Manager: Valuations (Talent Pooling)

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Date: 16 Apr 2024

Location: GT, ZA

Company: Liberty Group Limited

Stanlib's success is driven by the success of its people.  We aim to keep our staff engaged in the right role at the right time. Talent mobility is key to our competitive edge.  

Purpose

To manage the administration and coordination of the Valuation Team to ensure data integrity across STANLIB systems & reporting for use by regulators, trustees, front office, and other key stakeholders; thereby ensuring the fair treatment.

Minimum Experience

3 - 5 years experience in a similar environment, of which 1 - 2 years at junior management level

Minimum Qualifications

Bachelor`s Degrees and Advanced Diplomas [NQF Level 07] in Finance Economics and Accounting

Additional Minimum Qualifications

Outputs

Process

  • Accountable for maintaining quality, service and outputs related to a work area, ensuring compliance with set policy, procedures and standards.
  • Proactively identify operational problems, determine cause and effect, select and implement the best solution to solve problems based on previous experience and understanding of the context.
  • Plan for and organise multiple work activities for team execution by assigning priorities against the set framework in light of the specific situational context.
  • Operational risk management - ensure effective incident management process as well as proactive identification and mitigation of risks for the team.
  • Productivity and efficiency - ensure effective monitoring, reporting, and ongoing improvements in the utilization of production resources.
  • Review the operating platform to ensure that it is operating according to the ASISA standards and guidelines.
  • Ensure that adequate risk control measures are in place for Valuations and updated on the Risk Register.
  • Ensure approved valuation methods are applied consistently across STANLIB
  • Maintaining all data integrity procedures and process documentation in a timely manner.
  • Overseeing valuations from Third Party Fund Administrators.
  • Review weekly, monthly, and quarterly valuations that are derived from valuation models set out in accordance with valuation policies.
  • Design and implement controls to ensure daily valuations for 15H00 and 24H00 are accurate
  • Continuously review and streamline the department’s processes to create a more efficient service to clients.
  • Continuously redesign and maintain a process to ensure that the team addresses ad hoc queries from clients in a professional, efficient, and timely manner.
  • Report to the Valuation Committee on any changes or issues that may arise with respect to the valuation of assets held in STANLIB portfolios.
  • Consult affected teams and develop new valuation methodologies and processes to address identified valuation risks,
  • Ensure Quarterly Valuation Committee meetings occur, and the Valuation Policy is reviewed annually.
  • Ensure the valuation policy is implemented throughout STANLIB and report any findings or exceptions to the Valuation Committee
  • Upskill and cross skill Data and Valuation staff members on approved new valuation methodologies
  • Maintain transparent communication with clients and ensure that their needs are met whilst following the guidelines and procedures set out by the Senior Manager of Data and Valuation.
  • Report to the Senior Manager of Data and Valuation on a weekly and monthly basis.
  • Co-deliver on Regulation 28 requirements as per processes together with the Acting Manager in Data.
  • Have a working relationship with the Manager in Data to ensure staff cross and multi-skilling on all tasks of Data and Valuation.
  • Ensure monthly and other reporting requirements for Institutional Operations are met

Customer

  • Manages to ensure service excellence in support of Treating the Customer Fairly (TCF) principles to build positive relationships and creates opportunities for exceptional service delivery.

Finance

  • Compile a budget aligned to the operational or area specific delivery of plans; monitor and report on variances and make sure that planned objectives are reported, escalating any deviations.

Learning and Growth

  • Schedule, allocate and effectively manage human resources within own area of responsibility in line with specified and specific constraints or parameters.
  • Manage the Valuation team as well as interact with other teams that impact daily portfolio valuations.
  • Skills development and training - ensure adequate resourcing and ongoing improvement in terms of skills;

Governance

  • Implement and utilise risk, governance and compliance policies and processes effectively, to identify and manage risk exposure.

Competencies

Liberty Values

    Technical Competencies

    • Financial Management (Intermediate)
    • Financial Administration (Intermediate)
    • Reconciling Financial Records (Intermediate)
    • Product and/or Service Knowledge (Intermediate)
    • Product Related System Application (Intermediate)
    • Operations Risk Management (Intermediate)
    • Operations Management (Intermediate)
    • Business Administration Skills (Intermediate)
    • Administration (Intermediate)

    Behavioural Competencies

    • People Management and Empowerment (Intermediate)
    • Relationship Management and Networking (Intermediate)
    • Judgment and decision making (Intermediate)

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