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  • Posted: Jul 3, 2020
    Deadline: Not specified
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    Old Mutual is an international investment, savings, insurance and banking group. For over 170 years we have been serving the growing insurance and investment needs of our customers, helping them achieve their lifetime financial goals.
    Read more about this company

     

    Quantitive Risk Analyst

    Brief Description

    Group Balance Sheet Management (GBSM) is a Group Finance function across OML.GBSM is a function that is responsible for managing capital, liquidity, shareholder returns and market risk across OML balance sheet, this includes guaranteed products as well as the Group’s Corporate Finance function.

    Economic Value Management (EVM) is an area within GBSM that drives value generation across OML.In essence it translates in the ability to drive shareholder value in the form of RoNAV by either achieving the same result with less resources (capital, liquidity) or achieving a better result with the same resources – increased Earnings (RFO), increased RoNAV, decreasing WACC (weighted average cost of capital) or decreasing amount of capital held (solvency).

    This would entail performing research and analysis of an array of qualitative and quantitative data in developing appropriate value strategies.Analysis of competitors and understanding & developing financial models for capital, market and credit. The role also involves risk management of traditional insurance products (both life and short-term). In addition, the incumbent will be required to provide technical guidance with respect to Economic Value Management (EVM) in Group Treasury & Balance Sheet Management (GTBSM).This role is required to contribute to the overall success and achievement of the stated business objectives.

    KRA's
    The Incumbent Will Primarily Be Responsible For

    • Analyzing data (qualitative & quantitative) across OML and provide solutions that results in enhancement of RoNAV
    • Perform competitor benchmarking – segments & BU.
    • Embedding RoNAV methodology and developing appropriate target setting
    • Develops appropriate financial model solutions for pricing, monitoring and managing risks
    • Evaluates performance of financial models
    • Develops appropriate capital allocation methodology
    • Drive the Economic Value Management (EVM) initiatives within and outside GTBSM.
    • Analyzing BU & OML performance against key metrics.
    • Compile reports on the Group’s consolidated performance in respect of EVM.
    • Business planning – marginal capital evaluation
    • Product economics
    • Identifies, understands and acts on broader opportunities in order to drive longer-term value.
    • Identifies and acts on market and/or competitor trends/opportunities to set, develop and drive strategic value adding change.
       

    Job Requirements
    Minimum Requirements For The Role

    • Actuary/CA with extensive experience in a life insurance company/ postgraduate qualification in accounting.
    • 5 years+ experience in Financial Services Industry is essential
    • Thorough understanding of capital allocation.
    • Comfortable working with and managing relationships with a wide range of internal stakeholders.
    • Takes responsibility for own deliverables, and can manage own time and prioritize as required.
    • Able to analyze complex data, draw conclusions and compile reports of a high standard on findings.
    • Able to remain organized while working across multiple projects.
    • Proactive, self-starter, able to show initiative and work with minimal guidance.
    • Strong written and verbal communications skills: be able to write and present reports committees
    • The ability to work in a team is critical to success in this role.
    • Computer proficiency: advanced Excel, Word and Power Point skills
    • Capacity to work under pressure and meet deadlines.
    • Solution-driven, passionate and energetic.
    • Possess a strong sense of ownership and initiative.

    Additional Details

    • Collaboration (Relating)
    • Customer First
    • Execution
    • Innovation (Perspective)
    • Leading with Influence
    • Personal Mastery (Learning)
    • Strategic

    Method of Application

    Interested and qualified? Go to Old Mutual South Africa on vacancies.oldmutual.co.za to apply

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