Current Opportunities at PPS

Job Advert Summary    

• The Head of Capital & Balance Sheet Management in Actuarial Services provides effective leadership and management to the Actuarial Services Capital team, and will be responsible for capital management, investment management, adequacy of re-insurance programs, solvency and statutory reporting with a key focus on Own Risk and Solvency deliverables and Enterprise Risk Management.  This position will have interaction with other teams within the Actuarial Services department, as well as with other departments within the broader PPS Group.  It is also expected that the incumbent interacts with the Statutory Actuary and the Group’s external auditors. The role will report to the Group Executive: Actuarial Services. 

Minimum Requirements    
Qualifications:

• Matric.
• Completed university honours degree majoring in Actuarial Science.
• Attained a Fellowship within the Actuarial Society of South Africa (ASSA), Institute or Faculty of Actuaries (UK) or another recognised body, i.e a qualified actuary. 
• Advanced computer knowledge - MS Outlook, Excel and Word are necessary, and some PROPHET including DCS (actuarial software) knowledge is preferable.
• A working knowledge of SQL, VBA and other coding languages will be preferred.

Experience:

• Must have at least 5 years’ experience in the Life Insurance actuarial environment, and experience of Solvency Capital and Economic Capital principles will be preferable.
• Attention to detail is critical.
• Good verbal and written communication skills and the ability to lead a team of 3-5 actuarial resources.  

Knowledge:

• Knowledge of actuarial principles and retail insurance products.
• Knowledge and background of the financial services industry.
• Ability to write reports and present technical concepts to senior management, Committees and the Board.
• Knowledge of various asset classes, characteristics and risks.

Interpersonal and Intrapersonal Skills:

• Organisational and management skills.
• Confident.
• Self-starter.
• Persuasive and influential.
• Target-Driven.
• Manages expectations.
• Resilient.
• Responsible & accountable.
• Resourceful problem solver.

Duties and Responsibilities    

• Directs and develops goals for the Actuarial Services Capital team.

Responsible for regular actuarial investigations, including asset liability modelling, reinsurance, economic capital calculations as well as stress & scenario testing and risk appetite. This will involve:

• Monitor solvency and demonstrate capital optimisation through the development and calculation of accurate Economic Capital metrics that are used as a decision-making tool in developing strategy, setting budgets and allocation of capital.
• Regular (re)development of economic capital calculation models to ensure alignment to regulatory, PPS policies & frameworks and business requirements.
• Ensure all assets and investments are managed optimally to ensure investment objectives are met, either to maximise risk adjusted returns or to match liabilities effectively, setting mandates and implementing asset-liability matching procedures.
• Provide actuarial inputs into the ORSA and related reports.
• Responsible for the completion of statutory returns, particularly the SAM Qualitative return and Market Risk component of the Quantitative Return.
• Alignment of PPS Corporate Actuarial Department output with published ASSA Guidance notes, PPS policies & framework and other regulatory requirements.
• Responsible for adherence to PPS SAM policies and frameworks.
• Alignment to proposed regulatory and best practice changes in South Africa and Namibia.
• Support reporting to the Boards, Risk Committee and Actuarial Committee.
• Management of Capital in the group.

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Job Advert Summary    
Scope

• Reporting to the Manager: Group Finance, the incumbent is responsible for the capturing (General Ledger), reporting, reconciling and commentary of numbers originating from the Insurance System (‘IAA’). Specific focus is on Premiums, Claims, Reinsurance and Commissions.

Minimum Requirements    
Qualifications

• Newly qualified CA(SA)
• 0 – 2 years’ post articles experience

Knowledge & Experience

• Knowledge of the insurance industry an advantage
• Good accounting knowledge and proven track record
• Exposure to IFRS 17 an advantage

Duties and Responsibilities    
Key Responsibilities

Processing

• Analyse the monthly IAA trial balance for unusual movements, query and follow through with Operational finance. Importing the IAA Trial balance into the General Ledger system
• Processing additional monthly standard journals received from Operational Accounts department as well as other Group finance journals, as required.
• Managing deliverables including analysis of key reports from Operational Accounts Department
• Implementation of new accounts and financial processes for new products and changes in operations

Reconciling

• Reconciling all IAA trial balance accounts to the general ledger
• Reconciling Premiums, Claims, Reinsurance and Commissions schedules to the trial balance

Financial Reporting

• Provide management and PPS Board with accurate information and value-added commentary for month end and year end reporting.
• Investigate and explain variances to budget on all key numbers.
• Performance of the monthly profit allocation calculation

Budgeting

• Preparing all IAA related Income and Expense budgets
• Preparing budget presentations for Exco and Board budget meetings with value added commentary on all variances.

Statutory reporting

• Assist and prepare financial information for the annual financial statements.
• Attending to Audit queries
• Preparation of the year-end profit allocation calculation

Business related issues

• Respond to queries from business timeously.

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Job Advert Summary    

• An exciting and challenging opportunity for an energetic, attention to detail and results driven Financial Accountant exists within the Corporate Finance Department. This role will report to the Head of Department: Finance and involves the responsibility and oversight of the full accounting and reporting function.  

Minimum Requirements    
EDUCATION:

• Matric (Grade 12).
• BCom Hons in Finance or Accounting.
• CA (SA) will be advantageous.

 EXPERIENCE:

• At least two years’, post articles, working experience in a relevant financial environment.

KNOWLEDGE AND SKILLS:

• Solid understanding of accounting principles.
• Good accounting knowledge and proven track record in finance.
• Knowledge and experience of VIP and Pastel will be an advantage.
• Adept in the use of MS Office particularly Excel, Word and PowerPoint.
• Working knowledge of statutory legislation and regulation.
• Excellent administrative skills.
• Good writing skills.
• Sound communication skills.
• The ability to function independently as well as in a team.
• The ability to meet deadlines accurately under pressure.
• The ability to motivate and influence a team.

Duties and Responsibilities    

• Control and maintain the complete accounting system.
• Implement and maintain strong internal financial controls including ongoing process enhancements, automations and value-add.
• Accurate allocation of transactions and journals.
• Oversight of the creditors & debtors processes.
• Oversight and reporting of the payroll function.
• Oversight of the facilities management function.
• Establish and maintain sound work relations between Human Capital Group & Corporate Finance.
• Responsible for submission and compliance of statutory returns including tax returns.
• Ensure accurate monthly financial reporting and value-added commentary.
• Ensure compliance to, and implementation of new International Financial Reporting Standards.
• Preparation of the annual financial statements in compliance with IFRS.
• Compile the company’s budget and monitor compliance to it.
• Responsible for procurement data submission and verification for BBBEE purposes.
• Engaging the internal and external auditors.
• Overall management of the finance and facilities teams.

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Job Advert Summary    

• The role is responsible for the processing and reporting of financial transactions of subsidiaries: PPS Foundation and PPS Property Fund Trust, as well as the PPS Holdings Trust. 
• Reporting to the Manager: Finance, the incumbent is responsible for the full financial function: capturing, reporting, reconciling and commentary of financial information for the entities. Reporting includes management accounts as well as IFRS financials statements.

Minimum Requirements    
Qualification:

• Bachelor of Commerce or
• 5 Years of Financial working experience.

Knowledge & Experience:

• Experience with Property accounting investment and reporting and dealing with property agents is advantageous.
• Proven track record of being involved in the preparation or audit of Annual Financial Statements.   
• Proven track record of being involved in Budgets.
• Proven track record in preparation of VAT returns.

Interpersonal and Intrapersonal Skills:

• Confident.
• Self-starter.
• Able to communicate and confidently work with Senior management.
• Persuasive and influential.
• Good networking skills.
• Good presentation skills.
• Manages expectations.
• Self-aware.
• Professional.
• Responsible & accountable.
• Attention to detail.

Duties and Responsibilities    
Processing:   

• Processing transactions in the General Ledger system including income, expenses, provisions and other.
• Responsible for the invoicing and monitoring of payments between company and subsidiaries
• Authorisation of procurement payment

Month-end reporting:

• Liaison with Property management company for operational Property transactions.
• Commentary on variances in the I/S and B/S for the various entities.
• Monitoring of expenses to Budget by Company / Cost centre and familiar with reasons for variances.
• Preparation of monthly VAT calculations and reconciliations.
• Preparation of Property Trust Dashboard.
• Full responsibility for ensuring PPS Insco/PPS Namibia/Property Trust leases are billed in line with the lease contracts.
• Full administration of lease contracts and lease renewals for PPS Property Trust, PPS Insco and PPS Namibia including contracting process.

Reconciling:

• Reconciling all relevant balance sheet accounts to third party documentation.
• Resolving outstanding issues timeously.

Budgeting:  

• Overseeing and managing the budget process for the various entities.
• Input of budgets for central costs and revenues.
• Review of budgets and obtain a sound knowledge of what is driving income and expenses.
• Preparing budget /forecast presentations for Exco and Board budget meetings

Statutory reporting:

• Preparation of the annual financial statements of the various entities.
• Providing all requested information to auditors and attending to Audit queries 

Team support:

• Providing input into tax and statutory reporting.
• Work closely with bookkeepers & creditors to ensure correct accounting and allocations in General Ledger.
• Assisting with Ad Hoc requests

Ad Hoc:

• Set up of monthly Property work group meetings, minutes and follow up on execution of items.
• Prepare working papers on building sales and purchases.
• Review of property management expense approvals and facilitate approval process.
• Facilitate contract management process for Service Level Agreements.
• Trustee of the Body Corporate of 7 Anerley Property.

Strategic Orientation:

• This role gives technical input into Accounting for all entities.
• Responsible for preparation of General Ledger items, reconciliation and reporting.
• Key person ensuring control environment is sound regarding Financial Reporting.
•  Key in ensuring the SLA is met by the Property Management company

Communication:

• Is articulate and communicates in a logical way and structures information to meet the needs and understanding of intended audiences, including senior management/executives.
• Expresses opinions, information and key points of view clearly and assertively.
• Is confident in conceptualising, building and presenting plans related to presentations.
• Anticipates and responds appropriately to the needs, reactions and feedback of various  stakeholders internally and externally.

Commercial Acumen:

• Able to prioritise and work under pressure.
• Able to meet strict deadlines.
• Managing process and people to meet strategic objectives.
• Demonstrates awareness of industry trends and opportunities and keeps up to date with tax legislation changes.

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Purpose of the Job:

• The key purpose of this role is to provide professional financial services to a client or a member. The successful candidate will be responsible for sourcing, retaining, and growing a membership and client base for eligible professionals by implementing PPS financial solutions in line with the client’s needs.

Minimum Requirements    
Formal Qualifications:

• Matric (Grade 12)
• Relevant commercial/legal/industry specific NQF L6 tertiary qualification is the minimum preferred
• NQF L7 and higher is highly advantageous
• RE 5 completed
• Successful completion of supervisory process
• FAIS fit and proper
• Postgraduate Diploma in Financial Planning advantageous
• CFP advantageous

Experience and Knowledge:

• 2 years’ experience in the Financial Services industry in a Sales role within the risk and investment spaces
• Knowledge and understanding of the dynamics of the professional client market
• Experience and track record in high-performance sales environments
• Knowledge of best practice in Financial Planning and Financial Advisory Services
• Knowledge and understanding of financial planning through meaningful client engagements

 Computer Literacy:

• Proficient in MS Office
• Experience using a CRM system preferable
• Experience using financial planning software

 Interpersonal and Intrapersonal Skills:

• Strong sales, interpersonal and business-orientated person with the acumen to build client relationships
• A passion for the financial planning environment
• Relationship management and networking skills
• Able to plan and manage time effectively
• Analytical and numerical skills with the ability to analyse and interpret statistical information
• Impeccable work ethic
• Able to work independently
• Strong communication
• High attention to detail
• Team-orientated
• Self-motivated and highly driven
• Strong presentation skills
• Resilience and tenacity
• Emotional Intelligence

Duties and Responsibilities    

• Providing suitable advice to best fit the needs and requirements of professionals
• Preparing and presenting proposals to existing and potential clients using state-of-the-art financial planning tools
• Meeting clients to understand their financial objectives
• Explaining complex information relating to Financial Advisory in a clear and effortless way
• Managing, maintaining and building new and existing client relationships
• Growing a client book within the first 24 months and consistently thereafter
• Adhering to compliance, operational procedures and practice management standards
• Staying abreast of product information, performance and industry changes
• Building a professional network and sustainable business within the professional market
• Preference will be given to Employment Equity candidates.
• The individual must have a valid driver’s license and their own reliable vehicle or access to one
• The individual must have clear credit and criminal records - provide 24-months commission statements and SAPS clearance certificate or letters of payment arrangements and recent proof of payments if adverse record
• The individual must be FAIS fit, proper and accredited - obtained RE5 within 2 years of DOFA. Obtained NQF5 industry specific certification within 6 years of DOFA if no other FAIS recognised NQF6 or higher tertiary qualification

Closing Date    
2023/10/28