Summary
Date Posted: Thursday, December 15, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
NPS01 (Five Year Contract): Head Office

Main Purpose of the Job
The Director Investments' responsibility is to provide support to the Director General, in coordinating investments for NAPSA, and in the acquisition of the needed finances. The work involves: formulating the investment strategy for the Authority, appraising and recommending investment opportunities to the Finance and Investment Committee of the Board of Trustees, and monitoring and reporting performance of the Authority's investment portfolio. Overall, the role manages the day to day operations of the Investments directorate to ensure smooth operations and coordination of all investments activities.

Key Responsibilities:
Implement the NAPSA investment strategy, policies, procedures and guiding principles to support the Authority's strategic objectives.
Implement fund development plans including asset allocation mixes and allocation of cash flows and revenue generation strategies to enable NAPSA meet its financial objectives
• Develop growth strategic initiatives and budgets for NAPSA including market expansion opportunities for executive management and Board approval.
• Establish innovative alliances, co-investments/ business arrangements with investment advisers and development partners to deliver prudent investments.
• Coordinate the development of the NAPSA investment work plan.
• Coordinate the hiring and management of Fund Managers, Custodians and Investments Advisors.
• Develop and implement a framework for the establishment, management, and nurturing relationships with investee companies, key stakeholders and market participants.
• Develop and implement internal controls to safeguard the assets of the fund. Hold regular meetings with investment analysts and NAPSA managers, external managers to discuss the NAPSA investment plan, to ensure all the investment activities are aligned with the NAPSA investment strategy and plan.
• Monitoring and managing risk and compliance, and rebalancing of the investment portfolio. Developing a long term investment strategy taking into consideration actuarial recommendations to deliver best outcomes for asset and liability matching.
• Ensures good governance and adherence to regulatory requirement by all NAPSA subsidiaries.
• Coordinates research on investment to ensure NAPSA investment decisions are advised by current best practice, financial and market trends.
• In liaison with the HR Directorate, coordinate the training and development of the staff in the Directorate to ensure the availability of competencies critical for the delivery of quality investment services for members.

Relevant Qualifications
• Five (5) "O" Levels with credit and above including Mathematics and English
• Bachelor's Degree in Economics/ Accounting or equivalent/ ACCA/ CIMA/CA Zambia or equivalent
• Master's Degree in a business related field.
• Personal and Professional Experience:
• Not less than 10 years' experience in Accounting, Banking, Finance, Fund Management or equivalent at a senior management level in an organisation with similar size of operations.

Work Hours: 8

Experience in Months: 120

Level of Education: Associate Degree

Job application procedure
Your application letter should specify your contact details including contact telephone number(s), CV and copies of relevant Certificates.
Application letters should be addressed to:
Director General
National Pension Scheme Authority
NAPSA House
Corner of Church & Kabelenga Roads PO Box 51275 LUSAKA
The closing date for receiving applications is Tuesday, 27th December 2022.
PLEASE NOTE THAT:
ANY FORM OF LOBBYING WILL LEAD TO AUTOMATIC DISQUALIFICATION OF THE CANDIDATE ONLY APPLICANTS WHO MEET THE SPECIFICATIONS
INDICATED ABOVE WILL BE ACKNOWLEDGED.
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