Providing leadership in analyzing business performance, industry trends, existing or new regulatory requirements and their impact on business operations.
  • Leading in Investment negotiations;
  • Ensuring prudent management of all investment portfolios for the Fund;
  • Ensuring investment portfolios are aligned with statutory guidelines and
  • KNEST's strategic objectives;
  • Ensure undertaking of Portfolio and Investment Research;
  • Leading in liaison with Fund service providers including fund managers, custodians, project developers and advisers;
  • Advising the Trustees on investment options and opportunities;
  • Ensuring returns on investment
  • Coordinating acquisition and management of Scheme Investment with the aim of increasing its value and assure best returns on investment
  • Setting the criteria and conditions governing investment;
  • Liaising with financial strategic service providers to discuss investment opportunities;
  • Aligning investment portfolio with KNEST 's strategic objectives;
  • Ensuring maintenance of proper investment records for all securities
  • Ensuring preparation of all investment and periodic portfolio performance reports
  • In liaison with the Fund Manager, ensure preparation and filing of all statutory reports
  • Managing and developing staff in the department.
  • Ensuring prudent utilization of the resources of the Corporation
Pension Administration
  • Overseeing the development, implementation and reviewing of policies, strategies, guidelines and procedures of pension administration;
  • Providing leadership in the in the daily administrative affairs of the
  • Scheme in accordance with the provisions of the Retirement Benefits Act and the Regulations, the Income Tax Act, the Scheme Trust Deed and Rules,
  • Overseeing the collecting, collating and maintaining of accurate data of all the assets of the Scheme, the service providers of the Scheme, the members, the beneficiaries and any other information necessary for the administration of the Scheme
  • Ensuring continuous update of member records and address issues of concern for action or direction.
  • Lead in review of members data for accuracy and completeness
  • Ensure posting and update of member accounts on daily basis on receipt of contribution.
  • Ensure distribution of accrued benefits to members' accounts.
  • Ensure daily reconciliation of member statements
  • Liaise with the scheme auditor to prepare audited accounts for the scheme;
  • Liaise with the fund administrator to dispatch statements to members as stipulated in the Service Charter.
  • Ensure comprehensive documentation for claims processing.
  • Liaise with the fund administrator to organize the Annual General Meeting (AGM)
  • Ensure maintenance of proper accounting records for the scheme monies
  • Ensure preparation of all Administration periodic performance reports
  • (xv) In liaison with the Scheme Administrator, ensure preparation and filing of all statutory reports
  • Managing and developing staff in the department.
  • Ensuring prudent utilization of the resources of the Corporation
Person SpecificationsFor appointment to this grade, a candidate must have: –
  • Served for a minimum period of ten (10) years, four (4) of which shall be in a management role;
  • Bachelor's degree in any of the following disciplines; Commerce (Finance option), Finance, Economics, Business Management (Finance option) or equivalent qualification from a recognized institution;
  • Masters degree in any of the following disciplines; Commerce (Finance Option) Finance, Economics, Business Administration (Finance Option) or equivalent qualification from a recognized Institution;
  • Passed Part III of the Certified Public Accountants (CPA K) examination or equivalent qualification from a recognized institution;
  • Certificate in Leadership/Governance course from a recognized institution;
  • Membership with a relevant professional body;
  • Proficiency in computer applications;
  • Meet the requirements of Chapter six of the Constitution; and
  • Demonstrated professional and Managerial competence in finance and accounts functions as reflected in work performance and results.
Key Competencies and Skills
  • Communication skills;
  • Team work;
  • Interpersonal skills;
  • Analytical skills;
  • Time management skills;
  • Organizational skills;
  • Leadership skills;
  • Negotiation skills;
  • Decision making skills; and
  • Problem solving skills.
Don't Keep Share!:

Jobs in Kenya