Summary
Date Posted: Tuesday, March 26 2024, Base Salary: Not Disclosed

JOB DETAILS:
Job Purpose
This is a Senior Management role which will particularly be responsible for ensuring growth and wealth creation of the National Health Insurance Fund (NHIF). The Investments Manager shall devise long & short-term strategies for acquiring, creating wealth, and disposing off portfolio holdings.
The job holder shall further be responsible for the identification and development of investment opportunities, pursuing and actualising revenue from alternative sources other than the contributions from the members and ensuring that all funds not immediately committed for operations are invested in high yielding but secure portfolios for the benefit of the members of the Fund.
The holder of this senior management role shall report to the Director Finance and Investments.

Key Responsibilities
The key functions of the role will include but not limited to;
Financial Sustainability and Scheme Solvency Outputs
• Prepare monthly, quarterly, and annual performance reports of the Fund in line with the Investment Policy.
• Coordinating investment programmes of the Authority to ensure that appropriate Authority resources are available and excess funds invested to enhance the Fund’s value in line with the investment objectives.
• Initiate activities, that grow the fund above the prescribed benchmarks in line with the strategic targets.
• Monitor performance of the Fund and ensure compliance with the Investment Policy across all classes of investments.

Member Experience and Stakeholder Engagement Outputs
• Maintain a well-diversified portfolio of investment assets for the Fund’s financial sustainability,
• Formulating growth strategies, policies, procedures, and guidelines for the National Health Insurance Fund to ensure solvency of the Scheme.
• Identifying and developing structured investment product opportunities and alternative streams of revenue other than the contributions from members.
• Acting as a liaison officer between the Authority and Investee agencies.
• Coordinating all activities related to periodical and on-going operational research and actuarial valuations.
• Escalating any investment related matters that threaten the interest of the Authority.
• Developing and maintaining a good working relationship with Banks and Investment Houses for purposes of custody and placement of excess funds.

Organisational Capacity Outputs
• Ensuring that adequate staff are recruited in the Investments Unit in line with the approved structure,
• Ensure staff are inducted, motivated and trained for high performance tasks,
• Implement a performance management system for staff in the Unit,
• Perform other tasks as may be directed by the Director Finance & Investments.

Operational Excellence Outputs
• Review adequacy of existing investment guidelines/policies with a view to enhancing and ring fencing the investment portfolio;
• Responsible for Internal & external audits of the Authority on matters related to Investments,
• Implementing recommended measures Ensuring follow-up actions for all gaps identified in audits,
• Establishing internal controls in order to enhance accountability in the utilization of resource,
• Performing all other tasks and assignments as may be delegated by the supervisor.
• To monitor compliance with the relevant investment regulations so as to attain an optimum portfolio of investment assets.
• To assess the market conditions and keeping up to date with current statutory regulations and monitoring changes and developments in the industry and making recommendations to management on changes to investment and business strategies to ensure the Authority is responsive to changes in the environment.
• Ensure prudent fiscal and accounting controls are established for the Fund.

Knowledge, Skills, Qualifications and Experience
• Minimum of 7 years’ working experience in a similar role with strong focus on investment and business development.
• Grade twelve (12) School certificate with 5 ‘O’ levels with credit or better including Mathematics and English Language.
• Bachelor’s degree in Accountancy, Business Administration, Finance, Economics, Mathematics, Quantitative Techniques, ACCA, ZICA, CIMA or any related degree.
• CFA and CFI professional qualification will be an added advantage

Competencies required for this Role
The ideal candidate is to have:
• Investment risk/ return appraisal skills;
• Strong business proposal writing skills;
• Exceptional negotiation skills;
• Must have strong financial analysis / interpretation capabilities;
• Ample knowledge regarding Financial analysis and financial markets;
• Must have portfolio management capabilities;
• Must be proficient in office applications such as Excel, Word, PowerPoint and other relevant Investment management information systems applications.



Work Hours: 8

Experience in Months: 84

Level of Education: Bachelor Degree

Job application procedure
For submission of applications, please
Visit careers.nhima.co.zm.
Click on the position you are applying for and attach the necessary documentation.
The closing date for receiving applications is Wednesday, 10th April 2024.
Only Shortlisted candidates will be contacted.


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