Personal Finance: CFO

Let's Write Africa's Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job Description

Responsible for the financial management of the Personal Finance segment, including the full range of financial reporting. Develops and drives the financial strategy for the segment aligned to the business strategy and oversees operational delivery of the finance portfolio. Provides strategic finance support to the business with a focus on commercial viability of Personal Finance’s distribution models. The role is also responsible for the risk management of Personal Finance, with a specific responsibility for the Legal function.

The role ensures that the segment is aligned to Group requirements, policies and frameworks The incumbent is accountable for achieving results through internal and external stakeholders over periods of up to 5 years. Part of the CFO forum run by the OML Group CFO as well as L&S Cluster Finance forums. Participates in the Old Mutual Personal Finance Executive Committee, and as such contributes to the wider strategy and delivery of the segment.

Chairs the segment’s GRC (Governance, Risk and Compliance) committee

• Develops and drives Segment Financial Strategy
• Accountable for setting policy and financial strategy for capital management and for compliance with accounting and actuarial standards across the business.
• Aligns financial and governance strategy to needs in the external market (inclusive of legislative changes).
• Defines and implements best operating practices for the finance function.
• Provides scenarios and analysis to enable long term strategic planning (+3yrs) and decision-making
• Facilitates investment decision-making process for operational and strategic projects
• Translates and cascades Strategic directives into Operational goals
• Oversees Financial management
• Identify, construct and track the right financial metrics aligned to business strategy outcomes
• Efficient financial management – accurate recording, reconciliations and reporting.
• Efficient and effective expense management through budgeting support, monitoring and analysis, and engagement with value chain functions.
• Drive expense optimisation programmes across the business.
• Balance sheet management – responsible for actuarial liability and accounting provision assumption setting and provisions in line with the Group financial management framework.
• Ensure optimal capital structure and management
• Enable Executives responsible for interfacing with Group functions to manage cost/benefit for outsourced and group services (e.g., Human Capital, Marketing, etc)
• Oversees Internal and external reporting
• Accurate, timely and fit-for-purpose financial reporting for Group, regulatory reporting requirements as well as internal business management
• Compliance with Actuarial guidance, IFRS, Prudential Authority, FSCA, JSE listing and any other external regulatory requirements
• Ensure Group reporting and external reporting portrays Old Mutual Personal Finance effectively for investors and shareholders to appropriately understand, model and value the business
• Leads Business planning and analysis
• Lead the annual business planning process
• Provide input and analysis to enable planning
• Ensure alignment of the financial plan with the segment strategy
• Facilitate product and customer pricing
• Assist Customer segment and Product heads to craft pricing strategies
• Provide input into product pricing and assumption setting and sign off that pricing meets the Personal Finance targets
• Enable financially informed decisions at product and customer levels
• Facilitate robust Business partnering and stakeholder management
• Provide ongoing thought leadership and expert decision support for all parts…