Current Vacancies at Old Mutual South Africa

Job Description

As part of the Old Mutual Limited Group Central Tax team (Group Tax), this senior role will lead a small team of specialized tax professionals, overseeing the tax affairs of the Wealth, Investments & Properties (WIP) Cluster at Old Mutual Limited.

• Broadly, as part of the WIP team, the role has direct responsibility for the taxation of investment transactions, while also supporting the asset management (including property portfolio) and wealth management businesses. 
• In this role, the successful candidate will work as part of a wider team to ensure that tax risks in the investments, asset management and wealth businesses are identified, well understood and managed pro-actively. 
• The purpose of the Old Mutual Limited Group Tax team, in addition to managing tax risk inherent in the business, is to provide expert knowledge to support decision-making and to ensure that the Group effectively and efficiently integrates tax into business processes and reporting. 
• The team is proud to lead the Group to communicate its tax contribution in a transparent manner. The role offers a challenging blend of strategic input and governance, technical comprehension business knowledge and relationship building (within Old Mutual Group and external stakeholders), while leading with influence and executing conscientiously.
• This role reports to the Head: Wealth, Investments & Properties Tax, based in Cape Town.

Key Result Areas / Outputs

Effective and accountable leadership is essential, by living Old Mutual’s values in an executive management role:

• The experience and proven ability to take commercial decisions using sound judgement, a strong work ethic and irreproachable integrity.
• Proven ability to engage, collaborate and partner with different stakeholders in order to successfully derive adequate commercial solutions for complex business challenges/transactions.
• Resilience essential in a dynamic and demanding environment.
• A track record of building strong, sustainable teams by mentoring, motivating, and leading talented professionals, and actively supporting individual career growth, while setting up the team for succession.
• Leading by example to cultivate a culture of output-driven, solution-orientated, high-performance, teamwork. In this way, encouraging high levels of employee confidence and work satisfaction.
• Lateral-thinking, innovative mindset and strong drive to persevere to deliver results and continuously improve towards a benchmark of excellence.
• Effective team resource capacity management to perform productively and efficiently.
• Building and maintaining relationships to ensure tax representation - for example, at investment origination forums, product and risk committees and meeting of financial managers - to facilitate strategic tax input in investment assessment, product design and financial decision-making processes.
• Maintaining strong relationships with internal and external stakeholders (for example, internal Legal, Risk and Governance teams, external tax subject matter experts, Senior Counsel, Industry bodies, South African Revenue Service teams and National Treasury, amongst others).
• Implementing necessary protocols, procedures and agreements to integrate and align tax sign-off processes within parameters set to manage risk.
• Identifying opportunities for improvement, standardization and automation of tax processes and systems.
• Strategic input into the Group Tax Risk strategy and approach to tax de-risking and mitigation/management of tax risk.

Strong tax technical and commercial experience:

Taxation Law

• Display strong, deep knowledge of tax legislation (tax statutory, regulatory and common-law rules), changes to tax legislation and interpretations or practices.
• Proven ability to constructively engage on technical matters with external stakeholders (ASISA, SAICA, SARS and National Treasury etc.) including participation on industry committees on tax legislation, tax practice and national tax strategy, and participate in and influence policy formation.
• Effective communication of tax technical and compliance updates and derive fit-for-purpose training and support to stakeholders/business units to conduct impact assessments and implement changes to tax legislation.
• Simplify complexity and effectively explain in simple language, the application of tax legislation to unusual and complex business transactions so that strategic decision-making is supported.
• Implement and monitor processes, controls and governance protocols in response to changes in tax legislation while identifying potential tax risks and providing strategic direction to the business.

Taxation Statutory Returns & Dispute Resolution

• A pragmatic approach to the application of tax technical knowledge in the preparation and review of statutory returns across tax types to ensure accuracy, completeness and compliance with statutory obligations.
• Monitor levels of compliance across the business cluster and drive compliance to due dates.
• Instinctively drive the review of assessments to validate differences between tax returns submitted and assessments and take the appropriate action to resolve disputes successfully.

Tax Reporting

• Strong numeracy and literacy skills and the ability to apply tax technical knowledge to ensure complete and accurate accounting and reporting of the tax consequences of transactions concluded during the year in the annual financial statements of affected entities, including deferred tax, effective tax rate reconciliations, provisions for uncertain tax positions, notes the financial statements, etc.
• Strong understanding of the tax accounting standards in order to resolve unusual and complex tax accounting and reporting matters in accordance with applicable accounting standards and tax laws.
• Recommend and advise on process improvements to tax accounting and reporting processes.
• Identify matters of significance to report all necessary matters succinctly ahead of Quarterly Business Reviews, Segment Reviews, Audit Committee Meetings, Governance and Risk Committee Meetings, etc.

Tax Advisory

• Analysis of components of structures, transactions and new products and recommendations to enhance/comply with tax laws. Anticipate tax changes to ensure suitable (sustainable) tax advice. (Examples include, financial structured investments/divestments, products including preference share funding/hybrid instruments, derivative transactions, Group restructures/mergers and acquisitions, Fund (regulated and non-regulated) structuring, offshore expansions, tax due diligences and projects).
• Ahead of tax changes and with all tax advisory work, drive impact assessment, planning and direct implementation steps to ensure timely consideration.
• Thought leadership and strategic guidance on all tax matters (including responses to proposed tax changes, responses to SARS/National Treasury etc).

Requirements:

• Qualified Chartered Accountant (CA(SA)), with Higher Diploma in Taxation or Honours in Tax or Masters in Tax
• Strong (min 5 years) tax experience in a financial services/ insurance environment (insurers and/or banks) or professional services environment
• A track record of tax risk management/oversight plus management of teams.
• Experience with transformation of tax functions (people, process, data, technology) would be a distinct advantage
• Strong relationships with key stakeholders in general (eg SARS, National Treasury, etc)

Personal Attributes

• Excellent verbal and written communication skills.
• Resilience. Ability to perform under pressure,
• Strong inter-personal skills (interact, work with and manage diverse teams)
• Lateral thinking ability. Strong forward-thinking/creativity and analytical skills
• Pragmatic and numerate
• Logical thought processes and critical thinking skills resulting in sound judgment at an enterprise level
• Decision-making abilities.

Core Competencies

• Resilience
• Maturity
• High performance
• Ownership/Taking Initiative/Continuous Improvement mindset
• Execution/A bias towards results
• Collaboration/Teamwork/Relationships
• Lateral thinking (Perspective)
• Leading with Influence
• Personal Mastery (Playing to strengths)
• Strategic mindset

go to method of application »

Job Description

• This role manages a team of financial and client relations consultants and all processes in a branch to ensure achievement of objectives and drive overall branch performance. 
• Individually accountable, over periods of 1 day to 3 months for ensuring sales targets and objectives of the team are achieved.
• Supports and motivates the consultant team in the branch to drive sales and service of insurance and lending products, as well as referrals and collections and effectively communicating and setting clear expectations on targets and required outcomes.
• Manages the branch as a profit centre, ensuring the appropriate balance of products sold, service and expenses.
• Manages and supervises the consultant team through effective performance appraisal, handling of disciplinary issues, and monitoring of staff attendance.
• Conducts manager reviews and ensures policies, procedures and company values are adhered to in all branch operations, and that there is a compliance of processes for audit purposes and deal proactively with any non-compliance.
• Ensures that consultants are properly trained and internal capabilities are developed through the identification of talent, ongoing informal and formal coaching and mentoring and the structuring of effective development plans focused on both sales and soft skills.
• Plans and monitors daily and future activities and progress to identify any impact on targets and productivity and ensure all operations run smoothly and efficiently.
• Maintains branch operations through effective expense and cost management in support of branch profitability.
• Ensures that all people resources, systems and equipment are in place, functional and comply with the corporate identity to promote professionalism and efficiency of the branch.
• Achieves superior customer service and client centric behaviour through resolving client queries and complaints promptly, professionally and effectively.
• Manages the relationship with internal & external stakeholders (RMM, i-Wyze, Octogen, PFA, etc.) and to effectively manage the referral process between business units.
• Proactively identifies new business or sales opportunities and actively and effectively market the products and services to ensure business growth.

Minimum Requirements:

• National Senior Certificate or equivalent NQF 4 qualification
• RE5 (advantageous)
• Note: Branch Manager will be based in Kabokweni , not Nelspruit and will monitor Emoyeni Branch operations from Kabokeni

go to method of application »

Job Description

• Aligned to the Old Mutual Limited Group Tax function, the purpose of the Old Mutual Africa Regions (OMAR) Tax team is to oversee the tax affairs of the OMAR Segment, to ensure that tax risks are identified timeously, well understood, managed and mitigated. '
• The function, in the main, is a business partner to in-country Finance teams, providing specialist tax support for decision-making and ensuring that tax reporting and compliance processes are effectively and efficiently integrated into wider OMAR business processes.
• The OMAR Tax team is a part of and reports into the broader Old Mutual Limited (OML) Group Tax function. We are seeking an ambitious, passionate, career-orientated Chartered Accountant to join our team.

The successful candidate will, amongst others, be involved in:

• Tax governance, oversight and compliance: to ensure that tax controls over tax reporting and compliance processes are operating effectively to facilitate effective tax risk management and reporting of taxation matters arising in the Segment, while also supporting in-country Finance teams to manage tax risk within tax risk management parameters.
• Tax reporting: including the extraction, interrogation of tax numbers out of financial reporting systems, and managing, computing/ collating, and consolidating the tax reporting requirements in line with reporting deadlines.
• Tax advisory: the provision of expert guidance and support on all major transactions.
• Tax projects: the provision of support on special projects across the OMAR Segment, to achieve automation/standardisation/continuous improvement objectives.

KEY RESULTS AREAS

Effective and accountable leadership is essential, by living Old Mutual’s values, including:

• A strong work ethic and irreproachable integrity.
• Resilience essential in a dynamic and demanding environment.
• Leading by example to cultivate a culture of output-driven, solution-orientated, high-performance, teamwork.
• Lateral-thinking, innovative mindset and strong drive to persevere to deliver results and continuously improve towards a benchmark of excellence.
• Building and maintaining relationships with internal and external stakeholders (for example, internal Legal, Risk and Governance teams, CFOs and in-country finance teams, external tax subject matter experts, industry bodies, amongst others). 
• Identifying opportunities for improvement, standardization and enhancement or automation of processes and systems.

As part of a wider team, involvement in reporting processes, including but not limited to the following:

Effective and accountable leadership is essential, by living Old Mutual’s values, including:

• A strong work ethic and irreproachable integrity.
• Resilience essential in a dynamic and demanding environment.
• Leading by example to cultivate a culture of output-driven, solution-orientated, high-performance, teamwork.
• Lateral-thinking, innovative mindset and strong drive to persevere to deliver results and continuously improve towards a benchmark of excellence.
• Building and maintaining relationships with internal and external stakeholders (for example, internal Legal, Risk and Governance teams, CFOs and in-country finance teams, external tax subject matter experts, industry bodies, amongst others). 
• Identifying opportunities for improvement, standardization and enhancement or automation of processes and systems.

As part of a wider team, involvement in reporting processes, including but not limited to the following:

REPORTING & ANALYTICS

• Assessment of tax process and financial impacts as a result of changes to Tax Legislative/Practice Changes or Business Structural Changes;
• Contribution towards establishing best practice, tax accounting and reporting processes for interim and year end reporting, forecasting and business planning for tax reporting in line with OML’s Group requirements;
• Effective Tax Rate Analysis and commentary;
• Review and/or preparation of tax disclosure in Annual Financial Statements and the OML Integrated Reporting Suite (including the Tax Transparency Report);
• Remediation of legacy reporting issues, and identification and monitoring of new issues arising.

The following skills are critical:

• Strong numeracy and literacy skills and the ability to apply tax technical knowledge to ensure complete and accurate accounting and reporting of the tax consequences of transactions concluded during the year in the annual financial statements of affected entities, including deferred tax, effective tax rate reconciliations, provisions for uncertain tax positions, notes the financial statements, etc.
• Strong understanding of the tax accounting standards in order to resolve unusual and complex tax accounting and reporting matters in accordance with applicable accounting standards and tax laws.

GOVERNANCE

• Operationalising the OML Group Tax Policy and codes of best practice and testing to ensure these are adhered to across the Business and across all tax types;
• Driving the process to ensure Standard Operating Procedures are reviewed, updated, and aligned to the OML Tax Risk Policy and in-country governance benchmarks;
• Monitor the process of remediation of tax issues and risks arising in the segment, and ensuring appropriate provisions are raised and reported timeously;
• Escalation and/or reporting through the appropriate channels of significant tax matters in line with the OML Tax Risk Policy;
• Responsibility for ensuring appropriate training (internal and external) is delivered to segment tax and finance teams;
• Monitoring the tax control environment and conducting health checks to ensure that the controls are adequate and effective;

TAX ADVISORY

• Provision of advice/guidance to the segment and to in country teams/ business units on tax related matters, including advice on complex transactions and/or new products;
• Working with in-country teams to assess the impact of legislative changes/practice and managing processes to implement changes in country;
• Working with in-country teams to derive tax planning and tax saving opportunities
• Driving the implementation of strategies to minimise tax risk in the segment
• Tax Dispute and controversy support;.
• Proactively seek areas for tax process automation;
• Tax Technology: drive process to ensure that tax requirements are scoped in and delivered by vendors implemented by vendors and/or internal project implementation teams 

QUALIFICATIONS AND CRITICAL EXPERIENCE

• Qualified Chartered Accountant (CA(SA)) with at least 3 years of experience in a professional services firm in core tax advisory, compliance and reporting

PERSONAL ATTRIBUTES

• Excellent verbal and written communication skills.
• Resilience. Ability to perform under pressure,
• Strong inter-personal skills
• Adaptable and able to cope with a dynamic environment. Must be a self-starter have a sense of urgency and drive matters to completion (get things done).
• Must display emotional maturity and resilience and able to multi-task (manage the outcomes to deadlines of multiple engagements).
• Professionalism and Reliability is critical.
• Maintain confidentiality of all information, both from internal and external sources.
• Display solid business acumen.

CORE COMPETENCIES

• Attitude
• Qualification / Expertise
• Drive 
• Passion
• Initiative / New Ideas
• Accountability / Integrity
• Resilience / Ability to perform under pressure
• Performance / Agility
• Relationship Building / Collaborative / Team
• Professionalism

go to method of application »

Job Description

You will form part of the Mass Foundation Cluster which is one of the largest customer-facing business segments in Old Mutual. Our vision is to be our customers' most trusted financial partner, passionate about helping them achieve their lifetime goals. Our mission is to enable positive futures for our customers, by bridging the gap between their resources and their financial service’s needs. Our primary goal is to facilitate access to financial solutions for our customers and to keep pace with their changing needs. Our target market is the low and emerging-middle income segment.

This role manages employees in the Distribution Enablement Reporting/Payments team with some individual deliveries. He/she is accountable for achieving individual tasks as well as achieving results through direct reports, over a period of 3 months to a year.

• Responsible for the management of MIS and senior MIS specialists employees in support of business needs for MFC sales channels.
• Normal functions pertaining to management (people, sales reporting, incentives reporting, and rem calculations) apply, but in a technical environment.
• Also responsible for reporting and payments deliveries themselves (high level of technical knowledge in the related field to their own staff).
• Technical skills would relate to a field within the following ambits: product/process / MIS etc.
• Carries responsibility for delivering on operational processes and/or projects within the field of expertise.

Requirements

• At least three years of experience in a similar role
• Proficient in SQL, MS Excel, and MS Access
• Semi-proficient in Power BI
• Ability to build and influence relationships with key business stakeholders
• Manages a team of people

Skills

• Accountability, Leadership, Management Reporting, Results-Oriented, Taking Initiative

go to method of application »

SPECIFIC KEY RESULT AREAS

• Support product actuaries in managing a repository of RMM product rules and product history.
• Provide input on product technical issues throughout the product lifecycle.
• Ensure documentation of RMM product enhancements, annual rate reviews and annual savings changes, by creating and distributing sales manuals, product rules, A&P circulars and uploading to internal platforms (GSMobile, Intranet, etc).
• Provide recommendation on Arbitration complaints and forensic investigations, aligned with the fair treatment of customers.
• Co-ordinate and chair discretionary meetings, together with half-yearly reports to compliance and business owner.
• Analyse and provide commentary on RMM complaints, with recommendations for product or process improvements in line with market code of conduct.
• Create and execute plans that will enhance operational efficiency in non-standard or technical elements of the value chain and deliver excellent service to meet customer requirements.
• Build and maintain successful relationships with key stakeholders at different levels.
• Manage the work allocation and pipeline to team capacity.
• Work with IT to implement systems to enhance processes and productivity, as required.
• Identify risks and ensure governance and risk mitigation measures are implemented and adhered to.
• A key product representative at various regulatory and other project implementations.
• Consult widely across the business to ensure best practice is implemented with the management of products and service to customers.
• Produce management information to report on target achievements in relation to processes and turn-around times
• Provide technical support for annual campaigns, e.g. yearly policy updates and South African Retirement Annuity statements.

GENERIC KEY RESULT AREAS

Stakeholder Management

• The roles and responsibilities of the various stakeholders agreed and documented and measures put in place to report on adherence.
• Build relationships with stakeholders, peers and colleagues that impact across business areas.

Product

• Business rules documented, adherence monitored and issues addressed.

Governance

• Accountable for governance and compliance at an operational level.

Process

• Processes reviewed and documented.
• Inefficient methods of working rooted out and checks and balances put in place.
• Production targets set, monitored and reported.

Technology

• Current tools upgraded where appropriate.
• New or additional tools, applications and systems implemented to ensure continuous improvement in methodology.

Reporting

• Reporting to stakeholders in line with their roles and responsibilities.
• Reporting production and business metrics and reporting to the team.

Operational Efficiency

• Make innovative and strategic operational recommendations in line with the business strategic direction.
• Accountable for executing business plans at an operations level.

Role Qualifications:

• Matric
• Preference for relevant tertiary qualification (e.g. Commerce)
• Five (5) years working experience with ‘old generation’ products
• Five (5) years working experience in Mass Market
• Proficient in MS Office
• Stakeholder management experience
• Systemic thinker
• Have the ability to apply complex reasoning in a business context
• Proven sound analytical and problem solving skills
• Strong communication skills, both written and verbal
• Strong relationship building skills
• Excellent time-management, planning and co-ordination skills
• Ability to prioritise workflow and work under pressure.
• Have a strong bias for action.

Competencies:

• Aligning Performance for Success
• Business Awareness
• Decision Making
• Gaining Commitment
• Planning & Organising
• Ownership
• Technical Knowledge

go to method of application »

Job Description

This role provides advice on a specific range of products to a specific allocated market and are individually accountable for achieving results through their own efforts.

The position has been identified as a FAIS position and falls within the ambit contemplated by FAIS related to Category B. The successful candidates must therefore comply with all FAIS requirements, including the Fit and Proper requirements of Honesty and Integrity (e.g. be clear of any offence relating to fraud, dishonesty and/or any professional misconduct) as well as competence and relevant qualifications.

• Provides advice in line with the customer value proposition & compliance framework.
• Develops, tracks & reviews business plan to meet individual performance targets.
• Works in specific allocated markets.
• Works with a specific range of products.
• Prospecting is limited.
• Receives a base salary & bonuses - no commission.

Requirements: Skills, Qualifications and Experience

• Grade 12 (Matric).
• Valid Driver’s licence and Own Car
• FAIS Compliance (NQF Level 5 FSCA Approved Qualification)
• Clear criminal and credit check
• Minimum of 3 years working experience (preferably in sales)
• Computer literacy (MS Word, Powerpoint and Outlook)
• Excellent communication skills (written and verbal)
• Presentations skills an added advantage

go to method of application »

Job Description
Aspires to be a Financial Advisor

We are looking for self-motivated and dynamic individuals who have a passionate entrepreneurial spirit to join one of Africa's leading insurance companies.

The role at a glance is about championing our valued customers to achieve their lifetime goals by identifying their financial needs, providing sound financial advice, recommending and implementing "fit for purpose" financial plans and solutions.

Education

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

go to method of application »

Job Description

We are looking for self-motivated and dynamic individuals who have a passionate entrepreneurial spirit to join one of Africa's leading insurance companies.

The role at a glance is about championing our valued customers to achieve their lifetime goals by identifying their financial needs, providing sound financial advice, recommending and implementing "fit for purpose" financial plans and solutions.

• Responsible for the procurement of new business
• Expand sales of products and services with existing customers
• Work mainly on own leads

go to method of application »

Job Description

This role assists clients telephonically or face to face, in accordance with business, process and compliance rules. The incumbent is individually accountable for achieving results through own efforts. Customer focused role.

• Provides telephonic and face-to-face service to customers.
• Adheres to service and quality standards.
• Adheres to business, process and compliance rules.
• Moderate to high level of technical knowledge.
• Multi skilled across product and process relevant to the business area.