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 Jhb/CPT based role for a Financial Accountant within the Group Financial Control team responsible for business partnering in OML Group and will report to the Consolidation Reporting Manager. The role will also work closely with the Head of Statutory Reporting as well as the various Head of Finance roles within each Business Unit. The main function of the role is:
Preparing and/or reviewing specific inputs and outputs of the OMLAC (SA) and/or OML consolidation, in accordance with International Financial Reporting Standards, Group accounting policies, Companies Act and JSE Listings Requirements.
Interpretation and communication of complex financial issues and concepts to all stakeholders, including senior management.
Being a subject matter expert on key areas through development of a deep understanding of value drivers, risks and key Audit Committee focus areas.
Understanding and explaining the internal and external business unit and consolidated Group information, both financial and non-financial
The role will also manage and/or support other formal internal and external reporting deliverables including the OML financial statements, SENS announcements as well as the preparation of internal documents to support these deliverables.
The role will also have ad hoc responsibilities with respect to driving/implementing continuous improvements within the Group
Key Result Areas:
Financial Reporting
Accountable for the deliverables of the segment consolidation, which includes inter alia:
The statutory OMLAC (SA) and/or OML consolidation supporting monthly reporting and the production of interim and annual financial Accessibility statements and related disclosure supplements of OMLAC (SA) and/or OML.
Analyze and review the financial performance of the segments forming part of OMLAC(SA) as well as the consolidated Group, preparation of analytical reviews and write commentary as appropriate to assist understanding and insight
Quarterly consolidation supporting where required
Identify the need for consolidation journals and correcting entries to segment submissions and the Group consolidation and understand the impact on the Group result
Preparation and/or review of relevant consolidation journals and consolidation proofs
Review of business unit submissions, raising and efficient resolution of queries
Prepare ad hoc information, presentations or reports and provide challenge and explanation to stakeholders where required
Assist with management of the inter-company matching and eliminations processes
Manage and maintain Disclosure Management System, the system used for the production of IFRS Financial Statements
Management and preparation of ancillary information around the interim and year end reporting as appropriate
Provide guidance to the team and segments on the practical application of technical accounting opinions (e.g. Accounting for business combinations in the Hyperion Financial Management system (HFM) to ensure complete and accurate reporting
Leading various aspects of the external reporting process for the consolidated OMLAC (SA) and/or OML Group, including analytical review, drafting and completing financial statement disclosure notes, implementation of new accounting standards, and developing efficient data collection mechanisms as appropriate.
Keeps abreast of current accounting and tax developments Governance & compliance. Integrating accounting, actuarial and tax knowledge in terms of analysis and interpretation of technical issues
Ensuring compliance with International Financial Reporting Standards, Companies Act, JSE Listings Requirements and Group accounting policies through active engagement with segments, technical accounting, and accounting systems (HFM) teams
Ensuring HFM structures and Chart of Accounts are accurate by timeously logging amendments as part of the HFM change release cycles
Pro-actively reviewing and improving the consolidation process, including proposing and testing changes to the consolidation tool (HFM) as required
Adherence to the financial and internal controls framework for Group Finance
Management effectiveness
Creating, maintaining and enhancing productive working relationships with segments and the wider IFRS Financial Reporting Team
Business partnering with segment accounting teams by actively engaging with them in addressing key issues and to provide advice on resolving those issues that may impact the financial results of the Group
Managing interdependencies and relationships with key stakeholders such as External Reporting, Internal Reporting, Regulatory Reporting, Balance Sheet Management, Group Actuarial, and Tax
Liaising with auditors, ensuring the timely and accurate proofs, and audit trail for segment consolidation and the OMLAC(SA) and/or OML annual and interim financial statements
Understanding the interactions of all financial reporting aspects of the Group and use this knowledge to provide advice to stakeholders as required
Participating and/or lead on other ad hoc projects and activities as appropriate
Manage and prioritize multiple tasks
Requirements:
Qualified CA (SA) with approximately 1-4 years post qualification experience
Thorough understanding of International Financial Reporting Standards, JSE Listings Requirements and the accounting treatment of Insurance Companies with exposure to IFRS 17 would be beneficial
Must have experience in consolidations and/or financial reporting of a listed multi-national
Understanding of legal and management consolidation structures with a strong appreciation of need for process disciplines and controls
Ability to deal with complex technical issues
Attention to detail
Strong analytical skills
Extensive and demonstrable experience with HFM or similar consolidation and reporting software is advantageous
Flexibility and willingness to work outside strictly defined role and hours when required
Willing and able to learn fast and assimilate a significant amount of information
Able to work constructively under pressure and adapt to change
Team player
Motivated self-starter with the ability to cut through complex issues, proactive approach to the resolution of problems and obstacles
Competencies
Strategic
Leading with Influence
Collaboration (Relating)
Customer First
Execution
Innovation (Perspective)
Personal Mastery (Learning)
Skills
Accounting, 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 ReviewCompetencies
Business InsightCommunicates EffectivelyEnsures AccountabilityFinancial AcumenManages ComplexityOptimizes Work ProcessesOrganizational SavvyPlans and AlignsEducation
Chartered Accountant (Required)Closing Date
11 September 2025 , 23:59The 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.
The Old Mutual Story!