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Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries.
Job Description
The role entails the implementation of effective financial management for Old Mutual Corporate; which includes OMART.
To be an essential part of the leadership team, the Finance Manager will provide strategic, financial and operational input and will support both the Old Mutual Corporate CFO and OMART (Old Mutual Alternative Risk Transfer) , ensuring sound financial control and that business decisions are sound.
This person shall have a combination of strong business, financial, strategic, and analytical skills to ensure the provision of business and support services (Finance, Operations, Legal, and Risk management) is of a high standard and enables both Old Mutual Corporate and OMART to meet its objectives of providing its clients and staff with responsive end to end business systems and timely and accurate financial and business information.
Manages a team in Old Mutual Corporate and oversees financial control in OMART.
Overview of Role Description:
Being the Financial Manager of Old Mutual Corporate and OMART, this role will provide a strong business partnership to the Senior Financial Manager, CFO and OMART for achievement of the overall business objectives as defined in the business plan or directed by OMART’s Board.
Developing financial processes and performance metrics.
Integrating sound sustainable financial function across Old Mutual Corporate and OMART.
Prepare for the implementation of IFRS17; by delivering to the overall programme timeline. This includes overseeing OMART; which would require insurance disclosure akin to that of a separate insurance company.
Develop, report on and interpret cost drivers, KPI’s and benchmarks. Provide commentary on financial results and implications and implements corrective actions to be taken.
Manage the financial effect of transactions throughout the Old Mutual Corporate value chain; which spans distribution, administration, product management and group reporting.
Drives commercial aspects throughout Corporate and OMART.
Assisting with the development and implementation of the business strategy and business plan from a financial perspective.
Key result areas and work descriptors:
Generic Key Results Areas:
Business partnering
Network with stakeholders throughout the Old Mutual Corporate value chain; including OMART so as to understand their business requirements and proactively find ways of meeting those requirements.
Drives commercial aspects of the business.
Financial control
Responsible for ensuring sound financial control and reconciliation to PAS.
Ensures appropriate financial controls are applied throughout both Old Mutual Corporate and OMART.
Integrating sound sustainable financial function across Old Mutual Corporate and OMART that will facilitate sound application of IFRS17. OMART, a cell captive, requires extensive insurance company level insurance disclosure.
Manages the delivery of financial information that it is valid, accurate and complete. Carries overall responsibility for the preparation and quality of financial reporting.
Financial management
Proactively provides analysis of financial results and recommends appropriate action to senior management.
Ensures an effective expense management process is followed through the business and maintains tight control over expenses.
Produces business financial reports with meaningful analysis and commentary.
Identifies opportunities to improve profitability and makes recommendations to senior management.
Financial strategy
Responsible for driving the financial aspects of the Business Planning process. Translate strategy into the business plan for Corporate and OMART over the business planning horizon.
Contributes to and implements financial strategy through teams reporting to other managers.
Drives and influences the commercial aspects of Corporate and OMART.
Governance & compliance
Drives the improvement of financial operating practices in Corporate and OMART.
Management effectiveness
Influences the day to day delivery of financial support from Group Finance and throughout the Old Mutual Corporate value chain.
Role Qualifications:
CA(SA) (or at a minimum at a tertiary finance qualification combined with relevant experience at an auditing firm (e.g. articles))
15 years of relevant experience in a finance function of an insurer; including retirement fund administration
Relevant financial experience of a cell captive insurer
Working knowledge of IFRS17
Job Description
An exciting opportunity exists in the Old Mutual Wealth (OMW) Product Development team. The team sits within the OMW business and works closely with all parts of the business from distribution through to servicing, IT, customer solutions and finance.
The OMW Product Development team looks after Old Mutual’s range of retail investment platform products for the high income and high net worth market. The team is responsible for developing and enhancing products as well as ongoing management and monitoring of the products. The team is involved in lots of project work, and are knowledge experts for retail investment platform products (single premium investments, retirement savings and annuities), providing support to various parts of the business.
This role will support the product development team in the strategic project and product work being done, as well as assisting others in the business with issues affecting clients and financial planners. It involves a combination of technical problem solving work, while being able to collaborate (and needing to communicate) both within and outside of the team.
In this role you will work alongside the experienced product development team members – supporting them and tapping into their knowledge and skills. You will assist with the developments the team is involved in, sourcing and providing input to assist with decisions, and testing developments to ensure accuracy before they are made available to clients and financial planners. You will also work on your own, monitoring and managing certain aspects of the existing products. This includes providing support to the rest of the business on these products. You will be able to engage with and learn from the rest of the product development team as you progress through this work.
Data work to support projects and developments:
Extracting data, aggregating it with data from alternative sources, and manipulating the data so that it can be used for analysis.
Analysis of data will be done in collaboration with team members and will be used to inform strategic decisions relating to product developments and projects.
Product testing:
Testing product developments and enhancements for accuracy and alignment to intended outcomes, before they are made available to clients and financial planners.
Regular product monitoring:
Monitoring key product metrics to ensure products are meeting their proposed targets and remain appropriate for the intended customer segment; and highlighting any issues that may arise.
Implementing and monitoring controls to ensure that products, rules and fees are performing as intended; and highlighting any issues that may arise.
Product management and queries:
Providing technical product input to, and reviewing technical product material for other teams in the OMW business.
Providing technical support for client and financial planner queries that require more thorough knowledge or calculations.
Managing the workflow of queries and calculations, including engaging with those requesting to align on timelines.
Ad-hoc investigations:
Investigate issues that arise from time to time, including managing timelines with the person who requested it, and presenting the findings of the investigation in a clear manner that is appropriate and understandable for the requestor.
Requirements: Skills, Qualifications and Experience required
Actuarial student with at least 7 actuarial exemptions
Strong technical skills and attention to detail
Good problem solving skills
Ability to collaborate effectively with others
Ability to communicate effectively to diverse technical and non-technical audiences (written and verbal)
Strong stakeholder engagement skills
Quick learner with an energetic and pro-active attitude
Ability to successfully manage several priorities at once
Job Description
The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.
An excellent opportunity exists for an entrepreneurial, ambitious individual in our Sandton Branch. The position of Business Consultant (also known as Broker Consultant) provides you with the opportunity to flex your business development and marketing skills while effectively determining your own rewards!
Key focus of the role:
We are looking for an individual with a passion for, and proven track record, in the marketing of risk solutions to brokers. The incumbent will undertake third party marketing (selling) and relationship building with brokers. The BC endeavours to increase Old Mutual’s market share by means of maximising business submission and retention to Old Mutual through;
Marketing (sell) OM‘s products to brokers, with a specific focus on our risk solutions
Supporting the broker in their practice (cost efficiency and compliance
Promoting and educating(up-skilling)brokers on OM’s offering/products
Building partnering relationships with brokers
Promoting self-service tool and systems usage with brokers
Partnering with the Sales Support to ensure efficient administration
Role Qualifications:
Grade 12
A commercial degree/diploma will be an added advantage.
Knowledge of the Financial Services industry is essential
At least 2 years experience as a Broker Consultant or in similar role is essential.
Code 8 driver’s license and own transport.
Self-starter/self-driven/self-managed
Entrepreneurial/opportunistic/innovative
Socially confident and skilled to communicate well
Energy and positive attitude/o
Service and customer focused
Relationship builder
Manage conflict (brokers)
Goal and target motivated
Sales ability and marketing orientation
Tenacity and resilience
Negotiation skills/Handling resistance
Competencies:
This role requires high levels of:
Building Relationships
Decision Making
Gaining Commitment
Initiating Action
Sales Ability
Technical Knowledge
Tenacity
Aspires to be a Financial Advisor
We are looking for self-motivated and dynamic individuals who have a passionate entrepreneurial spirit to join one of Africa's leading insurance companies.
The role at a glance is about championing our valued customers to achieve their lifetime goals by identifying their financial needs, providing sound financial advice, recommending and implementing "fit for purpose" financial plans and solutions.
Use the link(s) below to apply on company website.
Interested and qualified? Go to Old Mutual on oldmutual.wd3.myworkdayjobs.com to apply
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