Job Opportunities at NMG Benefits

Company Overview

The NMG Group is a global advisory and intermediary firm focused exclusively on the financial services sector. Established in 1992, NMG has enjoyed rapid expansion internationally and now has over 800 employees in 18 cities, covering all continents. NMG is made up of three broad business groups:

• NMG Consulting, a specialist consulting business focused on the insurance and investment industries
• NMG Benefits, an employee benefit consulting and administration business in South Africa
• NMG Capital, a private equity business investing in financial services entities
• NMG Botswana, an employee administration business

Clients include multinational insurance and wealth management companies, as well as employers whose staff participate in Retirement Fund and other employee benefit programmes.

NMG Benefits is the trusted partner of employers, medical schemes, pension funds, employees and retirees. We provide clients with unbiased and professional advice on the provision and management of employee medical, life and disability insurance, and retirement solutions.

NMG provides advice to many blue-chip corporations with a team in excess of 400 staff looking after the employee benefit requirements of more than 200,000 of our clients’ staff members and their families.

Role Overview

This role will provide executive-level support to the CEO of NMG Benefits. The successful candidate will manage the flow and exchange of information, streamline interactions with key stakeholders (including clients and senior executives) and facilitate initiatives on behalf of the CEO, requiring the use of considerable judgement and independent action. 

Responsibilities will include planning key operational activities including preparation for key meetings, agenda development, and providing timely advice or key updates on critical projects or issues requiring the CEO’s attention. Other key accountabilities will include managing, researching, facilitating, analyzing and implementing projects and issues as required, supporting client-facing activities and ensuring that communication with key stakeholders is undertaken effectively and in a timely manner.

This role is expected to provide significant assistance to the CEO in working closely with business unit managers and functional heads to assist in the achievement of strategic and commercial objectives and growth targets.

The incumbent will be based in Johannesburg for the duration of the secondment, although travel to other NMG offices will be required.  

Duties and Responsibilities

Executive Support

• Develop an in-depth understanding of the business environment, internal organisation and ways of working
• Establish strong rapport with key stakeholders within the organization
• Act as the first point of contact for all internal and external stakeholders on behalf of the CEO, as appropriate and communicate directly on all matters related to the CEO’s initiatives
• Research, prioritize and follow up on incoming issues and concerns addressed to the CEO, including those of a sensitive or confidential nature, and determine appropriate course of action, referral or response
• Act as a liaison for the CEO with all internal departments whilst developing and maintaining credibility, trust and support with all Senior Executive staff
• Monitor the issues taking place within NMG Benefits and updating the CEO as appropriate/required
• Assist the CEO in conducting regular business reviews in order to monitor and drive performance
• Assist the CEO in conducting annual business planning and strategy exercises
• Support planning and preparation for the monthly Exco meeting, quarterly Board meeting, offsites and other senior staff meetings as required. Create agendas and supporting materials as required
• Maintain a close working relationship with the PA for the CEO to remain up to date with current obligations in addition to upcoming business priorities and assist with scheduling conflicts etc
• Other functions, projects and responsibilities as assigned by the CEO

Strategic Initiatives / Project management

• Develop a working knowledge of the growth targets of the company and various strategies, programs, management initiatives and priorities to meet these goals
• Monitor and report progress on these programs, initiatives etc.; highlight risks, delays, and opportunities to CEO
• Provide support on client activity to the CEO as required
• Lead ad-hoc projects as required by the CEO to deal with business issues as they arise; this will require self-initiated research and analysis to investigate options

Communications

• Plan and prepare timely business-wide communications from the CEO (strategy and financial performance updates etc.)
• Draft strategic communications and prepare external correspondence as required
• Coordinate PR and external activities for the CEO in liaison with the Marketing department.

Qualification

• Tertiary qualification in a technical discipline
• Current employee of the NMG Benefits

Attributes & Skills: 

• Excellent written English
• Ability to exercise good judgement in a variety of situations
• Ability to engage stakeholders both throughout the organization and externally
• Exceptional analytical abilities
• Ability to multitask and prioritize a number of projects
• Ability to work in a fast-paced, entrepreneurial and often unpredictable environment
• Ability to apply discretion and deal with highly confidential matters
• Proven ability to exercise good judgement and discretion on a consistent basis
• Exceptional project management skills with the ability to manage a project from inception to completion
• Takes initiative to thoroughly monitor, coordinate, follow up and ensure priorities and projects are managed through to completion
• Excellent communication (Written and Verbal)
• Interpersonal skills
• Exceptional organizational skills and attention to detail
• Highly professional and diplomatic approach
• Approachable, dynamic and enthusiastic

Core Competencies

• Influencing Others
• Creating Networks
• Customer Engagement
• Structured & Analytical

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Role Overview

The Incumbent of the role will be responsible for monthly and quarterly management of accounts, annual Financial statements and Controlling costs. Fund Accountant will be supporting the Manager Accounts to meet service level agreements and meeting deadlines.

Duties and Responsibilities

Monthly Accounting Work

• Upload Bank Statements into the admin system
• Monthly and quarterly management accounts
• Managing and meeting deadlines (Monthly, Quarterly and Annual Processes)
• Preparing monthly ALM’s on all management accounts
• Prepare Quarterly SARB reports
• Timeous payment of fund invoices
• Preparation of annual financial statements for active and termination funds

Annual Financial Statements

• Preparation of annual audit file on stand-alone funds/ consolidation and preparation of working papers for umbrella funds, including financial statements
• Assist with annual Regulation 28 Reports
• Meet audit deadlines
• Resolve queries (audit, actuarial and Trustee) within the stipulated turnaround times
• Adhere to processes and procedures within the fund accounting team.
• Annual planners to be always maintained and adhered to

Controlling Costs

• Avoid audit overruns

Note:

Based on years of experience, additional tasks can be allocated as required by the business. This might include the checking of reports.

Qualifications

• Matric/ Grade 12
• BCom or studying towards a BCom degree or a relevant accounting diploma/qualification

Experience

At least 1 - 5 years’ experience in Retirement Fund Accounting is an advantage (depending on role requirements)

Skills Required

• Knowledge of accounting policies, systems, procedures and Generally Accepted Accounting Practice.
• Knowledge of Financial Sector Conduct Authority (FSCA) requirements and involvement.
• Knowledge of The South African Reserve Bank (SARB) requirements and involvement.
• Knowledge of segregated investments and disclosure on Annual Financial Statements
• Ability to correspond/communicate with auditors, consultants and actuaries.
• Understanding the purpose, background and policies of the organization.
• Understanding the roles of other staff members and be an effective team player.
• Communication, listening skills and the ability to relate to people from different cultures and backgrounds.
• Computer skills, including excel skills and the ability to use relevant computer software such as spreadsheets, email diary systems and PowerPoint.
• Planning and Organisational skills.

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Role Overview

This is a professional position that will support Financial Advisors and Wealth Managers directly in servicing the existing and potential clients. You will be expected to perform various tasks including portfolio reviews and preparing financial projections using financial planning software. You must have the ability to utilize critical thinking skills, work within a team, and anticipate firm needs and client questions. Qualified candidates will be detail oriented, structured and have a high degree of follow through.

This is a professional position that will support Financial Advisors and Wealth Managers directly in servicing the existing and potential clients. You will be expected to perform various tasks including portfolio reviews and preparing financial projections using financial planning software. You must have the ability to utilize critical thinking skills, work within a team, and anticipate firm needs and client questions. Qualified candidates will be detail oriented, structured and have a high degree of follow through.

Duties and Responsibilities

• Preparing financial analyses for clients, including retirement analysis, estate planning analysis, education funding analysis, stock options analysis, and risk management needs analysis
• All aspects of pre-client meeting activities such as preparation of meeting agendas, client paperwork, Investment Policy statements, asset allocations as well as post-client meeting tasks such as develop meeting notes, perform financial situation analyses, and coordinate planning implementation with outside professionals if necessary
• Continuously monitor clients’ financial situations with detail and accuracy
• Be able to keep up and learn things quickly in a fast paced environment and effectively manage regular changing of priorities

Qualifications

• B.S. degree from accredited four year university preferably in financial planning, business, finance, economics, etc.
• CFP® certification or attainment within 1-2 years after joining firm
• Strong financial and analytical skills
• Strong verbal and written communication skills
• Strong persuasive and interpersonal skills
• Basic understanding of investment and financial planning strategies for high net worth clients
• Ability to identify, meet and follow through with client needs and requirements
• Must be a self-starter, problem solver and a goal-oriented team player with a ‘no job is beneath me’ attitude
• Organized, with a strong attention to detail
• Able to perform multiple tasks efficiently
• Show confidence, yet in a humble manner, when dealing with clients, firm Financial Advisors and Wealth Managers
• Superior knowledge of Microsoft Excel, Word and PowerPoint

Competencies

• Capture all existing information
• Assess and analyze present needs and review all available options in order to attain clients future dreams.
• Generate quotes from your specific needs from relevant companies
• Compile comparison of multiple quotes and presentation
• Assessment of multiple quote and preferred quote

Provide advisor with:

• Multiple written recommendations,
• Proposals
• Record of Advice
• Preparation or client file for new business and reviews

Gather list for reviews of:

• Assets
• Liabilities
• Interest rates
• Company Docs
• Agreements, Trust deeds
• Authorization letters
• Current Will etc.
• Request relevant info from 3rd parties
• Capture client specific needs in CRM
• Review clients according to CRM review dates

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Role Overview :

To provide a service to Customers, Stakeholders, NMG provincial offices, and Underwriters by resolving insurance policy queries on products according to business needs. To facilitate the development of customer loyalty through dynamic customer relationship management and to consistently portray a corporate image aligned to the culture of our organisation.

Job Specifications: Key Performance Objectives

• Important to note: Our current Clients are Professionals in the Built Environment (eg Architects, QSs, Engineers) Legal, Accounting and Financial sectors
• The Insurance companies and Underwriters we support are all specialists in these insurance Products and types of Clients/Professions.
• The Job focus is on our main insurance products for these types of Clients i.e. Professional Indemnity and/or Civil Liability, related Crime/Fidelity, Directors & Officers Liability.

Responsibilities include but are not limited to: 

• Responding to Clients/potential Clients requests / queries and maintaining excellent CRM
• Contacting and dealing with Clients/potential Clients on outstanding information or marketing matters
• Preparing and sending out proposal forms to Clients and/or potential Clients
• Dealing with Insurers/Underwriters on any queries and obtaining quotations
• Checking and verifying quotations from Insurers/Underwriters
• Preparing and sending out quotations to Clients/potential Clients. NB - on “Scheme” quotations, adhering strictly to Scheme Binding Authorities with Insurers
• Assisting with monthly Management Accounts and reports to Management and Credit Control
• Sending out of renewal notices and letters and following up sending reminders
• Follow up on outstanding information/renewals from clients
• Maintaining and loading data into the TIAL policy administration and quotation systems eg see following:- Tial system includes
• Raising of invoices
• Loading of policies, checking for accuracy prior to sending to client and underwriter
• Uploading of client documentation to Tial/share drive
• General
• Assist Senior Accounts Executives and NMG RM Director as and when required

Qualifications:

• Matric
• RE5
• COB (Class of Business) and be FAIS Compliant in terms of Commercial Lines
• Short Term Insurance Certification advantageous
• Wealth management Certification advantageous

Requirements/Attributes:

• At least 2-3 years experience in Professional Indemnity Insurance
• Willingness and aptitude to undergo further training and specializing in Financial and Professional Risks
• Attention to detail and focus on the tasks at hand
• Completion of tasks in a timeous and correct manner
• IT competency
• Excellent verbal and written communication skills
• Tial competency or similar Policy Administration systems
• Able to execute tasks without constant supervision
• Willing and able to work from Offices (in Bryanston)