Job Opportunities at AVBOB South Africa

Description

• Following up on the renewal office memorandum from the Provincial Managers and General Management.
• Once the renewal memorandum is fully signed, hand it to Assistant Accountant to proceed with the negotiations.
• Following up on the signed lease agreement from the landlord.
• Give Accountant/ Manager file to ensure that the mainframe system is updated with the new rent amount, lease term and escalation.
• Prepare a cover page for the rent file and ensure that it contains the exact details of the contract.
• The following needs to be done to obtain a bank guarantee.
• After the contact has been signed by both parties, a bank guarantee (if applicable to the contract) must be obtained from Absa Bank.
• Were applicable the existing deposit paid, must be paid back to Avbob by the Lessee and bank guarantee must be issued according to the contract.
• The standard recommendation letter is prepared for the Group manager: Investment/ Investment accountant.
• The recommendation letter is signed by the Group Manager: Investment/ Investment Accountant.
• The Investment Accountant and Group: Manager Investment signs the bank guarantee application form as witnesses and initial the first page of the bank guarantee.
• The signature of application form and the property file is given to the Financial Director: Finance.
• For signature of the application for the bank guarantee and recommendation.
• When the application is received back from the Financial Director: Finance.
• The signed application and copy of the bank guarantee is sent to ABSA Bank.
• The bank will send the bank guarantee draft.
• The standard recommendation letter is prepared for the Group Manager: Investment/ Investment Accountant for the signing of the draft. The recommendation letter id signed by the Group Manager: Investment/ Investment Accountant.
• The signed bank guarantee draft and the property file is given to the Financial Director: Finance for signature of the application for the bank guarantee and recommendation.
• When the guarantee draft is received back from the Financial Director: Finance.
• The Provincial Office determines the opening of a new branch, and General Managements approval is obtained.
• Further negotiations on setting up the contract and anything related to the office are done by either the Investment Accountant of Assistant Accountant.
• All the relevant department must be informed of the opening of the new office. The physical address contact starts must be emailed to the above managers.
• Steps 1, 3 to 17 are followed to conclude the contract.
• Ensure that the telephone account, water and electricity account is opened at the accounts department.
• The provincial Office determines the closure of an existing office, and General Management’s approval is obtained.
• Determine, by referring to the contract, the notice period to be given the landlord.
• Write a letter to the landlord and give the necessary notice as required by the contract.
• Inform all the relevant departments of the closure or movement of the office.
• Ensure that the telephone account, water and electricity account is stopped at the accounts department.
• Give Accountant/ Manager file to ensure that the mainframe system is updated with the new rent amount lease term and escalation.
• Type a letter and give to the Assistant Accountant for approval, which is sent to the Investment Accountant for review and final signature by the Investment Manager: administration.
• E-mail the lease agreement, or by request, send original lease agreement with letter to the Landlord by registered.
• File a copy of the letter on the rent and on the electronic file and on the electronic folder.
• Receive invoices from the Correspondence Department, which has been sent by the Landlord.
• Phone the landlords where necessary of those invoices not received, and get a copy of the invoice for the particular month.
• Compare information on the invoice with the information entered on the computer and the contracts –FH100.
• Information on the mainframe that is not in agreement with the invoice must be corrected on the mainframe by the Accountant.
• Ensure that the invoices are in the name of AVBOB.
• Determine correctness of the invoice by comparing it to the rent payable. (Ensure the Escalation percentage is bought into calculation and that the invoice reflects it).
• Determine the correctness of amounts in arrears on the invoices.
• Contract land and rectify the problems.
• Give any alterations that need to altered on the mainframe to the Investment Accountant for approval and the necessary corrections on the mainframe.
• Enter on the mainframe under the program FH105, the water and electricity, rates and taxes accounts were payments are directly due to the landlord, which was agreed to in the Lease agreement.

Requirements

• Matric
• Three (3) years Property administrational experience.
• Computer Literacy.

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Key Performance Areas:

Strategic inputs

• Provide strategic to the Industries GM to assist in strategic direction planning.
• Partake in the SWOT analysis of the business on monthly basis.
• Develop short- and long-term actions to rectify areas of concern

 
Manage Quality standards, processes and establish procedures.

• Manage action plans regarding the development, implementation and maintenance of a quality management system.
• Establish quality standards for all departments.
• Define and draft quality procedures in co-operation with the operational personnel.
• Work with buyers to establish quality standards from suppliers.
• Liaise with suppliers regarding problems with quality of products.
• Implement and maintain quality meetings with all departments.
• Conduct regular inspections in all departments.
• Draft and maintain control measures and documenting of procedures.
• Update and document quality standards continually.
• Gather and collate statistical quality data.
• Prepare reports to communicate quality actions.

Manage Continuous Improvement (CI) processes within the division.

• Establish CI yearly plans.
• Ensure continuous improvement initiatives are driven.
• Develop and implement turn-around strategies in the division.
• Identify and propose changes and areas of improvement and how these should be implemented.
• Develop, implement proposals and monitor corrective and preventive actions.
• Identify relevant CI training and ensure that all stakeholders are trained in the principles of CI.
• Prepare necessary approval to implement changes.
• Discuss the initiatives with relevant stakeholders.
• Optimise processes and implement Lean manufacturing principles.
• Position the department as a key productivity enabler.

Manage Stakeholder relationships.

• Establish sound relationships with all stakeholder (customers and suppliers) and internal stakeholders.
• Ensure that Industries is on the same or preferably higher quality level than competitors.
• Determine what the quality requirements of the clients are and ensure that these are met or exceeded.
• Receive and react to complaints and non-compliance to quality standards of clients.
• Ensure continuous compliance to legal, quality and industrial requirements.

Managing the Health and Safety processes in Industries

• Manage the Health and safety processes within the Division.
• Ensure that Health and Safety regulations and procedures are adhered to.
• Provide monthly reports to EXCO.
• Improve the operational systems, processes and policies accordingly.
• Assume the role of Health and Safety Chairperson.

Budget management

• Develop Quality and CI departmental budgets for approval at plant level and at EXCO level.
• Ensure that Resources are budgeted for and justify additional requires positions.
• Submit monthly deviation reports and provide reasons where expenses varies from budgets.
• Evaluate equipment requirements to support the objectives of both departments.

Management of the Quality and Continuous Improvement teams

• Ensure that the teams are sufficiently resourced.
• Identify training needs in co-operation with manager.
• Manage the department in accordance with agreed policies, procedures, standards and legal requirements.
• Track and monitor performance in accordance with policies, procedures and performance planning documentation.
• Continuously provide feedback and coaching to ensure that the staff member/s perform at optimum productivity level.
• Conduct semester performance reviews in accordance with policies and procedures and take corrective actions where necessary.

Requirements

Minimum Qualifications

• Degree in production Management or Industrial/Mechanical/Electrical Engineering.
• Any related NQF 7 certificate.
• ISO certification is a key requirement.

Knowledge and Experience

• 10 years’ experience in a manufacturing management role leading a quality department.

Technical and Behavioural Competencies

• Quality management system and quality control procedures.
• Ethical and sustainability systems knowledge will be advantageous.
• Comprehensive knowledge of legislation requirements for systems listed.
• Proficient computer literacy in MS Word, MS Excel, MS Outlook and company related software systems.
• Strong analytical skills.
• People management skills
• Communication Skills
• Decision making and Problem solving skills
• Interpersonal skills
• Analytical skills.
• Report writing Skills.
• Be result orientated

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YOUR RESPONSIBILITIES WILL INCLUDE:

• Acquiring adequate product and systems knowledge.
• Data verification.
• Assumption setting.
• Maintenance, setup and running of Prophet valuation models.
• Consolidation of valuation results and report writing.
• SCR and economic capital calculations.
• Responding to auditor queries.
• Completion of relevant sections of quarterly and annual statutory returns to the Regulator.
• Mortality and withdrawal experience investigations.
• Maintaining awareness of the regulatory landscape and related professional guidance.
• Involvement with ad hoc projects and special investigations from time to time.
• Involvement with IFRS 17 development and roll-out.
• Appropriate tertiary qualification in Actuarial Science.
• Completion of parts A1 – A3 and F101 – F107 of the 2020 ASSA curriculum (all CTs, CA1 and STs) is preferred.
• Preferably 6 years but at least 4 years life insurance valuations experience.
• Knowledge of regulatory landscape (FSIs, GOIs) and professional guidance.
• Extensive experience with Prophet and DCS.
• VBA and SQL experience will be an advantage.
• Goal-orientated with an ability to perform work efficiently.
• Deadline-driven and the ability to work under pressure.
• Ability to work on wider team projects as well as taking ownership of individual projects.

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Description

• You will be responsible for actuarial modelling in line with IFRS 17 requirements.
• Take ownership of the actuarial modelling work stream within the IFRS 17 Working Committee
• Performing modelling gap analyses.
• Designing appropriate Premium Allocation Approach & General Measurement Model valuation methodologies suitable to a mutual insurer.
• Model development, improvement and change control management.
• Determining, recording, and updating key actuarial assumptions.
• Performing financial impact assessments.
• Work closely with the other Working Committee members to ensure an effective and efficient IFRS 17 implementation.
• Look for areas of improvement and alignment between SAM and IFRS 17 reporting processes.
• Assessment and drafting of IFRS 17 accounting position papers and implementation guidelines.
• Design, set up and documentation of the IFRS 17 modelling processes to meet reporting needs, with a focus on governance and controls.
• Applying an innovative mind-set to aspects such as automation, validation, efficiency, and controls in the design of cash flow engines and with assumption setting processes.
• Assessing, rating, and implementing various vendor or building bespoke modelling solutions in partnership with ICT and Finance.
• Liaise with ICT, Finance, actuarial consultants and auditors to prepare for IFRS 17 transition.
• Work with the actuarial team to enhance and improve actuarial modelling and reporting processes under business as usual conditions.
• Work with senior management to develop and refine analytical capabilities required for managing the business under IFRS 17.
• Development of models and processes which will feed into the IFRS 17 results consolidation.
• Assessing the impact of IFRS 17 on product design and capital management

Requirements

• Appropriate tertiary qualification in Actuarial Science.
• Qualified or nearly qualified Fellow of the Actuarial Society of South Africa (FASSA) or similar.
• A minimum of 8 years life insurance valuations experience.
• Extensive experience with Prophet, DCS or other actuarial modelling software.
• Previous IFRS 17 experience is preferred but not essential.
• Advanced Excel, VBA and SQL experience will be an advantage.
• Self-starter
• Ability to work independently.
• Goal-orientated
• Deadline-driven
• Ability to work under pressure.
• Strong analytical and problem solving skills.
• Ability to co-opt more junior team members into the IFRS 17 project and providing necessary guidance.
• Relationship management skills

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YOUR RESPONSIBILITIES WILL INCLUDE THE FOLLOWING:

Pricing

• Using advanced actuarial techniques, calculate the actuarial pricing of individual products to meet the required profit margin for review by the manager for input into the pricing report for submission to the Insurance Product Committee, Actuarial and Risk Committee and Board for ultimate approval on an annual or ad-hoc basis, as required.
• Code approved pricing models on Prophet for new risk and savings products in line with the Board-approved Actuarial Model Governance Policy for review by the manager on an annual or ad-hoc basis, as required.
• Revise pricing of new risk and savings products based on feedback from product development and business for review by the manager for input into the pricing report for submission to the Insurance Product Committee for ultimate approval on an annual or ad-hoc basis, as required.
• Maintain, update and improve the Prophet code on existing risk and savings products in line with the Board-approved Actuarial Model Governance Policy for review by the manager on a quarterly or ad-hoc basis, as required.
• Using advanced actuarial techniques, price key group schemes and group schemes with non-standard risk characteristics on a weekly or monthly basis as required.
• Technical pricing support to Product Development team and ICT to ensure accurate implementation of pricing models on an ad-hoc basis.
• On an annual or ad-hoc basis, calculate the profitability of existing risk and savings products by performing pricing reviews to ensure the required profit margin is maintained and recommend changes to achieve the required profit margin if this is not currently being achieved
• Perform research of competitor products, the current regulatory and general business operating enviornment to support the product pricing and analytics strategy of business on an annual or ad-hoc basis, as required.

Analytics 

• Perform product analytics including pricing basis elements, emerging experience from experience investigations, key indicators of performance and penetration (sales, product, regional, segmental) for input into the revision of pricing of existing products and pricing of new products on a quarterly or ad-hoc basis, as required.
• Perform member benefit engagement and analytics models including efficiency of engagement platforms by segment, use trends, benefits usage, profiling of members and users of platforms for review by the manager for input into the recommendation for submission to the Insurance Product Committee, Actuarial and Risk Committee and Board for ultimate approval on an annual or ad-hoc basis, as required.
• Assist the manager in the development of actuarial models for business innovation and incubation high-level feasibility and financial viability assessments on a quarterly or ad-hoc basis, as required.
• Following feasibility, assist the manager in the development of in-depth business case models for forecasting estimates of future income, expenses and profit, including sensitivity testing and considering alternative scenarios on a quarterly or ad-hoc basis, as required.

Requirements

• At least a TASSA designation from the Actuarial Society of South Africa or equivalent.
• An AMASSA designation will be advantageous to this role.
• Experience in a life insurance valuations or pricing environment or similar.
• Knowledge of actuarial guidance and the life insurance regulatory environment.
• Prophet experience.
• Advantageous: Data analytics R, SQL, Python, Power BI.
• Good understanding of actuarial modelling principles.
• Strong analytical and problem solving skills.
• Checking results for reasonability.
• Deadline-driven and the ability to work under pressure.
• Ability to work on wider team projects as well as taking ownership of individual projects.
• Relationship management with internal and external parties
• Good interpersonal skills

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Key Performance Areas:

• Responsible for ensuring availability and performance of the security systems, that supports the system.
• Assist in the management and support of product integration services with multiple business partners, including real-time web services and batch processing.
• Assist in managing the corporate systems in a racked Windows/Intel environment, including the following: Windows 2003, Windows XP, Active Directory, GroupWise, MS Terminal Services, DNS services, spam filters, intrusion detection systems, Cisco VPN and firewalls and VMWare servers.
• Server hardware provisioning including configuration and deployment.
• Data backup management, scheduling and reporting for both internal corporate systems and data centre systems.
• Design, configure, and maintain the WAN and VPN network infrastructure components; trouble-shoots network to diagnose system problems; identifies, locates, resolves, and repairs problems; installs and configures software upgrades, file sharing, and domain security protocols.
• Plans, develops, and designs WAN and VPN network management and maintenance projects, including policies and procedures, operational improvements, backup and archival files, and evaluates new technology integration.
• Coordinates operations activities with other departments and service providers; designs and implements WAN and VPN’s, connectivity issues and cabling systems.
• Responsible for providing trend analysis to management team to enable them to make informed decisions regarding resource management.
• Monitors utilization trends, manages network performance, and assures maximum uptime; performs on-going analysis, capacity planning, and technical tuning of the network systems to improve performance.

Requirements

Minimum Qualifications

• Degree in Information Technology or 3 Year National Diploma or equivalent professional qualifications.
• ITIL certification
• Cisco firewall certification / background
• CNE/CCNA certification is desirable.
• Practical experience in monitoring and tuning firewalls to provide a high availability service.
• Practical experience in managing internal and external database security.

Knowledge and Experience

• 4 Years’ experience supporting complex networks with UNIX servers, Microsoft servers, Cisco firewalls, VMWare, DNS services, spam filters, and VPN management.
• 4 Years’ experience in managing Cisco security appliances / network
• 4 Years’ experience supporting enterprise class applications in production environments certificates, licenses, registrations.
• Knowledge in implementing highly complex security / network environments.
• Working knowledge of web services, web application development, MS SQL, LAN and WAN.
• Experience of managing multiple MS Windows server 2008 / 2012 systems.
• Experience in monitoring and tuning firewalls to provide a high availability service.
• Experience in managing internal and external database security