Are you a Matriculant and looking for a learnership in 2017? Read on to learn more about this option at Old Mutual Group!
What is the Old Mutual Group?
The Old Mutual Group PLC is an international investment, savings, insurance and banking group founded in South Africa. The group serves over 16 million customers and over £300 billion worth of assets. It is the largest and most trusted financial service advisor in South Africa.
Old mutual was founded in 1845 in Cape Town and was South Africa’s first mutual life insurance company. After 170 years, the group continues to build on the heritage of trust and accountability by meeting and succeeding customer expectations.
The company has a strategy, to create enterprise through growing in markets of the greatest opportunity and where the competitive positioning of the company is strongest.
They play a vital part in the driving factor of the South African economy and aim to provide the very best in customer service by taking into account everything the customer needs and deliver this through its products and services.
Old Mutual also takes pride in their investments in local initiatives. They partner with community groups and organisations to push forward social development in South Africa. The experience and wisdom gained is shared throughout the company.
Employing over 60 thousand people spread all over the world, the Old Mutual Group provides world class advice on savings advice, life assurance, asset management, banking, property and casualty insurance.
Starting a career in 2017 with the Old Mutual Group will be a great leap forward onto a fulfilling career within the finance industry. The career path will open many doors for you throughout your working life.
Applicants who work the hardest and use their time to continue learning and developing will quickly be noticed by the company and more opportunities will be offered to them.
Who are Ideal Candidates for this learnership in 2017?
Old Mutual Group has recently been voted the number 1 employer to work for in all of South Africa. Because of this, a lot of your people will be aspiring to start and grow a career with the company.
They seek the very best in talent and develop the hardest working applicants into professionals very quickly.
Old Mutual employees are involved in some of South Africa’s most hardworking volunteer groups, with 30% of all staff involved in some kind of volunteerism.
The ideal candidate will aspire to these ideologies and those with previous volunteer experience will be chosen above others.
The company drives itself with its values and its people. In order to deliver the strategy, the company adheres to its core values and continues to invest in the staff by promoting:
• Pushing beyond boundaries
The staff at Old Mutual must follow the directives of ACT NOW:
• Aim high
• Customer first
• Treat the business like it’s our own
• Need to listen carefully and talk honestly
• Own our decisions
• Win together
Candidates will be assigned stretch targets and progress will be monitored as you work your way throughout the course.
They look for people who are constantly investing into the development of their careers, and always looking for opportunities to work in more efficient ways.
Candidates who are good with computers and have a high level of computer literacy will be preferred in this course.
Because of the use of computing in the finance industry, using computers will be a day to day occurrence, candidates will be expected to use computers to help them work more efficiently and produce great results.
Ideal candidates are individuals who are interested in starting a career in the finance industry, this learnership programme will give candidates valuable experience in the field. Candidates should also have talents in the following areas:
• Time management
• Problem Solving
• Computer Literate
• Interpersonal Skills
• High Attention to Detail
• A High level of Numerical reasoning skills will be beneficial
What is the position?
The Amathuba (“opportunities”) Learnership Program is a 12 month program designed for matriculants who are new to the job market.
With both workplace and classroom components, Learners that complete the program will be awarded a Wealth Management Level 4 qualification.
It is also a great opportunity to begin a wondrous and prosperous career within one of the best performing financial institutions in the world. Old Mutual Group invests over R200 million every year towards development of its staff.
The company is huge in scale and offers a multitude of career paths and ways to realise your talents and ambitions.
Are there any requirements for Matriculants?
Yes, the requirements for the Amathuba learnership programmes are as followed:
- The ideal candidate will have experience in a similar field or a great interest in the finance industry
- Those applying must:
- be currently unemployed.
- have passed Grade 12 or NQF level 4: Pure Maths (50% or over) or Maths Literacy (70% or over) and English (50% or over).
- not have more than a Grade 12 or NQF level 4 qualification.
- have passed an official second language (50% or over).
- be a South African citizen between the ages of 18-25.
Note that preference will be given to Black Candidates, Black Women and Black People with disabilities.
Learnerships are only available in Cape Town.
How Do I Apply for the Position?
To apply for this learnership you must go to the official website here.
At the bottom of the webpage you will be able to enrol in the application process. Simply fill in the required information and upload your curriculum vitae.
Your CV must contain the following information:
• Race – Gender – Nationality – Age
• Your matric subjects and results
• Residential address and contact information
• Please list any disabilities
• Remember to include any of your current schooling qualifications or uncompleted qualifications
If your candidacy is accepted, you will be invited to undergo various written assessments to make sure you are the right fit for the position. Candidates must have a good credit score, with no previous history of being in debt or missing any debt payments.
After the initial assessment stage successful candidates will be asked to attend a board meeting with Old Mutual Group in order to determine your competency skills in a one to one interview.
Offers for the position will be extended to successful applicants by post or telephone call.
In order to increase your chance of success it is highly recommended to practice some interview skills and research good interview etiquette. Candidates who give the very best first impression will be the ones picked to go further through the application process.
After all the Old Mutual Group is a serious organisation which has been operating for over 150 years, the financial industry as a whole, is the backbone to any economy on the planet and should be treated with the utmost respect.
Will I be paid?
There is no stipend or payment for this programme, if you are from a poor background, it is recommended that you apply for learnership bursaries in order to fund your learning.
However once your learnership is complete you will have access to a very wide range of career within the Old Mutual Group, some example wages are listed here:
• Business analyst: R220,000
• Branch Sales Manager: R191,000
• Sales /consultant: R170,000
• Personal Assistant
Are bursaries available?
Yes, the Old Mutual Group offer bursaries for students who need access to funds in order to pay for their living and accommodations during the learnership programme.
Candidates who show the most respect towards their education and who genuinely wish to create and grow a career in the finance industry will be given more consideration for the bursary.
The bursary will cover:
• All tuition costs of tuition at University of Cape Town (UCT).
• Housing fees and one annual return flight home for out-of-town students.
• Work done over vacation.
• The better the quality of your degree the more incentives you will be offered.
• Allowance for books and general use.
Who qualifies for the Bursary?
You will need a Level 6 matric (at least 70%) for all subjects including English and Mathematics (not Maths Literacy).
There is also a required commitment to the CA Training Programme as well as a commitment to work for Old Mutual for a specified period of time after completion of the programme. Please apply in good time for admission to the university.
Black learners (i.e., groups designated as Black as defined in the Employment Equity Act) will be given preference.
How do I apply?
Simply head to the official website here
Scroll to the bottom of that webpage and begin filling in the required information.
Make sure you enter all the information correctly. Your id number must be entered correctly, ensuring no mistakes are made.
Simply click submit to send your application and you will be approached via mail, Email or Telephone with your results.