Job Opportunities at Old Mutual

Job Description

Role Overview:

The Mass and Foundation Cluster (MFC) Actuarial Finance team has an exciting opportunity for a suitably qualified individual to play a key review and thought leadership role in the valuation space. The team is responsible for financial reporting (IFRS, MCEV and SAM), maintaining (coding and peer review) of Prophet and DCS models, and supporting robust forecasting, business planning and monthly reporting for the segment.

Reporting to the Valuations Manager, the role will allow you to develop sound technical knowledge and grant exposure to coaching.  The successful candidate will be accountable for the end to end reporting process for the MFC Risk product range, from ownership of the actuarial model to reporting of the results to senior stakeholders with appropriate analysis and insights to drive decision making that helps achieve the MFC strategy.  The incumbent will be required to continually review and improve existing methods and processes. The role will participate in various projects, including IFRS 17 implementation, which will present opportunities to develop further insights and influence reporting within and across the business and finance community.

Key Results Areas:

• Financial reporting -  Ensure that valuation results are produced accurately, within agreed deadlines and with appropriate supporting commentary
• Capital management – Support for producing capital calculations accurately and on time
• Business planning / forecasting – Support the team that provides forecasting and ongoing monitoring (outside of valuation periods) of the financial impacts of the OML strategy (by providing the necessary technical calculations)
• Investigations – Undertake investigations (on behalf of Business Partner, Finance Actuary and Actuarial Manager) as will be delegated to you
• Models – Ownership of Prophet and DCS models used in valuations
• Continuous improvements – Enhancements of models and processes that produce IFRS/FSV, MCEV and SAM reporting
• IFRS 17 implementation: Participation in the segment’s involvement in the IFRS 17 project and the transition of reporting into BAU.
• General – Ensure that all actuarial processes are performed as efficiently as possible, and are compliant with the current risk control environment.

Requirements: Skills, Qualifications and Experience required:

• Qualified actuary or actuarial student
• 4 years’ actuarial experience
• Strong technical skills
• Strong detail orientation coupled with the ability to see the “big picture”
• Excellent communication skills (both written and verbal)
• Motivated self-starter who shows initiative, is proactive, looks for ways to improve
• Able to complete tasks within agreed timelines and drive projects to completion with minimal guidance
• Interest in financial modelling software
• Ability to plan and prioritise
• Willing to learn and grow
• High level of accountability

The following would also be advantageous:

• Knowledge of the MFC environment, products and systems
• Valuation experience
• Prophet and DCS models experience

Please note that the appointment may be made at a lower role size depending on the successful candidates’ experience and exam progress.

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.

Skills

• Excellent communication skills, Management Reporting, Prioritization, Proactive Approach, Taking Initiatives

Education

• Fellow Of Actuarial Society Of South Africa (FASSA): Actuarial Science (Required)

Closing Date

• 08 October 2022

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What do we need from you?

• Grade 12 (Matric) certificate
• FAIS compliance
• RE5 an advantage
• A clear criminal and credit check
• A minimum of 3 years working experience (preferably in sales in financial services)
• Proven computer literacy (MS Office suite)
• Excellent communication skills (written and verbal)

Skills

• Articulating, Embracing Change, Goal Planning, Influence, Microsoft Office, Seizing Opportunities, Strategy Development

Education

• High School (Grade 12)

Closing Date

• 17 October 2022

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Job Description

Next176 is a fully owned subsidiary of Old Mutual Limited, founded to create shared value in the future of emerging economies and underserved communities, by delivering disruptive sustainable growth and innovation for future generations.

Our key focus is to deliver growth and value by defending the current business models and by creating new business and revenue streams through the delivery of new disruptive propositions and businesses.

We are looking for a Senior Financial Accountant who enjoys technical accounting to join our dynamic team of experts. This role will ensure the accounting of our new businesses, ventures, and partnership deals are accounted for correctly in the Financial records, collaborating with Group technical accounting where necessary. The role will report to and provide a strong business partnership with the Finance Manager for achievement of the overall business objectives.

Financial Accounting:

• Manages the financial reporting requirements.
• Ensures that all financial accounting transactions and provisions are accurately reflected in the Next176 ledgers and that accounting policies are consistently applied in all the financial information prepared by Next176.
• Responsible for integration of accounting standards and disclosures into the reporting processes and systems of Next176
• Advising on structuring and accounting consequences of proposed corporate activity
• Responsible for the Next176 HFM submission and offline schedules to Old Mutual Limited
• Respond to and manage queries from Group Reporting on internal submissions
• Responsible for Next176 tax submissions including Provisional tax and Annual returns, the review of VAT returns and deferred tax calculations and ensuring tax compliance
• Prepare all regulatory submissions
• Preparation of Next176 audited financials ensuring that disclosures are in accordance with accounting standards, and Companies Act requirements.
• Audit liaisons as per tax, legislative and statutory requirements ensuring audit preparation is done in advance and requests are responded to adequately
• Provides commentary on monthly and Quarterly financial results and the implications thereof and advises on corrective action to be taken;
• Drives & collates monthly submission consisting of reports to venture leads with commentary.

Control environment:

• Maintains a strong financial control environment
• Reviews Balance sheet recons
• Effects on-going changes to internal controls as necessitated by changes in business and corporate governance.

Other:

• Assists in the preparation of annual business plans and quarterly forecasts.

Qualifications, Skills And Required Experience

CA(SA) with minimum 2 years’ relevant post-qualification experience in the financial services industry dealing with a variety of financial services products

• Demonstrated understanding of IFRS and technical application and demonstrated interest in staying up to date with changes in accounting standards
• A self-starter who is able to take initiative and run and drive issues until they are resolved.
• Process orientated with the ability to set up new processes and systems or improve existing ones
• Proven ability to meet and exceed tight business and reporting delivery targets on a consistent basis;
• Ability to work under pressure;
• Self-motivated, energetic team player with a desire to learn new skills and grow
• Ability to multi-task and focus on solving problems,
• Highly organized and structured
• Internal Control & Risk Management
• Advanced Excel, PowerPoint

Skills

• Audit Preparations, Finance, Financial Analysis and Reporting, Financial Controlling, Internal Controls, Management Reporting, Statutory Requirements, Tax Accounting

Education

• Chartered Accountant: Accounting Finance

Closing Date

• 13 October 2022

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Job Description

This role is accountable for the end to end internal and external reporting for subsidiaries of Old Mutual. It includes accounting transactions, reporting, tax calculations and submission.

Key Result Areas:

Financial Reporting

• Compiles and populates records to trial balance level.
• Prepares draft income statement and balance sheet.

Reconciliations

• Ensures accurate reconciliations are done and followed up.
• Reviews control accounts and reconciliations.

Specific to the role

• Perform journals from bank statement movements and other sources
• Processes journal entries in relation to these entities, timeously and accurately.
• Performs calculations to determine financial transactions required
• Ensures that the financial records, including the trail balance is valid, accurate and complete.
• Performs inter-company reconciliations and confirmation of balances, and corrects mismatches timeously.
• Reconciliation of all Balance sheet accounts, including bank account, ensuring that reconciling items are constantly monitored and actioned, and that there are no long outstanding reconciling items.
• Follows up on long outstanding debt owed to and by the business unit
• Prepares documentation for payments on behalf of entities
• Prepares, and submits within agreed deadlines:
• HFM Submissions (Monthly, Half Yearly, Annually)
• Disclosure submissions
• Analytical Reviews
• Tax packs
• CFO sign off
• Assist with preparation of business plan and quarterly forecasts
• Produces Balance sheet reports
• Prepare VAT calculation
• Complete VAT and Tax submissions
• Assist with preparation of the annual financial statements and running of audits until completion
• Compile monthly management accounts including analytical commentary

Role Qualifications, Skills & Experience

• B.Com qualification or higher
• 3-5 years’ relevant finance experience
• Oracle and HFM knowledge is a distinct advantage

Technical Competencies

• Transactional Accounting
• Professional Accounting Standards
• Financial Reporting
• Business Planning, Forecasting and Budgeting
• Financial and Variance Analysis
• Internal Control & Risk Management
• Taxation Statutory Returns

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

Skills

Business Planning, Control Accounts, External Reporting, Financial Analysis and Reporting, Management Accounting, Management Reporting, Reconciliations, Transaction Accounting, Trial Balances

Education

• Bachelor of Commerce (BCom) (Required)

Closing Date

• 08 October 2022

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Job Description

• Responsible for risk evaluation, pricing and selection / rejection of renewal business for all assigned accounts within the portfolio. Identify business inefficiencies and make recommendations to improve the customer’s experience.
• Responsible for risk evaluation, pricing and selection / rejection of new and renewal business for all assigned accounts within the portfolio.
• Analyse commercial lines accounts to make decisions based on individual risk characteristics, exposure analysis, hazard recognition and controls.
• Use underwriting guidelines and organisational best practices to ensure compliance with guidelines / regulations.
• Price business according to organisational underwriting and pricing guidelines. Use creativity and underwriting knowledge to write appropriate risks and retain profitable business within delegated authority levels.
• Partner with Sales to support marketing activities to develop ongoing relationships with brokers to discuss market appetite, quality and profitability of submissions, service standards, and underwriting and/or product changes.
• Partner with Sales to communicate with customers on underwriting issues including, but not limited to, decisions on cancellations, declinations, exposure concerns, and survey results.
• Partner with Sales to identify patterns to resolve or improve issues.
• Participate in customer planning and review processes to identify sales and marketing opportunities.
• Promote the organisation’s product through customer networks and stay abreast of changes within the industry and at competitors.

Skills

Education

Closing Date

• 04 October 2022

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Job Description

• Manage a team of Claims Assessors and Claims Specialists
• Use specialist technical knowledge to train and develop Claims Assessors

both new and ongoing

• Manage complaints, escalations and queries
• Be an active member of relevant committee meetings and industry engagements
• Manage a pre-determined portfolio (e.g. quality, communication, operations, service) supported by relevant teams
• Facilitate engagement sessions and workshops with Distribution channel stakeholders
• Problem solve, investigate, identify root cause and resolve management queries relating to Claims

Personal Effectiveness

• Accepts and lives the company values
• Accountable for service delivery through others
• Collaborates effectively with others to achieve results
• Individually accountable for managing own time, tasks and output quality
• Broadening individual skills on an ongoing basis

Relationship Building

• Maintains and develops relationships with relevant stakeholders

Risk Management

• Strong technical knowledge to evaluate, manage and suppport team
• Quality assurance of Claims assessors’ work
• Auditing
• Fully upskilled and experienced in assessing the Risk Product Range, validity and liability requirements and focused on risk mitigation

Role Requirements

• Matric with Biology, Mathematics or Accounting essential
• Medical or medically aligned degree, e.g. Nursing, Occupational Therapy, Physiotherapy or a three year related diploma would be a distinct advantage
• Minimum 10 years’ Claims assessing and technical Claims experience
• Minimum 5 years’ managing a team of Claims Assessors
• Specialised medical knowledge through learning or experience essential.
• Greenlight & OMP product knowledge essential
• In-depth knowledge of systems and system navigation [AWD, OMEGA, Bancs and Bizagi] is esential
• PC proficiency in MS Office i.e. Word, Excel etc.
• Well-developed interpersonal and negotiation skills
• Manage quality of assessments internally and via Reinsurance partners
• Strong verbal and written communication
• Attention to detail
• Well-developed problem solving skills
• Good presentation skills
• Must be a team player
• Must be willing to work shifts and overtime where necessary

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.

Skills

Education

Closing Date

• 10 October 2022

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Job Description

The role is responsible for analysing, monitoring and reporting on the Old Mutual Climate Change Programme.

KEY RESULT AREAS

Operational Delivery

• Track and support in the development of performance parameters and measurement for sustainability reporting.
• Monitor and report OM’S operational carbon and environmental footprint for internal and external reporting.
• Source data from all sources and report on the impact goals indicators, metrics, and targets.
• Build and maintain a library of information for current and future sustainability application.
• Monitor deliverables of the climate change programme’s workstream.
• Support the provision of impact assurance to all required stakeholders by assisting with the compilation and generation of reports. Ensuring the data and information generated is audit ready.
• Support in the collation and assure reports that meet the Climate Change disclosure requirements, as well as regulatory and legal requirements.
• Build strong internal and external stakeholder relationships to ensure that activities conducted in the climate programme are in good standing with current best practice
• Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and add value to Old Mutual
• Support the dissemination of questionnaires, ratings, and evaluations to external monitoring bodies.
• Support enterprise-wide initiatives when required that support the sustainability strategy, implementation, or opportunity assessment.
• Support the production of sustainability based internal communications in support of impact goals, responsible business causal pathway owners and Sustainability Managers and Executives.

People

• Accountable for service delivery through own efforts.
• Collaborates effectively with others to achieve personal results.
• Individually accountable for managing own time, tasks, and output quality over periods of up to a year.

Finance and Governance

• Understand, interpret, and implement COE specific compliance requirements within GMPAS delivery
• Support reporting of financial and non-financial data in line with workstream requirements.

Role Requirements

• Relevant degree or qualification
• Sound experience in data analytics and reporting essential
• Knowledge of Sustainability practices

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.

Skills

Education

Closing Date

• 10 October 2022