Principal Investment Officer

Duties and Responsibilities

• Initiate the development of policy documents such as Investment Strategy, Investment Policy and Interest Declaration and Reserve Allocation Policy;
• Conducting actuarial valuations;
• Ensuring availability of budgets for investment purposes;
• Liaising with consultants to coordinate data collection for actuarial valuation;
• Monitoring of the performance of the portfolio, asset allocation and the compliance of the same to laws and regulations;
• Analyzing technical specifications for the procurement of investment service providers. This entails the review of contracts;
• Coordinating portfolio construction, for example, asset allocation, identification and analysis of new opportunities;
• Monitoring cash flows and coordinating the transfer of surplus funds for investment.
• Monitoring investment service providers; and
• Analyzing invoiced fees and preparing memos seeking approvals where necessary.

Requirements for Appointment

For appointment to this grade, an Officer must have:

• Served for a cumulative service period of nine (9) years, three (3) of which must be at the Grade of Senior Investment Officer, PSSF 6 or in comparable position;
• Bachelor’s Degree in any of the following fields: - Finance, Economics, Actuarial Science, Accounting or related fields from a recognized institution;
• Membership to a relevant profession and in good standing; eg CIFA, CFA or relevant professional body
• Proficiency in computer applications;
• Fulfilled requirements of Chapter 6 of the Constitution; and
• Shown merit and ability as reflected in work performance and results.