Jobs at Old Mutual

Job Description

• Develop, price and monitor experience of life insurance products in East Africa.
• Work closely with distribution channels, providing expert and technical support to assist in enhancing sales e.g. responding to client queries on product performance, developing quotation tools.
• Support product marketing through training and providing support to distribution channels in the field.

Key Tasks And Responsibilities

• New product development and major reviews of existing products –
  • Creation of pricing models (Excel and Prophet) and pricing specification documents.
  • Competitor analysis
• Assist in building product rules on the various Life systems, working with the system vendors. Test and monitor deployment.
• Regularly monitor product rules on the various Life systems, investigate and propose fixes for the system vendors to implement. Test and monitor deployment.
• New business support - Retail
  • Drafting responses to customer queries on benefits and projected values.
  • Creation and review of (Web and Excel) quotation tools per product
  • Review of surrender and maturity values for all products that are not in the Life System.
• Corporate Business support –
  • Calculation of profit shares for schemes
  • Creation and review of quotation tools
• Client services support – responding to difficult customer queries specific to nature of query and product rules that apply.
• Regular reinsurance optimization projects: - modelling scenarios
• Proposing and implementing changes to minor product rules and processes to improve operational efficiency and customer experience.
• Regular reporting of the performance of new and reviewed products.
• Updating advisor packs to incorporate important information.
• Ad hoc tasks as requested by management from time to time.

Skills And Competencies

• Extensive experience in product pricing and profit-testing.
• Proficiency in Prophet.
• Proficiency in Excel and Visual Basic Application.
• Excellent critical thinking and problem-solving skills.
• Good business acumen

Knowledge & Experience

• 4-5 years of experience in product development and/or actuarial valuations.
• Technical knowhow.
• Knowledge of the Kenyan life products market.

Qualifications

• Bsc. Actuarial Science.
• Actuarial qualifications; passed at least 7 actuarial examinations.

go to method of application »

Job Description

The main aim and purpose of the role is to ensure accurate and timely Pricing for all funds namely OMLAC, OMLAK and all Unit trust fund. The role is responsible for managing the Daily and weekly pricing and ensuring that all customers receive a consistently correct pricing and service by effectively managing the Pricing docket. Where staff supervision is required, incumbent must develop all available resources (staff, systems, processes) and ensuring that a high-performance culture becomes entrenched in the team. This role shall require liaising with internal and external clients to ensure all basic requirements have been met.

• Review the current pricing processes to ensure effectiveness and quality standards.
• Implement new processes where none are in existence.
• Provide training/training support for new and existing personnel where necessary
• Coach new and existing personnel.
• Ensure all Pricing processes are documented, and changes are updated.
• Ensure processes are inclusive of all regulatory requirements.
• Monitor system performance and recommend modifications so that unit can take best advantage of information systems technology to meet the unit’s goals and objectives.
• Take up and deliver on any other activities/projects that may be delegated by management.
• Ensure standardised processes are in place and service and quality standards are being adhered to.
• Collaborating with others to achieve personal and team objectives.
• Achieve results through personal efficiency.
• Team player to ensure delivery of team objectives.
• Identify, manage, and minimise risks/control breaks on the Pricing process
• Escalate risks/control breaks to management when identified.
• Prepare for audits, assist in the development of management actions for audit issues, and implement the same within set timelines for all pricing.
• Ensure pricing compliance to all regulatory requirements and internal policies.
• Ensure no gaps in pricing and be held accountable for any claims and/or errors that impact financials and customer claims.
• Maintain relationships with relevant departments.
• Builds and maintains relationships with intermediaries and brokers.

go to method of application »

Job Description

Preparation of Monthly Financials and annual audited financials.

Preparation of Functional Income Statements

Preparation of Business plans and Forecasts

Preparation of monthly, quarterly, and yearly financial reports.

• Responsible for the following entities: - OMHPLC & Shared services
• Preparation of entities audited financials.
• Running the financial and regulatory audits of the entities
• Preparation of Monthly financials of the entities
• Preparation of Monthly Functional Income Statements.
• Maintaining & Improving the financial reporting control environment of the entities
• Providing insightful analysis into the monthly financials of the entities
• Identifying areas of cost saving in the entities
• Identifying areas of automation & process improvement in the various duties carried out.
• Management of entities Fixed Assets & fixed asset register.
• Uploading entity financials(collectors) into HFM.
• Tracking and recognition of investment Income & finance cost
• tracking of actual spend vs budget
• Daily upload of exchange rates in D365
• Opening and closing of Periods In D365
• Running of year end process for the group in D365
• Intercompany reconciliation Grid and guiding the teams.
• Monthly consolidation of property financials.
• Monthly foreign exchange revaluation In D365
• Creating of new dimensions and Fiscal calendars in D365.
• Creating of new ledger accounts In D365
• Maintaining east Africa Mapping in FDM
• Preparation of the entities quarterly Board Reports
• Preparation of entities Business Plans
• Preparation of monthly entities financial forecasts
• Preparation of OMHPLC Half year and Full year publications
• Preparation of entities Opscom report.

Skills

Financial Analysis and Reporting, Financial Forecasting, Income Statements, Intercompany Accounting, Process Improvements