This role will report to the Financial Manager of the Unit Trust Management Company team. It requires an individual with a passion for financial management, driving reporting timelines of financial results and execution on the business plan, while managing governance and compliance at an operational level. This position is individually accountable for achieving results through others, over periods of three months to one year.  

Key responsibilities will include amongst others the following:

• Supporting the Financial Manager on the interpretation of complex financial data and predictive results, providing commentary on financial results and implications and advises on corrective action to be taken.
• Develops, reports on, and interprets cost drivers, KPIs and benchmarks.
• Generating internal management reports.
• Analyses and reports on variances.
• Interacting with business unit line managers on financial outcomes, expense trends, etc.
• Audit management, tax management as well as governance and compliance.
• Responsibility for audit liaisons as per tax, legislative and statutory requirements.
• Ensuring tax workings and returns are in line with Group Tax and statutory requirements.
• Supporting the execution of a business plan.
• Accountability for governance and compliance at an operational level.
• Maintaining suitable financial control environment.
• Providing insights into accounting policies and technical opinions, where relevant.
• Provides training and support to junior staff members, to ensure accurate and timely reporting and effective operational delivery.
• Continuous evaluation of finance processes and driving process optimisation within the relevant teams.
• Providing input into adhoc projects, directly within or outside of the broader Finance team.
• Collaboration with business teams to interpret and understand business processes, to understand the financial implications on business decisions.

Qualifications, Skills and Experience required:

• Chartered Accountant or similar qualification (with 4-5 years post article experience), preferably from a large audit firm. 
• Financial Services, with specific background to asset management experience is preferred.
• HFM/OneStream experience is desirable.
• IT skills with an aptitude and eagerness to learn various IT applications and platforms.
• Strong work ethic, self-motivated and demonstrable high standards of achievement.
• Strong interpersonal skills and ability to work in diverse teams as well as independently.
• Ability to work in a fast-paced environment, with multiple priorities and deliveries with tight deadlines.
• Ability to work with complex financial data sets and provide insights and recommendations.
• Excellent attention to detail.
• Working in a matrix structure.

Manage the maintenance of the organisation’s general ledger and accounting records.

Responsibilities

Financial Policies, Guidelines, and Protocols

Create a plan to deliver and review financial policies, guidelines, and protocols to ensure the company complies with regulations and good financial practice.

Financial Management and Control

Develop and/or deliver a plan for significant aspects of the financial management and/or control process.

Financial Information Systems

Plan and deliver financial systems changes and manage the team on a day-to-day basis to meet project timelines and quality and budget requirements. Engage with finance users to identify requirements, and work with the team to design solutions.

Data Collection and Analysis

Use data from a wide range of sources to analyze key themes and identify possible impacts on the business.

Leadership and Direction

Communicate the actions needed to implement the function’s strategy and business plan within the team; explain the relationship to the broader organization’s mission, vision, and values; motivate people to commit to these and to do extraordinary things to achieve local business goals.

Operational Compliance

Monitor and review performance and behaviors within area of responsibility to identify and resolve noncompliance with the organization’s policies and relevant regulatory codes and codes of conduct.

Business Planning

Contribute to the development of annual and longer-term business plans; forecast performance against business key performance indicators (KPIs); develop business cases for key activities/projects; and estimate the financial and human resources required to deliver performance targets.

Performance Management

Manage and report on the performance of a substantial, diverse team; set appropriate performance objectives for direct reports or project/account team members and hold individuals accountable for achieving them; take appropriate corrective action where necessary to ensure the achievement of team/personal objectives.

Organizational Capability Building

Use the organization’s formal development framework to identify the team’s individual development needs. Plan and implement actions, including continuing professional development specified by professional or regulatory institutions, to build their professional capabilities. Provide informal training or coaching to others throughout the organization in own area of expertise to enable others to improve performance and fulfill personal potential.

Budgeting

Develop and/or deliver budget plans with guidance from senior colleagues.

Information and Business Advice

Provide specialist advice on the interpretation and application of policies and procedures, resolving complex or contentious queries and issues and enabling others to take appropriate actions.

SkillsAccounting, Action Planning, Budget Management, Business Requirements Analysis, Data Compilation, Data Controls, Evaluating Information, Financial Accounting, Financial Acumen, Financial Analysis, Financial Auditing, Financial Modeling, Management Accounting, Report Review

CompetenciesBuilds Effective TeamsBusiness InsightCommunicates EffectivelyEnsures AccountabilityFinancial AcumenManages ComplexityOptimizes Work ProcessesOrganizational Savvy

EducationNQF Level 9 – Masters

Closing Date02 January 2025 , 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.

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.

Investment Repository Reporting Manager

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

Role Overview

The investment repository (IR) is an application that is used to store and collate investment data to support investment reporting for OMLACSA and in scope Group insurance entities.

Reporting to the Head of OMLACSA Regulatory Reporting and Investment Repository, the role will be primarily accountable for the management and delivery of all the Investment Repository deliverables to the various stakeholders (i.e. IFRS, Regulatory, Actuarial, Tax, BSM, Group Credit Risk, etc.)

Key result Areas & Reporting responsibilities:

To manage the Investment Repository (IR) team, this includes:

• Owning the process of delivering the following quarterly OMLACSA IR extracts that support various reporting processes:

• IFRS
• SAM
• Credit and concentration risk (including look-through)
• SARB Quarterly Asset Allocation
• Foreign exposure
• BSM extracts
• Tax extracts

• Owning and delivering the agreed upon investment reporting requirements for the SA and non-SA insurers within the OML group.
• Managing the delivery of the OMLACSA SAM Annual asset QRT’s.
• Managing the daily shareholding disclosure process per S122 of the Companies Act and UK Takeover Panel regulations
• Managing the delivery of the investment related input into the annual S&P ratings exercise.
• Managing the delivery of the investment asset related information for the IAIS submission.
• Provide input as required in respect of ad-hoc investment information requests.
• Manage the delivery of the bi-annual OML Group Exposures QRT’s.
• Responsible for liaising with the auditors in respect of any investment related queries (IFRS, SAM and SARB) and facilitating resolution thereof.
• Responsible for resolving queries received from relevant stakeholders (e.g., IFRS, regulatory, actuarial teams, etc)
• Responsible for providing all the OMLACSA AFS disclosure in respect of IFRS13, IFRS9 and other adhoc disclosure requirements.
• Responsible for managing the SARB audit
• Responsible for managing a team of minimum 2 direct reports.

Other responsibilities:

• Provide guidance on the impact that prospective changes/transactions might have on the IR process and extracts.
• Work closely with the Regulatory Reporting Team to ensure that the IR extracts are amended for changes to legislation/ Prudential Standards.
• Work closely with the IFRS and central actuarial teams to ensure that any new requirements/changes to existing requirements are made.

All areas

• Continuously improve the efficiency and capabilities of the function and participate in the broader Finance initiatives and Ad hoc projects across the Group;
• Ensure that effective and efficient systems, processes and controls are maintained for all investment reporting to appropriate materiality;
• Other ad hoc projects and activities as required.

Qualifications, Skills and Required Experience

• CA(SA) with minimum 3 years working experience
• Experience in investment related reporting will be advantageous
• Exposure to SAM and SARB reporting will be advantageous
• Good understanding of the different types of financial instruments
• Financial Services industry experience is required
• Ability to work with large volumes of data

• Flexibility and willingness to work outside strictly defined role and hours when required
• Ability to manage tight deadlines
• Ability to deal with complex issues
• Attention to detail and strong analytical skills
• Strong organizational and project management skills
• Ability to interact with senior stakeholders

Management effectiveness

• Manage and develop a minimum of 2 direct reports.
• Drives operational excellence through active process review and improvement, not afraid to challenge status quo.
• Manage the relationship with all the data providers and asset managers.
• Manage the relationship with all stakeholders that are recipients of the IR data.
• Manage the budget and relationship with the third-party application owner.
• Liaise with the third-party vendor in respect of changes and new development requirements.

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.Prepare economic, financial, or statistical research and analysis for use in the development of business strategies and tactics. Has excellent theoretical and practical knowledge of different financial and analytical techniques, and the capability to plan own work and meet deadlines.

Responsibilities

Business Case

Develop straightforward business cases or lead feasibility and assessment work for proposed and current projects to support the development and continuous review of business cases.

Data Collection and Analysis

Use data from a wide range of sources to analyze key themes and identify possible impacts on the business.

Economic Research

Develop and/or deliver a plan for significant aspects of an economic research program, with guidance from senior colleagues.

Financial Modeling

Translate business objectives into clearly defined business cases, costs, and schedules to support growth in the business.

Insights and Reporting

Contribute to the design and creation of reporting strategies and templates. Lead execution of complex reports, identifying and interpreting complex patterns and trends, and translating those insights into actionable recommendations.

Data Management

Manage key aspects of the data management system. This includes being responsible for developing or operating key elements of the system.

Financial Policies, Guidelines, and Protocols

Create a plan to deliver and review financial policies, guidelines, and protocols to ensure the company complies with regulations and good financial practice.

Information and Business Advice

Provide specialist advice on the interpretation and application of policies and procedures, resolving complex or contentious queries and issues and enabling others to take appropriate actions.

Personal Capability Building

Act as subject matter expert in an area of technology, policy, regulation, or operational management for the team. Maintain external accreditations and in-depth understanding of current and emerging external regulation and industry best practices through continuing professional development, attending conferences, and reading specialist media.

Recommendations

Recommend changes to policies, processes, standards, and practices that would improve operational support.

SkillsAccounting, Action Planning, Analytical Thinking, Budget Management, Computer Literacy, Data Analysis, Database Reporting, Data Classification, Data Compilation, Data Controls, Data Encoding, Data Modeling, Evaluating Information, Numerical Aptitude, Solution Analysis

CompetenciesBusiness InsightCollaboratesDecision QualityFinancial AcumenManages ComplexityNimble LearningOptimizes Work ProcessesResourcefulness

EducationChartered Accountancy: Chartered Accountancy (Required)

Closing Date15 January 2025 , 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.

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.

Finance Technical Team Leader

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

Role Description:

The main aim and purpose of the role is to ensure accurate and timely Pricing for various Product Administration Systems.  The role is responsible for managing the Daily and monthly pricing and ensuring that all customers receive consistently correct investment fund prices by effectively managing the Pricing processes. Where staff supervision is required, incumbent must develop all available resources (staff, systems, processes) and ensure that a high-performance culture becomes entrenched in the team. This role shall require liaising with internal and external stakeholders to ensure all requirements have been met. This role will also include managing the processing of monthly distributions for investment funds across the above platforms, ensuring that the rates are captured timeously and accurately.

In addition, the incumbent will be required to learn, understand and on occasion oversee other processes within the business. These include, but not limited to, Daily Manco Instructions, Unit Trust Trading Boxes and manual payments.

Please note that as a number of these functions do not fall within core hours, the incumbent will be required to work outside of normal business hours.

SPECIFIC KEY RESULT AREAS:

• Review the current pricing processes to ensure effectiveness and quality standards.
• Implement new processes where none are in existence.
• Ensure all Pricing processes are documented, and changes are updated.
• Ensure processes are inclusive of all regulatory requirements.
• Take up and deliver on any other activities/projects that may be delegated by management.
• Ensure standardised processes are in place and service and quality standards are being adhered to.
• Achieve results through personal efficiency.
• Identify, manage, and minimise risks/control breaks on the Pricing process
• Escalate risks/control breaks to management when identified.
• Ensure pricing compliance to all regulatory requirements and internal policies.
• Ensure no gaps in pricing and be held accountable for any claims and/or errors that impact financials and customer claims.
• Monitor internal controls and reporting on controls and processes, as well as recommending and implementing amendments to internal controls where appropriate.

Planning and Assigning Work

• Set team priorities and performance objectives
• Align mini-business objectives to business unit strategy
• Monitor and measure delivery of outcomes

Achieving Results through the Performance of the Team

• Achieve the performance objectives set for the team
• Display a clear bias for action
• Provide training/training support for new and existing personnel where necessary
• Coach new and existing personnel.
• Team player to ensure delivery of team objectives.

Relationship Building

• Maintain good relationships with internal and external clients, stakeholders and service providers
• Collaborating with others to achieve personal and team objectives.

Team Effectiveness

• Balances own priorities with directing and motivating others
• Individually accountable for others’ time, tasks, and output quality, over periods of up to three months.
• Supervises a team of Specialist Pricing Administrators

Role Qualifications:

• Matric
• Financial tertiary education (NQF7 or higher)
• Knowledge and experience in Pricing – calculating NAV’s, Money Market yields, etc.
• Relevant management experience/potential.
• Good interpersonal skills.
• Ability to interact at all levels with staff and stakeholders.
• Strong technical and numeric skills.
• Good application of business principles.
• Attention to detail.

Competencies

• Collaboration (Relating)
• Customer First
• Execution
• Innovation (Perspective)
• Leading with Influence
• Personal Mastery (Learning)
• Strategic

This role manages a team in a typical finance environment, with some individual deliveries and is individually accountable for achieving results through others, over periods of 3 months to one year. The person holding this role will lead a team that generally focus and concentrates on one or two major processes

• Responsible for the management of a unit of finance staff (typically accounts administrators and/or senior accounts administrators, and occasionally technical specialists (mostly role size M), in support of business objectives.
• Normal functions pertaining to management (people, process, customer and finance) apply..
• Team size would vary but would mostly be between 5 and 15 staff members.
• Also responsible for technical deliveries themselves (high level of technical knowledge in related field to their own staff).
• Technical skills would relate to a field within the Finance ambit, i.e. product / process / business unit, etc.
• Carries responsibility to deliver on operational projects within field of expertise

SkillsMoney Markets, Numerical Aptitude, Pricing Processes, Risk Management, Technical Skills

CompetenciesBusiness InsightCommunicates EffectivelyEnsures AccountabilityFinancial AcumenManages ComplexityOptimizes Work ProcessesOrganizational SavvyPlans and Aligns

EducationNQF Level 7 – Degree, Advance Diploma or Postgraduate Certificate or equivalent (Required)

Closing Date13 January 2025 , 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.

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.

Financial Accountant

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

Role overview

This role will report to and work closely with the Senior Financial accountant of the Shareholder Finance team in Old Mutual International. You will also be required to work closely with the Financial Manager. It requires a hands-on individual who enjoys problem solving, can work independently and effectively manage their time to ensure accurate and timely reporting.

Key responsibilities will include amongst others:

Financial Reporting & Control

• Compile and populate records to Trial Balance level (capturing and processing of cashbook entries, preparation and submitting of journal entries, including calculations to support month end accruals, calculation and processing of adhoc journals when required)
• Address and assist timeously with internal and external audit queries
• Preparation of AFS.
• Preparation of schedules for year end such as ECL (IFRS9), bank currency splits etc.
• Preparation of regulatory submissions (SAM).
• Preparation of reasonability checks for system generated foreign exchange calculations.
• Processing monthly supplier, payroll and adhoc payments.
• Debtor and creditor control (monitoring and follow up of settlement of debtors, and timeous settlement of creditors).
• Maintenance of bank account details.
• Assist with updates of banking mandates.
• Assist with KYC verification.

Management Reporting

• Preparation of quarterly HFM (Hyperion Financial Management) submissions and related disclosure schedules.
• Assist in preparation of the business plan.
• Provide data required to support analysis of income and expenses in comparison to business plan, etc.
• Generating BAU and ad hoc internal management reports for key stakeholders.

Reconciliations

• Preparation of all balance sheet reconciliations including tax reconciliations for the active book.
• Investigation and resolution of reconciling items identified.
• Assist with reconciling complex historic differences across multiple systems.
• Review of balance sheet reconciliations for the closed books.

Tax

• Prepare VAT return calculations and submissions.
• Assist with reconciling tax accounts with Group’s balances.

Additional Responsibilities

• Assist in adhoc projects and tasks as required including but not limited to: Finance Refresh, Multi currency ledger and project Rubix.
• Drive process improvements and simplification in the area of accounting. This includes automation projects listed above and the preparation and maintenance of detailed workflows.
• Attend to and resolve complex queries from various stakeholders.
• Assist in training new junior starters.

Qualifications and Experience required:

• Chartered Accountant is preferable (3+ years post article experience)
• Previous financial services experience
• Previous experience working with operational currencies other than ZAR.
• HFM/OneStream experience is desirable.
• Strong Excel skills with an aptitude and eagerness to learn various IT applications and platforms to enable process efficiencies.

Manage the maintenance of the organisation’s general ledger and accounting records.

Responsibilities

Financial Policies, Guidelines, and Protocols

Create a plan to deliver and review financial policies, guidelines, and protocols to ensure the company complies with regulations and good financial practice.

Financial Management and Control

Develop and/or deliver a plan for significant aspects of the financial management and/or control process.

Financial Information Systems

Support the implementation of financial systems process changes and enhancements; ensure all changes are effectively implemented.

Data Collection and Analysis

Conduct research using primary data sources, and select information needed for the analysis of key themes and trends.

Leadership and Direction

Communicate the local action plan; explain how this relates to the function’s strategy and action plan and to the broader organization’s mission and vision; motivate people to achieve local business goals.

Operational Compliance

Maintain and renew a deep knowledge and understanding of the organization’s policies and procedures and of relevant regulatory codes and codes of conduct, and ensure own work adheres to required standards. Or identify, within the team, patterns of noncompliance with the organization’s policies and procedures and with relevant regulatory codes and codes of conduct, taking appropriate action to report and resolve these and escalating issues as appropriate.

Performance Management

Develop and propose own performance objectives; take appropriate actions to ensure achievement of agreed objectives, using the organization’s performance management systems to improve personal performance. Or manage and report on team performance; set appropriate performance objectives for direct reports or project/account team members and hold people accountable for achieving them, taking appropriate corrective action where necessary to ensure the achievement of team/personal objectives.

Organizational Capability Building

Use the organization’s formal development framework to identify the team’s individual development needs. Plan and implement actions to build their capabilities. Provide training or coaching to others throughout the organization in own area of expertise to enable others to improve performance and fulfill personal potential.

Budgeting

Deliver a budget for an area of the organization or conduct complex analyses on budget progress in other areas of the organization.

Information and Business Advice

Provide specialist advice on the interpretation and application of policies and procedures, resolving queries and issues and referring very complex or contentious issues to others.

SkillsAccounting, Budget Management, Business Requirements Analysis, Data Controls, Evaluating Information, Financial Accounting, Financial Accounting Controls, Financial Acumen, Financial Analysis, Financial Auditing, Financial Management Reporting, Financial Modeling, Legal Practices, Management Accounting, Management Reporting, Policies & Procedures, Reconciliations, Report Review, VAT Returns

CompetenciesBusiness InsightCommunicates EffectivelyEnsures AccountabilityFinancial AcumenManages ComplexityOptimizes Work ProcessesOrganizational SavvyPlans and Aligns

EducationNQF Level 7 – Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date08 January 2025 , 23:5

Assistant Product Accountant

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 Assistant Product Accountant role is required to assist the Product Accountant and Financial Manager by providing data required to support the reporting of Shareholder profits, Net Client Cash Flows, Assets Under Management & Funds Under Management. The incumbent is individually accountable for achieving results through own efforts.

• Perform a critical analysis and reporting on the full monthly Trial Balance and movements for the assigned products within Wealth Life space.
• Required to do HFM as well as Solvency Assessment & Management (SAM) submissions.
• Generate financial information from the applicable systems and liaise with other teams that feed information that have shareholder impact to prepare reports with commentary.
• This role is expected to drive the preparation, execution and a review of the business plan, forecast and strategic target setting for the Wealth Life Profit indicators, NCCF & AUM.
• Responsible to review Control Accounts, Intercompany recons, and completeness of Trial Balance.

Key responsibilities will include amongst others the following:

Financial Control

• Review of the monthly financials of shareholder and policyholder for the assigned products.
• To ensure that all the financial accounting transactions, are accurately and timeously reflected in the general ledger.
• Prepare monthly Income Statement files and analyse the profit margins and articulate the driver of profits.
• Perform an analysis of the Assets Under Management (AUM), Net Client Cash Flows (NCCF) & Funds Under Management (FUM)
• Review and Monitor on the status of all control/loan accounts within the business unit. Drive action with the responsible parties to clear reconciling items.
• Assist in processing of intercompany balances settlement on a monthly basis.
• Assist in obtaining and reviewing the bank reconciliations for both shareholder and policyholder accounts.
• Implement the necessary processes and controls as a result of changes in the business or changes to administration platforms and accounting systems.
• Ensure completeness and accuracy of HFM Submissions and Disclosure as well as SAM Regulatory submissions.
• Ensure monthly, quarterly, and annual regulatory and tax reporting deadlines are met.

Management and Financial Reporting

• Manage own reporting requirements on the assigned products.
• Produces ongoing and ad-hoc reporting based on requirements from business unit, Central Finance, and other stakeholders.
• Support projects such as the implementation of new products and IFRS standards.

Fund Accounting & Fund Administration Process

• Ensure Fund Administration team in Fund Finance delivers on all required outputs (journals, extracts, reports, and recons) for the Policyholder accounting and reporting process.

Risk, Governance & Compliance

• Responsible for providing quarterly Investment Assets reports to the central finance team.
• Assist in maintain the OMW Life Masterfile.
• Assist in maintaining and setting up the spreadsheet design and documentation of processes for all the activities assigned.
• Liaise with auditors & internal governance team for control reviews.

Team Effectiveness

• Balances own priorities.
• Creates a climate for optimal performance.
• Individually accountable for own time, tasks, and output quality.
• Manages own performance.
• Work together with a team.

Qualifications, Skills and Experience required

• BCom degree or relevant or related degree
• 1-3 relevant years’ experience, preferably within financial services
• HFM experience preferred.
• Very strong Excel knowledge
• Strong information monitoring skills

Perform professional accounting work, including compilation, consolidation, and analysis of financial data. The role requires an understanding of accounting fundamentals and principles, as well as experience in bookkeeping. Responsibilities may include any or all of the following: ledgers and preparation of journal entries, fixed asset or inventory accounting, preparation of trial balance or financial statements, cost accounting, bank account reconciliation.

Responsibilities

Financial Management and Control

Work within established systems to deliver prescribed outcomes for a designated area of financial control.

Data Collection and Analysis

Collate and analyze data using preset tools, methods, and formats. Involves working independently.

Data Management

Manage basic aspects of the data management system with guidance from senior colleagues. This includes being responsible for developing or operating basic elements of the data management systems to deliver prescribed outcomes.

Insights and Reporting

Contribute to the preparation of various data and analytics reports.

Document Preparation

Organize and prepare complex documents using a variety of applications for technology devices, such as standard office software. Also responsible for gathering and summarizing data for special reports.

Information and Business Advice

Resolve queries from internal or external customers or suppliers by providing information on complex processes and the related policies, referring issues to others where necessary for interpretation of policy.

Financial Policies, Guidelines, and Protocols

Contribute to the development and delivery of financial policies, guidelines, and protocols to ensure the company complies with regulations and good financial practice.

Operational Compliance

Identify, within the team, instances of noncompliance with the organization’s policies and procedures and/or relevant regulatory codes and codes of conduct, reporting these instances and escalating issues as appropriate.

Personal Capability Building

Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching; gain or maintain external professional accreditation, where relevant, to improve performance and fulfill personal potential. Maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.

SkillsAccounting, Action Planning, Budget Management, Computer Literacy, Database Reporting, Data Classification, Data Compilation, Data Controls, Data Modeling, Evaluating Information, Finance Control, Financial Acumen, Financial Management Reporting, Fund Accounting, Funds Administration, Management Reporting, Numerical Aptitude, Oral Communications, Report Review, Risk Governance, Team Effectiveness

CompetenciesBusiness InsightCommunicates EffectivelyDecision QualityEnsures AccountabilityFinancial AcumenManages ComplexityPlans and AlignsTech Savvy

EducationNQF Level 7 – Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date07 January 2025 , 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.

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.

Assistant Financial Accountant

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

Key responsibilities will include amongst others:

Financial Reporting

• Compiles and populates records to Trial Balance level (capturing and processing of cashbook entries, preparation and submitting of journal entries, including calculations to support month end accruals, calculation and processing of adhoc journals when required)
• Maintain updated, accurate bookkeeping operations to ensure that the ledger is always a reliable source of information
• Expense monitoring and control
• Address and assist with internal and external audit queries
• Roll forward of AFS and contribute to AFS detail.
• Preparation and submission of results to the broader group via Hyperion Financial Management system
• Prepare monthly financial reports for management, including variance analysis and commentary by agreed timelines

Debtors and Creditors

• Processing of supplier invoices and other payments (incl foreign payments), including the relevant administration
• Raising and issuing customer invoices timeously
• Debtor and creditor control (monitoring and follow up of settlement of debtors, and timeous settlement of creditors)
• Resolve inter-company mismatches, liaising with broader group accountants

Cash management

• Processing monthly and ADHOC payments
• Maintenance of bank account details
• Cashflow monitoring and control

Reconciliations

• Preparation of all balance sheet reconciliations
• Investigation and resolution of reconciling items identified
• Identify risks and proactively implement reconciliations and controls

Tax

• VAT return calculations and submissions
• Tax return calculations and submissions

Other

• Maintain a suitable financial control environment
• Assist in adhoc projects and tasks as required
• Adhoc / annual group and stakeholder requests

Team Effectiveness

• Drive process improvements and simplification in the area of accounting. This includes automation projects and the preparation and maintenance of detailed workflows
• Effective time-management
• Individually accountable for tasks and output timeliness and quality
• Enhance and improve group collaboration efforts
• Effective communication skills

Qualification, Skills and Experience:

• BCom accounting or similar
• Excellent proficiency in Excel skills
• At least 2-4 years accounting experience and relevant financial services experience

Prepares reports on the organisation’s cash flow by checking the accuracy of the records, the bank account entries and transactions, and the movement of values. Maintains appropriate records for the short- and medium-term analysis and its forecast.

Responsibilities

Treasury

Deliver operational plans in line with the overall treasury strategy.

Data Collection and Analysis

Conduct research using primary data sources, and select information needed for the analysis of key themes and trends.

Data Management

Help others get the most out of data management systems by providing support and advice.

Insights and Reporting

Contribute to the preparation of various data and analytics reports.

Operational Compliance

Identify, within the team, instances of noncompliance with the organization’s policies and procedures and/or relevant regulatory codes and codes of conduct, reporting these instances and escalating issues as appropriate.

Financial Policies, Guidelines, and Protocols

Contribute to the development and delivery of financial policies, guidelines, and protocols to ensure the company complies with regulations and good financial practice.

Document Preparation

Organize and prepare complex documents using a variety of applications for technology devices, such as standard office software. Also responsible for gathering and summarizing data for special reports.

Information and Business Advice

Resolve queries from internal or external customers or suppliers by providing information on complex processes and the related policies, referring issues to others where necessary for interpretation of policy.

Financial Management and Control

Track progress against budgets within established finance systems, and report variances to more senior colleagues.

Personal Capability Building

Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching; gain or maintain external professional accreditation, where relevant, to improve performance and fulfill personal potential. Maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.

SkillsAccounting, Action Planning, Budget Management, Calculating Tax, Cash Management, Computer Literacy, Credit Management, Database Reporting, Data Classification, Data Compilation, Data Controls, Data Modeling, Debtors Management, Evaluating Information, Financial Reporting and Analysis, Legal Practices, Management Reporting, Microsoft Excel, Numerical Aptitude, Oral Communications, Reconciliations, Report Review, VAT Returns

CompetenciesBuilds NetworksBusiness InsightCollaboratesCourageDrives ResultsEnsures AccountabilityFinancial AcumenManages Complexity

EducationNQF Level 7 – Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date08 January 2025 , 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.

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.

Assistant Regulatory Accountant

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 role is responsible for providing assistance with Old Mutual Life Assurance Company (South Africa) Limited’s (OMLAC (SA)) regulatory reporting to the Prudential Authority (PA) as well as other regulatory bodies and stakeholders. The role will report to the Regulatory Reporting Manager.

The successful candidate will be responsible for:

• Preparing the quarterly, bi–annual and annual South African Reserve Bank returns (B30, B31, C68, B16 and B21).
• Performing analytical reviews to explain movements as reported in the SARB returns.
• Creating and maintaining the list of local and foreign instruments and ensuring alignment of this across all the SARB returns.
• Working closely with the Investment Repository team to ensure that all assets are correctly reported for SARB reporting (i.e. Asset categorisation, sector categorisation, etc.)
• Driving the process to collate information (for example, premiums and claims) from the Business Units that is required for the various regulatory returns and analysing the data received to identify and explain significant movements.
• Preparing the SAM quarterly and annual premiums, claims and policy counts QRT’s.
• Collation of the participation information.
• Providing assistance with the preparation of other ad hoc regulatory reports or requests.
• Working within a team to ensure all submission deadlines are met.
• Adhering to very strict timelines to meet deadlines as set by the regulators.

Requirements:

• Recent BCom/Business Science graduate
• Minimum 2 years working experience in financial services
• HFM experience advantageous
• SAM and SARB reporting experience advantageous
• Attention to detail
• Ability to work with large volumes of data
• Strong analytical skills
• Good communication skills
• Able to assimilate a significant amount of information
• Able to work under pressure in a stressful environment
• Motivated self-starter
• Team player
• Proficient in Excel

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.Prepares reports on the organisation’s cash flow by checking the accuracy of the records, the bank account entries and transactions, and the movement of values. Maintains appropriate records for the short- and medium-term analysis and its forecast.

Responsibilities

Treasury

Deliver operational plans in line with the overall treasury strategy.

Data Collection and Analysis

Conduct research using primary data sources, and select information needed for the analysis of key themes and trends.

Data Management

Help others get the most out of data management systems by providing support and advice.

Insights and Reporting

Contribute to the preparation of various data and analytics reports.

Operational Compliance

Identify, within the team, instances of noncompliance with the organization’s policies and procedures and/or relevant regulatory codes and codes of conduct, reporting these instances and escalating issues as appropriate.

Financial Policies, Guidelines, and Protocols

Contribute to the development and delivery of financial policies, guidelines, and protocols to ensure the company complies with regulations and good financial practice.

Document Preparation

Organize and prepare complex documents using a variety of applications for technology devices, such as standard office software. Also responsible for gathering and summarizing data for special reports.

Information and Business Advice

Resolve queries from internal or external customers or suppliers by providing information on complex processes and the related policies, referring issues to others where necessary for interpretation of policy.

Financial Management and Control

Track progress against budgets within established finance systems, and report variances to more senior colleagues.

Personal Capability Building

Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching; gain or maintain external professional accreditation, where relevant, to improve performance and fulfill personal potential. Maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.

SkillsAccounting, 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

CompetenciesBuilds NetworksBusiness InsightCollaboratesCourageDrives ResultsEnsures AccountabilityFinancial AcumenManages Complexity

EducationNQF Level 7 – Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date16 January 2025 , 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.

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.

Finance Technical Team Leader

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 Finance Technical Team Lead role resides within the Group Finance Operations & Enablement Team, with the primary responsibility of managing and leading Old Mutual’s General Ledger and Budget Maintenance Team. This role also consists of overseeing transaction files flowing in from approximately 90 Source Systems, as well as, servicing the Inter- and Intra-company transactions for OML. Skilled experience with communication, collaboration and service delivery are required as the role engages with stakeholders across different teams (Finance and IT), various seniority levels and business units throughout the OML Group.  

Job Requirements

• Tertiary studies in a relevant Finance field.
• Professional accounting qualification (e.g. ACCA, CIMA, AAT etc.) will be advantageous
• Oracle Financials experience (or similar Finance ERP experience) advantageous
• Minimum 2 years relevant experience with managing and leading a team.
• Ability to work under tight time pressures.
• Delivery and quality focused.
• Willing to work extra hours during peak periods, if required (e.g. Financial year-end, quarterly reporting).
• Ability to work independently as well as part of a team.

Manage the maintenance of the organisation’s general ledger and accounting records.

Responsibilities

Financial Policies, Guidelines, and Protocols

Create a plan to deliver and review financial policies, guidelines, and protocols to ensure the company complies with regulations and good financial practice.

Financial Management and Control

Develop and/or deliver a plan for significant aspects of the financial management and/or control process.

Financial Information Systems

Support the implementation of financial systems process changes and enhancements; ensure all changes are effectively implemented.

Data Collection and Analysis

Conduct research using primary data sources, and select information needed for the analysis of key themes and trends.

Leadership and Direction

Communicate the local action plan; explain how this relates to the function’s strategy and action plan and to the broader organization’s mission and vision; motivate people to achieve local business goals.

Operational Compliance

Maintain and renew a deep knowledge and understanding of the organization’s policies and procedures and of relevant regulatory codes and codes of conduct, and ensure own work adheres to required standards. Or identify, within the team, patterns of noncompliance with the organization’s policies and procedures and with relevant regulatory codes and codes of conduct, taking appropriate action to report and resolve these and escalating issues as appropriate.

Performance Management

Develop and propose own performance objectives; take appropriate actions to ensure achievement of agreed objectives, using the organization’s performance management systems to improve personal performance. Or manage and report on team performance; set appropriate performance objectives for direct reports or project/account team members and hold people accountable for achieving them, taking appropriate corrective action where necessary to ensure the achievement of team/personal objectives.

Organizational Capability Building

Use the organization’s formal development framework to identify the team’s individual development needs. Plan and implement actions to build their capabilities. Provide training or coaching to others throughout the organization in own area of expertise to enable others to improve performance and fulfill personal potential.

Budgeting

Deliver a budget for an area of the organization or conduct complex analyses on budget progress in other areas of the organization.

Information and Business Advice

Provide specialist advice on the interpretation and application of policies and procedures, resolving queries and issues and referring very complex or contentious issues to others.

SkillsAccounting, Budget Management, Business Requirements Analysis, Data Controls, Evaluating Information, Financial Accounting, Financial Acumen, Financial Analysis, Financial Auditing, Financial Modeling, Legal Practices, Management Accounting, Policies & Procedures, Report Review

CompetenciesBusiness InsightCommunicates EffectivelyEnsures AccountabilityFinancial AcumenManages ComplexityOptimizes Work ProcessesOrganizational SavvyPlans and Aligns

EducationNQF Level 7 – Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date13 January 2025 , 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.

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.

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