• Job Description

  Req#: JR-44991

  Your time is now to be your exceptional best at Old Mutual!

  Job Description

  The JHB/CPT based role for a Financial Accountant within the IFRS Financial Reporting team responsible for managing the OMLACSA investment ledger as well as taking full responsibility of disclosures for investments and securities across to OML Group. They will report to the OMLAC(SA) Consolidation Reporting Manager but will also work closely with the managers responsible for OML as well as the Head of Statutory Reporting. The main function of the role is:

  • Working closely with the Balance Sheet Accounting team and back-office investment manager service provider.
  • Preparing investments and securities disclosures for both OMLACSA and OML in terms IFRS9.
  • Preparing and/or reviewing specific inputs and outputs of the OMLACSA and 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.
  • 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.

  KRA's

  Financial Reporting

  Accountable for the deliverables of the segment consolidation, which includes inter alia:

  • The statutory OMLAC (SA) consolidation supporting quarterly reporting and the production of interim and annual financial Accessibility statements and related disclosure supplements of OMLAC (SA).
  • 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.
  • 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.
  • Leading various aspects of the external reporting process for the consolidated OMLAC (SA) 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.
  • Managing interdependencies and relationships with key stakeholders such as External Reporting, Internal Reporting, Regulatory Reporting, Balance Sheet Accounting, Central Finance, Group Actuarial, and Tax.
  • Liaising with external auditors, ensuring the timely and accurate proofs, and audit trail for segment consolidation and the 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.

  Job Requirements

  • Qualified CA (SA) with approximately 3-5 years post qualification experience.
  • Thorough understanding of International Financial Reporting Standards, JSE Listings Requirements and the accounting treatment of Insurance Companies. Exposure to IFRS 9 is a requirement and exposure to IFRS 17 would be beneficial.
  • Must have experience in consolidations and/or financial reporting of a listed multi-national l 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, good attention to detail and strong analytical skills.
  • Extensive and demonstrable experience with HFM or similar consolidation and reporting software.
  • Team player and 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.
  • Motivated self-starter with the ability to cut through complex issues, proactive approach to the resolution of problems and obstacles.
  • Leading with Influence
  • Collaboration (Relating)
  • Innovation (Perspective)
  • Personal Mastery (Learning)

  Skills

  Education

  Closing Date

  23 September 2023

  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.

• About the company

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

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