OMF Manager - Impairments and Portfolio Management Apply locations: Johannesburg Posted on: Posted Yesterday Job Requisition ID: JR-57492 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 The Manager Impairment and Portfolio Management is responsible for the driving development, analysis, monitoring and reporting of Impairments and Credit Loss. This includes responsibility for: Operational Execution Model Development and Validation Execution of Portfolio Monitoring Documentation and Reporting Cross-functional Collaboration Managing and guiding analysts within the impairment and portfolio management team and the wider credit team. Key Responsibilities: Portfolio segmentation to enhance classification and measurement. Apply sound statistical methods to forecast credit losses and performance at a cohort level. Engage with stakeholders to understand business needs and develop effective solutions. Communicate various findings and trends to provide clear strategic direction. Prepare reports and presentations, delivering information for executive-level reports and financials. Write or assist in the drafting of ad hoc and recurring reports. Work with teams on-site and remotely to drive projects and work streams forward. Guide and develop credit analysts. Be accountable for developing, analyzing, and documenting a range of IFRS9 provisioning models and capital models across the entire business. Analyze large amounts of information to discover trends and patterns. Continuously research and assess new processes for model development and enhancement. Prepare monthly credit provisions and write-off reports in line with approved policy. Propose solutions and strategies to business challenges, do ad-hoc analysis and present results. Ensure adherence to the IFRS9 standard. Minimum Requirements Graduate qualification in Mathematics, Statistics, Engineering, or related disciplines (Science). Strong reporting and analytics background within the Financial Services industry. 5 Years + working within a retail credit environment. Minimum 2 years of experience developing provisioning models and/or quantitative analytics. Python, R, SQL, and SAS experience are advantageous. Closing Date: 21 August 2024 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. Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19. All prospective employees are required to disclose their vaccination status as part of the recruitment process. Please refer to Old Mutual's Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so. About Us Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending. We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.
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