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

Old Mutual Alternative Investments (OMAI) is one of Africa’s leading private alternative investment managers. We have over *ZAR 139.4 B (USD 7.6 B) in assets under management in Infrastructure, Private Equity, Impact Investing, Hybrid Capital and Diversified Credit

Our investments build the houses, schools and thriving businesses that Africa needs, as well as provide essential infrastructure such as sustainable power generation, roads, railways, airports and telecommunications.

We choose to make a positive social impact across Africa by going ‘Beyond the Obvious’ to uncover opportunities that others may overlook. We aim to deliver higher returns by mobilising capital intelligently to both participate in and catalyse significant African growth opportunities.

Role overview:

This role is responsible for the management, growth and strategic direction for investments in the Impact Investing space, and specifically in the field of education. If you seek to make a difference to development in South Africa through investment and enjoy working in a dynamic team this is the place to be.

Key Result Areas:

This job entails undertaking asset management functions of education investments from cradle to grave with the key objectives being to:

Deliver commercial returns for investors.Deliver development impact that contributes to quality education in South Africa.Providing strategic direction to the operating partners in investment companies.Responsible for researching, analysing and providing relevant information in the Impact Investing space in the field of education.Undertake due diligence and analyse investments with reference to track record, financial soundness, sustainability, scalability, and operational soundness.Structure and restructure investments within the mandates of the fund, develop and stress financial models for the project in conjunction with the operating partners.Negotiate and develop appropriate action plans and strategic interventions with operating partners. Write up and present investment and education proposals, having assessed operational effectiveness.Management of investments, which includes:Perform the technical functions required to undertake financial modelling, review and management of monthly and quarterly management reports, and provide reports including assets reports, valuation reports, and investor reports.Ensure that the operator of education investments delivers on their legal obligations and business objectives through effectively fulfilling the role of Fund Manager, through participation in quarterly board meetings, and through providing leadership on key business matters as they arise.Ensure that the education developments are identified and completed timeously within budget and to the right quality.Performance analysis, monitoring and reporting.Analyse and record the developmental impacts and social benefits because of the investments.Risk management.Board representation.Contribute as a member of the team to the management and policy directions of the funds.Contribute where required to interacting with and managing, third party investors into the funds.Work as part of the education team, and across OMAI, the Wealth and Investment Cluster and the broader Old Mutual.The post is Cape Town based, but work is national with travel essential.

Skills, Qualifications and Experience Required

Four-year undergraduate degree.Post-graduate qualification in financial, property, education or related field (e.g. MBA/CFA/CA) would be advantageous.10+ years’ experience in finance and Education sector would be advantageous.Strategy and investment experience would be advantageous.

Key Attributes & Competencies:

Strategic and lateral thinkingHigh EQ and willingness to engage with stakeholdersNegotiationAction and implementation orientatedCollaboration across teamsPresentation skillsFinancial and business acumenTenacity

Directs the implementation and execution of the investment strategy to optimise investment advisory services and maximise the support provided to the investment team to enable successful outcomes. Regularly reviews investment portfolios and adapts strategies to address evolving needs.

ResponsibilitiesInvestment Management

Take responsibility for developing and delivering an important part of the organization's investment policy. Also responsible for maximizing the value of investments by managing an investment department or unit.

Risk Scenario Modeling

Undertake strategic and tactical risk modeling and scenario planning for business-critical decisions to support business strategy and to identify and mitigate risk in line with the risk appetite. Advise on modeling of risk scenarios to comply with the risk appetite.

Financial Policies, Guidelines, and Protocols

Lead and coordinate the development and delivery of financial policies, guidelines, and protocols across the business to ensure the company complies with regulations and good financial practice.

Leadership and Direction

Identify and communicate the actions needed to implement the function's strategy and business plan within the business area or department; explain the relationship to the broader organization's mission, vision, and values; motivate people to commit to these tenets and do extraordinary things to achieve local business goals.

Financial Management and Control

Manage a significant portion of the organization's financial management and/or control processes.

Operations Management

Manage a significant operational area for the organization.

Performance Management

Manage and report on performance within the department or area of responsibility; set appropriate performance objectives for direct reports and hold individuals accountable for achieving them; take appropriate corrective action where necessary to ensure the achievement of annual business objectives.

Internal Client Relationship Management

Manage relationships with strategic internal clients and act as a business partner to them, building high levels of professional credibility and mutual trust, and mobilizing appropriate internal and/or external resources to support in delivering business strategy and plans.

Budgeting

Manage budget plans for a department. May involve development or delivery or both.

Internal Communications

Manage certain aspects of the internal communications system with some guidance from senior colleagues. This could mean being responsible for the development or operation of the system.

Organizational Capability Building

Evaluate the capabilities of staff within the department to identify gaps and prioritize development activities. Implement the organization's formal development frameworks within the area of responsibility. Coach and mentor others to support the development of the organization's talent pool.

Skills

Accounting, Alternative Investments, Budget Management, Client Management, Executing Plans, Financial Acumen, Financial Auditing, Financial Modeling, Investments, Investment Strategies, Legal Practices, Oral Communications, Policies & Procedures, Readiness Assessments

Competencies

Builds Effective Teams

Communicates Effectively

Customer Focus

Ensures Accountability

Financial Acumen

Instills Trust

Manages Complexity

Optimizes Work Processes

Education

Post-graduate Diploma (PGDip)

Closing Date

10 February 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.

The Old Mutual Story!