Head, Investment at Coronation Insurance Plc

Role Summary

• The role of Head of Investment at Coronation Insurance will be to lead the delivery of strategic treasury capabilities that allow the organization achieve optimal business outcomes.

Principal Duties & Responsibilities

Business Advisory and Stakeholder Management

• Provide advisory services to the Board, Executive Management, and other stakeholders on best-fit strategies, operational plan, working capital requirements, and liquidity management, by leveraging on own deep expertise in strategy, and knowledge of key environmental trends, internal dynamics/resources and operating environment.
• Build valued relationships with stakeholders at the strategic level, and assemble coalitions, to support long term business development.

Foreign Currency and Market Risk Management

• Develop strategy, policies, and tools to support the ongoing management of foreign exchange risk, liquidity and interest rate risks with the aim of mitigating the effects of volatility and unpredicted movement in market valuations (e.g. foreign currencies, interest rate).
• Manage the company’s foreign currency activities through the identification of FCY surpluses and deficits, and maintain oversight over active management of FCY windows, administration of FCY inflows into the company, and handling of overseas remittances either on behalf of the company.

Working Capital Management

• Define and manage the company’s strategy and processes for projecting, monitoring, analyzing, and optimizing its cash-flow, assets and liabilities through ratio analysis of operating expenses (e.g. working capital ratio, collection ratio), with the aim of ensuring the company is capable of continuing operations, and satisfying short-term debt, and upcoming operational expenses.
• Proactively engage various functions across the Company in respect to their capital/operating expenditure to determine periodic forecasts on working capital, provide cashflow forecast /position to Executive Management, and propose solutions where required.

Transactional Treasury Processes

• Implement company’s policy on capital structure by ensuring an appropriate distribution between debt and equity to minimize cost of funds (CoF) and maintain CoF within the Company’s prescribed band.

Manage Relationships with Financial Institutions

• Manage the organization’s relationships with other financial institutions (i.e. banks, fund custodians, trustees etc.), by negotiating favorable investment terms on behalf of the organization, escalating potential settlement failures to the Treasurers of other financial institutions to avoid unwanted outcomes, and managing the organization’s relationship with its designated banks.

What we are looking for

Required Skills and Competencies

Knowledge

• Macroeconomic Analysis
• Market and Regulatory Environments

Skills

• Strategy
• Treasury Management
• Business Acumen

Behavior

• Analytical Thinking
• Entrepreneurship
• Relationship Building for Influencing
• Leading and Developing Others
• Drive for Results

Educational Qualification and Experience

• A minimum of a Bachelor’s Degree from an accredited university
• Advanced business degree (preferably an MBA) is an added advantage
• Minimum of 8-10 years' relevant experience within a financial services company
• Relevant experience in insurance will be a huge advantage.
• Professional certification in finance and/or accounting from a recognized professional body (e.g. CFA, CGMA, ACCA, ICAN etc.)