Latest Job at Old Mutual

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.

Role overview

• This is a regionally (area) based senior sales management role that manages a branch of sales staff comprising 6 Business Managers.  Each BM has a team of approximately 16 FA‘s that operate in different service/client segment models within PFA (Academy, EFA, Worksites/OMF).   This role forms part of the regional EXCO team and contributes towards the leadership, direction, and sales strategy for the region.   This role is responsible to set AREA business plan and strategies, manpower and sales targets/budgets and grow/drive AREA sales, market share and client retention strategies.  Works collaboratively across different distribution channels within the area to optimize synergies and opportunities.   This role is overall accountable for the compliant advice practices, risk management and operations of the branch under their control.  This role works closely with service and operations support functions to ensure related sales support procedures and standards are adhered to and effectively running to enable sales.

Key Result Areas

• Leadership & Strategy:  Demonstrate Leadership.  Contribute to the development and implementation of the Regional/Area Sales Strategy and monitor area strategy.
• People Management:  Manpower: Recruitment and Selection. Performance Management.
• Sales Management:  Drive and manage sales growth, viability, and retention for the branch (AREA). Compliance and business risk management.  Stakeholder and partner relationships
• Financial Management: Drive business profitability within the branch. Undertake budget and expense management.
• Operations Management:  Drive process and office management efficiencies.  Stakeholder and partner relationships

Qualifications and Experience required

Minimum: 

• Grade 12
• FAIS accredited NQF5 (120 credits)
• Full product holding accreditation

Preferable: 

• CFP
• Management and/or coaching qualification

Competencies

• Strategic
• Innovation
• Customer First
• Leading with influence
• Collaboration (Relating)
• Decision Making
• Execution
• Personal Mastery
• Technical /Business Competencies

Skills

• Accountable, Distribution Channels, Financial Management, Partnership Relations, People Management, Sales

Education

• High School (Grade 12)  (Required)

Closing Date

• 16 July 2021

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Job Description

• 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.

Role Overview

• 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 Savings 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.

Requirements

• Qualified actuary or actuarial student with minimum 11 actuarial exams
• At least 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 incumbent will have an added advantage if he/she has the set skills listed below

• Previous valuation experience will be an advantage. 
• Prophet or DCS (or similar modelling) experience will be an advantage.

Skills

• Advanced Microsoft Excel Skills, Communication Skills, Critical thinker, Excellent organizational, planning and prioritizing skills, MS Office Skills

Education

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

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Job Description

• This role utilises expert knowledge in the specific fields of administration / product / process to resolve technical problems, usually in support of administrative queries/issues. The incumbent is individually accountable for achieving results through own efforts. Pro-activeness and a willingness to take responsibility is rewarded through remuneration and career progression.

Key Results Areas:

• This role functions as a subject matter expert in a specific field of administration / product / process.
• Often acts as a point of escalation for matters with higher level of complexity than those handled by Administrators.
• Resolves technical and complex problems, especially in support of administrative queries / issues.
• Applies specialist knowledge in a focused role working with relatively complex information.

Operational in nature.

• Deals with all client instructions, queries or complaints timeously and accurately.
• Responsible for all administration functions around client onboarding and client disbursements.
• Responsible for checking data inputs on CRM system to ensure correctness of data.
• Responsible for ensuring that service delivery to clients/intermediaries remains within business practice.
• To render an effective and efficient administrative service to clients (statements; queries; transfers; terminations).
• Work closely with Compliance, Risk and Operations to ensure delivery and execution of remediation activities (AML/FATCA/CRS).

Strict adherence to regulatory requirements (FICA, FAIS).

• Uses knowledge of products to secure an end to end finalisation of client instructions, queries or complaints.
• Assist in other areas of the business as and when necessary.

Qualification, Skills and Experience:

• Matric
• 2 to 3 years administrative experience in financial services compulsory
• Experience within the investment industry compulsory.
• Intermediate MS Excel, MS Word and MS Outlook
• Attention to detail
• Accuracy
• Good communication skills
• Team player
• Proactive and show initiative
• Excellent administrative, servicing, coordinating, support, relationship management and innovation skills
• Excellent problem solving skills
• Good understanding of Administration systems
• Sound Operational business knowledge

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Job Description

• The Group Treasury team is a key part of the Group Balance Sheet Management function.  The team focuses on asset liability management, quantitative analytics, treasury management and funding management initiatives and investigations.  This is a dynamic team, with a strong focus on technical fluency and disciplined stakeholder engagement. Members of the team can be expected to gain broad exposure to areas such as treasury management, funding management, liquidity management, quantitative finance, complex legal, tax and regulatory issues, and corporate financial strategy.

The role will focus primarily on Old Mutual’s Rest of Africa (RoA) businesses, with a key focus on improving Asset & Liability Management (ALM) practices and processes, as well as on the management and reporting of key financial risks.

The role reports to the Head: Asset & Liability Management (Group Treasury).
ALM Balance Sheet Reviews

• Deep dive reviews of guaranteed liabilities and associated asset strategies for Old Mutual’s RoA businesses.
• Propose and drive implementation of interventions that will improve ALM for the RoA businesses.
• Provide ALM training and support to in-country teams in to improve ALM and risk management practices across the Group.
• Develop & Implement ALM Hedging Strategies

Investigate key risks requiring mitigation.

• Conceptualise and develop appropriate hedging strategies.
• Drive implementation of hedging strategies to completion through collaborative efforts with in-country teams.
• Monitor effectiveness of hedging strategies and report to management forums on a regular basis.

Product Development & Reviews

• Assists in the development of innovative product offerings with a focus on investment & ALM strategies.
• Ensure appropriate management of market and liquidity risks introduced on to the balance sheet by new products.
• Develop, review and refine quantitative financial risk models, including stochastic investment guarantee reserve (IGR) models, used for product structuring and management, with a focus on guaranteed products.

Financial Risk Reporting

• Drive the identification, measurement, and monitoring of key financial risks in RoA businesses.
• Where required, identify risks requiring additional mitigation and put a relevant risk management strategy in place.
• Improve communication of key RoA financial risks to Group management and board committees.

General

• Drive RoA Financial Risk Forum to ensure appropriate escalation and resolution of financial risk related matters.
• Attend and provide subject matter expert input at relevant forums (in-country investment committees, entity ALCOs and Group ALCO).
• Qualifications, Skills and Required Experience
• Essential: Relevant post-graduate degree (e.g. Finance, Financial Engineering, Quantitative Analytics, Actuarial.
• Additional professional qualification (e.g. SAICA, FASSA, CFA) an advantage.
• 6+ years’ balance sheet management and/or actuarial finance experience within an insurance or banking entity with a specific focus on asset and liability management and other Group Treasury activities.
• Ability to work with light-touch supervision on projects or tasks.
• Strong communication skills including an ability to explain complex concepts and key issues effectively with the broader team.
• Capacity to take accountability for complex and potentially ambiguous pieces of work.
• Able to run and manage projects with durations varying between 3 to 6 months with a focus on remaining accountable until delivery of results.
• Dynamically respond to work requirements and changing situations.
• Pragmatic, and solution-focused; able to make trade-offs balancing between deliveries, and risks/costs.
• Must possess a wide range of skills and knowledge, including an actuarial background, quantitative finance, regulations and commercial acumen.
• Track-record of being able to work efficiently with seniors and subordinates, teams in and out of the organization, and consultants to ensure delivery
• Communicate with various role-players to obtain the appropriate level of input, buy-in, and approvals for delivery
• Advanced Excel skills essential. Ability to build/optimise financial models using a combination of C#, Python, VBA or similar an advantage.

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Job Description

• The Group Treasury team is a key part of the Group Balance Sheet Management function.  The team focuses on treasury management initiatives and investigations.  This is a dynamic team, with a strong focus on technical fluency and disciplined stakeholder engagement. Members of the team can be expected to gain broad exposure to areas such as treasury management, funding management, liquidity management, quantitative finance, complex legal, tax and regulatory issues, and corporate financial strategy.

The role reports to the Head of Group Funding and Liquidity (Group Treasury).
Liquidity risk management

• Drive the implementation of the liquidity risk management framework across Rest of Africa (“RoA”) group entities..
• Develop, review and refine risk models, tools and processes used to price, monitor, manage and report liquidity risk, and coordinate liquidity reporting to Group ALCO.
• Review contingent funding plans for RoA entities for consolidation at Group level.
• Facilitate liquidity support mechanisms from Group for deployment in-country.
• Provide input to Group Liquidity Risk policy and facilitate business attestation process.

Funding management

• Assist in the development and aggregation of funding plans for approval by the Group ALCO.
• Consolidate regular covenant and funding reports.
• Provide Group input and coordination on funding related transactions, including loan pricing, guarantee pricing, and covenants.
• Facilitate regulatory and internal approvals required by Group for funding related transactions.
• Facilitate inter-company funding transactions, including pricing and approvals.

Strategic treasury projects and investigations

• Involved in the development and maintenance of relevant tools to perform quantitative analysis and interpretation of risk exposures and strategy performance.
• Able to run and manage projects with durations varying between 3 to 6 months with a focus on remaining accountable until delivery of results
• Assist group treasury in identifying strategic and commercial opportunities across the Group.
• Qualifications, Skills and Required Experience
• Essential: Relevant post-graduate degree (e.g. Finance, Financial Engineering, Quantitative Analytics, Actuarial).
• Additional professional qualification (e.g. SAICA, FASSA, CFA) an advantage.
• 7+ years’ balance sheet management and/or treasury experience within an insurance or banking entity with a specific focus on liquidity risk management, funding management and other Group Treasury activities.
• Ability to work with light-touch supervision on projects or tasks, as agreed with the senior treasury manager.
• Strong communication skills including an ability to explain complex concepts and key issues effectively with the broader team.
• Capacity to take accountability for complex and potentially ambiguous pieces of work.
• Dynamically respond to work requirements and changing situations.
• Pragmatic, and solution-focused; able to make trade-offs balancing between deliveries, and risks/costs.
• Must possess a wide range of skills and knowledge, including an actuarial background, quantitative finance, corporate finance, deal planning, regulations and commercial acumen.
• Track-record of being able to work efficiently with seniors and subordinates, teams in and out of the organization, and consultants to ensure delivery.
• Communicate with various role-players in order to obtain the appropriate level of input, buy-in, and approvals for delivery.
• Advanced Excel skills essential.

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Job Description

This role is individually accountable for turning data into actionable insights. The incumbent is relentlessly curious and uses advanced    analytical skills, tools and platforms to present data as information and create analytical solutions that are interactive and easy to understand.

KEY RESULT AREAS

Data Analysis

• Meets with internal clients, understands their business requirements, analyses data support requirements and directs data analysis and reporting.
• Develops business reports to support ad-hoc and regular business requirements
• Responsible for creating end to end solutions which includes problem definition, data acquisition, data exploration and visualization
• Performs data quality checks and validates results
• Liaises with data delivery teams.
• Presents final results to stakeholders.
• Provides a technical coaching role to data analysts
• Coordinates data extractions and input to strategic projects where integrated data sets are required,
• Proactively seeks new knowledge in data analytics and visualisation
• Generates and tests hypotheses and provides actionable and measurable insights
• Builds dashboards and reports to help answer business questions
• Interprets and analyses data and presents to stakeholders in presentations or reports

Personal Effectiveness

• Accountable for service delivery through own efforts.
• Individually accountable for managing own time, tasks and output quality.
• Collaborates effectively with others to achieve personal results.
• Accepts and lives the company values.
• Makes increased contributions by broadening individual skills.

ROLE QUALIFICATIONS

• Matric
• IT/Statistical related degree/diploma or up to 4 years IT related experience.

SKILLS

• SQL
• Alteryx
• Tableau

COMPETENCIES

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

PLEASE NOTE THE CORRECT CLOSING DATE FOR THIS ROLE IS 31 JULY 2021

Skills

Analysis and Reporting, Business, Business Reporting, Dashboard Reporting, Data Analysis, Data Explorations, Data Extraction, Data Quality, Datasets, End-to-End Testing, Statistics

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Job Description

Aspires to be a Financial Advisor

• Champions our valued customers to achieve their life time goals by identifying their financial needs, providing sound financial advice, recommending and implementing “fit for purpose” financial plans and solutions. Generates leads through networking and relationship building, resulting in ongoing customer interaction and relationship management.

Skills

Education

• Bachelors Degree (B), High School (Grade 12) (Required)