Senior Financial Accountant at Old Mutual South Africa

Job Description

• This role is accountable for the end to end reporting, governance and compliance for IFRS 2 and the Share Trusts. It entails reviewing detailed calculations, monthly packs, journals, TB, HFM reporting, AFS, tax returns and managing audits.

Key Result Areas:

Accounting Records

Maintains books and accounts in accordance with accounting requirements

• Review investment reconciliations which calculate the realised and unrealised fair value
• Review bank analysis and reconciliations
• At each grant cycle: Review the overfunding and underfunding calculations for each participating Employer Company
• Review detailed calculations of the unallocated shares per Employer Company
• Review detailed calculations of the allocated and unallocated liability/asset balances per Employer Company
• Review the detailed participant tax analysis
• Review audit fee accrual calculations
• Review dividend received and paid accrual calculations
• Implement any ad hoc calculations and reconciliations required
• Review journals agreed to supporting documents and calculations
• Review trial balance
• Review HFM reporting
• Perform ad hoc task/reports/service requests as needed from time to time

Financial Control

• Maintains a strong and healthy internal control environment to ensure safeguarding of assets & integrity of financial information
• Monitors & reports on status of all control accounts for IFRS 2 and the Share Trusts
• Effects ongoing changes to internal controls as necessitated by changes in business and corporate governance
• Reviews and implement monthly reconciliations and investigate variances
• Communicate information clearly, accurately and timely to manager, team members and stakeholders
• Develop strong peer and stakeholder relationships, maintaining effective communication channels

Financial Reporting

• Manages reporting requirements for IFRS 2 and the Share Trusts
• Reviews monthly financial reporting packs  
• Produces ongoing and ad hoc reporting based on requirements from stakeholders
• Responsible for reviewing Oracle journals
• Review annual financial statements
• Liaise and manage the external auditors to ensure that the audits are completed efficiently

Tax

• Reviews provisional and annual tax returns
• Review submissions to SARS

Governance & Compliance

• Accountable for governance and compliance at an operational level
• Ensures the effectiveness and appropriateness of the accounting processes utilised to fulfil the needs of the business
• Proactively manage risk, anticipate potential issues and implement appropriate mitigations

Qualifications, Skills and Experience:

• Qualified Chartered Accountant
• At least 4 years IFRS 2 experience mandatory
• Share Trusts accounting advantageous
• Flexibility and willingness to work outside strictly defined role and hours when required
• Knowledge of Oracle, Fusion and reporting software such as HFM advantageous
• Proven ability to drive improvement and efficiencies
• Strong organisational, communication and time management skills
• 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

Closing Date

12 April 2023