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Job

Chief Investment Officer

Jubilee Insurance Ltd. was established as the first incorporated Insurance Company based in Mombasa in August 1937. They have since spread their wings and sphere of influence as the No. 1 Insurance Company in the region with offices in Kenya, Uganda, Tanzania, Burundi and Mauritius and are recognized as the largest Composite Insurer in East Africa with over 450,000 clients.
 
They are listed in the Nairobi Securities Exchange, Dar Es Salaam Stock Exchange and the Uganda Securities Exchange having been rated highly on Leadership, Quality and Risk Management and awarded AA- rating in Kenya & Uganda and an A+ in Tanzania.
Jubilee is currently seeking an experienced Chief Investment Officer for their newly established investment fund, Jubilee Financial Services Limited. The CIO will report to the Group CEO and JFSL Board and will drive the company’s overall investment strategy.

The Role
The Chief Investment Officer will:
  • Drive the company’s overall investment strategy in consultation with the Investment Committee.
  • Deliver superior investment returns on client portfolio.
  • Support the Marketing Team in selling the Company’s investment products to grow assets under management.
  • Lead Product conception, development and implementation.
  • Manage a team of investment staff and coordinate with other department heads for smooth functioning of the organization.
  • Serve as the overall relationship manager for the Company’s clients.
Responsibilities
 
Investment Duties
  • Convener of Investment Committee of the management and attend Board Investment Committee; oversee the economic and investment research and report to the Board Investment Committee.
  • Responsible for developing portfolios and delivering investment returns exceeding pre-set benchmarks.
  • Manage a team of investment professional and research analysts.
  • Ensure timely and coordinated implementation of Investment Committee decisions.
  • Regularly monitor portfolios under management and recommend any rebalancing strategies to bring them in line with both agreed investment committee strategies and Client current circumstances.
  • Report in accordance with AIMR Performance Reporting Standards.
  • Uphold and follow the CFA Code of Ethics and Standards of Professional Conduct.
  • Ensure investment decisions are backed by high quality and appropriate research and analysis, both internal and external.
Business Development Duties
  • Keep abreast of latest developments in international and regional markets and develop appropriate products for launch.
  • Manage existing client relationships in order to retain and grow business from company’s clients.
  • Support the Business Development team in presentations to potential clients.
  • Leverage existing business relationships of the Group to grow company client base.
Reporting & Relationship Management
  • Responsible for periodic reporting to clients incorporating economic and market overview, portfolio valuation and performance and strategy for the following quarter.
  • Coordinate with other Department heads for ensuring timely and accurate reporting to regulators (CMA/ RBA) as appropriate.
  • Making presentations to Client Investment Committees/ Trustees/ Fund secretaries.
  • Preparing strategy papers, investment recommendations and reports to the Board, CEO and Investment Committee.
  • Actively manage relationships with brokers and other market participants.
Administration
  • Ensure all documentation regarding investment management are complete and up to date.
  • Liaise with Operations to ensure that management fees are paid promptly.
Key Deliverables
  • Portfolio management
  • Client relationships
  • Business development
  • Production of regular investment updates
Requirements
Academic Qualifications
  • BSc. (Mathematics/Statistics/Actuarial Science), BCom. (Accounting/Marketing) or any other similar qualification from a recognized university. An MBA or its equivalent will be an advantage.
  • CFA Charter holder or equivalent.
  • Knowledge in investment reporting and corporate financial reporting.
  • Knowledge of legislation governing Retirement Benefits and institutional and retail investments.
Key Competencies
  • Visionary
  • Entrepreneurial Spirit
  • Market Awareness
  • Customer Focus
  • Continuous Innovation
  • Ownership & Commitment
  • Team Spirit
Relevant Experience
  • Minimum ten years’ experience in managing investments.
  • Experience in managing and leading investment teams
  • Track record of delivering superior investment returns
  • Experience in managing funds on a global and/or regional basis will be an added advantage.
Functional Skills
  • Retirement benefits management
  • Research and Investments
  • Accounting and Report writing
  • People management