Head, Investment Job at Coronation

Coronation is a leading financial service partner that helps build enduring legacies for sustainable wealth creation in Africa. Having established a 30-year record of achievements in banking across Africa and beyond, our founders established a Pan-African platform focused on building a better financial future for Africa. Today, our businesses are entrusted with our over $1billion of clients’ assets and are recognized as Nigeria's fastest-growing investment managers. Our purpose at Coronation is to create a prosperous future for our clients and the African continent. Coronation is proud to be an Equal Opportunity Employer. We enable an inclusive workplace by identity, disability, and other statuses protected by law.

Coronation Insurance Plc - an affiliated company to Coronation Group Ltd - is a leading insurance provider of a diverse range of products and services covering general and special risk businesses to individuals and corporate entities.

We are recruiting to fill the position below:

Job Position: Head, Investment

Job Location: Lagos 
Employment Type: Full-time

Role 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.

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
Educational Qualification and Work Experience:

• A minimum of a Bachelor’s Degree from an accredited university.
• 8 - 10 years of relevant experience within a financial services company.
• Advanced business degree (preferably an MBA) is an added advantage.
• 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.)

Technical & Behavioural 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.

Our Benefits

• To help you stay energized, engaged, and inspired, we offer a wide range of employee benefits including a competitive compensation package, a robust rewards package, retirement benefits and tools designed to help you build a sound financial future.
• We also provide an environment that fosters the actualization of goals, and career fulfillment for our people while providing transformational solutions for Africa’s challenges.

Flexible Working Arrangement:

• Coronation’s current flexible working arrangement is designed to enable in-person connections and collaboration that is core to our culture such that it provides employees the flexibility of working from both the office (on-premises) and remotely.

Method of Application
Interested and qualified candidates should send their CVs to: careers@coronationinsurance.com.ng using the Job Position as the subject of the email.