Senior Financial Executive – Value Management needed at Old Mutual

Job Description

• This role is responsible for shaping and executing the financial and value management strategy for OMiX, in alignment with the broader Old Mutual Group strategy. The role focuses on driving long-term financial direction while delivering results through the OMiX value chain within 1-2 years. 
• Key responsibilities include developing strategic initiatives that maximize value from our Integrated Financial Services (IFS) model, leveraging digital and data assets, optimizing product and customer profitability, and implementing the OMiX commercial model. This includes managing cost, profit, and loss across all portfolios.

Key Result Areas

In this role you will be responsible for:

• Strategic Vision
• Set the commercial vision and direction for OMiX aligned to the OM Group strategy objectives.
• Design and implement the OMiX Value Management Framework.
• Lead efforts to simplify Old Mutual’s commercial structures, processes, and offerings to deliver incremental value creation from the IFS model.
• Providing recommendations on corrective action and prioritisation of strategic initiatives to ensure OM Group strategic outcomes are met within agreed timeframes and costs.
• Analyse the latest industry trends and develop an effective business strategy on the ground of commercial opportunities.
• Lead the design and execution of the OMiX Commercial model, ensuring its integration across all business portfolios.
• Establish and monitor Financial models that account for allowances, costs, and profitability across portfolios.
• Financial Management 
• Management of Financial reporting on all Strategic and Key initiatives on a regular basis, contrasting agreed business objectives, funding, agreed timeframes and benefit realization.
• Cost and efficiency optimization
• Prioritising and implementing cost reduction initiatives and efficiency measures to improve profitability
• Streamlining processes, reducing waste, and removing duplication across portfolios
• Customer Profitability & Product Leadership
•  Own and drive customer profitability analysis and optimization across the business.
•  Collaborate with product teams to ensure product offerings align with customer 
•  needs while delivering profitable growth.
•  Lead efforts to align product innovation with market demands, ensuring competitive positioning and relevance in the financial services sector
• Business Growth
• Establish and chair a Commercial Executive Committee composed of customer outcome owners and key business unit leaders, focused on driving profitability, customer satisfaction, and sustainable growth
• Customer Protection
• Ensuring commercial operations/strategic progammes are in compliance with the relevant laws and regulations.

Requirements: Skills, Qualifications and Experience required

• We are looking for a finance leader with strong value management expertise and a track record of delivering strategic initiatives. The ideal candidate excels at aligning financial goals with business objectives, leveraging data to drive profitability, and implementing complex commercial models.
• Bachelors or Masters degree in Business Administration, Finance, or any similar field,
• Proven leadership experience in a Senior Commercial role within the Financial services or Insurance sector.
• Strong track record of implementing value creation strategies through simplification, digital transformation, and commercial optimization.
• Expertise in Financial modelling, Customer profitability, and P&L management across multiple portfolios.
• Knowledge and experience of Business Agility and principles.
• A good knowledge of the financial and budgeting processes and strategic performance charting,
• Excellent leadership and communication skills, with the ability to engage and influence

Additional qualifications / experience required

• Detailed knowledge of the organisation, systems, and procedures of Old Mutual is advantageous.
• Strong belief in a non-hierarchical culture of interaction, transparency, and trust in agile teams.
• Stakeholder Management, Negotiation & Communication Skills.
• Clarity on delivering clear, prioritised features with acceptance criteria.

Skills

• Business, Business Growth, Business Strategies, Profitable Growth

Education

• Bachelor Commerce: Finance, Masters Degree (M): Business Administration