Job Vacancies at Momentum

Role Purpose

• The individual will be responsible for acquiring, retaining, and growing a client base market for Momentum Medical Aid and its Complementary products to generate new business and to provide after-sales service to clients to ensure client retention, increase market share and contribute to the overall business objectives and its long-term viability.
• This includes providing clients across different market segments (middle-income, affluent, professional market, and business) with expert advice through sound financial planning. This opportunity is set in a franchise environment, focusing on health solutions.
• In line with our Financial Wellness philosophy, we create unique journeys to success for each of our clients by delivering excellent client experience through continuous engagement on their financial needs, in a tangible and practical way.

Requirements

• Matric / equivalent
• FAIS requirements based on DOFA date
• FSCA-approved qualification
• Relevant regulatory examinations (RE5)  if you are already working in the financial services industry.
• 2 years’ experience as a financial advisor
• Has large and solid business, social and close contact networks.

Duties & Responsibilities      

• Meeting with clients to determine their financial goals, needs, and risk tolerance.
• Providing strategic advice on various financial products and services, such as Medical aid, Health insurance, Health Saver, Gap cover Insurance, etc.
• Preparing and reviewing financial plans and ensuring their accuracy and suitability.
• Responding to client queries and resolving any issues.
• Supporting investment professionals and cultivating client relationships.
• Engage with prospect clients to understand their financial needs.
• Sell products that align with the clients’ financial requirements.
• Comply with legislative regulations and adhere to all compliance requirements.

Competencies

• Business Acumen
• Client/ Stakeholder Commitment
• Drive for Results
• Collaboration
• Impact and Influence
• Self-Awareness and Insight

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Role Purpose
Momentum Financial Planning (MFP) is responsible for financial planning within South Africa, while being well-vested in the legislative and regulatory context. Our purpose is to show up to make a positive difference in people’s journeys because we care. By establishing long-term professional relationships built on trust and credibility, a Momentum financial adviser provides clients across different market segments (middle-income, affluent, professional market and business) with expert advice through sound financial planning. Set in a franchise environment, this opportunity offers particular focus on health solutions, allowing you to build in-depth expertise and credibility as a financial adviser in a supportive environment.
In line with our Financial Wellness philosophy, we create unique journeys to success for each of our clients by delivering an excellent client experience through continuous engagement on their financial needs, in a tangible and practical way.
 
Requirements

• Matric / equivalent
• Advantageous: FSCA approved qualification or in process to complete a FSCA approved qualification.
• New to Industry and experienced applicants will all be considered
• Inspired to build a career towards greater purpose and contribution set in a professional, competitive and accountable organisation.
• Looking for a flexible environment where you can determine your own hours as an entrepreneur.
• Has large and solid business, social and close contact networks.
• If required, willingness and motivation to study further to meet requirements.
• Influential, self-driven, customer-focused, resilient and results orientated.

Duties & Responsibilities      

• Determined and have the aptitude to make a success of the role.
• Like the autonomy and the entrepreneurial nature of the role.
• Inspired to live a greater purpose and make a contribution set in a professional, competitive and accountable organisation.
• Meeting with clients to determine their financial goals, needs, and risk tolerance.
• Providing strategic advice on various financial products and services, such as Medical aid, Health insurance, Health Saver, Gap cover Insurance, etc.
• Preparing and reviewing financial plans and ensuring their accuracy and suitability.
• Responding to client queries and resolving any issues.
• Supporting investment professionals and cultivating client relationships.

Competencies

• Business Acumen
• Client/ Stakeholder Commitment
• Drive for Results
• Leads Change and Innovation
• Motivating and Inspiring Team
• Collaboration
• Impact and Influence
• Self-Awareness and Insight
• Diversity and Inclusiveness
• Growing Talent

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Role Purpose

• The Investment Regional General Manager will acquire new IFAs for Momentum, responsible for the effective placing of IFA’s in the best panel with best BC. Ensure a high-performance culture is set and maintained. Drive profitable growth through planning, execution and management of a team of BCs that builds IFA Connections.

Requirements
Qualifications:

• BCom degree in the following fields: Business Management, Investment Management.
• Honours degree is an advantage.
• CFP® is an advantage.

Experience:

• 5 to 8 years’ investment management experience.
• 3 to 5 years’ relevant management experience.
• Momentum Investments experience an advantage.

Knowledge:

• Sound knowledge of investment industry and Momentum Investment products including Fund selection, DFM and Securities etc.
• Sound knowledge of business products, processes and service offerings.
• Strong business acumen, with an ease to take decisions and initiating action.
• Financial planning and advice process knowledge – tax, structuring.

Duties & Responsibilities      
Mobiliser/Active People Management:

• Manage the team.
• Continuous drive to interview and recruit the best specialist to match the IFA base.
• Joint calls with specialists.
• Regular feedback and coaching - one-on-one and in the team.
• To mobilise and motivate the specialist through a trust relationship. 
• Effectively lead the team.
• Have robust relationships with all key stakeholders in MDS product houses and externally

Driver of high-performance culture:

• Develop and execute the business plan.
• Set the performance standard by regularly attracting new IFAs.
• Set annual, quarterly, and monthly sales goals for each BC.
• Develop and drive growth in sales distribution in support of strategic objectives.
• Create a great team spirit.
• Active competition and recognition.
• Ensure achievement of sales targets.
• Competition to step up further.

Learning and Development Catalyst:

• Engage each of their Specialists systematically and consistently.
• Support the Continuous learning program and knowledge distribution program.
• Bring new content, product changes smoothly into the IFA market.
• Master competitor comparison.
• Develop on full value chain including service, product, and distribution including the enablers of technology, knowledge, and marketing. 

IFA Acquisition and Connection:

• Acquire new IFA Relationships.
• Take ownership for the IFA's and build meaningful and value-adding relationships between the advisers and Momentum.
• Ensure frequent engagement and marketing activities.
• Drive clear communication to IFA’s.
• Active reporting.
• Drive an engagement that are advice-led environment that focuses on best practice service delivery.
• Drive sound financial and corporate governance practices.

Competencies

• Leading change and innovation
• Diversity and inclusiveness
• Drive for results
• Ability to drive and influence IFA commitment.
• Collaboration
• Impact and influence
• Growing talent.

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Role Purpose

• You will be responsible for accounting and financial reporting activities to support the growth and development of the Momentum Retirement Administrators (MRA) business. 

Requirements

• Bachelor of Commerce (Accounting as Major)
• 5 - 7 Years' experience in a financial or employee benefit environment
• 5+ Years' Fund or Investment Accounting experience

Duties & Responsibilities      

• Maintain the general ledgers
• Reconcile two tier balance sheet items
• Independently prepare monthly management accounts and annual financial statements
• Independently prepare monthly statements of cash flows within agreed timelines
• Independently prepare audit files for annual audits and statutory valuations
• Independently prepare and confirm monthly financial reports
• Ensure that all statutory information for the fund is available at all times
• Respond to audit requirements and queries and ensure audit and valuation recommendations are implemented
• Prepare monthly general ledger reconciliations for the fund
• Reconcile investment trial balances on a monthly basis
• Review and analyse money movement on a daily basis
• Perform bank reconciliations
• Prepare and submit monthly PAYE returns to SARS
• Process journals on the general ledger system within the agreed time
• Comply with the rules of the Pension Fund, the Pension Fund Act and all requirements of the FSCA
• Prepare asset and liability matching on a monthly basis
• Prepare and submit annual financial statements of pension fund

Competencies

• Accountability
• Accuracy
• Attention to detail
• Analytical thinking
• Team work
• Communicating with impact

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Role Purpose
This position in the Momentum Investments Operational Tax team will be responsible for investor tax query resolution, escalation support, tax compliance and reporting, as well as assisting in tax projects. The ideal candidate will bring energy, a willingness to learn, fresh ideas and a mindset geared to challenge existing solutions and processes. This role will report directly into the Tax Manager.
 
Requirements

• BCom Degree – Finance, management accounting or Taxation.
• SQL writing is advantageous.
• Experience in SARS 3rd party reporting is essential, particularly IT3 reporting.
• Minimum of 3 years of tax experience, ideally in a Corporate (Financial, Investments or Tax) environment.
• A good understanding of the ITA, TAA, and supporting guides is essential.

Duties & Responsibilities      

• Identify tax risks that could impact the company directly or indirectly and escalate accordingly.
• Provide system/process support.
• Investigate and identify requirements to address process or system constraints resulting in repeated queries and/or errors.
• Process and training documentation for internal staff.
• Work actively with the Tax Specialist to clarify technical rules and regulations published for a smooth implementation.
• The ongoing operational compliance with tax submissions and payment deadlines.
• Quality review of all tax communication and tax certificates and distribution to clients.
• Gain an understanding of the business in which we operate and the tax implications per product range.
• User Acceptance Testing of solutions, business and technical processes and calculations.
• Keeping up to date with changes to legislation relating to the Income Tax Act and advising business on the practical impact of the changes.

Competencies

• Very strong analytical and logical problem-solving skills with attention to detail is essential.
• Proactive, action-oriented individual with a desire to take ownership and accountability for the delivery of tasks.
• The ability to respond quickly, handle stress, and adapt to unexpected challenges in a calm, methodical manner in order to maximise the team's ability to deliver quickly under pressure.
• Strong written and verbal communication skills to translate tax matters to business and clients effectively.
• Persuasiveness - Influences, convinces or impresses others in a way that results in acceptance, agreement or behavior change.
• Specialist Knowledge - Understands technical aspects of client income tax and continually maintains technical knowledge.
• Interpersonal Sensitivity - Interacts with others in a sensitive and effective way.
• Resilience - Maintains effective work behavior in the face of setbacks or pressure.

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Role Purpose

• Manage the day to day activities of client service delivery through effective people and service management in order to foster client centricity, increased productivity and enable operational excellence.

Requirements
Qualifications

• Diploma in business management
• FAIS related qualification or Regulatory Exam (preferred)

Experience

• 3-4 years’ experience managing a sales or service environment in the financial services industry
• 2 years’ management experience (preferred)
• Ability to speak African languages or multi-lingual (preferred)
• Understanding of the relevant legislation (General Code of Conduct for Authorised Financial Services Providers and Representatives, Financial Advisory and Intermediary Services (FAIS), Protection of Personal Information Act (POPI), Long Term Insurance Act, Treat Customers Fairly (TCF, etc.)

Duties & Responsibilities

• Internal processes
• Manage the delivery of efficient client service administration processes and procedures.
• Manage the adherence and compliance to company polices, instructions and relevant legislation within all the client service functions
• Monitor and manage the achievement of service level agreements to ensure excellence in the client services function.
• Develop tactical plans to enhance or improve the client experience within the Branch.
• Coach and guide the Client Services team to effectively utilise client service interactions to improve client retention and repeat business activities.
• Ensure client information is accurately and timeously captured on the relevant system.
• Check and approve the relevant documentation to support the client service process in line with business and risk management practices.
• Manage the execution of client requests within the agreed timeframes, quality standards and legislation.
• Manage the leads generation and management process through active monitoring, encouragement, reporting and follow-up.
• Embed the Treat Clients Fairly outcomes in the client service environment as stipulated by the Financial Services Board.
• Actively manage the client satisfaction index to ensure the satisfaction of the clients.
• Review and authorise all financial and non-financial transactions processed by the Client Service Consultant
• Identify entrepreneurial opportunities in every interaction and remain passionate, resilient, focused and organised.
• Analyse and report on the status of client services within the branch.
• Effectively manage time and ensure optimal productivity.

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Role Purpose
We are looking for an enthusiastic individual with strong analytical skills to assist in the realization of Business Strategy, through the understanding and clear communication of product requirements to all impacted stakeholders. This key position in a dynamic Product team, will provide an essential bridge between actuarial life product requirements and the IT team, facilitating the efficient maintenance and development of IT solutions to meet all product requirements as envisaged. The role will require strong interpersonal communications skills, with the ability to relate and engage equally with actuarial, retail administration and finance specialists, and to communicate with each stakeholder area at their respective level. As well as strong Business Analysis skills, a working familiarity with the full product rules value chain will be required.
 
Requirements
Experience and Qualifications

• Related Degree
• 3+ years’ experience working in Product Team in Long Term Life Insurance, or Re-Insurance
• In depth knowledge of Life Insurance products and processes, with emphasis in Product Rules, Premium Rates & Charges, Values Calculations, Investments Structures
• 5+ years IT / BA or actuarial specialist experience
• Experience / Certification in SQL
• Advanced Excel
• Agile methodology or similar
• Workflow (e.g. AWD)
• Testing methodologies & tools
• Financial / Statistical mathematics

Duties & Responsibilities      
Responsibilities and work outputs

• Gather and interpret requirements from key stakeholders/customers in line with business analysis and existing product team frameworks.
• Analyse product and business’ requirements and validate and translate these into clear and effective requirement specifications, for each impacted development area.
• Ensure that requirements and business process specifications are documented and presented in line with both current best practice, and existing product team specification frameworks.
• In collaboration with project and testing teams, oversee the quality delivery of requirements and business process specifications that meet the agreed deliverables in line with best practices and business process.
• Ensure that requirements and business process specifications are reviewed, validated, tested and approved by relevant stakeholders at each stage in the development cycle, from conceptual to end product.
• Participate in the conceptual solution design process to make recommendations to create and enhance solutions that are innovative, duplicable, and sustainable and solve complex business problems.
• Collaborate closely with all stakeholders and solutions teams, in an ongoing process from end to end, to ensure delivery requirements and expectations remain current and adaptive to the changing environment.
• Participate in User Acceptance testing and guide users to ensure that the designed solution ultimately meets business requirements.
• Manage change requests and queries, collaborating with all stakeholders, and facilitate prioritization of changes to specifications and processes, and ensure that queries, changes are tracked and accurately resolved.
• Use scenario testing and test cases to ensure that testing covers all aspects of the business specification and anticipated processes.  
• Keep abreast of relevant legislative, IT and business trends and practices to optimise service offering and minimise risk.
• Make recommendations to improve client service and fair treatment of clients within area of responsibility.
• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.
• Drive client service delivery goal achievement in line with predefined standards in order to ensure that clients receive appropriate advice and after sales service.
• Contribute to creating a positive work climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity.
• Be and encourage innovation, change agility and collaboration within the team.
• Identify solutions to enhance cost effectiveness and increase operational efficiency.
• Manage financial and other company resources under your control with due respect.

Competencies

• Business Acumen
• Responsive to change, encourage and support innovation
• Client Centric / Focused
• Diversity and Inclusive
• Strong listening skills
• Openness
• Result oriented

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Role Purpose

• An opportunity exists for a Product Actuary within the MMerge team that focuses on the management of our traditional Momentum (PDS) products. The individual will gain exposure to a wide range of products and projects.

Requirements
Experience & Qualifications

• A graduate degree in Actuarial Science or related degree
• Newly or nearly qualified Actuary
• Previous Product Development / Management experience
• A minimum of 5 year's relevant work experience
• Advanced Excel capabilities will be advantageous

Duties & Responsibilities      
Responsibilities and Work Outputs

• Supporting the Product Management team looking after the traditional Momentum product for Momentum Life. This will involve providing guidance and technical support to other team members, as well as managing various projects or initiatives.
• Ensure delivery of various projects and effective implementation of product solutions
• Analysis of drivers of profit within product ranges to improve profitability
• Building Excel product models to test product solutions
• Presentations to internal product and executive committees regarding product investigations
• Supporting ongoing regulatory compliance
• Supporting cross-functional teams within the department
• Analytics to improve understanding of the business and feedback into product management
• Peer reviews

Competencies
Competencies Required

• Accuracy and attention to detail
• Problem solving and analytics
• Teamwork
• Ability to work independently
• Good verbal and written communication skills
• Commitment to producing results for clients and stakeholders