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Job Description

Role Description:

The main aim and purpose of the role is to ensure accurate and timely Pricing for various Product Administration Systems.  The role is responsible for managing the Daily and monthly pricing and ensuring that all customers receive consistently correct investment fund prices by effectively managing the Pricing processes. Where staff supervision is required, incumbent must develop all available resources (staff, systems, processes) and ensure that a high-performance culture becomes entrenched in the team. This role shall require liaising with internal and external stakeholders to ensure all requirements have been met. This role will also include managing the processing of monthly distributions for investment funds across the above platforms, ensuring that the rates are captured timeously and accurately.

In addition, the incumbent will be required to learn, understand and on occasion oversee other processes within the business. These include, but not limited to, Daily Manco Instructions, Unit Trust Trading Boxes and manual payments.

Please note that as a number of these functions do not fall within core hours, the incumbent will be required to work outside of normal business hours.

SPECIFIC KEY RESULT AREAS:

Review the current pricing processes to ensure effectiveness and quality standards.Implement new processes where none are in existence.Ensure all Pricing processes are documented, and changes are updated.Ensure processes are inclusive of all regulatory requirements.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.Achieve results through personal efficiency.Identify, manage, and minimise risks/control breaks on the Pricing processEscalate risks/control breaks to management when identified.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.Monitor internal controls and reporting on controls and processes, as well as recommending and implementing amendments to internal controls where appropriate.

                                                                                                                                   

Planning and Assigning Work

Set team priorities and performance objectivesAlign mini-business objectives to business unit strategyMonitor and measure delivery of outcomes

Achieving Results through the Performance of the Team

Achieve the performance objectives set for the teamDisplay a clear bias for actionProvide training/training support for new and existing personnel where necessaryCoach new and existing personnel.Team player to ensure delivery of team objectives.

Relationship Building

Maintain good relationships with internal and external clients, stakeholders and service providersCollaborating with others to achieve personal and team objectives.

Team Effectiveness

Balances own priorities with directing and motivating othersIndividually accountable for others’ time, tasks, and output quality, over periods of up to three months.Supervises a team of Specialist Pricing Administrators

Role Qualifications:

MatricFinancial tertiary education (NQF7 or higher)Knowledge and experience in Pricing - calculating NAV’s, Money Market yields, etc.Relevant management experience/potential.Good interpersonal skills.Ability to interact at all levels with staff and stakeholders.Strong technical and numeric skills.Good application of business principles.Attention to detail.

Competencies

Collaboration (Relating)Customer FirstExecutionInnovation (Perspective)Leading with InfluencePersonal Mastery (Learning)Strategic

This role manages a team in a typical finance environment, with some individual deliveries and is individually accountable for achieving results through others, over periods of 3 months to one year. The person holding this role will lead a team that generally focus and concentrates on one or two major processes

Responsible for the management of a unit of finance staff (typically accounts administrators and/or senior accounts administrators, and occasionally technical specialists (mostly role size M), in support of business objectives.Normal functions pertaining to management (people, process, customer and finance) apply..Team size would vary but would mostly be between 5 and 15 staff members.Also responsible for technical deliveries themselves (high level of technical knowledge in related field to their own staff).Technical skills would relate to a field within the Finance ambit, i.e. product / process / business unit, etc.Carries responsibility to deliver on operational projects within field of expertise

Skills

Money Markets, Numerical Aptitude, Pricing Processes, Risk Management, Technical Skills

Competencies

Business Insight

Communicates Effectively

Ensures Accountability

Financial Acumen

Manages Complexity

Optimizes Work Processes

Organizational Savvy

Plans and Aligns

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent (Required)

Closing Date

13 January 2025 , 23:59

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.

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