Monday, 31 December 2012

Job Vacancies at Nigeria sovereign Investment Authority

The Nigeria Sovereign Investment Authority
(NSIA) is a recently established Sovereign
Wealth Fund (SWF) for the benefit of the
Federal Republic of Nigeria. The Authority
will take off with an initial funding of US$1
The NSIA is legislated to invest pledged
funds on behalf of the people of Nigeria for
their medium and long-term benefit
through investments:
(i) Savings for future generations
(ii) Infrastructure development and
(iii) The stabilization of the Nigerian
Reporting to the CEO the successful
candidate will be responsible for ensuring
effective management and utilization of the
Authority’s financial resources in line with
its corporate objectives
First degree in accounting or any related
finance/business related field
Professional accounting qualification e.g
At least 12 years related experience of
which 4 years in managerial role
Experience in asset/investment
management organisation will be a plus
Good understanding of foreign exchange
operations and regulations and other
related regulations
Advanced financial and accounting
knowledge including in depth
understanding of international and
Nigerian accounting and financial reporting
standards and hands on experience in
financial planning and analysis
Strong business acumen, maturity and tact
including ability to relate with highest level
of management of financial institutions and
other stakeholders
Coordinate the development and
implementation of finance and accounting
policies, processes and procedures in line
with best practices while ensuring
adequate in built controls
Develop and implement robust cost
management strategies to monitor and
control costs across the organisation
Facilitate the budgeting process and ensure
effective budget performance of the
authority, adherence to the budget and
other key financial management elements
Ensure timely remittance of all statutory
deductions to the relevant bodies e.g
pension and taxes and manage the
interface between the authority and
external auditors
Provide advice to the management team on
all financial issues. copied from:
Continually review the effectiveness of the
authority’s finance policies, procedures and
processes and identify improvement
opportunities and authorize expenditure/
transactions in line with the approved
financial authority limits
Report to the CEO, provision of legal
services to the authority on matters of
litigation, land/property document
perfection, contracts and other
transactions that have legal implications to
effectively mitigate the Authority’s exposure
First degree in law
Related professional and postgraduate
At least 12 years related experience of
which 4 years at strategic management
Good knowledge of leading practices in
secretariats services and corporate
Good knowledge and understanding of the
Nigerian legal services
Coordinate monitor and ensure the
Authority’s overall compliance with
statutory and related regulatory
Provide on going legal and regulatory
advisory for operational and investment
specific matters across the organisation
Manage the relationships with external
solicitors and arbitrators
Monitor and advise on litigation claims and
ensure minimal damage is sustained by the
Coordinate the drafting of all legal
documentations between the authority and
3rd parties required and relevant
Attend board and other committee
meetings and provide required secretarial
Vet documents held under seal and
maintain proper custody of the authority’s
seal and provide secretarial and
administrative support in the execution of
the authority’s corporate governance
Reporting to the chief risk officer, will
manage all investment related risks
including transaction and project specific
First degree or equivalent in finance or any
other business related field
Relevant post graduate or professional
At least 10 years experience of which 3
years in management role
Relevant experience in market risk is a plus
Strong understanding of investment risk
Perform comprehensive market assessment
including statistical analyses and provide
up to date information to guide the
Authority’s investment decisions
Continuously review/assess the risks facing
the authority’s investments in order to
proactively establish appropriate mitigating
controls and monitoring mechanism/
Define and continuously review the
authority’s investment risk policies,
processes and activities, define risk limits/
thresholds for each of the funds, monitor
the risk profiles accordingly and escalate/
report on and manage indicators outside
thresholds with risk owners and make
recommendations for improvements
Generate regular reports to executive
management on risk profiles of the
authority’s investments
Stay abreast of industry trends, events,
issues and developments to enable the
development and implementation of
appropriate control measures and
monitoring mechanism as requires
Report to the chief financial officer CFO
responsible for managing the authority’s
financial transactions, ensuring constant
availability of accurate and current financial
information and resources in line with
NSIA’s business objectives
Contribute to the development and
implementation of finance and accounting
policies, procedures and processes in line
with best practices while ensuring
adequate in built controls
Participate in the budgeting process and
provide regular information on budget
performance monitoring and review
Prepare invoice schedules and cash
forecasts. copied from:
Ensure timely processing of all expenditure
including payroll, staff loan/advances, tax
returns and pension remittances
Ensure timely capture of the authority’s
receivables and payables
Create, review and reconcile relevant tax
accounts – VAT, PAYE, WHT etc in order to
ensure completeness, accuracy and validity
Remit all statutory deductions to the related
bodies on a timely basis
Assist in the preparation of the authority’s
financial statements
First degree in accounting or related
finance/business related field
Professional certificate in accounting e.g
ACA, ACCA will be added advantage
At least 7 years experience of which 2 years
in supervisory role
Related experience in an asset/investment
management organisation is a plus
Hands on experience in finance and
accounting functions and treasury
Strong financial and accounting knowledge
including in depth understanding of
international and Nigerian accounting and
financial reporting standards
Understanding of global financial markets,
domestic macro economic policy issues,
local and global SWF governance and
regulatory frameworks
Strong professional profile and high ethical
standards and integrity
Strong leadership, business management,
interpersonal and influencing skills with
excellent track record of measurable results
Excellent communication skills
Ability to multi task and function effectively
under pressure
Appreciate understanding of the NSIA’s
Quote the appropriate references number
as the subject of the email and send CV in
MS word and saved with full names latest
7th January 2013 to:

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