• Job Description

  Req#: JR-48555

  Lets Write Africa's Story Together!

  Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

  Job Description

  Reporting and Financial Accounting, preparation of monthly, quarterly, and annual financial & regulatory reports and Revenue assurance reviews.

  1. Key measurable goals

  Regulatory reporting accuracy and reporting. Computation of Loan loss provision under IFRS-9 standard. Financial reporting accuracy and reporting System related reviews and integrations General ledger maintenance including reconciliations-systems data Tax reconciliation, assessment, and Payments.

  Revenue assurance

  • Daily completion of revenue Assurance Process as per the Bank policy and Revenue assurance Checklist.
  • Daily T24 General Ledger integration to D365 financial reporting system.
  • Insights into Bank Revenue and improvements
  • Raising Internal control Issues in bank revenue management
  • Continuous Monitoring of Bank Revenue
  • Revenue data analysis for error and fraud detection
  • Revenue leakage root cause Analysis
  • Application of data analytics in bank revenue assurance

  2. Key responsibilities

  Regulatory Reporting- CBK

  • Preparation and submission of all regulatory reports
  • Liquidity Returns
  • Monthly & quarterly returns (BSM, Liquidity, Provisioning).
  • Annual audited returns.
  • Any other ad hoc CBK reports

  Financial Reporting.

  • Preparation of periodic business performance reports
  • Monthly financial statements (Income Statement, Balance Sheet, etc).
  • monthly branch & regional reports. Group (Old Mutual) reports.
  • Business segments performance.
  • Preparation of Board, EXCO/monthly business performance presentations.
  • Support in facilitation of internal & External Audit as per the agreed timelines.
  • Assist in the computation of IFRS-16 Lease entries

  IFRS-9 Model.

  • Calculation of the Bank’s loan loss provisions and Non-banking impairments in line with IFRS 9 requirements
  • Assist in ensuring smooth running of the IFRS9 Operating Model and Governance process.
  • Assist in ensuring the IFRS9 Operating Model is reviewed and improved on a continuous manner

  Taxation

  • Assist in computations of monthly tax obligations (Withholding tax, Excise duty & corporate tax etc.)
  • Filing of tax returns.
  • Perform quarterly tax health check.

  Revenue Assurance

  • Revenue assurance self-assessments/audits.
  • General ledger reviews and mapping of T24 to D365
  • Daily checks of incomes and Expenses accruals
  • T24 integrations.
  • New products set up in Business systems.
  • Revenue optimization initiatives implementation
  • Daily & Monthly checks of interest rates, fees and charges to ensure they are captured correctly.
  • Ensuring compliance to revenue assurance control measures.
  • Review of any possible revenue leakage/Exposure and advise the management
  • Revenue Data Analysis for Error and Fraud Detection
  • Revenue Leakage Root Cause Analysis
  • Application of Data analytics in Bank Revenue Assurance
  • Recovering Revenue Leakages
  • Review of Digi cash Transaction
  • Review of Digi Loan Listing and recovery of Charges
  • Follow up and closure of revenue Gaps/Leakages
  • Checking Revenue against product Facts with an update on MEMOS shared on change of product.

  Finance Controls

  • Completion Balance sheet substantiation
  • Adherence to DCT controls
  • Financial Analytic Reviews
  • Proper reconciliation of assigned GL accounts.

  Others

  • Support in both external and internal Audits and Regulatory inspections
  • Assist of preparation of Ad-hoc or special purpose management reports
  • Management of UAP Loan interest and Repayments
  • Daily Liquidity Report
  • T24 data reviews against interfaced systems
  • Daily monitoring of the T24 GL imbalances and processing of corrections
  • Branch Support on manual computations from client’s queries
  • Processing of Loan waivers
  • Review of EDC payments.

  3. Supervision and Relationships

  Staff Reporting Directly to the Job Holder

  • None

  Relationships

  • Senior Accountant/Accountants – Finance Operations & Treasury.
  • Manager Business Information & Innovation.

  Education

  • Degree in Business related Studies and/or
  • CPA (K) /ACC
  • CFA/CPAK

  Knowledge and Skills

  • Financial Management
  • Reporting writing skills
  • Proficiency in Information and computer applications and packages

  • Leadership Skills

  Experience

  • At least 2 years working experience in banking/ financial institution or 1 year as an Assistant Accountant in Financial Reporting.

  • Budget and financial planning.

  Personal Attributes

  • Demonstrate management abilities.
  • Analytical
  • Confident
  • Integrity
  • Diligent
  • Attention to detail.
  • Accuracy
  • Reliability and Speed

  Physical demands

  None

  Skills

  Analytical Thinking, Banking, External Audit, Financial Accounting, Financial Analysis and Reporting, Financial Management, Financial Management Reporting, Financial Statements, General Ledger (GL), Income Statements, International Financial Reporting Standards (IFRS), Management Reporting, Reconciliations, Regulatory Reporting

  Education

  Bachelor Of Business: Accounting Finance (Required)

  Closing Date

  18 December 2023

  The Old Mutual Story!

• About the company

  Old Mutual Limited is a pan-African investment, savings, insurance, and banking group.

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