About this role
Let's Write Africa's Story Together!Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job DescriptionResponsible for the financial management of the Personal Finance segment, including the full range of financial reporting. Develops and drives the financial strategy for the segment aligned to the business strategy and oversees operational delivery of the finance portfolio. Provides strategic finance support to the business with a focus on commercial viability of Personal Finance’s distribution models. The role is also responsible for the risk management of Personal Finance, with a specific responsibility for the Legal function. The role ensures that the segment is aligned to Group requirements, policies and frameworks The incumbent is accountable for achieving results through internal and external stakeholders over periods of up to 5 years. Part of the CFO forum run by the OML Group CFO as well as L&S Cluster Finance forums.Participates in the Old Mutual Personal Finance Executive Committee, and as such contributes to the wider strategy and delivery of the segment.Chairs the segment’s GRC (Governance, Risk and Compliance) committee Key Responsibilities but not limited to:Develops and drives Segment Financial StrategyAccountable for setting policy and financial strategy for capital management and for compliance with accounting and actuarial standards across the business.Aligns financial and governance strategy to needs in the external market (inclusive of legislative changes).Defines and implements best operating practices for the finance function.Provides scenarios and analysis to enable long term strategic planning (+3yrs) and decision-makingFacilitates investment decision-making process for operational and strategic projectsTranslates and cascades Strategic directives into Operational goals Oversees Financial managementIdentify, construct and track the right financial metrics aligned to business strategy outcomesEfficient financial management – accurate recording, reconciliations and reporting.Efficient and effective expense management through budgeting support, monitoring and analysis, and engagement with value chain functions. Drive expense optimisation programmes across the business. Balance sheet management – responsible for actuarial liability and accounting provision assumption setting and provisions in line with the Group financial management framework.Ensure optimal capital structure and managementEnable Executives responsible for interfacing with Group functions to manage cost/benefit for outsourced and group services (e.g., Human Capital, Marketing, etc) Oversees Internal and external reportingAccurate, timely and fit-for-purpose financial reporting for Group, regulatory reporting requirements as well as internal business managementCompliance with Actuarial guidance, IFRS, Prudential Authority, FSCA, JSE listing and any other external regulatory requirementsEnsure Group reporting and external reporting portrays Old Mutual Personal Finance effectively for investors and shareholders to appropriately understand, model and value the business Leads Business planning and analysisLead the annual business planning processProvide input and analysis to enable planningEnsure alignment of the financial plan with the segment strategy Facilitate product and customer pricingAssist Customer segment and Product heads to craft pricing strategiesProvide input into product pricing and assumption setting and sign off that pricing meets the Personal Finance targetsEnable financially informed decisions at product and customer levels Facilitate robust Business partnering and stakeholder managementProvide ongoing thought leadership and expert decision support for all parts of the value chainProvide finance support to the Personal Finance distribution channels, which includes designing the remuneration and incentive schemes as well as guiding the commercial viability of the channelsWork with customer segment teams to ensure accurate support on business casing new opportunities and customer propositionsEnsure client-facing legal team delivers fit-for-purpose, client-centric legal advice to support the sales efforts of financial advisersManages broad stakeholder relationships Models Management & Leadership EffectivenessDefine performance parameters and measurements for the area under supervision.Manage service delivery through other managers and their teams.Hold first line managers accountable for managerial work, including selection, performance management and talent management.Ensure effective talent management, including succession planning; transformation per the BBBEE targets of the segment and national EAC (economically active population), skills development and training for a sustainable operating model and diverse, high-performing teamEncourage a culture of continuous learning and development in the organisationChampions and enables change initiatives and facilitates a constructive Culture shift Oversees and ensures Risk Management, Governance and ComplianceEnsure that the business unit is compliant with Group Governance Framework, Segment strategy and operating model and any statutory legislation and regulationsInterpret Group policies and frameworks for the business and embed them into the businessOversight of Enterprise Risk and chair the GRC committeeEnsure appropriate legal business partner support to the business, including the business’s legal risk and contracting requirementsEnable appropriate supplier procurement oversight and contracting in line with the business’s BBBEE objectives, SMME focus and agile deliveryFunction as the Segment single point of contact with External AuditorsIdentify and manage key strategic risks; escalate where risks cannot be addressed at this level.Understand the unfolding environment that industry & competitors face and define related risks Requirements:Qualified Actuary with extensive post-qualification experience.Significant executive/senior level financial leadership experience, including financial reporting, performance management, capital management and strategic planning within a complex financial services environment.Demonstrated strategic insight, commercial acumen and the ability to influence senior stakeholders to drive business performance and value creation.Preferred experience:Exposure to leading a business unit, customer segment, product portfolio or operational function outside of Finance would be advantageous.Leadership capabilities:Strategic and enterprise-wide thinking.Exceptional commercial acumen and business judgement.Strong executive presence and influencing capability.Ability to drive outcomes through collaboration rather than authority.Resilience and sound decision-making in complex environments.Ability to simplify complex financial and actuarial concepts for non-financial stakeholders.Strong stakeholder management and relationship-building capability. SkillsAdaptive Thinking, Change Management, Current State Assessment, Customer Value Management, Executing Plans, Legal Practices, Management Reporting, Negotiation, Oral Communications, Policies & Procedures, Policy Development, Presenting Solutions, Strategic PlanningCompetenciesBalances StakeholdersBuilds Effective TeamsBuilds NetworksBusiness InsightCollaboratesCommunicates EffectivelyDrives Vision and PurposeInstills TrustEducationFellow Of Actuarial Society Of South Africa (FASSA): Actuarial Science (Required)Closing Date15 October 2026 , 23:59The 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.The Old Mutual Story!
- LOCATION
- Pinelands
- WORK MODE
- On-site
- JOB TYPE
- Full-time
- POSTED
- 01 Oct 2026
Source: Old Mutual Careers