Job Description
This role together with the Business Head combines strategic thinking, economic analysis, and business acumen to help the FMR business make informed decisions, optimize their operations, and achieve long-term success. The incumbent is individually accountable for achieving results through other managers and their teams over periods of 1-2 years.
Main Activities of the Role:
- Designs and implements strategies focusing on internal/external processes and ensures business unit alignment and implementation.
- Owns key strategic projects initiated by Business Head (SASSA, NOMADIC, Premium Collections, Informal Sector, etc.)
- Facilitates the development of strategy in the FM segment.
- Works with FMR business leaders to facilitate real understanding of the direction chosen.
- Facilitates acceptance of commitment to strategic goals and business plans.
- Ensures continuous communication of the strategic direction to the business.
- Drives the strategy process into the business by working with the FMR business leaders to facilitate understanding of the direction chosen.
- Supports with the development of FMR business plan and actions.
- Analyses results vs. Business Plan and implements corrective actions.
- The link between FMR and MFC Risk and Compliance.
- Develops Convention, Bonus and Competition criteria and measures to monitor results
- Economic Analysis: Assessing the economic impact of various business decisions and evaluating the financial feasibility of new projects or initiatives. This may include conducting cost-benefit analyses, evaluating investment opportunities, and assessing the potential risks and rewards.
- Business Intelligence: Gathering and analyzing data from internal and external sources to generate insights and inform strategic decision-making. This involves using tools and techniques to extract valuable information and provide actionable recommendations.
- Competitive Analysis: Evaluating the competitive landscape and assessing the strengths, weaknesses, opportunities, and threats (SWOT analysis) of the organization. This helps in identifying areas where the company can gain a competitive advantage and mitigate potential risks.
- Performance Monitoring: Tracking and evaluating key performance indicators (KPIs) to measure the effectiveness of implemented strategies and initiatives. This involves analyzing data, preparing reports, and providing recommendations for improvement.
- A bachelor's degree in a relevant field such as actuarial science, economics, finance, or a related discipline is required.
- Previous experience in strategy development, economic analysis, management consulting, or a related field is highly desirable.
- Proficiency in data analysis, financial modeling, market research, and the ability to draw insights from complex information. Proficiency in statistical analysis and relevant software tools is often required.
- A solid foundation in economics is important for conducting economic analysis, forecasting trends, and evaluating the financial implications of strategic decisions. Knowledge of microeconomics, macroeconomics, econometrics, and economic modeling is beneficial.
- Strong business acumen and a comprehensive understanding of organizational dynamics, industry trends, and competitive landscapes are crucial.
- 5 years experience in Financial Services/Strategic environment (preferred)
07 July 2023
