MFC Financial Accountant

Let's Write Africa's Story Together!

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

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 responsible 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 (based on analysis and trending performed) 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 submissions consisting of reports and commentary by agreed deadlines.
• Prepares monthly and annual cash flow forecasting.
• 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.
• Technical assessments to be done on IFRS applications that are applicable to the business unit.
• Provides advice on accounting policies and practices to senior and middle management.

Team Effectiveness

• Manages own priorities
• Creates a climate for optimal performance.
• Effective collaboration with team members.

     

​Regulatory reporting:

• Assist Compliance with any ad-hoc reports required for regulatory reporting.

Other

• Preparation or review of journal entries where necessary.
• Review and approval of month-end reconciliations

Requirements

• Qualified CA (non-negotiable)
•  1+ years’ finance/post articles experience /strong newly qualified CA
• Experience in reconciliation and resolving control account issues by working closely with operational areas.
• Able to work with large data (Microsoft Access and Excel)
• Project management for internal BAU initiatives
• Accounting design (including functional and user acceptance testing)
• Deadline driven
• Ability to work across multiple functions to ensure deliverables are met  
• Strong IFRS Technical and Analytical skills  
• Able to analyze complex financial information and provide insights on the drivers for the results

Skills

Collaboration, Communication, Detail-Oriented, Innovation, Task Execution

Education

Chartered Accountancy (Required)

Closing Date

16 July 2024

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

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.

The Old Mutual Story!