• Application Deadline:
• Position: Executive Director, Finance and Investment


• Job Type Full Time


• Qualification BA/BSc/HND , MBA/MSc/MA , PhD/Fellowship


• Experience 18 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

JOB SUMMARY:

• The Executive Director reports directly to the Managing Director and oversee the investment, finance control and corporate resource departments.


• He will also participate with the board of directors in developing a vision and strategic plan to guide the organization.

RESPONSIBILITIES:

• Provide leadership support to the Investment Team.


• Ensure daily management of the portfolio in line with stated objectives and in compliance with the portfolio policy statement.


• Ensure preparation of accurate projection statements for all funds.


• Ensure effective management of Legacy fund and other funds by tracking Corporate Actions and Preparing periodic portfolio reports.


• Prepare standard Board Committee Reports on monthly and quarterly basis.


• Ensure the Team conducts the Company’s Limit Equities Research and maintain the stock trading spread.


• Carry-out research surveillance of financial markets – Stock market, the money market and Fixed Income Securities as well as any other new investment outlet as may be approved by PenCom.


• Ensure the maintenance of Money Market Surveillance Rates sheet by updating bank ratings and liquidity.


• Conduct the Company’s Limit Equities Research and maintain the stock trading spread. Maintain oversight function by monitoring compliance in respect of PenCom investment guideline.


• Ensures the company is IFRS compliant in its financial control, company accounting, fund accounting and multi-stakeholder financial information and business intelligence systems running on cutting-edge technologies.


• Establishment, coordination and monitoring of the company’s Management, Board, tax and other statutory and financial reporting and information systems.


• Leading and mobilizing organizational resources for the development of strategy plans, financial models and business plans.


• Establishment and monitoring of financial and operational performance management systems in line with the Company’s business model, goals, and targets.


• Direct and coordinate FCMB Pensions’ financial planning and budget management functions.


• Recommend benchmarks for measuring the financial and operating performance of divisions and departments.


• Manage the preparation of the official annual report and actual revenues, transfers, and expenses.


• Manage the preparation of financial outlooks and financial forecasts.


• Ensure compliance with local, state, and federal budgetary reporting requirements.


• Oversee the planning, implementation and evaluation of the organization's programs and services.


• Ensure that the programs and services offered by the organization contribute to the organization's mission and reflect the priorities of the Board.


• Monitor the day-to-day delivery of services of the organization to maintain or improve quality.


• Determine staffing requirements for organizational management and services delivery.


• Establish a positive, healthy, and safe work environment in accordance with all appropriate legislation and regulations.


• Recruit, interview, and select staff that have the right technical and personal abilities to help further the organization's mission.


• Ensure that all staff receives an orientation to the organization and that appropriate training is provided.


• Implement a performance management process for all staff which includes monitoring the performance of staff on an on-going basis and conducting an annual performance review.


• Discipline staff when necessary, using appropriate techniques; release staff when necessary, using appropriate and legally defensible procedures.

REQUIREMENTS:

• First Degree in Economics, Finance, Business Administration or Social Sciences.


• Minimum of 18 years working experience, with at least 13 years in the Financial Services Industry, and at least 7 years in Top Management.


• Additional qualifications (MSc, MBA, PHD, etc) and other relevant Professional certifications will be an added advantage.


• Must be a graduate member of either the Chartered Institute of Stockbrokers and/or Institute of Charted Accountants, CFA.


• Knowledge of Federal and State Laws and Regulations as well as Accreditation Standards.


• Expert knowledge of the Pension Reform Act.


• Should possess marketing, presentation, and negotiation skills.


• Should possess knowledge of geographical spread.