Investment Accountant

Job Description

The iTaukei Land Trust Board (TLTB), formerly known as Native Land Trust Board (NLTB) derives its existence from the Native Land Trust Act of 1940. Its core mandate is to manage iTaukei Lands with its Vision “To Excel in Land Services and the Economic Empowerment of our Landowners” TLTB Core Business is Sustainable Land Development to enrich the lives and livelihoods of our landowners. Our organizational Values are – Trust & Transparency, Accountability, United. Knowledgeable, Effectiveness & Efficiency and Integrity & Inclusivity.

The Investment Accountant will have primary day-to-day responsibility for planning, implementing, managing and controlling all investment related activities of the TLTB. This will include direct responsibility for accounting, finance, budgeting and forecasting, strategic planning, costing, and financial management of all invested funds.

Outcomes

Organisational Stakeholders
1. Performance Management & Business Intelligence
Responsible for the accounting of the Board’s Finance and Trust investment portfolios. Advise and recommend to the Investment Committee, the Corporate Governance Committee and the Board of Trustees the best alternative investment strategies and options. Review investment portfolio on a monthly basis. Responsible for managing the Board’s investment portfolio in a transparent manner. Invoicing and receipting of interest income in the Investment Module. Prompt monthly update of the investment portfolio in the Investment Module. Monitor, negotiate and update data on maturing investments with financial and credit institutions. To manage the Board's portfolio of investment, to record the investment activities, to analyze the possible variances and to make the necessary entries in the journals by interacting with the financial and credit institutions. To perform a detailed review of the yearly audited financial statements, make plans for investment options, and after properly reviewing it, document it in an appropriate manner to be reviewed by the internal and external resources. To provide assistance in the preparation of valuation materials and to assist in monitoring of valuation procedures. To update the data related to investment in the Investment Module on a monthly basis so that it can be analyzed and reviewed by the Investment Committee. Further, it will help in identifying the errors and working towards solving the discrepancies involved in it. To take an active part in preparing the yearly budget for investments and assist in the timely and accurate reporting of all the transactions related to investment. To coordinate and manage all the aspects related to the general ledger accounting for all the investments and to interact with the investment accounting system as well as the financial and credit institutions. Secretary to the Investment Committee and will co-ordinate and facilitate meetings and monitoring of the action plan matrix.
2. Risk Management
Support the Risk Department by conducting regular effective risk analysis (i.e. variance analysis, trends) and reviews, ensuring proper financial and operational controls are in place. Create strategies to mitigate financial and operational risk in the region, working closely with Risk Management committee.
3. Business Services
Support the development of the regional strategy, with a focus on ensuring sufficient capacity and support in the area of business operations. Ensure excellent people management and development, in accordance with TLTB High Performance Organisation. Support the design and implementation of any required new systems, processes and policies, working in coordination with the functional teams in the Head Office, Regions and Sub-regions.
4. Demonstrate TLTB image and values standards at all times
Integrity of information maintained Confidentiality of information ensured Professional and ethical standards sustained Business Excellence participate in QCC, CSR and 5s
5. Customer Service
Quality and efficient quality service for internal and external clients of the Board.
6. Continuous Learning
Continuous learning and development of own skills and knowledge base is ensured.
7. Efficient and effective delivery of any other assigned work.
.

Responsibilities - Critical Competencies

Competence	Description
Business
Strategic Development	Establish the strategic direction and steer the organisation towards its goals
Business Performance	Manage the performance of the organisation.
Risk Management	Analyse and manage risk.
Change Management	Implement and manage changing situations resulting from a change in strategic/business.
Planning	Deliver results by developing, reviewing or following a work plan, action plan or operational plan.
Resource Management	Deliver results through the efficient and effective allocation and use of supplies , equipment and people.
Systems and Procedures	Develop and/or apply procedures to assist the organisation achieve its goals.
Information Analysis	Make informed decisions by collecting and interpreting data and information
Documentation	Communicate using formal business writing.
Communication	Exchange information through verbal communication
Customer
Customer Commitment	Demonstrate a commitment to customer service - both internal and external customers.
Quality Focus	Deliver quality.
Organisational Values	Display the organisation's image and value standards.
Social and Cultural Awareness	Respond respectfully and effectively to people of different cultural and social backgrounds.
People
Team Orientation	Work in a team towards a common aim.
Facilitation	Assist the progress of work ensuring its timely and effective completion.
Learning	Develop the competencies of self and others to enhance performance.
Professional
Technical Strength	Demonstrate knowledge of a specialist discipline.
Compliance	Comply with relevant laws and the policies and procedures of the organisation.
Financial Application	Apply financial principles and practices.
Mathematical Reasoning	Apply mathematical reasoning.
Technology Application	Apply technology.

Qualifications

Qualification	Discipline	Notes
Preferred
Degree	Accounting, Financial Management

Work Knowledge and Experience

 3 years of highly relevant experience in a specific area of work, requiring specialized training
 Prepares and maintains monthly investment records and reconciliations for the Board.
 Compiles investment information into meaningful report.
 Understanding of and commitment to TLTB SCP Targets, principles and objectives, and policies.
 Very strong analytical and conceptual thinking skills; able to understand highly complex issues and translate them into simple, workable actions and plans.
 Ability to work independently and also to work as a member of a team.
 Delivers information in a useful and appropriate way to the desired audience.
 Communicates any areas of concern on the investment information presented
 High level of self-awareness, ability to work under pressure and commitment to meeting deadlines
 Demonstrated high level written and oral communication skills.
 Excellent interpersonal and presentation skills.
 Strong research and analytical skills.
 Seeks to innovate and implement simple and efficient processes and systems

Requirements

Language Proficiency
Excellent command of English
Knowledge of another language
Professional Associations
Member of Fiji Institute of Accountants
Regulatory Compliance Requirements
Driver’s License

Interactions

Interaction	Comments
Internal
All staff
Audit and Finance team
Regional and Headquarters
Executive Management
Management Team
External
Regulators
Auditors
Financial Institutions
Investment institutions
Landowners
Stakeholders
Taxation Authority
Customers

Attributes

Attribute	Definition
Behavioural Styles
Accountable	Assumes full responsibility for own actions and identifies with the success or failure of own part of the overall work/goal.
Detail oriented	Attends to the small elements of a task/activity, ensuring completeness and accuracy.
Innovative	Devises new and creative ways to do things comes up with original ideas.
Integrity	Adherence to moral and ethical principles; soundness of moral character; honesty.
Punctuality	Completes a required task or fulfills an obligation before or at a previously designated time
Reliable	Is able to be trusted to do what is expected or has been promised, puts in a great amount of effort believing in the value of work.
Interpersonal Styles
Customer/Client Focused	Focused on client and customer satisfaction and ensuring high levels of service are maintained at all times
Objective	Impartial and honest in dealings with others, eliminating own feelings and view to reach a balanced judgement.
Realistic	Shows concern for facts and reality, rejecting the impractical.
Self Sufficient and Assured	Readily copes with situations without recourse/need of others, showing confidence and belief in oneself and one's own abilities
Team Oriented	Enjoys being with others as part of a group or team.
Thinking Styles
Analytic	Able to separate things into their constituent elements in order to study or examine them, draw conclusions, or solve problems.
Decisive	Reaches conclusions, promptly and firmly.
Disciplined / Systematic	Is controlled in conduct, shows an orderly pattern of behaviour, following a methodical and thorough approach
Holistic thinker	Considers issues/situations as a whole rather than analysing or dissecting the parts.
Numerate	Shows abilities in quantitative thought and expression.
Well organised	Controls tasks in a well thought out and critical manner.

Fiji

Location

24 Aug 2024

Date Posted

10 months ago

Closing Date

N/A

Salary

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