Kiribati Provident Fund

JOB DESCRIPTION v1.0

POSITION Investment Manager DATE CREATED Aug - 2016

LOCATION KPF HQs CREATED BY Mgr-HRGS
REPORT TO Chief Executive Officer LAST REVIEWED 2018
LEVEL $24,000 p.a. including Housing Allowance REVIEWED BY CEO

PURPOSE The Investment Manager (IM) is responsible for the development of the KPF’s
Investment Strategy and Policy Framework and the management of the Investment
Division. The IM also prepares papers for and attends Investment Committee
meetings and assists the CEO in ensuring best practice operation of the investment
function.

ASSIGNED STRATEGIC OBJECTIVES

KEY RESULT AREA DUTIES/MAJOR RESPONSIBILITIES
1. Investment  Developing KPF’s investment strategy in line with identified asset-liability
Management
management requirements*
 Setting KPF’s asset allocation and asset and instrument exposure ranges and
limits*
 Developing KPF’s investment policies*
 Choosing appropriate investments and/or investment managers as required for
each investment sector by KPF’s investment strategy and policies*
 Monitoring the performance of external investment managers, including any
technology transfer and economic and market commentary requirements
 Undertaking economic and investment research appropriate to KPF’s needs
 Identifying investment opportunities
 Ensuring investment proposals are properly documented to the required standard
 Staying up-to-date with developments in investment theory and practice and
recommending changes in KPF practices
 Maintaining a constructive relationship with investment and relevant practitioners
in the Kiribati market
 Maintaining good relations with other relevant stakeholders and contemporaries,
e.g. investment counterparties, Ministry of Finance, the national statistical office,
local banks, regional funds
(Activities marked with * are subject to approval by the CEO and/or Investment
Committee and/or Board)
 Kiribati Provident Fund

JOB DESCRIPTION v1.0

2. Supporting the  Preparing the agenda for Investment Committee meetings

Investment
Committee  Preparing papers as required and overseeing the preparation of regular and one-
off investment reporting
 Monitoring completion of any Matters Arising
 Providing secretarial and other assistance to the Chair of the Investment
Committee as required
3. Risk  Being risk-aware and cultivating risk-awareness in staff reports
Management
 Accepting risk “ownership” for the activities of the Investment Division
 Ensuring the relevant risks are identified, documented and taken into account in
all levels of investment decision making
 Ensuring the Investment Divisions complies with all relevant laws and company
policies and procedures
 Working with the Investment Officer in developing and monitoring the relevant
section of KPF’s Risk Management Plan
4. Team  Working constructively with the CEO, providing support and assistance and
Leadership
following instructions as required
 Assisting the CEO to research best investment operational practice
 Contributing to the formation of strategic, business and asset-liability plans and
budgets, e.g. analysis of economic and investment market conditions, input into
economic parameter setting as required, formation of investment budgets
 Representing the Investment Division to the CEO and in management meetings
Taking responsibility for the overall output of the Investment Division
 Working constructively and maintaining good relations with other KPF Divisions
 Mentoring and setting performance objectives and development plans for staff
reports
 Assisting staff reports and assuring outcomes of the appropriate timeliness and
quality as required
 Ensuring investment files are indexed, accessible and maintained in good
order, in both digital and paper forms
 Kiribati Provident Fund

JOB DESCRIPTION v1.0

MINIMUM REQUIRED SKILLS AND QUALIFICATIONS

 First degree in Finance, Business Administration or Commerce with clear study stream in Investment and Finance
from an internationally accredited university/institute
 Good leadership abilities
 Two years work experience in Finance and Investment will be an advantage
 Age-cohort 25-40 years
 Transcripts for degree qualification is a compulsory and should be provided

DESIRABLES: Worked or taken courses in Investment and Business Management

ATTRIBUTES: Good communication skills and able to tolerate and assist others