Jobs at Old Mutual South Africa

Job Description

• Build and maintain relationships with Brokers / Intermediaries
• Identify innovative methods to maximise broker / intermediary solution sales opportunities within the client portfolio.
• Manage the broker / intermediary solutions embedded with a client and ensure that optimum business flows from the solution.
• Continuously identify new broker / intermediary solution opportunities within the client's environment.
• Identify new potential intermediaries & opportunities for block business & book take overs.
• Prepare for broker / intermediary visits on new business by reviewing large quotations, number of business quotes and conversion ratio data to guide conversations / provide status updates.
• Provide input into the broker / intermediaries' business by sharing analysis and providing recommendations how to grow the book by concentrating on the brokers / intermediaries' strengths in their preferred segments.
• Prepare SWOT analysis on current broker / intermediary portfolio to understand what drives their business.
• Select and apply the optimal strategy and business plan to enable the broker / intermediary to drive growth and profitability on an annual basis.
• Provide analysis at portfolio meetings of the broker / intermediaries performance including explanations and action plans to improve growth and profitability of underperforming portfolios.
• Identify cross & up selling opportunities across all products.
• When portfolio is consistently running at a loss, action must be taken in conjunction with the underwriting team and intermediary.
• Manage the implementation of operating procedures as well as monitor the quality, service standards and operational processes related to the applicable product or solution.
• Collaborate with broker / intermediaries to facilitate multi-product training interventions to create awareness regarding the processes and operational aspects of the different products.
• Make recommendations to improve client service and fair treatment of clients within area of responsibility.

Skills and Experience

• 2-3 years work experience

Education

• Bachelor of Commerce (BCom): Short-Term Insurance

Closing Date: 3 January 2021

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Role Overview

• This role is a Line 1 Money Laundering Reporting Officer role in the Central AML Office within Group Risk, Compliance & Actuarial. The role requires full understanding of the FIC Act reporting requirements and the Old Mutual RMCP. Reporting to the AML Operations manager with a dotted reporting line to the AML Executive. The role will have responsibilities to the AML Central Office, segments and Accountable Institutions that use the services of the AML Central Office, which may change from time to time, as well as assisting the Rest of Africa with specific AML Operational matters. The person will be responsible for leading the MLRO team which is accountable for all AML related investigations, regulatory reporting to the Financial Intelligence Centre, screening and results management of the segments and AIs that use the services of the AML MLRO Team

Operational Efficiency

• Manage the team of Money Laundering Reporting Officers to ensure that all Anti-Money Laundering / Counter Terror Financing / Proliferation Financing (AML / CTF / PF) related legislative obligations of the various Accountable Institutions are met.
• Assisting the ML Compliance Officers to establish and embed a culture of compliance with AML requirements across Old Mutual South Africa (OMSA).
• Assisting the ML Compliance Officers in the development, implementation and maintenance of compliance risk management and monitoring plans for OMSA, specific to AML.
• Assisting with the development and implementation of effective mitigating actions around key ML/TF/PF risks identified.
• Acting as a Money Laundering Reporting Officer for the in scope South African registered Accountable Institutions.

Investigations of:

• Reportable cash transaction (CTR and CTRA) generated through the monitoring system and/or reported by business;
• Suspicious and unusual transactions and activity (STR and STRA) reported by the business and or generated through the monitoring system; and
• Results generated through the screening process iro sanctions, Domestic Prominent Influential Persons (DPIP), Foreign Prominent Public Officials (FPPO) and/or Politically Exposed Persons (PEP).

Key Result Areas

• Ensure that work is assigned to MLROs equitably and actioned timeously.
• Ensuring that all Cash Transaction Reports, Suspicious Transaction Reports and Terrorist Property Reports (in terms of FICA) are submitted accurately and timeously to the Financial Intelligence Centre (FIC).
• Ensure accurate maintenance of the PEP Register and AML Tracking File
• Ensuring that all S27, S32 and S34 enquiries received from the FIC and/or any other authorized agencies are attended to timeously and reported accurately.
• Oversee and assist with collation of information across OMSA in order to build and maintain an AML compliance program.
• Oversee and assist with stakeholder engagement in respect of identified risks resulting from control failures and ensure effective remediation action is taken.
• Oversee and assist in ensuring that information is collated, analyzed and prepared for the various stakeholders within the required timelines.
• Ensuring effective and timeous reporting in respect of AML regulatory requirements, risks identified and overall compliance of the various OMSA, Accountable Institutions (AI’s) to various stakeholders within the organization.

Qualifications, Skills & Required Experience

• Matric/ Grade 12
• A suitable legal or commerce qualification, essential
• Certificate in Anti Money Laundering, advantageous
• Certificate in (or studying towards) Compliance and/or Risk Management, advantageous
• Good knowledge of the following legislation, essential: Financial Intelligence Centre Amendment Act, Protection of Constitutional Democracy and Terrorist and Related activities Act, Prevention of Organized Crime Act and related regulations
• 3-5 years financial services industry experience, essential - specifically relating to the operations and products of an Insurer, Unit Trust Services Provider or Linked Investment Service Provider
• Knowledge of the Old Mutual systems and platforms, advantageous
• Management experience advantageous

Closing Date: 19 December 2020

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Job Description

• Build and maintain relationships with Brokers / Intermediaries
• Identify innovative methods to maximise broker / intermediary solution sales opportunities within the client portfolio.
• Manage the broker / intermediary solutions embedded with a client and ensure that optimum business flows from the solution.
• Continuously identify new broker / intermediary solution opportunities within the client's environment.
• Identify new potential intermediaries & opportunities for block business & book take overs.
• Prepare for broker / intermediary visits on new business by reviewing large quotations, number of business quotes and conversion ratio data to guide conversations / provide status updates.
• Provide input into the broker / intermediaries' business by sharing analysis and providing recommendations how to grow the book by concentrating on the brokers / intermediaries' strengths in their preferred segments.
• Prepare SWOT analysis on current broker / intermediary portfolio to understand what drives their business.
• Select and apply the optimal strategy and business plan to enable the broker / intermediary to drive growth and profitability on an annual basis.
• Provide analysis at portfolio meetings of the broker / intermediaries performance including explanations and action plans to improve growth and profitability of underperforming portfolios.
• Identify cross & up selling opportunities across all products.
• When portfolio is consistently running at a loss, action must be taken in conjunction with the underwriting team and intermediary.
• Manage the implementation of operating procedures as well as monitor the quality, service standards and operational processes related to the applicable product or solution.
• Collaborate with broker / intermediaries to facilitate multi-product training interventions to create awareness regarding the processes and operational aspects of the different products.
• Make recommendations to improve client service and fair treatment of clients within area of responsibility.

Skills and Experience

• 2-3 years work experience

Education

• Bachelor of Commerce (BCom): Short-Term Insurance

Closing Date: 3 January 2021

go to method of application »

Job Overview

• This role supports the Senior Management / Financial / Product Accountant and is responsible for the compilation of documents for the development of management reports.

Management Reporting

• Compiles supporting documents for management accountant.
• Prepares draft reports.
• Assists with the compilation of budgets.
• Assists with the management of expenses.
• Prepares internal management report.

Financial Reporting

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

Reconciliations

• Ensures accurate reconciliation of accounts.
• Reviews control accounts and reconciliations.

Specific to the role

• Processes journal entries in relation to the Central segment (0140 – 0142, OMEM and OML), timeously and accurately.
• Performs calculations to determine financial transactions required e.g. leave pay journal
• Ensures that the financial records, including the balance sheet is valid, accurate and complete.
• Support Business Partner team in preparation of annual business unit budgets and quarterly forecast in IDU Budgeting tool
• Performs inter-company reconciliations and confirmation of balances, and corrects mismatches timeously.
• Reconciliation of all Balance sheet accounts, 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, and submits within agreed deadlines:
• HFM Submissions (Monthly, Half Yearly, Annually)
• Disclosure submissions
• Analytical Reviews
• CFO sign off
• Produces Balance sheet reports.
• Raising of accruals as and when necessary
• Processing of AGIS invoices

Required Skills & Qualifications

• Bachelor of Commerce
• Excellent organizational, planning and prioritizing skills

Skills and Experience

• 2-3 years work experience

Education

• Bachelor Commerce (Required)

Closing Date: 20 December 2020

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Job Description

• Collates statistical information in predetermined formats or formats developed by the individual.
• Integrates data into daily, weekly and monthly reports.
• Builds and enhances databases when required.
• May be required to translate complex data and/or instructions into meaningful outcomes.
• Required to interpret data and provide meaningful recommendations to the business.

Skills and Experience

• 3-5 years

Education

• Bachelor of Commerce in Informatics (BCom): Accounting & Business Information Systems (Required)

Closing Date: 4 January 2021