Senior Principal Officer, Investments/TPS/Actuarial (MG5) at National Social Security Fund (NSSF)

Reporting to the Assistant Manager, Investments/Actuarial/Insurance he/she will be responsible for coordinating with consultants to prepare and/or review policy documents such as Investment Strategy, Investment Policy and Interest Declaration and Reserve Allocation Policy

KEY RESPONSIBILITIES:

• Conduct actuarial valuations;
• Analysis of insurable assets and the insurance contracts;
• Ensure budgets for investment purposes;
• Liaise with consultants to coordinate data collection for actuarial valuation;
• Ensure monitoring of the performance of the portfolio, asset allocation and the compliance of the same to laws and regulations;
• Analyze technical specifications for the procurement of investment service providers.
• This entails the review of contracts;
• Coordinate portfolio construction, for example, asset allocation, identification and analysis of new opportunities;
• Ensure Preparation of Board Papers and other ad hoc reports;
• Monitor cash flows and coordinating the transfer of surplus funds for investment;
• Monitor investment service providers;
• Analyze invoiced fees and preparing memos seeking approvals where necessary.
• Manage the Fund’s portfolio of securities to ensure profitability and compliance with the Fund’s risk management policy;
• Work closely with external Fund Managers and Custodians in the implementation of the Fund’s investment portfolio;
• Identify sources of surplus funds for investment and/or to meet shortages, placing and monitoring investment offers;
• Undertake relevant market research to advise management on appropriate investment opportunities available;
• Increases risk adjusted returns on member funds
• Manages, leads and develops staff
• Prepares investment policy
• Manage TPS customers’ accounts efficiently and effectively.

JOB REQUIREMENTS/SPECIFICATIONS:

• Bachelor’s Degree in Insurance, Actuarial Science, Accounting, Finance, Economics or related field from a recognized institution;
• Masters’ Degree in Insurance, Actuarial Science, Accounting, Finance, Economics or related field from a recognized institution is and added advantage;
• Professional Qualification such as Certified Financial Analyst (CFA), Certified Investment and Financial Analyst (CIFA), Certification in Insurance or any other relevant qualification;
• At least seven (7) years’ relevant cumulative work experience, three (3) of which should have been in a supervisory position;
• Membership to a relevant and accredited professional body and in good standing;
• Supervisory course from a recognized institution; and
• Proficiency in computer applications.