JOB DESCRIPTION / ROLE
To manage Investments funds in order to achieve the desired performance parameters and ensure compliance with legal, risk management, and other applicable regulations.
Main responsibilities:
STRATEGIC
- Develop strategy, annual business plans, policies and procedures of the Fund Management Division, to support company overall business strategy.
- Prepare and Review the annual budgets for the various funds within the Fund Management Division
- Contribute towards strategy formulation, annual business plans, budgets, policies and procedures of one's department, to support divisional and organizational business strategy.
- Oversee implementation of procedures and controls in the Fund Management division and ensure that all the transactions are in compliance with the set policies and procedures.
- Contribute towards development of the company investment/ equity funds growth plans through identification of income generating opportunities in defined market segments and targeted potential client group.
OPERATIONAL
- Regularly review performance of the Fund Management Division
- Provide superior value to the client by catering to their fund management needs and ensure client satisfaction at all times.
- Maintain highest standards of professional conduct, ethics and integrity in provision of the services in his/her department.
- Follow laid down procedures and controls. Ensure that all the product features are in compliance with the set policies and procedures.
- Monitor the annual budgets for the various funds within the Fund Management Department.
- Recommend performance corrective measures to be taken in-house in the management of funds.
- Reports net asset values (NAV) and other performance parameters periodically.
- Interface with local and international legal counsels to prepare and deliver all the legal documents for the funds and individual investments.
- Establish Fund Management procedures from end-to-end such as subscription and redemption.
- Review and ensure availability of all documents required by the Capital Market Authority and the concerned Audit firm.
- Distribute dividends on a bi-annual basis.
- Assist in establishing new funds and coordinate with Business Development Section to evaluate the same.
- Develop and draft fund related documents AOA, Prospectus, contracts, agreements, etc.
- Contributes towards development of procedure and policies manual with regard to fund management function.
- Frequently updating and amending investment strategies with the help of assistants of individual fund managers.
- Identifying new investment opportunities.
- Trading for the investment funds in accordance with the fund objective and internal strategies.
PEOPLE MANAGEMENT
- Observe closely performance of direct reportees and assist them in sustaining their performance by providing appropriate feedback.
- Recommend training programs to subordinates in order to enhance their technical expertise, knowledge and their ability to excel in their area of specialty.
- Monitor allocation of work to subordinates and manage completion of tasks and activities as per the agreed upon deadlines.
- Participate in conducting Annual Performance Appraisal to review employees' work performance and escalate disciplinary matters to the sector's Manager when needed.
- Contribute to the selection, development, deployment and motivation of competent staff to ultimately drive performance levels.
- Assist subordinates in resolution of any problems, discrepancies or inquiries.
Reporting to: Manager Investments Fund
Duration: Permanent
Probation: 100 Working days
Working Hours: Sunday to Thursday From 08:00 to 15:00
Travel requirements: If Required
Other Benefits: Health & Life Insurance
REQUIREMENTS
- University degree in Financial Management (MBA, finance)
- CFA preferable
- At least 6 years of experience in financial services Investment sector of which a minimum of 2 years should be in a similar position I responsibility.
Soft Skills and Personality traits:
- Client orientation
- Decision making and risk management
- Professional development
- Team work and leadership
- Results oriented and execution excellence.
- Communication and Negotiation Skills
- Fund/Equity Management
- Financial Data Interpretation and Analysis
- Goal Driven
- Customer Focus
- Adaptability to Fast-paced Environments
- Self-disciplined
- Strong Analytical and Numerical Skills
- Problem Solving
Age Range: Any
Gender Preference: Any
Nationality Preference: Any
Language Fluency: English & Arabic
Current Location: Kuwait
ABOUT THE COMPANY
One of the top investment company in Kuwait.
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