Jobs at Old Mutual Kenya

Job Description

The role is responsible for the sourcing function of all technology, Digital, Marketing and related goods and services. This includes planning, supply market research/sourcing, vendor selection, contracting and relationship management for the category assigned. The job holder is required to have a good understanding of the technology supply market and is an advisor to the business on the same, the job holder is individually accountable for achieving results through own efforts.

KEY TASKS AND RESPONSIBILITIES

• Provide support in Category sourcing strategy development, supply base rationalization and implementation
• Perform / support contract analysis and risk evaluation; cost reduction; pricing analysis; and target price evaluation/negotiation for the category
• Negotiate and facilitate implementation of long term agreements and / or partnerships within the category
• Maintain knowledge database of supplier’s markets, sub-categories, capabilities, technology, cost analysis and key performance indicators within the category
• Develop and fully implement long term supply agreements for key strategic high value items and services for the category
• Develop, Implement and Maintain procurement Plans for the category of purchasing
• Develop and fully implement supplier catalogues/pricelists within the ERP system
• Drive category Management within supply chain with emphasis on category buying
• Ensure harmonization of prices of goods and services procured by the entities from various suppliers at different times.
• Develop and implement cost reduction targets in liaison with budget holders and suppliers
• Monitor the performance of supplier to ensure they deliver quality goods & services as per contract/Purchase Order.
• Enforce supplier Payment Terms that are, cost favorable to the company
• Use category strategies to drive cost management
• Drive Total cost of ownership approach to price evaluations
• Ensure adherence to policies and procedures
• Develop Purchasing SLA with all Internal & External stakeholder
• Evaluate suppliers to ensure consistently high performance and value-addition
• Manage all tender documentations/processes.
• Ensure contract renewal/tendering processes is started at least 3 months before expiry of the current one.
• Manage the category budget –monitor expenditure against approved budget for the category
• Lead, develop and motivate staff to ensure that set objectives are met and exceeded in line with senior management and customer expectations on goals achievement and service delivery
• Achieve 100% CIPS Certification for Staff under span of control

Skills

• Category Management
• Cost Analysis
• Sourcing Strategies
• Tender Processes

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Job Description

• Ensure provision of Actuarial Services to Old Mutual Assurance Kenya by working closely with the Business Entities and other Group Functions to meet their needs. This includes reserving, pricing, product reviews, experience reviews and solvency and capital management
• Conduct accuracy checks, and analyses data to draw conclusions and make recommendations
• Generate actuarial reports on various technical issues to Group Actuary, Senior Management and Board of Directors.

KEY TASKS AND RESPONSIBILITIES

• Technical Actuarial Support; Conduct and/or review internal actuarial liability valuations for relevant insurance subsidiaries, analysis of profitability/surplus, calculation and analysis of embedded value using Prophet and MS Excel for UAP entities
• Review of external actuaries’ report and collaboration with the appointed actuaries to produce the Financial Condition Report for the BUs.
• IFRS 17 Project Support; Work closely with the IFRS 17 project and technical lead to deliver on the key project milestones and assist with the dry runs and transitions.
• Product Profitability Review; Perform profitability analysis, experience analysis, and other relevant actuarial investigations for UAP BUs to inform business decisions.
• Solvency and Capital management; Carry out solvency computation for the entity on a risk-based capital basis including solvency stress tests.
• Financial Modeling; assist with financial modeling of business scenarios/projects to inform business decision making.
• Strategy and Business Planning Support; assist with business planning financial projections and solvency projections for the UAP entities. Perform stress and scenario analysis on the plan numbers.
• Reinsurance Support; Carry out a reinsurance analysis for the East Africa subsidiaries to explore ways to optimize on reinsurance arrangements.
• Reporting and Documentation; Presentation of results and reports to businesses and subsidiary boards committees. Preparation of Board Papers and regulatory solvency and valuation reports.
• Risk Management support; assist the Business Units and Risk Department in identifying, quantifying risk (insurance, market, credit risks etc.) where appropriate.
• Investment Strategy support; Develop/formulate appropriate investment strategies and/or review and monitoring of investment strategies for UAP-Old Mutual businesses.
• Other reasonable duties that may be assigned by management.