Fund Manager-Based in St Lucia (3-year Contract)

Suitably qualified persons are invited to submit applications to fill the following contract position based in St. Lucia:

General Accountability

The Fund Manager is responsible for leading the operations of a regional Mutual Fund management company, UTC Fund Management Services STL Limited (“UTC FMS”), with a focus on ensuring:

(i)                 strict adherence to contractual agreements, policies, operational procedures, processes and controls;

(ii)                excellent delivery of internal/external stakeholder satisfaction;

(iii)               Mutual Fund marketing and promotion; and

(iv)              economic competitiveness and profitability. 

Key Responsibilities

Provide oversight of the operations of all contracted counterparties.

• Ensuring the implementation of all related policies, procedures, standards and operational guidelines and monitoring the ongoing compliance of contracted counterparties of UTC Global Balanced Fund Limited including (a) Distributors; (b) Custodian; (c) Fund Administrator; (d) Investment Advisor; and (e) Registrar.
• Supporting the Risk Department in the identification of potential exposure.
• Serving as the primary point of escalation for queries or issues between UTC Global Balanced Fund Limited and UTC FMS counterparties (e.g. Custodian, Fund Administrator, Investment Advisor, Registrar, Distributors)
• Developing strategies to improve internal/external customer service delivery.

Collaborate with the relevant stakeholders in the development of policies and procedures for the business.

• Ensuring that policies and procedures are relevant and kept up to date.

Managing Distributor Performance

• Ensuring that the UTC FMS meets all financial targets set for Distributor operations through effective forecasting and monitoring of the Fund’s growth rate. 
• Identifying and making recommendations regarding new Distributor business development and changes to the existing business model as required.
• Assisting with the development of new distribution strategies to ensure increased profitability of UTC FMS in these operations.

• Preparing statistics and reports on Distributor operations.

Manage the payment of Fund-related Fees including those for Distributors, Fund Administrator, Custodian, Registrar and Investment Advisor

• Managing fee payment system.
• Addressing queries relating to fees made by any UTC FMS counterparty

Provide Distributors with the appropriate coaching, counseling, direction and resolution of issues.

• Organising meetings with UTC FMS counterparties to provide updates and discuss issues pertinent to customer service (internal/external) or other matters.
• Collaborating with UTC FMS internal stakeholders and external parties to resolve issues.
• Ensuring that sufficient training is provided on: the UTC Global Balanced Fund Limited, Fund Administration software and Sales and Marketing of the Fund

Ensure that the Fund complies with operational and investment policy and objectives

• Ensuring the administration and settlement of Fund transactions
• Reporting on investment performance to the Board of Directors
• Confirming trades with brokers and counterparties
• Ensuring the accurate and timely calculation of the Net Asset Value of the Fund
• Ensuring the accurate and timely maintenance of the Shareholders’ Register
• Ensuring the transfer of securities of the Fund
• Computing the management fees and distributions
• Ensuring the accurate and timely preparation of Financial Statements for the Fund and the Fund Management company

Formulate and executes the strategic vision. 

• To contribute to the future viability and profitability of the organization.

The selected candidate must possess the following combination of qualifications, skills, training and experience:

• Candidate must be legally authorized to work in St. Lucia
• A Post Graduate Diploma and a First Degree in a relevant field from an accredited tertiary institution.
• A track record as a senior leader for at least six (6) consecutive years
• A minimum of five (5) years’ extensive and successful experience at a senior level within a financial institution.
• Strong technical competence
• Extensive knowledge and experience in the relevant field.
• Suitable combination of training and experience.
• CFA or ACCA certification will be an asset.
• High confidentiality and integrity
• Highly effective leadership, problem solving, communications, negotiations, coaching, team building, project management, planning, organizational and managerial skills.
• Ability to influence, develop and empower employees
• Strong people mastery skills
• Organizational transformation skills
• Critical thinker
• Ability to lead and work with cross functional teams to achieve business targets

Deadline date for submission: 30^th June 2021

Only suitably qualified candidates will be considered.