Job Description
About the Role
Hire Resolve’s Client is currently seeking a talented and experienced Product Specialist Lead to join their team in Cape Town. The candidate will join the Structured Solutions team and be primarily responsible for the management of retail discretionary participation business. The candidate may also assist with the development and management of corporate structured and/or guaranteed investments.
Key Responsibilities
- Lead and mentor a team of Product Specialists
- Ongoing management of retail discretionary participation business, including but not limited to the oversight, evaluation and projection of assets and liabilities;
- Identifying improvements to the discretionary participation book or the management thereof, including obtaining approval for the changes from the various governance forums;
- Assisting in the development of corporate structured and/or guaranteed investments including conducting the necessary quantitative analysis, solution research, stakeholder engagement, compiling detailed product specifications and preparation of product approval documents for the various governance forums;
- Reviewing and proposing changes to discretionary participation business management actions;
- Recommendation of bonus rates (interim, final, claim, reversionary or terminal where applicable) for discretionary participation business;
- Review and update of the bonus philosophy which may require creating new bonus smoothing formulae;
- Building, updating or reviewing appropriate models in order to quantify financial impacts appropriately;
- Reviewing and proposing changes to the segment Principles and Practices of Financial Management (PPFM);
- Managing the implementation of statutory and contractual requirements for retail discretionary participation business;
- Mitigating financial, legal, reputational and other pertinent retail discretionary participation business risks by ensuring administration systems are continuously rigorously tested for adherence to contractual obligations;
- Mitigating operational risks by adding a layer of governance to manual processes inherent within retail discretionary participation business;
- Reviewing legal documentation (for example, client contracts, counterparty agreements, etc.);
- Actuarial, compliance and performance reporting for retail discretionary participation business;
- Establishing and maintaining strong relationships with various internal and external stakeholders and assisting them in analysing, supplying and translating information on retail discretionary participation business;
- Driving projects to completion within stipulated timelines;
- Undertaking ad-hoc actuarial tasks including the resolution of technical queries;
- Managing a small team. This requires delegation, review and analysis of work, and ensuring appropriate development opportunities for staff.
Requirements
- Bachelor’s degree in a relevant field
- Qualified or nearly qualified actuary;
- Open to Relocation to Cape Town if in another province
- At least five (5) years relevant experience preferred;
- Experience with RiskAgility Financial Modeller will be advantageous;
- Good knowledge of discretionary participation business as well as structured and/or guaranteed investments;
- Ability to work accurately under pressure;
- High attention to detail and quality orientation;
- Strong analytical and problem solving skills;
- Good written and verbal communication skills;
- Good time management skills; and
- Ability to work in a team as well as independently
Qualifications
- Bachelor’s degree in a relevant field
- Qualified or nearly qualified actuary;
- Completed the necessary certification courses for an Actuary designation if applicable.
Salary & Benefits
Salary: Negotiable. Our client is offering a highly competitive salary for this role based on experience. Apply for this role today, contact Candice Aucamp at Hire Resolve or on LinkedIn or visit the Hire Resolve website: hireresolve.us or email us your CV: .za
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Finance/Accounting Jobs in Western Cape
In the Western Cape, the finance and accounting profession is a thriving industry with a strong demand for skilled professionals. Typically, the job market trends indicate a steady growth in the need for finance and accounting expertise across various sectors. This is often driven by the increasing importance of financial management, regulatory compliance, and data-driven decision-making in businesses.
When it comes to salaries, it’s common to see broad ranges varying depending on factors like experience, company size, and industry sector. Generally, entry-level positions can expect salaries ranging from R250 000 to R400 000 per annum, while senior roles may command salaries between R600 000 and R1 200 000 or more, depending on the individual’s qualifications and level of expertise.
Common skills required for finance and accounting roles in Western Cape include proficiency in financial software such as QuickBooks, Xero, or SAP; strong analytical and problem-solving skills; excellent communication and interpersonal skills; attention to detail and organisational abilities; knowledge of tax laws and regulations; and experience with budgeting and forecasting tools. Typically, a degree in commerce, accounting, or a related field is also essential.
Industry sectors commonly employing finance and accounting professionals include the financial services sector, technology industry, manufacturing sector, and corporate organisations. These roles often involve providing financial guidance, managing budgets, preparing financial reports, and ensuring compliance with regulatory requirements.
For those looking to advance their careers in finance and accounting, career development opportunities abound. Typically, experienced professionals can move into senior management positions or pursue specialisations like forensic accounting, audit, or financial planning. Others may choose to transition into related fields like business consulting, investment banking, or entrepreneurial ventures. With continuous learning and professional development, finance and accounting professionals in Western Cape can enjoy a rewarding and challenging career with opportunities for growth and advancement.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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