Jobs at Old Mutual South Africa

Brief Description
This role is responsible for driving value generation across OML.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 person 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.

The Incumbent Will Primarily Be Responsible For

• Analysing 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.
• Analysing 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
   

Job Requirements
Minimum Requirements For The Role

• Actuary/CA or post grad qualification in accounting arena.
• 5 years+ experience in Financial Services Industry is essential.
• 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.
• Comfortable working with and managing relationships with a wide range of internal stakeholders.
• Takes responsibility for own deliverables, and can manage own time and prioritise as required.
• Able to analyse complex data, draw conclusions and compile reports of a high standard on findings.
• Able to remain organised 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

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Brief Description
This Cape Town based role reporting to the Head: Central Segment Finance (CSF), is responsible for:

• Maintaining and assisting with the implementation of appropriate accounting policies across the legal entities that form Other Group Activities (OGA) in the segmental reporting structure;
• Driving improvement and embedding IFRS financial reporting processes in the OGA segment;
• Reviewing the HFM submissions, including offline submissions of all OGA entities at critical reporting cycles
• Reviewing the OM Limited and other legal entity Financial Statements to ensure compliance with the relevant accounting standards, JSE Listing and Companies Act requirements;

Key Result Areas

• Responsible for understanding and embedding reporting processes to support the IFRS segmental view of the OGA area, this includes understanding the impact of consolidation entries and the accounting for complex shareholder transactions
• Advising Central Segment finance team in resolving technical accounting issues.
• Supporting the Head: CSF in implementation of new entities into business as usual activity, including ledger & HFM set-up, documentation of expected transactions and any out-of-the-ordinary disclosure and drafting of first-time AFS for the new entity.
• Maintaining an issue log s whilst ensuring that all conclusions are appropriately documented.
• Ensuring all r econciliation development and embedment between management and IFRS reporting views in the following areas:

Admin expenses

• Investment assets and investment return
• Finance costs

Central expenses

• Driving and embedding process improvements in the OGA segment wrt IFRS Accounting and reporting through knowledge sharing, training and review.
• Effectively coordinat ing hand-offs and dependencies across the OGA function and the IFRS financial reporting, external reporting and the internal reporting teams - all reporting cycles
• Liaising with the external auditors on technical accounting and disclosure matters obo OGA entities
• Liaising on behalf of OGA entities with Group Technical function on all technical accounting matters
• Preparing Segment Review documentation for consideration by Group Finance teams and Group Auditors
• Responsible for the operation, maintenance and consistent application of accounting policies relevant to the production of all financial information for OGA entities.
• Technical review ing of Annual financial statements of OGA entities to ensure that disclosures are in accordance with accounting standards, JSE Listing and Companies Act requirements.
   

Job Requirements
Qualifications, Skills And Required Experience

• CA(SA) with minimum 5 years’ relevant post-qualification experience specifically in the long-term Insurance industry
• Professional Accounting Standards specifically IFRS
• Self-motivated, team player with a desire to learn new skills and grow
• Ability to multi-task or focus on detailed problems, with the tenacity to drive issues until resolved
• Strong ability to problem solve
• Financial Reporting
• Internal Control & Risk Management
• Tax Accounting

Core Competencies

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