Senior Financial Executive – Value Management 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 This role is responsible for shaping and executing the financial and value management strategy for OMiX, in alignment with the broader Old Mutual Group strategy. The role focuses on driving long-term financial direction while delivering results through the OMiX value chain within 1-2 years.
Key Responsibilities Develop strategic initiatives that maximize value from our Integrated Financial Services (IFS) model, leveraging digital and data assets, optimizing product and customer profitability, and implementing the OMiX commercial model. Manage cost, profit, and loss across all portfolios. Key Result Areas Strategic Vision Set the commercial vision and direction for OMiX aligned to the OM Group strategy objectives. Design and implement the OMiX Value Management Framework. Lead efforts to simplify Old Mutual's commercial structures, processes, and offerings to deliver incremental value creation from the IFS model. Provide recommendations on corrective action and prioritisation of strategic initiatives to ensure OM Group strategic outcomes are met within agreed timeframes and costs. Analyse the latest industry trends and develop an effective business strategy based on commercial opportunities. Lead the design and execution of the OMiX Commercial model, ensuring its integration across all business portfolios. Financial Management Management of Financial reporting on all Strategic and Key initiatives on a regular basis, contrasting agreed business objectives, funding, agreed timeframes and benefit realization. Cost and Efficiency Optimization Prioritizing and implementing cost reduction initiatives and efficiency measures to improve profitability. Streamlining processes, reducing waste, and removing duplication across portfolios. Customer Profitability & Product Leadership Own and drive customer profitability analysis and optimization across the business. Collaborate with product teams to ensure product offerings align with customer needs while delivering profitable growth. Lead efforts to align product innovation with market demands, ensuring competitive positioning and relevance in the financial services sector. Business Growth Establish and chair a Commercial Executive Committee composed of customer outcome owners and key business unit leaders, focused on driving profitability, customer satisfaction, and sustainable growth. Customer Protection Ensure commercial operations/strategic programs are in compliance with the relevant laws and regulations. Requirements: Skills, Qualifications and Experience Required Bachelors or Masters degree in Business Administration, Finance, or any similar field. Proven leadership experience in a Senior Commercial role within the Financial services or Insurance sector. Strong track record of implementing value creation strategies through simplification, digital transformation, and commercial optimization. Expertise in Financial modelling, Customer profitability, and P&L management across multiple portfolios. Knowledge and experience of Business Agility and principles. A good knowledge of the financial and budgeting processes and strategic performance charting. Excellent leadership and communication skills, with the ability to engage and influence. Additional Qualifications / Experience Required Detailed knowledge of the organisation, systems, and procedures of Old Mutual is advantageous. Strong belief in a non-hierarchical culture of interaction, transparency, and trust in agile teams. Stakeholder Management, Negotiation & Communication Skills. Clarity on delivering clear, prioritised features with acceptance criteria. Skills Business, Business Growth, Business Strategies, Profitable Growth
Education Bachelor Commerce: Finance, Masters Degree (M): Business Administration
Closing Date 21 October 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 the 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. The Old Mutual Story! 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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