Assistant Financial Accountant at Old Mutual South Africa

Job Description

• This role is accountable for the end to end internal and external reporting for subsidiaries of Old Mutual.  It includes accounting transactions, reporting, tax calculations and submission.

Key Result Areas:

Financial Reporting

• Compiles and populates records to trial balance level.
• Prepares draft income statement and balance sheet.

Reconciliations

• Ensures accurate reconciliations are done and followed up.
• Reviews control accounts and reconciliations.

Specific Key Result Areas

• Perform journals from bank statement movements and other sources.
• Processes journal entries in relation to the shareholder entities, timeously and accurately.
• Performs calculations to determine financial transactions required.
• Ensures that the financial records, including the trail balance is valid, accurate and complete.
• Performs inter-company reconciliations and confirmation of balances and corrects mismatches timeously.
• Reconciliation of all Balance sheet accounts, including bank account, ensuring that reconciling items are constantly monitored and actioned, and that there are no long outstanding reconciling items.
• Prepares documentation for payments on behalf of entities.

Prepares, and submits within agreed deadlines:

• HFM Submissions (Monthly, Quarterly, Half Yearly, Annually).
• Disclosure submissions.
• Analytical Reviews.
• CFO sign off.
• Assist with preparation of business plan and quarterly forecasts.
• Prepare VAT calculation.
• Complete VAT and Tax submissions.
• Assist with preparation of the annual financial statements and running of audits until completion.
• Compile management accounts for board meetings.
• Compile relevant Tax schedules where required.

Requirements: Skills, Qualifications and Experience required :

• Finance related qualification.
• 3-5 years’ relevant finance experience a must.
• Experience working with HFM, and Oracle would be a distinct advantage.
• Excellent communication skills.
• Strong stakeholder engagement.
• A collaborative spirit.
• Strong technical ability.
• Superior time management ability.
• Excellent ability to problem solve.

Technical knowledge/competency:

• Transactional Accounting.
• Professional Accounting Standards.
• Financial Reporting.
• Business Planning, Forecasting and Budgeting.
• Financial and Variance Analysis.
• Internal Control & Risk Management.
• Taxation Statutory Returns.

Skills

• Accounting, Analytical Review, Business Planning, Communication, External Reporting, Financial Analysis and Reporting, Management Accounting, Management Reporting, Reconciliations, Time Management, Transaction Accounting, Trial Balances

Education

• Diploma (Dip): Finance

Closing Date

12 April 2023