Group Capital Specialist

Old Mutual; Wes-Kaap; On-site; ZAR 300 000 - 400 000; Full time

Job summary

A leading financial services provider in South Africa is seeking a skilled individual for a strategic role in Capital and Liquidity Management. This position involves overseeing capital frameworks, conducting financial analyses, and engaging with senior stakeholders to optimise capital management and reporting. Candidates should have a strong background in finance with at least 6 years of experience and relevant postgraduate qualifications. The company offers a dynamic environment where strategic insight meets technical expertise.

Qualifications

• Relevant postgraduate qualification in Finance, Accounting, Banking, or Actuarial Science.
• Minimum 6 years’ experience in balance sheet management or treasury within financial services.
• Strong technical knowledge of solvency, capital, and liquidity frameworks.

Responsibilities

• Support design and execution of Group capital and liquidity management frameworks.
• Analyse capital and liquidity trends, highlighting risks and optimisation opportunities.
• Oversee dividend execution and manage cash positions.

Skills

Accounting

Action Planning

Budget Management

Computer Literacy

Database Reporting

Data Modeling

Management Reporting

Oral Communications

Education

Honours Degree

Masters Degree

Job description

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

The Capital and Liquidity Management Team, within Treasury and Financial Markets, plays a strategic role in managing the Group’s capital and liquidity position to support shareholder value creation and financial resilience. This high‑performing, analytically‑focused team partners with senior stakeholders across Finance, Risk, and Actuarial to optimise capital management and deployment, capital and liquidity planning, and funding strategies across Old Mutual Limited.

The role offers exposure to all aspects of corporate treasury and capital management, including surplus capital forecasting and deployment, liquidity and solvency modelling, managing financial leverage, credit rating agency management, regulatory capital reporting and balance sheet optimisation projects across the group and OM Bank. It is well suited to an individual who thrives in a dynamic environment, combining strategic insight with technical depth.

The position reports to the Senior Group Treasury Manager.

Key Result Areas

Capital and Liquidity Management

• Support the design, maintenance, and execution of Group capital and liquidity management frameworks across Group entities and holding companies.

• Contribute to capital forecasting, dividend capacity analysis, and capital deployment assessments.

• Assist with capital and liquidity planning, stress testing, and scenario analysis in line with internal risk appetite and regulatory constraints.

• Analyse capital, solvency, and liquidity trends, highlighting emerging risks and optimisation opportunities.

• Support the preparation of inputs into Group Capital and Funding Plans.

Treasury Operations and Funding

• Manage intragroup funding requirements and ensure efficient liquidity allocation across entities.

• Support the Group’s Debt Capital Markets programme, including issuance, refinancing, and investor engagement.

• Oversee dividend execution and explore optimisation opportunities across insurance subsidiaries and the Group.

• Manage cash and treasury share positions, including share purchases for employee schemes and monitoring of the share buyback programme.

• Maintain appropriate governance and controls across treasury operations and cash flow management.

Strategic Projects, Balance Sheet Optimisation & Governance

• Participate in and support balance sheet optimisation initiatives across Group businesses, including capital structure reviews, funding efficiency projects, and evaluation of corporate actions (e.g. dividends, capital injections, restructuring) from a capital and liquidity perspective.

• Provide analytical input into investment business cases and strategic initiatives with balance sheet implications, identifying and assessing opportunities to enhance capital efficiency and liquidity resilience.

• Partner with key stakeholders across Group Finance, Risk, and Actuarial to support capital strategy and policy execution.

• Coordinate and support the external credit rating process, ensuring accurate, timely, and effective communication of the Group’s financial position.

• Engage with auditors, regulators, and other external stakeholders on capital, liquidity, and debt‑related matters.

• Participate in and support governance forums, including preparation of analysis and reporting to relevant management and Board committees.

Financial Modelling and Insight

• Develop and maintain financial, solvency and liquidity models to forecast solvency, funding, and dividend capacity.

• Perform scenario and sensitivity analyses to assess capital adequacy and liquidity under various market conditions.

• Present actionable insights to senior management to inform capital and funding decisions.

Governance, Reporting, and Continuous Improvement

• Prepare and present high‑quality Treasury and Capital reports for the Board, Exco, and subcommittees.

• Ensure adherence to governance frameworks, internal policies, and external regulations.

• Identify opportunities to automate and streamline Treasury reporting and liquidity processes.

• Contribute to ongoing initiatives focused on capital and liquidity optimisation across the Group.

Qualifications and Experience Required

• Relevant postgraduate qualification in Finance, Accounting, Banking, or Actuarial Science.

• Additional professional qualification (e.g., CA(SA), FASSA, CFA) is advantageous.

• Minimum 6 years’ experience in balance sheet management, treasury, or capital management within insurance or financial services.

• Strong technical knowledge of solvency, capital, and liquidity frameworks.

• Proficient with financial services regulations, with thorough knowledge of Prudential Standards for Insurers and Insurance Groups and Basel being advantageous.

• Proven experience in surplus capital reporting, liquidity management, funding operations, and debt programme execution.

• Experience with credit rating agency management and capital market transactions.

• Advanced analytical and financial modelling capability, with sound business judgment.

• Strong interpersonal and communication skills, able to engage effectively with senior stakeholders.

• Pragmatic, commercially astute, and solutions‑focused with attention to detail.

Competencies

• Strategic Thinking – Aligns capital and liquidity decisions with shareholder and business priorities.

• Financial Acumen – Deep understanding of treasury, funding, and capital management frameworks.

• Execution Excellence – Delivers quality outputs and meets commitments under pressure.

• Collaboration – Builds strong relationships across Group Finance, Risk, and Actuarial teams.

• Innovation – Seeks efficiency through automation and improved reporting processes.

• Influence and Impact – Communicates analytical insights clearly and persuasively.

• Customer Focus – Balances business needs with sustainable, risk‑conscious outcomes.

• Personal Mastery – Demonstrates accountability, resilience, and continuous learning.

Skills

• Accounting
• Action Planning
• Budget Management
• Computer Literacy
• Database Reporting
• Data Classification
• Data Compilation
• Data Controls
• Data Modeling
• Evaluating Information
• Legal Practices
• Management Reporting
• Numerical Aptitude
• Oral Communications
• Report Review

Education

Honours Degree (Hons) (Required), Masters Degree (M) (Required)

Closing Date 16 January 2026 , 23:59

The 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!