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  • Posted: Dec 9, 2021
    Deadline: Dec 28, 2021
  • Never pay for any CBT, test or assessment as part of any recruitment process. When in doubt, contact us

    The Kenya Power & Lighting Company Limited, Staff Retirement Benefits Scheme 2006 ("the Scheme”) was established on 1 July 2006, following the closure of the Defined Benefits (DB) Scheme on 30th June 2006. As a Defined Contributions Scheme, the Scheme is managed by a Board of Trustees whose membership is divided equally between Sponsor nominated Trustees and Member nominated Trustees. The administrative functions of the Scheme are undertaken by the Secretariat of the Defined Benefits Scheme in an arrangement whereby the DC Scheme pays an administrative fee to the DB Scheme. The Scheme was established by the Sponsor with the main objective being to provide benefits to employees (members) upon retirement or to their dependents in the event of death in service.
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    General Manager, Investments

    Job Summary

    The General Manager, Investments will be responsible for development of sound investments policies, procedures, strategies and systems to maximize the Fund’s return on investment.

    Key Responsibilities

    1. Review investment strategy, seek out new opportunities and recommend changes in investments to manage risk and generate returns
    2. Provide technical support to the Fund’s Strategy, Finance & Investment Board
    3. Committee for purposes of having Investment policies, procedures and also discuss any Investment risks and monitoring progress on Investments.
    4. Measure and evaluate return on investment trends that may affect the investment portfolio
    5. Responsible for appropriate due diligence to substantiate the long-term value of investments and confirm that the investments are consistent with the plan’s investment guidelines
    6. Supervise Fund Managers in line with existing Memoranda of Understanding,
    7. Service Level Agreements and work plans.
    8. Monitor performance of the investments against set targets and benchmarks to ensure optimal returns
    9. Coordinate and monitor implementation of various Property development projects in line with the existing project work plans and Service Level Agreements with stakeholders
    10. Plan & development of a departmental budget
    11. Advise on compliance with investment standards and regulations.
    12. Analyse and mitigate the Fund’s exposure by utilising all techniques to lessen losses by ensuring industry best practice at all times (policy, procurement and process)
    13. Planning, researching and sourcing for alternative investments
    14. Develop of a database for investments and maintain appropriate investment industry knowledge in order to guide management in decision making 
    15. Lead, develop and motivate a professional team in the Investment function in order to provide high-quality service
    16. Set performance objectives for each member of the team in accordance with the
    17. Department’s overall objectives.
    18. Regularly review performance to trigger feedback and prompt actions to ensure objectives for individuals and team are met.
    19. Ensure collaboration amongst the staff with other Departments and relevant stakeholders for the purpose of cultivating collective responsibility to achieve the Fund’s objectives.

    Candidate Profile

    The job holder should possess the following minimum qualification:

    1. Master’s degree in management, Economic, Insurance, Finance Accounting, Land
    2. Economics, Real Estate, Project Management, or related discipline from a reputable university.
    3. Bachelor’s Degree in Management, Economics, Insurance, Finance, Accounting Land Economics, Real Estate, Project Management, or related discipline from a reputable university.
    4. Professional qualification(s) in Accounting, Risk Management, Audit, Land Survey and Valuers or equivalent.
    5. Membership of a professional body.
    6. Minimum eight (8) years’ post qualification experience with at least three (3) years in a management position.
    7. Ability to assess financial information and investment opportunities
    8. Ability to use complex financial models to project future earning and profit potential and use this data to inform decisions
    9. Ability to use statistical methods to obtain, interpret and present information
    10. Ability to develop and implement valuation models in order to report accurate information on the value of investments
    11. Knowledge and experience in Private Equity and Real Estate.

    In addition, the candidates should demonstrate the following personal traits and competencies:

    1. Strong leadership and skills to foster teamwork; develop and motivate staff, resolve conflicts as well as ability to provide direction, guidance, momentum and vision in order to achieve organizational objectives.
    2. Demonstrated business acumen - able to create strategy and actions that impact business success.
    3. High-level interpersonal and cross-cultural skills, including ability to build consensus, alliances and collaborative relationships with sensitivity to diversity
    4. Ability to be forward thinking and use technology and other modern tools to drive decision making and implementation
    5. Strategic thinking and decision making- ability to consider emerging trends/developments and long-term opportunities for the Fund
    6. Effective stewardship to serve and safeguard members’ assets
    7. Independence of thought and objectivity
    8. Professionalism and integrity
    9. Efficiency and drive for results
    10. High-level oral and written communication skills
    11. Critical & analytical thinking and problem-solving skills
    12. Project management skills
    13. Good customer relationship management skills (internal and external customers)
    14. Risk awareness and focus - demonstrates understanding of risk management practices, standards and regulatory requirements.
    15. Ability to lead, influence and drive change initiatives in support of business strategies

    Method of Application

    Interested and qualified candidates are advised to visit the Fund’s website for detailed job descriptions for the roles at Applications should be submitted through email to : to be received not later than Tuesday 28th December, 2021.

    Please attach your Curriculum Vitae, copies of certificates and other relevant testimonials indicating your current and expected gross pay, your telephone numbers, email address, names and addresses of three (3) professional referees.

    Successful applicants will be required to undergo integrity and security background vetting. Canvassing will lead to disqualification.

    Only shortlisted candidates will be contacted. KPPF is an equal opportunity employer.

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