Job Vacancies at Old Mutual South Africa

Job Description

A vacancy has arisen for a Finance Manager for Old Mutual Property also known as Old Mutual Real Estate Holdings Company (OMREHC) (Pty) Ltd.  This role has responsibility for a significant business unit, function or segment, defining and implementing financial strategy in the unit/ function/ segment, and ensuring the ongoing financial soundness and profitability of the unit/ function/ segment. The incumbent is individually accountable for achieving results through other managers and their teams, over periods of 1 to 2 years.

•    Responsible for the Financial Strategy and implementation thereof for OMREHC
•     Managing the financial accounting for OMREHC which includes and is not limited to:  
• 15 entities that needs to be consolidated
• Various sub-consolidations
• Annual financial statements
• Tax returns (provisional and final) for 7 entities
• Quarterly submissions on HFM
•     Accountable for OMREHC’s management accounts - continuous monitoring of the annual budget and ensure that revenue targets are met
•     Managing complex transactions in the private equity and real estate markets
•     Management of OM direct offshore assets - Two Rivers and India
•     Accountable for OMP’s Debt and treasury management
•     Board representation
•     Capital raising from external clients 
•     Assess long-term property strategy and identify opportunities for optimisation
•     Review financial and non-financial reports to devise solutions or improvements
•     Build trust relations with key partners and stakeholders and act as a point of contact for important shareholders
•     Give strategic advice and report results and findings to committee and board members
•     Keep relevant stakeholders informed of developments 
•     Maintain a deep knowledge of the markets and industry of the company 
•     Communicate and engage with the various segments within Old Mutual and stakeholders with respect to liability translations involving alignment between liabilities and hedging instruments

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Job Description

This role manages a sales team and distribution strategy and is accountable for the sales targets and profitability of the team, over periods of up to a year.
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.

• Manages sales & expense budget for a sales team in a branch against set targets.
• Responsible for distribution strategy of products within a branch.
• Accountable for local marketing.
• Identifies & creates coordinated sales opportunities.
• Responsible for external networking & relationship building with key door openers.
• Ensures delivery of customer value.
• Manages, develops, appoints & trains sales advisors.

Job Requirements

• Grade 12
• Driver's licence
• RE5
• FAIS Compliant
• FSCA Approved qualification
• Product category experience 1.3/1.5/1.20 
• Updated Continuous Professional Development (CPD) hours
• (Internal) Successful completion of MODP
• Previous Managerial experience essential
• Own transport
   

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Job Description

• Old Mutual’s roots are in insurance and actuaries continue to be a critical talent pool for us. In fact, we are one of the largest communities of actuaries in South Africa, and we continue to grow this capability across the African continent. As a key component of our journey to build a world class team of actuaries, we have an exciting opportunity to join the Group Actuarial team.
• This team is part of the Old Mutual Group Finance division, reporting directly to the Group Chief Financial Officer. The team operates and provides exposure across all the businesses in Old Mutual including the various jurisdictions. 
• The team has a unique opportunity available for a nearly/newly qualified actuary, to gain unique experience in the inner workings of a complex financial services group. This role will support the Actuarial Manager responsible for financial reporting on an IFRS and MCEV basis. The work will initially focus on production with exposure to adhoc/ project work.
• The role will build networks across the wider Group, which will assist with future career development as part of Old Mutual’s actuarial rotation programme.  
• The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

Key Result Areas:

• Financial reporting – Support the financial reporting team during reporting cycles to ensure that valuation results are produced accurately, within agreed deadlines and with appropriate supporting commentary. 
• Continuous improvements – Enhancements of models and processes that produce IFRS/FSV and MCEV reporting. 
• IFRS 17 implementation - Participation in the segment’s involvement in the IFRS 17 project and the transition of reporting into standard production. 
• Ad-hoc/Project work – Assist with ad hoc requests from the wider business (e.g. 
• product owners, other finance areas).

Skills, Qualifications & Experience required:

• Nearly or newly qualified Actuary 
• At least 4 year’s actuarial experience in life insurance 
• Strong technical financial understanding of life insurance products
• Strong detail orientation coupled with the ability to see the “big picture”
• Excellent communication skills (both written and verbal)
• Motivated self-starter who shows initiative, is proactive, looks for ways to improve
• Able to complete tasks within agreed timelines and drive projects to completion with minimal guidance
• Ability to plan and prioritise
• Willing to learn and grow
• High level of accountability

The incumbent will have an added advantage if he/she has the set skills listed below

• Previous valuation experience will be an advantage
• Exposure to group consolidation and accounting reporting process  
• Prior experience with process re-engineering 

Please note that the appointments may be made at a lower role size depending on the successful candidates’ experience.

Skills

Education

• Fellow Of Actuarial Society Of South Africa (FASSA): Actuarial Science
   

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Job Description

This role is responsible for carrying out technical actuarial work, often using complex systems and packages and often accompanies the Senior Actuarial Specialist. The incumbent is individually accountable for achieving results through own efforts.

• Accompanies the Snr Actuarial Specialist. 
• Work is checked and signed off by Snr Act Specialist .
• Carries out technical actuarial work, often using complex systems and packages.
• Checks, manipulates and analyses volumes of data and draws conclusions from the analyses.
• Responsible for technical accuracy and implementation of work.
• Translates actuarial concepts into client - friendly terminology.
• Works independantly, with less supervison than a Junior Actuarial Specialist.
• May deliver actuarial and consulting reports and advice to clients.
• Actuarial specialists in smaller business units that might be doing more technical work and may appear more senior than their peers in bigger Units are in fact Intermediate Actuarial Specialists.
   

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Job Description

• Old Mutual’s roots are in insurance and actuaries continue to be a critical talent pool for us. In fact, we are one of the largest communities of actuaries in South Africa, and we continue to grow this capability across the African continent. As a key component of our journey to build a world class team of actuaries, we have an exciting opportunity to join the Group Actuarial team.
• This team is part of the Old Mutual Group Finance division, reporting directly to the Group Chief Financial Officer. The team operates and provides exposure across all the businesses in Old Mutual including the various jurisdictions. 
• The team has a unique opportunity available for a nearly/newly qualified actuary, to gain unique experience in the inner workings of a complex financial services group. This role will support the Actuarial Manager responsible for financial reporting on an IFRS and MCEV basis. The work will initially focus on production with exposure to adhoc/ project work.
• The role will build networks across the wider Group, which will assist with future career development as part of Old Mutual’s actuarial rotation programme.  
• The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

Key Result Areas:

• Financial reporting – Support the financial reporting team during reporting cycles to ensure that valuation results are produced accurately, within agreed deadlines and with appropriate supporting commentary. 
• Continuous improvements – Enhancements of models and processes that produce IFRS/FSV and MCEV reporting. 
• IFRS 17 implementation - Participation in the segment’s involvement in the IFRS 17 project and the transition of reporting into standard production. 
• Ad-hoc/Project work – Assist with ad hoc requests from the wider business (e.g. 
• product owners, other finance areas).

Skills, Qualifications & Experience required:

• Nearly or newly qualified Actuary 
• At least 4 year’s actuarial experience in life insurance 
• Strong technical financial understanding of life insurance products
• Strong detail orientation coupled with the ability to see the “big picture”
• Excellent communication skills (both written and verbal)
• Motivated self-starter who shows initiative, is proactive, looks for ways to improve
• Able to complete tasks within agreed timelines and drive projects to completion with minimal guidance
• Ability to plan and prioritise
• Willing to learn and grow
• High level of accountability

The incumbent will have an added advantage if he/she has the set skills listed below

• Previous valuation experience will be an advantage
• Exposure to group consolidation and accounting reporting process  
• Prior experience with process re-engineering 

Please note that the appointments may be made at a lower role size depending on the successful candidates’ experience.

Skills

Education

• Fellow Of Actuarial Society Of South Africa (FASSA): Actuarial Science

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Job Description

• Old Mutual is looking for a Senior Data Engineer who will design and implement scalable and robust processes to support the data engineering capability. This role will be responsible for implementing and supporting large-scale data ecosystems across the Group. This thought leader will use best practices in cloud engineering, data management and data storage to continue our drive to optimize the way that data is stored, consumed and ultimately democratized. The incumbent will also collaborate with stakeholders across the organisation with use of the Data Engineering practices to facilitate the improvement in the way that data is stored and consumed.
• Design and implement scalable and robust processes for ingesting and transforming complex datasets.
• Designs, develops, constructs, maintains and supports data pipelines for ETL from a multitude of sources.
• Creates blueprints for data management systems to centralize, protect, and maintain data sources.
• Focused on data stewardship and curation, the data engineer enables the data scientist to run their models and analyses to achieve the desired business outcomes
• Ingest large, complex data sets that meet functional and non-functional requirements.
• Enable the business to solve the problem of working with large volumes of data in diverse formats, and in doing so, enable innovative solutions.
• Design and build bulk and delta data lift patterns for optimal extraction, transformation, and loading of data.
• Ensure that all data solutions support the organisation’s cloud strategy and aligns to the data achitecture and governance including implementation of these data governance practices.
• Engineer data in the appropriate formats for downstream customers, risk and product analytics or enterprise applications.
• Development of API’s for returning data to Enterprise Applications.
• Identify, design and implement robust process improvement activities to drive efficiency and automation for greater scalability. This includes looking at new solutions and new ways of working and being on the forefront of emerging technologies.
• Work with various stakeholders across the organisation to understand data requirements and apply deep technical knowledge of data management to solve key business problems.
• Provide specialised support in the operational environment with all relevant support teams for data services.
• Effective management of demand across the various data streams and use cases.
• Create and maintain functional requirements, system process and system specifications in support of data architecture and detailed design specifications for current and future designs.
• Support test and deployment of new services and features.
• Provides technical leadership to a team of intermediate and junior data engineers, and Quality Assurance engineers.
• Ensure robust collaboration and alignment with Group Solution, Data and Security Architects and manages engagement with business stakeholders effectively.

ROLE & QUALIFICATIONS REQUIREMENTS: 

• Matric, with a degree in Computer Science, Business Informatics, Mathematics, Statistics, Physics or Engineering.
• 5+ years of data engineering experience 
• 5+ years of experience with any data warehouse technical architectures, ETL/ELT, and reporting/analytics tools including , but not limited to , any of the following combinations (1) SSIS and SSRS,  (2) ETL Frameworks, (3) Data conformance, (4) Cacheing, (5) Spark (6) AWS data builds
• Essential skills Glue, EMR, S3, EC2
• Matllion and RedShift a bonus
• The candidate having DBA ability and knowledge across at least 2 platforms (example: TSQL, SAS, PSQL, IBM VSAM, DynamoDB and DB2) will also be beneficial.
• Tends towards Full-Stack engineer with experience across a broad spectrum of technology domains, technologies and Engineering practices
• Highly Proficient in at least one of Python, Java, C/C++ or similar
• Should be Proficient in bash/ksh, perl, SQL
• Experience with R, AWS, XML, json, cron
• Experience with designing and implementing Cloud (AWS) solutions including full use of all APIs available.
• Experience with Dev/OPS architecture, implementation and operation.
• Knowledge of Engineering and Operational Excellence using standard methodologies. Best practices in software engineering, data management, data storage, data computing and distributed systems to solve business problems with data.
• Experience in applying SAFe/Scrum/Kanban methodologies.
• Knowledge and understanding of business process management lifecycle which covers the design, modelling, execution, monitoring, and optimization as well as business process re-engineering.
• Strong problem solving skills demonstrating the ability to exercise judgment in solving technical, operational, and organizational challenges.
• Identify issues proactively and present solutions and options leading to a stable and resilient resolution.
• Expert programming, performance tuning and troubleshooting skills, using the latest popular programming languages such as python, scala, java and suite of Microsoft languages C# and F# preferable.

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Job Description

Responsible for the drafting of contracts for corporate products, such as risk policies, endorsements and annexures that are legally sound, accurate and meet the needs of the stakeholders. This includes:

Drafting of production documents;

• Consulting with product owners and legal and business experts to establish the basis for the contractual documentation.
• Interpret the contents of contracts relating to fund and corporate business.
• Drafting of client documentation for corporate products and ensuring that contracts drafted -

Meet the requirements of legislation;

• Adhere to the requirements of stakeholders such as clients, product owners and legal & business experts.
• Drafting of complex, customised client contracts that deviate from the standard templates.
• Identifying any ambiguities, omissions, errors and inconsistencies in drafting instructions received and resolving these issues with appropriate parties.
• Proof reading of documents drafted to ensure quality, content and adherence to legislation.
• Regular liaison with brokers, consultants, legal advisers and other experts to clarify and resolve issues.
• Networks with business units, legal experts and product owners to establish the basis for contractual documentation and ensure documents meet business requirements.
• With the assistance of the legal advisers, keeping abreast of changes in legislation that could impact client documentation.
• May need to train other drafters and check documents.
• Interpret the contents of the contracts relating to the retirement fund and group employee benefits business.
• Interacting and support team members to meet the teams’ common goals and objectives.

Requirements

• Matric
• Knowledge of corporate products (especially group risk business).
• Drafting skills at an intermediate drafter level, with at least 3 years’ experience working as a contractual drafter.
• Knowledge of relevant legislation such as the Pension Funds Act and Long term Insurance Act.
• Proficient in speaking and writing in English.
• Ability to interpret contracts such as rules, agreements and policies, identify omissions, ambiguities, and other shortcomings and resolving these with the relevant stakeholder.
• Proficiency in the use of MS Word.
• Superior attention to detail.
• Ability to work accurately under pressure.
• Action orientated
• Excellent planning, organising, time management and project management skills.
• Adaptable
• Comfortable with making decision, consulting with experts and imparting knowledge to others.
• An innovative thinker.
• Uses own initiative.
• Strong analytical skills
• Team player

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Job Description

What is a Sales Agent?

• Your time is now with Old Mutual 
• Are you a passionate salesperson that thrives on changing lives for the better or a recent Matriculant dreaming of entering the financial services industry to start your career …. Old Mutual has something to offer you…

What is required of you ?

• Sales agents are responsible for building and maintaining their own client base, marketing and selling the Old Mutual product and contributing to the financial wellbeing of the community.

What do we need from you ?

• A grade 12 (Matric) certificate
• A clear credit and criminal record
• 6-12 months sales / retail experience is advantageous but not essential
• Proven digital literacy (MS Office, WhatsApp, etc.)
• Excellent communication and numeracy skills
• A flair, a passion and high energy for sales and achieving targets
• High attention to detail and a self-driven performer

Personal Qualities 

• Target and Goal Driven
• Client service orientated
• Adhering to Company values and policies
• Good business acumen
• Proactive
• Ability to influence
• Confident decision making
• Ability to handle pressure and set backs
• Trustworthy
• Resilience

What we can do for you ?

• Assist you in reaching your career goals and dreams by helping you grow, develop and build on your future aspirations through quality training and support to reach your potential. We lead with our values, which is at the heart of the great things we do. We champion our customers and employees. We are passionate about diversity and inclusion for mutually positive futures throughout our business clusters. The Group provides many opportunities for growth and development.

So what now ?

If you think you fit the bill, have a desire to join a respected financial services business and would like to set your own earnings potential. Apply Now! 

Skills

• Client Base
• Communication Skills
•  Good time management skills Proactive Approach
•  Time Management

Education

• Matriculation Certificate (Matric)  (Required)