Job Opportunities at Momentum Metropolitan Holdings Limited

Role Purpose    

• To take responsibility day to day management of the Product Control team which is responsible for all middle office, financial reporting, valuation oversight as well as all Product control functions for trades and instruments booked and managed on the Murex trading platform by the portfolio managers of the Liability Driven Investments trading desk, which specialises in fixed income and derivative trading.

Requirements    

• CA(SA) with 5+ year post qualification Experience, (studying towards CFA advantageous)
• Leadership skills and related experience, with steadfast resolve and personal integrity
• Ability to diagnose problems quickly and have foresight into potential issues
• Exposure to Innovation, Digitisation and Problem solving in a related environment
• Understanding of SQL (SQL Server 2014, SSIS), Microsoft Power Apps (Power Flow, Power BI, Power Query) and Visual Basic advantageous
• 5+ years’ experience in financial reporting within an investment banking and/or insurance environment.
• Sound knowledge and understanding of Financial reporting including External Audit facilitation and clearance of a fixed income trading desk.
• Sound knowledge and understanding of Financial instruments valuation and reporting including derivatives and fixed income instruments.
• Ability to apply knowledge of International Financial Reporting Standards (IFRS) and risk management principles.
• Good working understanding and knowledge of the Murex Trading platform advantageous.

Duties & Responsibilities    

• Responsible to develop and maintain close relationships with all operational groups, portfolio management, trading, tax, legal, compliance, market risk corporate actuarial as well as external auditors.

General:

• Motivating and Inspiring the team by leading and driving Change and Innovation
• Growing and retention of talent, training and up skilling of team members
• Keeping abreast of current market developments and industry best practices
• Provide authoritative, expertise and advice to stakeholders
• Drive a culture that guides and directs best practice, fostering an environment of continuous learning, improvement and cohesiveness
• Maintenance of a well-controlled operating environment to manage risk and improve efficiencies
• Coaching and development of team members

Financial Accounting & Reporting:

• Serve as the custodian for the financial reporting for all instruments booked and Managed on the Murex trading platform.
• Perform day to day investment accounting for the fixed income and derivative investment balance sheet, including but not limited to general ledger preparation, tax calculations, reconciling and confirming intercompany loan balances. and performance of month-end reconciliations.
• Analyse root causes of accounting discrepancies and provide corrective actions.
• Perform portfolio analysis and reporting for critical decision making process.
• Generate routine and ad-hoc reports for front office and other stakeholders.
• Respond to accounting and reporting related inquiries in a timely fashion.
• Prepare quarterly portfolio accounts - (Product level management accounts used for product profitability analysis and as inputs into the actuarial valuation process).
• Prepare annual financial statement disclosures and reporting packs.
• Responsible for the facilitation and clearance of the annual statutory external audits.
• Responsible for preparation of statutory stress test reporting of the balance sheet

Profit and Loss reporting, Risk Attribution reporting:

• Responsible for the daily reporting and analysis of Profit and Loss (P/L) based on trading activities. This requires extensive liaison with the Trading desks, the Market Risk Management and the Operations Teams, as well as in depth understanding of fixed income and derivative financial instruments:
• Prepare and deliver the daily P/L attribution to Front Office;
• Performing reconciliations between the daily risk / P/L attribution and source inputs;
• Reconcile the P/L attribution report to the ledger for both Assets and Liabilities;
• Commentary and explanation of all attributable P/L movements, in relation to market data movements and/or cash flows.

Securities Valuations Oversight:

• Work in compliance with company policies and procedures.
• Review reports relating to valuations and market data, including investigating and resolving exceptions;
• Review and escalation of static data errors identified as part of the valuations oversight functions;
• Monitor price exception reports, access breaks and escalate accordingly;
• Stay up to date on current market developments and industry best practices;

Murex trade platform admin:

• Responsible for the creation of all fixed income instruments managed on the Murex trading platform, including the following:
• Loading and maintenance of instrument static data on Murex, including creating new counterparties, instruments and portfolios.
• Assist in resolving trade discrepancies caused from trade failures, breaks, etc.
• Coordinate with front office and other support teams to address trade and system related enquiries and issues.
• Coordinate with Back Office to resolve any pre- and post-trade and settlement issues.
• Creation and maintenance of security static on the trading system;
• Investigating and correcting post settlement issues
• Creating and maintenance of issuers/counterparties
• Coordinate with front office and other support teams to address trade and system related enquiries and issues
• Perform routine and ad-hoc reporting to business units

Competencies    

• Business Acumen 
• Strong verbal and written communication skills
• Highly analytical
• Drive for results
• Task orientated
• Self-Awareness
• Embracing Diversity

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Role Purpose    

• An opportunity exists within the actuarial valuations team that focuses on individual life products for the Metropolitan Life segment. The successful candidate will form part of the team tasked with producing the various deliverables required from the Group Actuarial area, including liability valuations, Embedded Value calculations, analysis of surplus, cash flow projections and sensitivities for both IFRS and SAM reporting. The role will have a key focus on the development and refinement of projection models and the processes required for quarterly valuations.
• The Corporate Actuarial team comprises of a good blend of experience and youth, with a focus on development and knowledge share. The team culture is one of collaboration, focus, excellence, flexibility, innovation, and open communication. Using technology, we continuously strive to improve processes to enhance insights and understanding through the application of actuarial skills.

Requirements    

• Nearly or newly qualified actuary.
• Minimum of 3 years actuarial experience required.
• Previous modelling experience in either Prophet or Risk Agility will be an advantage.
• Previous experience in the Corporate Actuarial valuations environment will be an advantage.
• Intermediate SQL knowledge will be an advantage, although not essential.

Duties & Responsibilities    

• Develop and maintain the actuarial models used in the production of the Metropolitan Life financial results – including but not limited to:
• Reserving calculations on statutory and reporting bases
• Embedded Value calculations for in-force and new business
• Analysis of Surplus and change in Embedded Values
• Solvency Capital Requirements (SAM/CAR)
• Asset-liability modelling
• Ongoing review, validation and optimisation of the modelling and valuation processes
• Keeping actuarial models up to date with legislative and/or regulatory requirements and changes (both locally per country and internationally), for example IFRS17 and SAM.
• Providing ad-hoc support to the valuation production teams
• Providing ad-hoc modelling support to the product and pricing teams in respect of new products

Competencies    

• Adhering to the values of Momentum Metropolitan
• Drive for results and initiative
• Strive for excellence
• Attention to detail
• Business acumen
• Self-awareness and insight
• Ability to work under pressure and deal with challenges
• Collaborative
• Good people skills
• Adapting and responding to change

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Role Purpose    

• Provide logistical and administrative support to ensure delivery of learning interventions aligned with business priorities.

Requirements    
Required Qualifications

• Post Matric Qualification in Human Resources or Learning & Development at NQF Level 5.
• Education and Training Quality Assurance (ETQA) Qualification.
• Occupationally Directed Education Training Development Practice certification (OD-ETDP).

Required Experience 

• 2-5 years Learning & Development coordination experience within an insurance or financial services environment.
• 2-5 years of knowledge in Learning Management Systems(LMS).

Required Knowledge 

• Excellent MS Word, MS Excel, and PowerPoint skills.
• Excellent verbal and written communication skills.
• The ability to liaise professionally and courteously at all levels.
• The ability to work independently and maintain strict confidentiality.
• Ability to coordinate multiple administrative functions from various stakeholders.

Duties & Responsibilities    

Internal Process

• Provide daily administrative support to the multi-disciplinary Learning & Development (L&D) leadership team.
• Accurate capturing/uploading of required INSETA documents on INSETA MIS

Accurate capturing/uploading on LMS and Mpowered of training data for :

• Bursaries
• External short courses
• Employed and unemployed learnerships
• Skills programmesInternships
• Management of completion and collation of INSETA documents for learners on learnerships, skills programmes and internships
• Coordinate detailed travel arrangements and compile all relevant documentation for travel-related events.
• Coordinate departmental meetings as well as meetings for leadership.
• Coordinate mandatory training for all new starters from various business units.
• Coordinate learning administrative activities to effectively deliver on the learning schedule in an efficient and cost-effective manner.
• Coordinate all components (logistics, catering, venue, etc.) of learning events within budget and specifications.
• Act as key contact to learners throughout the learning event by providing an exceptional learning experience.
• Escalate faults and other housekeeping issues of learning venues with relevant stakeholders and ensure queries are resolved.
• Order and control learning supplies and equipment in line with budget parameters.
• Ensure meticulous administration of study bursaries and sponsorship via JIRA.
• Coordinate the process of onboarding new vendors in partnership with the SDF and procurement team in line with relevant policies.
• Coordinate and action all payments for vendor invoices, study bursaries, study sponsorships, and reimbursements via the finance systems.
• Collate, compile, and distribute learning documents, i.e., POEs, registers, learner agreements, and reports to the required standards within defined timeframes.
• Develop and maintain various databases and compliance documents and records for audit purposes.
• Reconcile and report on relevant information to enable trend reporting and insights.
• Maintaining an effective filing system including the L&D shared folder.
• Ensuring L&D training requests are coordinated via JIRA and weekly reports supplied to the team.
• Minute taking and distribution for key meetings.
• Compiling of presentations on PowerPoint and information packs when required.
• Compile and present training reports where applicable.
• Provide ongoing support to the learning team to ensure excellent learning experiences for all.

Enable client-centricity  within the area of responsibility (Client Services)

• Build and maintain relationships with internal and external stakeholders.
• Continuously monitor turnaround times and quality standards and resolve issues speedily to enhance client service delivery.
• Drive client service delivery goal achievement in line with predefined standards to ensure clients receive appropriate advice relating to learning and development.
• Manage client query processes and ensure that queries are tracked, accurately resolved, and used as a mechanism to improve client service and business processes.
• Provide regular reports on delivery of services against agreed service level agreements and in terms of overall client targets.
• Deliver on service level agreements made with internal and external stakeholders to ensure client expectations are managed.
• Make recommendations to improve client service and fair treatment of clients within the area of responsibility.
• Participate and contribute to a culture that builds rewarding relationships, facilitates feedback, and provides exceptional client service.

Effectively lead team (People)

• Develop and maintain productive and collaborative working relationships with peers and stakeholders.
• Positively influence and participate in change initiatives.
• Continuously develop own expertise in terms of professional, industry, and legislation knowledge.
• Contribute to continuous innovation, change agility, and collaboration through the development, sharing, and implementation of new ideas.
• Take ownership of ensuring commitment and dedication to your success in the role.

Implement sound financial controls (Finance)

• Control and check expense claims for authorisation.
• Prepare and check invoices and arrange for payments aligned with Service Level Agreements.
• Identify solutions to enhance cost-effectiveness and increase operational efficiency.

Competencies    

• Business acumen.
• Client/stakeholder committment
• Drives for results
• Leads changed and innovation
• Motivating and inspiring team
• Collaboration
• Impact and influence
• Self-awareness and insight
• Diversity and inclusiveness
• Growing talent

Closing Date    
2023/03/24

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Role Purpose    

• Test and analyse existing, enhanced or new IT solutions in line with quality standards in accordance with the business requirements and non-functional requirements.

Requirements    

• International Software Testing Qualifications Board (ISTQB) certification
• IT degree (preferred)
• 3-5 years’ experience as a Test Analyst
• Exposure to diverse IT projects using a variety of testing tools and techniques
• Knowledge of Quality Centre

Duties & Responsibilities    
Develop and execute various test procedures ( Internal Processes)

• Analyse the functional specifications in order to determine core system functionality, prerequisites and test criteria.
• Review, inspect and prioritise functional requirements according to risks, and confirm full scope of testable requirements.
• Develop test cases based on functional specifications, stakeholder requirements, system functionality and complexity.
• Conduct system testing bases on test cases in line with the test plan and compare achieved results against expected results and record the test results on the relevant system.
• Create or acquire test data based on the test case.
• Conduct testing in line with quality management standards and testing policies and practices.
• Report accurately on the progress of test execution.
• Make accurate and relevant information resulting from test execution available, to all stakeholders.
• Log defects on the relevant system and collaborate with the developers and business system analyst to analyse and resolve the defect.
• Ensure risks are escalated and mitigated where necessary.
• Conduct re-testing and regression testing after defects have been resolved to ensure that IT solution is working according to the specifications and the quality standards.
• Document and store all test deliverables in the Quality Centre.
• Generate accurate and comprehensive test reports that highlight the progress and the outcome of the testing.
• Advise and guide colleagues regarding effective test approaches and techniques and provide support for complex test cases in order to provide maximum coverage with minimum effort.

Engage with clients in a client-centric manner (Client Services)

• Provide authoritative, expertise and advice to clients and stakeholders
• Build and maintain relationships with clients and internal stakeholders
• Deliver on service level agreements made with internal and external stakeholders and clients
• Make recommendations to improvement client service within area of responsibility
• Participate and contribute to a culture which build rewarding relationships, facilitates feedback and provides exceptional client service

Self-management and teamwork ( People)

• Develop and maintain productive and collaborative working relationships with peers and stakeholders
• Positively influence and participate in change initiatives
• Continuously develop own expertise in terms of professional, industry and legislation knowledge
• Contribute to continuous innovation through the development, sharing and implementation of new ideas
• Take ownership for driving career development

Contribute to financial controls and planning ( Finance)

• Contribute to the development of area specific budgets to minimise expenditure, in alignment with operational plans
• Identify opportunities to enhance cost effectiveness and increase operational efficiency
• Provide input into the risk identification processes and communicate recommendations in the appropriate forum

Competencies    

• Business Acumen
• Customer/ Stakeholder Commitment
• Drive for Results
• Leads Change and Innovation
• Collaboration
• Impact and Influence
• Self-Awareness and Insight
• Diversity and Inclusiveness

Closing Date    
2023/03/27