Accountant General’s Department (AGD) invites applications for the post of Investment Officer (FMG/PA 2)

Job Purpose

Under the supervision of the Investment Analyst, the Investment Officer provides technical services and investment information for the preparation and implementation of long and short-term Investment Plans. He/she will advise regarding types and maturities of securities best suited to the investment needs of the Government of Jamaica.

Key Responsibilities
Technical:

• Provides a high level of investment expertise;
• Serves as an expert technical advisor and liaison with MDAs;
• Manages assigned Investment Portfolios to ensure that the return on investment from the portfolios meets or exceeds benchmark returns, with prudent levels of risk;
• Structures and negotiates complex investments/legal documents;
• Maintains positive working relationships with financial service providers and Investment Managers;
• Develops and/or implements asset allocations and strategies for investments;
• Evaluates continuously long-term and short-term Investment strategies;
• Reviews and recommends changes to investment policies and asset allocations based on the market conditions;
• Networks actively and sources new Investment opportunities;
• Undertakes research, analysis and implementation of Investment strategies, referencing Financial Periodicals, Securities Manuals, Stock and Bond reports and other Investment material to obtain accounting information, economic trends and other financial data;
• Prepares and delivers investment presentations for public meetings;
• Prepares Special Studies and Reports to provide information for Public Education and inform investment decisions;
  Maintains records and prepares concise reports of investment activities;
• Performs any other related duties that may be assigned from time to time.

Required Knowledge, Skills and Competencies

• Analytical Thinking, Decision Making, and Problem Solving: The capacity to analyze problems promptly, choose between alternatives, and effect meaningful solutions.
• Strategic Vision: The ability to demonstrate awareness of and or anticipate changing environmental trends, industry opportunities and threats/risks.
• Performance Management: The ability to align resources, systems, standards and activities to effectively, efficiently and consistently meet the goals and objectives of the division in a consistent, effective and efficient manner.
• Collaboration and Team Work: The ability to be a collaborative business leader, and an inspiring professional who shows a genuine intention to participate and work co-operatively with others in pursuit of team goals.
• Customer and Quality Focus: The ability to continuously ensure high standards of quality and service delivery to meet customers’ expectations.
• Emotional Intelligence: Possession of self-awareness, self-management, social awareness, and social skills – The ability to display behaviours appropriate to the AGD’s business and social environment.
• Integrity: The ability to consistently demonstrate sound ethical standards, observe the codes of conduct for employees and codes of professional practice, and show consistency between established values and behaviours, in order to build trust and credibility.
• Interpersonal skills: The ability to display sensitivity towards others, interact collaboratively with colleagues, and to build long term internal and external relationships and gain support to achieve desired objectives.
• Managing the Client Interface: Ability to work effectively with others, both internal and external to the Department, to deliver acceptable, customer-oriented and high quality service.
• Oral and Written Communication: The ability to communicate proficiently orally, in writing, and in one- on- ones face- to- face, with excellent public speaking skills.
• Ability to work effectively under pressure
• Sound knowledge of Accounting practices and applications
• Sound knowledge of how financial markets operate
• Comprehensive knowledge of investment strategies banking, and financial instruments
• General knowledge of International Public Sector Accounting Standards (IPSAS)
• Knowledge of Government Accounting
• Sound knowledge in developing financial strategies; identifying monetary resources; developing action plans
• General knowledge of public treasury operations
• Sound knowledge of the FAA Act, GAAP and other reporting requirements for investments and other financial instruments

• Bachelor’s Degree in Accounting /Management Studies with Accounting or BBA from a recognized University, or ACCA Level 2, or related. Special consideration to be given to individuals with an ASc – Accounting, MIND, along with the Diploma in Government Accounting, MIND and a minimum of 5 years’ experience in accounting;
• Three (3) years of experience in a similar capacity;
• Experience developing and analyzing financial, mathematical and statistical models.

Special Conditions Associated with the Job

• May be required to travel locally (this position requires up to 20% travel);
• Pressured working conditions with critical deadlines.

Please note that only shortlisted applicants will be contacted