MFC Financial Accountant at Old Mutual South Africa

Job Description

• In this role, you will form part of the Mass Foundation Cluster which is one of the largest customer-facing business segments in Old Mutual. Our vision is to be our customers' most trusted financial partner, passionate about helping them achieve their lifetime goals. Our mission is to enable positive futures for our customers, by bridging the gap between their resources and their financial service’s needs. Our primary goal is to facilitate access to financial solutions for our customers and to keep pace with their changing needs. Our target market is the low and emerging-middle income segment.
• This role is accountable for execution, governance and compliance at an operational level. In this role you will be accountable for achieving results through the efforts of others.

Accounting Records

• Ensures that the financial accounting transactions are accurately reflected in the business unit ledgers.

Financial Control

• Creates a healthy internal control environment to ensure integrity of financial information.
• Effects ongoing changes to internal controls as necessitated by changes in business and corporate governance.
• Monitors and reports on status of all control accounts in the business unit.

Financial Reporting

• Prepares monthly financial reports for management, including a high-level variance report by agreed deadline.
• Produces ongoing and ad-hoc reporting based on requirements from business units, central finance and other mutual stakeholders.
• Drives and collates monthly submission consisting of report and commentary by agreed deadline.
• Manages reporting requirements for the business unit.

Governance & Compliance

• Accountable for governance and compliance at an operational level.
• Ensures the effectiveness and appropriateness of the accounting processes utilised to fulfill the needs of the business.
• Provides advice on accounting policy and practice to senior and middle management.

Team Effectiveness

• Balances own priorities with directing and motivating others.
• Creates a climate for optimal performance.
• Manages performance, plans and assigns work.

Technical requirements

• Able to work with large data (Microsoft Access and Excel)
• Project management for internal BAU initiatives
• Deadline driven
• Manager of others
• Ability to work across multiple functions to ensure deliverables are met
• Strong Analytical skills

 Statutory reporting:

• Responsible for the preparation of the annual financial statements.
• Manage the external audit process and ensure sign-off of the annual financial statements within agreed.
• Prepare reporting submissions (HFM and offline) on a monthly basis.
• Liaise with stakeholders, including accountants of other divisions within the cluster.

 Regulatory reporting:

• Assist Compliance with any ad-hoc reports required for regulatory visits.
• Ensure all taxes are filed according to tax standards.

Other

• Various tax preparations and submissions.
• Review and approval of monthly payments.
• Review and approval of journal entries where necessary.
• Review and approval of month-end reconciliations.

Requirements

• CA(SA) with 2+ years’ finance/post articles experience

Skills

• Accounting Processes, Analytical Thinking, Financial Analysis and Reporting, Financial Controlling

Education

• Chartered Accountant (Required)

Closing Date

14 April 2023