company profile - pdf4pro
TRANSCRIPT
CONTENTS
1 WHO WE ARE ................................................................................................ 1
2 OUR SERVICES .............................................................................................. 1
2.1 Audits ..................................................................................................... 1
2.2 Actuarial Services .................................................................................... 4
2.3 Data Analytics ......................................................................................... 5
2.4 Accounting & Tax .................................................................................... 6
3 MANAGEMENT TEAM ..................................................................................... 8
4 BUSINESS LOCATION................................................................................... 10
5 CONTACT DETAILS ...................................................................................... 10
6 ADMINISTRATION ....................................................................................... 10
1
1 WHO WE ARE
The Shard (Pty) Ltd is an Assurance and Actuarial Consulting firm based in
Johannesburg. The Shard uses its expertise to deliver meaningful and lasting
results to the organisations we serve.
Vision
Our vision is to be a consulting business known for enduring work in internal
audit, actuarial, accounting and tax.
We believe this can be achieved through understanding our client’s business and
their needs, coupled with effective communication and management to enable
us to provide sound business advice tailored to meet the unique needs of their
business.
Values
▪ Integrity
▪ Discretion
▪ Professionalism
▪ Craftsmanship
▪ Above & Beyond
2 OUR SERVICES
2.1 Audits
Assessment of the adequacy and effectives of the following process:
Insurance
▪ Policyholders Liabilities Data Process
▪ Policyholders and Shareholders Asset Data Process
▪ Assumption Setting Process
2
▪ Insurance Models
▪ Valuation Process
▪ Capital Requirement Process
▪ Implicit and explicit fees on unit linked funds
▪ Bonus Declaration Process: Discretionary Participation Products
▪ Reinsurance Process
▪ Underwriting Process
▪ Unit pricing process
▪ Analysis of Surplus Process
▪ Solvency Assessment & Management Process
▪ Own Risk & Solvency Assessment Process
▪ IFRS 17 Implementation
Financial Markets and Technical
▪ Instrument Trade process (Buying and selling of assets)
▪ Risk monitoring and Measurement Analysis
o Market risk (Process to identify, manage and report on the
change in the market value, future cash flows or financial
instruments backing obligations, Liability profiles, asset
profiles)
o Credit risk (from originations of debt, including -
assessments and approval, Pricing, Collateral management,
Collections & recoveries, Provisioning and bucketing of
instruments)
o Liquidity risk (Process to identify, manage and report an
organisation’s ability to meet short-term financial
obligations)
▪ Acquisition process in corporate finance
▪ Balance sheet management
Finance
▪ Finance Review
3
▪ Accounting Policies & Procedures
▪ Reconciliations
▪ Subsidiary Ledger Reconciliations
▪ General Ledger Reconciliations
▪ Balance Sheet Reconciliations
▪ Bank Reconciliations
▪ Custody Reconciliations
▪ Intercompany Reconciliations
▪ Suspense Account Reconciliations
▪ Analysis of the budgeting and forecasting process
▪ IFRS 9 (Modelling of credit impairment and Provisioning)
▪ Share based payment process
Asset Management
▪ Investment Mandate Compliance
▪ Front Office (Instrument Trade Process)
▪ Backoffice (Accounting, settlements, Confirmation and Cash and
Units Reconciliations)
▪ Customer communication - Literature review (Fund fact sheets,
Policy documents, website etc.)
▪ Management Information
▪ Implicit and Explicit Fees application
▪ Migration of investment back office to external providers
▪ Investment management
▪ Product lifecycle
▪ Investment performance
Treasury
▪ Reserve and Investment Management
▪ Liquidity and Funds management
▪ Intraday Liquidity
• Liquid assets
4
• Negotiable Certificate of Deposit
• Daily Settlement
▪ Asset Liability Management
▪ Transfer Pricing
▪ Derivatives Trading
▪ Capital Management
▪ Integrated Performance and Risk Management
▪ Measurement and Monitoring of all risk (Liquidity, Interest
Rate and Capital)
▪ Stress Testing Process
2.2 Actuarial Services
Pension Actuarial
2.2.1 Retirement benefits services
▪ Annual interim actuarial valuations
▪ Section 14 transfer calculation and certification
▪ Actuarial certification (HB Schedule)
▪ Attendance by the Valuator to meetings
▪ Liquidator services
▪ Benefit design and structuring
▪ Ad-hoc actuarial analysis and actuarial calculations
▪ Surplus apportionment advice and calculations
2.2.2 Asset Consulting services
▪ Investment Strategy design through detailed liability analysis
▪ Development of a comprehensive Investment Policy Statement
▪ Implementation management
▪ Recommendation of appropriate investment managers
▪ Ongoing management, monitoring and reporting
▪ Replacement Ratio analysis
▪ Fee checks
5
2.2.3 Ad-Hoc Services
▪ Company accounting disclosures for retirement funds
▪ Company accounting disclosures for post-retirement benefits
▪ Post-retirement medical aid valuations
▪ Compensation and loss of earnings calculations
▪ Facilitating annuity buyouts/buyins
▪ Cashflow matching solutions
▪ DB to DC conversions
▪ Acting as an expert witness
2.2.4 Life and Short-Term Insurance – Perform, Review or
independent valuation of reserves required under IFRS and local
regulatory requirements
▪ Valuations data
▪ Assumption setting
▪ Valuation of reserve
▪ Embedded value
▪ Project and Audit support
▪ Bonus declaration
▪ AOS process review
▪ Actuarial risk-management
2.3 Data Analytics
Customer centricity
▪ Customer segmentation
▪ Prospect identification
▪ Campaign analysis
▪ Retention/lapse analysis
▪ Cross/up sell analysis
▪ Analyse behavioural data and patterns
6
Risk analysis
▪ Data migrations
▪ Data validations and Integrity
▪ Data consistency between systems
▪ Identify, adopt and share analytical best practices
▪ Modelling of risks
Financial analysis
▪ Broker rewards models based on sales
▪ Embedded value analysis
▪ Asset liability matching analysis
2.4 Accounting & Tax
Accounting Services
▪ Accounting Officer services
▪ Bookkeeping services
▪ Financial statements preparation
▪ Maintenance of fixed asset register
▪ Preparation of management accounts
▪ Assistance with budget preparation and analysis
▪ Preparation of audit files
▪ Stock counts
Business Advisory
▪ Design and implementation of internal controls
▪ Risk reviews, evaluation and management
▪ Compliance reviews (MFMA, PFMA)
▪ Cost management and revenue enhancement
7
▪ Due Diligence
▪ Project accounting and review.
▪ Billing management
▪ Review of contracts
▪ Business consultancy
Company Secretarial
▪ Annual company returns
▪ Company registrations
▪ BEE Certificates and BEE ratings
▪ Maintenance of the company secretarial requirements for
companies
▪ Administering of the company’s minute books and share
registers
▪ Administering appointments and resignation of directors, special
resolutions and voluntary liquidations of companies.
Taxation
▪ Income tax return submissions
▪ VAT return submissions
▪ Dividends tax
▪ Individual tax returns
▪ Provisional tax
▪ Lodging appeals with SARS
▪ Tax clearance certificates
▪ Facilitating representation in tax court cases
▪ Tax planning
Other Services
8
▪ Audit and review engagements
▪ Forensic Audit
▪ Information technology services
▪ Payroll services
▪ Financial Planning servicesP
▪ Employee benefits and pensions audit
3 MANAGEMENT TEAM
Smangaliso Mkhabela FASSA - Chief Executive
o B.Sc. (Hons) Actuarial Science - University of Pretoria
Smangaliso has a wide range of experience in employee benefits, Insurance,
Internal Audit and building models for data analytics and performance
management.
▪ Insurance experience - Ten years
▪ Data analytics – Two years
▪ Insurance internal audit experience – Three years
9
Makhosazana Khosi Bambisa CA (SA), MBA – Chief Operating Officer
and Finance Director
o BAcc. - University of Witwatersrand
o MBA – University of Cape Town (GSB)
Khosi Bambisa is a certified Chartered Accountant and a Registered Auditor.
▪ Financial services including insurance – Four years
▪ External Audit – Three years
Mr. Rofhiwa Rasivhetshele, CA(SA) – Managing Director
o BCom (Hons) Accounting Science - University of South Africa
▪ Financial sector experience - Ten years
▪ Banking Internal audit experience - Two years
10
4 BUSINESS LOCATION
Physical and Postal Address:
4th Floor, The Firs
Cradock Avenue
Rosebank
Johannesburg
2196
5 CONTACT DETAILS
Smangaliso Mkhabela
Cell: +27(0)83 823 8137
Tell: +27(0)11 759 4042
Email: [email protected]
Website: www.theshard.co.za
Makhosazana Bambisa
Cell: +27(0)73 204 8926
Tell: +27(0)11 759 4042
Email: [email protected]
Website: www.theshard.co.za
6 ADMINISTRATION
BEE Status : Level One (1) Contributor 135% B-BBEE
procurement recognition
Company Registration number : 2013/161809/07
Tax reference number : 9268894186
VAT number : 4610277321