Job Description

Closing Date 2024/04/10
Reference Number MMH240306-6
Referral Platform URL
Job Title Financial Modelling Analyst
Position Type Permanent
Role Family Insights & Analytics
Cluster Momentum Distribution Services
Remote Opportunity Some of the time
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Centurion
IntroductionMomentum, a financial services provider since 1966, known for its entrepreneurial spirit and innovative culture is committed to wealth creation and preservation, insurance, and income protection for all our clients. We do this through our understanding of the retail insurance, savings, and investment markets in SA.
Role PurposeThe Financial Modelling analyst role performs analysis of financial data and transactions to provide input and insights that will support business decision making within MDS.
RequirementsQualifications:

• Bachelorxe2x80x99s degree in Actuarial, Finance, Statistics, Economics, or related field. Advanced degree (e.g. FRM/CFA/ CA) preferred.

Experience:

• 5+ years of experience in insurance, investments, data science, financial analysis, consulting, or a similar role
• Top level proficiency in modelling techniques, software, data storage and reporting platforms including but not limited to SQL, Microsoft Excel, VBA, Python, QlikView and PowerBI.
• Experience with scenario testing and remuneration modelling would be advantageous

Knowledge:

• Familiar with behavioral finance concepts.
• Excellent quantitative and analytical skills with a keen attention to detail.
• Ability to communicate complex quantitative concepts effectively to both technical and non-technical stakeholders.
• Proven ability to manage multiple projects simultaneously and meet very tight deadlines in a fast-paced environment.

Skills in SQL and DCS would be advantageous
Duties & Responsibilities * Insights and Analytics function that enables business decision making

• Analyse various sources of information and translate findings into insights that answer specific business questions.
• Conduct thorough research and analysis to understand industry trends, market dynamics, and competitive landscapes.
• Validate and refine existing tools, models, and processes to ensure accuracy, consistency, reliability, and effectiveness.
• Prepare detailed reports and presentations summarizing key findings and recommendations derived from analysis to highlight insights and inform decision-making.
• Assist in the preparation of proposals, business plans, and presentations for management and other stakeholders.
• Develop comprehensive models and analytic tools to analyze various scenarios, including but not limited to commission linked remuneration and incentive structuring, budgeting, forecasting, valuation, and risk assessment.
• Provide financial analysis in the form of descriptive analysis, trend analysis and projections.
• Design and develop solutions that answer specific business questions and capitalises on opportunities identified.
• Manage the implementation of relevant statutory reporting requirements within the area of expertise or specific business context.
• Remuneration and Financial Modelling

• Perform financial modelling to identify trends and patterns that highlight anomalies, identify relationships and tracking exceptions.
• Collaborate with cross-functional teams to gather relevant data and assumptions for modelling purposes.
• Assess the impact of remuneration changes on individuals and guidelines.
• Monitor modelled remuneration outcomes against actual experience.
• Scenario testing of based on the adoption of remuneration.
• Identify, understand, and interpret data structures across various databases within the business to facilitate data analysis and continuous monitoring activities.
• Convert business requirements for remuneration principles into a dynamic predictive model outcome.
• Establish a platform to enable the projection of key financial metrics and financial analysis.
• Data Storage, warehousing, and Analytics

• Develop proposals to incorporate data science and machine learning into the current environment.
• Collaborate with BI function to establish fit-for-purpose in-house data warehousing capabilities.
• Find opportunities to link finance and BI workflow and teams.
• Source data and complete data extracts across a variety of systems in order to gather data in the applicable format.
• Perform ETL (extract, transform and load) processes to assist with data mining exercises
• Contribute to data integrity and cleansing activities in order to increase the quality of data.

CompetenciesGeneral Competencies:

• Business Acumen: Understands how the business operates, what the key issues and risks are that drives business success; and how they impact on the commercial viability of potential ventures and the profitability of the Group.
• Client Commitment: Anticipates, meets and exceeds clientxe2x80x99s needs by creating long lasting relationships that support the client value proposition, supports their financial wellness and ensures client centricity.
• Drive for results: Drive a sense of urgency, focus, accountability, agility and execution to deliver business results.
• Examining information: Analyses and processes information; asks probing questions; strives to find solutions to problems.

• Interpreting data: Interprets data rationally by quantifying issues; applies technology as a means to evaluating data; evaluates information objectively.
• Impact and Influence: Persuades, convinces, influences, and inspires others, both within MMI and externally to win support, loyalty, and gain commitment to the purpose of MMI.
• Upholding standards Behaves ethically and justly; is discreet and maintains confidentiality; meets commitments by acting with integrity.
• Showing composure: Stays calm and relaxed during events; is not worried and tolerates stress levels; is composed in dealing with pressure.

PolicyWe are committed to Employment Equity, diversity and inclusion when recruiting internally and externally. All appointments are made in alignment to our Employment Equity goals and we encourage people with disabilities to apply.

Momentum Metropolitan