Financial Modelling Analyst

About the Role

Liberty, a prominent financial services group, is seeking a skilled Financial Modelling Analyst to join their team in Johannesburg. This is a critical position focused on enhancing the effectiveness of sales remuneration and incentive structures within the long-term insurance division. The core purpose of this role is to leverage sophisticated analytical and financial modelling techniques to provide actionable insights that directly influence sales performance, boost profitability, align with strategic goals, and ultimately improve customer outcomes. You will be instrumental in shaping how sales teams are incentivised, ensuring that the reward systems are both motivating and financially sound.

As a Financial Modelling Analyst, your responsibilities will encompass the entire lifecycle of sales incentive models. You will be tasked with designing new models, optimising existing ones, and establishing robust governance frameworks to ensure their integrity and effectiveness. This involves:

• Developing and maintaining intricate financial models that accurately reflect sales performance, commission structures, and profitability drivers.
• Conducting in-depth analysis to identify trends, opportunities, and potential risks within the sales remuneration landscape.
• Providing clear, data-driven insights and recommendations to senior management and relevant stakeholders to inform strategic decision-making.
• Collaborating with various teams, including sales, finance, and actuarial, to gather requirements and ensure models meet business needs.
• Monitoring the performance of implemented incentive programmes and making adjustments as necessary to maintain alignment with business objectives.
• Ensuring compliance with regulatory requirements and internal policies related to financial modelling and sales compensation.
• Contributing to the overall strategic direction of the long-term insurance sales division through insightful financial analysis.

What They're Looking For

The ideal candidate will possess a strong foundation in financial analysis and modelling, coupled with a keen understanding of how incentives drive behaviour. To be successful in this role, you should have:

• A relevant tertiary qualification, such as a First Degree, in fields like Finance, Accounting, Quantitative Studies, or Actuarial Science.
• Between 3 to 4 years of demonstrable experience in financial modelling.
• Proven experience in business analytics, including the development and maintenance of complex financial models.
• A solid understanding of statistical and mathematical analysis techniques.
• Proficiency in data analytics tools and methodologies.
• While not essential, experience within the long-term insurance sector would be a significant advantage, providing valuable context for the sales environment.
• Excellent behavioural competencies, including the ability to adopt practical approaches, articulate information clearly, challenge ideas constructively, check details meticulously, embrace change, establish rapport, examine information thoroughly, explore possibilities, impress stakeholders, interact effectively with others, interpret data accurately, manage tasks efficiently, provide insightful recommendations, and work collaboratively within a team.

This role offers an excellent opportunity to make a tangible impact within a leading financial services organisation. Within the South African context, roles involving financial modelling and sales incentive analysis are typically found in large financial institutions, insurance companies, and large corporate businesses. Salaries for such positions can vary widely based on experience and the complexity of the role, but generally reflect the specialised analytical skills required. Career progression often leads to senior analyst, manager, or specialised consulting roles within finance or strategy departments.

Type of Qualification: First Degree
Field of Study: Finance and Accounting, Quantitative Studies, Actuarial Science

Experience Required
3-4 years
Experience in financial modelling, business analytics and developing and maintaining complex financial models. Long-term Insurance experience will be advantageous.

Behavioural Competencies:

• Adopting Practical Approaches
• Articulating Information
• Challenging Ideas
• Checking Things
• Embracing Change
• Establishing Rapport
• Examining Information
• Exploring Possibilities
• Impressing People
• Interacting with People
• Interpreting Data
• Managing Tasks
• Providing Insights
• Team Working
• Understanding People

Technical Competencies:

• Data Analytics
• Statistical & Mathematical Analysis