OMLACSA Regulatory Manager at Old Mutual South Africa

Reporting responsibilities:
To manage the OMLACSA Regulatory Reporting team, this includes:

• Owning the process of delivering the quarterly and annual OMLACSA returns to the Prudential Authority;
• Owning and delivering the OMLACSA reporting requirements to the SARB and ASISA;
• Manage the delivery of the OMLACSA actual, forecast and business plan capital metrics for internal and external reporting purposes to ensure these are produced with supporting analysis on a timely basis, including the production of relevant elements of the capital dashboard for BSM;
• Provide input as required into the ORSA process;
• Manage the external audit process to ensure timely and effective delivery of the audit of the OMLACSA regulatory returns;
• Support the Head of Regulatory Reporting in the production of Regulatory reporting updates for the Group Audit Committee;

Other responsibilities:

• Completion of applications to be submitted to the PA relating to OMLACSA solvency issues;
• Review guidance issued by Regulators and provide feedback on these.
• Keep abreast of current regulatory developments and ensure the reporting processes comply with new requirements.

All areas:

• Assist with the interpretation and communication of complex issues and concepts to stakeholders;
• Continuously improve the efficiency and capabilities of the Group regulatory team and participate in the broader Finance initiatives and Ad hoc projects across the Group;
• Ensure that effective and efficient systems, processes and controls are maintained for Group regulatory reporting to appropriate materiality;
• Other ad hoc projects and activities as required.

Management effectiveness:

• Manage and develop a minimum of 1 direct report;
• Drives operational excellence through active process review and improvement, not afraid to challenge status quo;
• Manage interdependencies and relationships with key stakeholders across the Group Finance function, Group Treasury and Balance Sheet Management, Group Actuarial and Segment Finance teams.
• Provide guidance to the team and business units on the practical application of OMLACSA Solo regulatory reporting to ensure complete and accurate reporting;

Qualifications, Skills And Experience

• Qualified CA (SA) with minimum 3 years post qualification experience
• A background in Regulatory Reporting within the Financial Services industry is required
• Thorough understanding of Insurance Act Requirements;
• Experience in reporting of a listed multi-national will be beneficial
• Understanding of legal and management consolidation structures with a strong appreciation of need for process disciplines and controls
• Flexibility and willingness to work outside strictly defined role and hours when required
• Ability to deal with complex issues
• Attention to detail and strong analytical skills
• Strong organizational and project management skills
• Ability to interact with senior management
• Willing and able to learn fast and assimilate a significant amount of information
• Able to work constructively under pressure and adapt to change
• People management
• Motivated self-starter with the ability to cut through complex issues, proactive approach to the resolution of problems and obstacles
• Clear credit & criminal records