Product Owner HOC at Nedbank

NB: This role is an ACTUARlAL role not an IT role.  (Home Owner's Cover)

Job Purpose

• To provide actuarial solutions to internal and external clients within the insurance industry; in line with Nedbanks Client Value Proposition.

Job Responsibilities

• Oversee tasks; resources and internal and external stakeholders to ensure relevant; timeous implementation of initiatives.
• Meet business objectives by recommending; managing and controlling the marketing budget.
• Minimise cost to income ratio by providing input to operational budgets.
• Ensure transformational targets are met for own team through consideration of targets during the staff recruitment; retention and training process and utilising suppliers listed on the preferred supplier list.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc.).
• Address issues raised in culture surveys by participating in the development and implementation of action plans.
• Create a client service culture through various required interventions.
• Support and encourage staff to participate and support corporate responsibility initiative.
• Achieve operational excellence by supporting the implementation of business optimisation improvement through team engagement.
• Encourage team to generate innovative ideas and share knowledge.
• Engage and collaborate with internal and external stakeholders to ensure effective and efficient implementation of marketing initiatives.
• Drive research to inform relevance.
• Manage performance of staff by implementing performance agreements; ensuring a clear vision; agreeing on goals and objectives; providing regular feedback on performance; recognising and rewarding achievement and take appropriate corrective action where required.
• Mentor and coach staff on identified performance gaps by discussing these performance gaps and agree on appropriate action to be taken.
• Motivate staff to perform and contribute to the success of the business by creating environment of teamwork through engaging with staff (sharing information) and encouraging participation in decision making processes.
• Stay abreast in field of expertise and deliver on the expectations from stakeholders by building capability of self and staff through identifying current and future training and development needs.
• Contribute to team effectiveness byfollowing the recruitment process when recruiting talent.
• Maintain a capable high performing team andensure an environment for optimal performance is created by identifying talent pool through conducting career conversations; utilising the talent grid principles and developing talent retention programmes (e.g. rotation).
• Ensure self and staff understand and embrace the Nedbank Vision and Values by leading by example and re-enforcing values during meetings.
• Manage the on boarding process of new employees by ensuring execution of preparations according to the on-boarding check-list.
• Comply with marketing corporate governance requirements to minimise risk to all stakeholders.
• Management of agencies and vendors through regular engagements.
• Manage resources to meet business objectives.

People Specification
Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Bachelor of Commerce , Bachelor of Science

Type of Exposure

• Comparing two or more sets of information" "Working with a group to identify alternative solutions to a problem
• Completing various administrative duties (e.g. Naming conventions; files and folder maintenance; data management)
• Managing conflict situations
• Comparing two or more sets of information
• Communicating internally and external
• Capturing data
• Checking accuracy of documentation and records
• Building and maintaining effectiv3e relationships with internal and external clients
• Managing customer expectations
• Working in a team
• Working in a fast-paced environment

Minimum Experience Level

• 4 - 8 years total actuarial work experience. 
• Minimum 3 years  non-life pricing experience. 
• Passed all CT exams and CA, good progress with STs and Fellowship (i.e. nearly / newly qualified actuary)

Technical / Professional Knowledge

• Administrative procedures and systems
• Banking knowledge
• Business principles
• Business terms and definitions
• Data analysis
• Governance, Risk and Controls
• Microsoft Office
• Nedbank culture and values
• Nedbank vision and strategy
• Relevant software and systems knowledge
• Business writing skills

Behavioural Competencies

• Adaptability
• Applied Learning
• Communication
• Collaborating
• Innovation
• Work Standards

Closing Date: 8th, April 2022