The Export Credit Insurance Corporation of South Africa SOC Ltd (ECIC) is a wholly owned corporation of the DTI with a mandate to facilitate and encourage the export of South African goods and services.
The ECIC achieves this by underwriting bank loans and offshore investments and provides export credit and foreign investment insurance cover.
The ECIC is a registered short term insurer and is regulated by the Financial Services Board.
PURPOSE OF THIS ROLE
The purpose of this role is to ensure the effective and timely implementation of the investment strategy and the ongoing management of the investment portfolio.
The role requires the portfolio construction of the underlying asset classes of the strategy and the selection, appointment, on-boarding and monitoring of external asset managers.
The Investment Specialist is the key liaison between the corporation and the investment teams and relationship managers of the external asset managers.
Assist in setting and reviewing the investment philosophy and strategy for the corporation's local and offshore investment portfolio, while being cognisant of insurance liabilities, applicable regulations, risk appetite and solvency framework.
Assist in reviewing the Investment Policy Statement (IPS).
Provide asset class portfolio construction parameters and asset manager specifications to implement the investment strategy, with market analysis to support recommendations;
Assist to define the asset allocation, investment guidelines and portfolio construction being cognisant of insurance liabilities, risk appetite and solvency framework;
Liaise with the corporation's asset consultant to deliver required asset manager and portfolio construction research
Implementation of investment strategy
Prepare tender, evaluation and selection criteria and documentation for the appointment of new asset managers in line with the corporation's procurement policies;
Partake in the evaluation and selection processes for new asset managers;
Establish and oversee the on-boarding steps and development of mandates of new asset managers in line with set implementation timelines;
Liaise with incoming and outgoing asset managers, the asset consultant and the custodian to propose, plan and execute asset transitions and provide reconciliation reports thereof;
Portfolio and Asset Manager Monitoring
Ensure adherence to investment policy statement and investment mandates by asset managers;
Monitor asset managers by way of performance reportbacks, due diligences, manager scoring and evaluations and contract management assessments.
Report evaluation outcomes and recommendations to various committees;
Prepare proposals, reports and submissions to the corporation's management and investment committee as required;
Serve as checker to the portfolio and asset manager reports that are prepared by the Investment Analyst;
Provision of documented processes, illustrations and process flow charts;
Any adhoc projects assigned by the Head of Investment Unit.
Performance of portfolio and asset managers relative to targets and benchmarks;
Properly managed and monitored contract assessments;
Efficient and timeous execution of the investment process with proper planning and prioritizing of tasks;
Delivery of portfolio construction and asset manager specifications proposals and reviews;
Adequate selection, appointment, onboarding and ongoing monitoring of asset managers;
Timeous and accurate portfolio management and monitoring reports and activities;
High quality submissions and proposals to management and the investment committee;
Efficient liaising between the corporation and external asset managers.
Internal and External Auditors;
External asset managers, custodian and asset consultant.
QUALIFICATIONS & EXPERIENCE
A relevant University degree BCom / BSc in Investments management or related discipline (e.g. Mathematics, Actuarial, Finance, Accounting, Statistics or Economics);
Minimum of 5 years' experience in investment industry;
Knowledge of offshore asset classes and asset managers will be an advantage;
Knowledge of Bloomberg and other external market systems will be an advantage;
Knowledge of government related procurement processes, policies and Acts, and Insurance regulations will be an advantage;
Studying towards CFA or similar qualification will be an advantage.
SKILLS & ABILITIES
The incumbent should have demonstrated the following competencies :
Excellent communication and presentation skills;
Very good writing skills and documentation skills;
Quantitative analysis and excel skills;
Ability to work independently;
Ability to use own initiative;
Ability to prioritise own tasks effectively.
Ability to provide innovative solutions when presented with applicable problem areas
The incumbent is required to have the following Behavioural competencies :
Problem Solving : Demonstrates adequate problem-solving skills and appropriately applies proven solutions.
Delivery : Translates business objectives into practical, prioritised and organised action plans; ensures plans are safely and successfully implemented.
Conflict Resolution : Identifies and pushes for solutions in which all parties can benefit.
Team Participation : Consistently offers relevant input to team discussions as issues are being clarified and solutions are being developed.
Flexibility : Available to work more than ordinary business hours
Applications can be submitted through the careers portal on the ECIC Website.
Closing Date : Wednesday, 22 September 2021
NOTE : It is ECIC's intention to promote equity through the filling of posts, according to the set Employment Equity targets.
Personal information collected and processed for purposes of recruitment will be protected from unauthorised access and improper use or disclosure.
Declaration and Informed Consent
By submitting your application for the advertised role, you give ECIC permission to process your personal information and you acknowledge that you understand the purpose for which it is required and for which it will be used.
Furthermore, you declare that all personal information supplied to the ECIC for the purposes of recruitment is accurate, up to date, not misleading and that it is complete in all respects.