Deputy Director, Fund Management at Kenya National Entrepreneurs Savings Trust (KNEST)

 JOB REFERENCE No. DDFMAD/014/25

Job Specifications

An Officer at this level may be deployed in any of the following functional areas: -

Duties and responsibilities at this level will entail: -

• Overseeing the development of policies, regulations, guidelines andstrategy for fund management
• Overseeing the development of the Scheme’s investment plans andstrategy;
• Ensuring implementation and compliance with Schemes investmentplans and strategies;
• Recommending to Trustees strategic investments opportunities;
• Establishing linkages with strategic financial partners;
• Regularly meeting with investment analysts and financial strategicpartners to discuss investment opportunities;
• Providing leadership in analyzing business performance, industrytrends, existing or new regulatory requirements and their impact on business operations.
• Leading in Investment negotiations;
• Ensuring prudent management of all investment portfolios for theFund;
• Ensuring investment portfolios are aligned with statutory guidelines andKNEST’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 withthe 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 portfolioperformance reports
• In liaison with the Fund Manager, ensure preparation and filingof 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 theScheme in accordance with the provisions of the Retirement Benefits Actand the Regulations, the Income Tax Act, the Scheme Trust DeedandRules,
• Overseeing the collecting, collating and maintaining of accurate dataof all the assets of the Scheme, the service providers of the Scheme, themembers, the beneficiaries and any other information necessaryfor theadministration of the Scheme
• Ensuring continuous update of member records and address issues of concern for action or direction. (v) Lead in review of members data for accuracy and completeness
• Ensure posting and update of member accounts on daily basis onreceiptof contribution. (vii) Ensure distribution of accrued benefits to members’ accounts. (viii) Ensure daily reconciliation of member statements
• Liaise with the scheme auditor to prepare audited accounts for thescheme;
• Liaise with the fund administrator to dispatch statements to members asstipulated in the Service Charter. (xi) Ensure comprehensive documentation for claims processing. (xii) Liaise with the fund administrator to organize the Annual General Meeting (AGM)
• Ensure maintenance of proper accounting records for the scheme monies(xiv) Ensure preparation of all Administration periodic performance reports
• In liaison with the Scheme Administrator, ensure preparationandfilingof all statutory reports
• Managing and developing staff in the department. (xvii) Ensuring prudent utilization of the resources of the Corporation

 Person Specifications

For appointment to this grade, a candidate must have: -

• Served for a minimum period of ten (10) years, four (4) of whichshall be in a management role;
• Bachelor’s degree in any of the following disciplines; Commerce(Finance option), Finance, Economics, Business Management (Finance option) orequivalent qualification from a recognized institution;
• Masters degree in any of the following disciplines; Commerce (FinanceOption) Finance, Economics, Business Administration (Finance Option)or equivalent qualification from a recognized Institution;
• Passed Part III of the Certified Public Accountants (CPA K) examinationor equivalent qualification from a recognized institution;
• Certificate in Leadership/Governance course froma recognizedinstitution;
• 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 financeandaccounts 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.