Finance Business Analyst

Recruiter Old Mutual Life Assurance Company (Malawi) Limited

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Job Description

An opportunity has become available for a Senior Financial Analyst within the Channel Finance team within the Old Mutual Personal Finance business unit. The incumbent will work on Strategic and Operational projects and deal with stakeholders across Business areas and stakeholders at various management levels within the organization.

Channel Finance Unit

The unit forms part of the wider PF Finance department. It has specific responsibilities focused on tracking sales performance, channel profitability and Rem and Incentives for the distribution channels.

Key focus of the role:

The key focus of the role is to:

• Support the Head of Channel Finance including representing the unit on various decision-making committees.
• Drive specific projects through analysis, consultation, and recommendations and then driving implementation. Specifically, these projects will focus on how PF can improve its financial performance in three areas - Remuneration, Channel Income and Channel Costs.
• Working across PF functions including sales channels and operations functions and supporting other members of the Channel Finance team as required.
• Financial modelling of new business initiatives or projects within the business (Human Capital, Distribution Channels etc.).
• Understanding and interpreting business requirements and translating them into analytical reporting.
• Translate data into insights. Present insights to business to enable strategic decision making process.
• Responsible for building strong working relationships with internal clients.
• The ideal candidate will have a mix of technical knowledge, understanding of OM distribution and influencing skills to support implementation.

• Contributes to and implements financial strategy.
• Assist with Business Plan and Forecasts for the Channels, in line with Channel Goals.
• Commercial reviews of projects and incentives.
• Financial modelling of new business initiatives.
• Understanding and interpreting business requirements and translating them into analytical reporting.
• Liaising with Board members, senior stakeholders and auditors.
• Implementation of controls, data analysis, testing of data flow/financial transactions.
• Analyse business, financial and general operating information to identify trends and opportunities for development.
• Advises management on how to interpret information relating to financial and business management, to help the segment reach its financial and non-financial goals.
• Advises management on financial reporting processes.
• Undertakes projects that will improve operating efficiency and profits.
• Identifies and remediates areas of the business where inefficiencies may occur and implement resolution.
• Providing technical support where needed.
• Delivering presentations tailored to meet the understanding of the target audience.

• Analyses business, financial and general operating information to identify trends and opportunities for development.
• Analyses and monitors the effect of budget or policy changes on the business unit's productivity.
• Reviews the validity of business cases for new services or products and/or product enhancements.
• Incorporate the launch of new products/services into the financial & reporting processes.
• Identifies areas of the business where inefficiencies may occur.

• Plans and prepares budgets and forecasts according to organisational goals.
• Advises management or clients on financial reporting processes.
• Perform analytical reviews / trend analysis / reconciliations of various accounts.
• Contributes to and implements financial strategy.

• Liaises with internal and external auditors.
• Ensures tax, legislative and statutory requirements are met.

• Manages service delivery through a team of managers for periods of 3 months to 1 year.
• Drives operational excellence through areas of collaboration.
• Develops Managers of Others and specialists under supervision.

• Commercially minded qualified CA or Actuary.
• Post-graduate studies particularly in areas such as Business Management or Project Management would be a strong advantage.
• Applicant must have a minimum of 5 years working experience in financial services.
• Preferable Old Mutual Financial Services experience.
• Strong Analytical and Numerical skills.
• Knowledge of Excel and PowerPoint essential.
• Self-starter.
• An ability to build support for solutions and influence senior management.