Snr Management/Financial/Product 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

Key Results Areas:

Financial Accounting

• Review the IFRS country submissions.
• Assist with providing technical IFRS support to the in-country finance teams
• Prepare an IFRS compliant consolidated Analytical Review for OMAR

Financial Analysis

• Develops reports and interprets cost drivers KPIs and benchmarks.
• Emphasis of the role is on interpretation and predictive results.
• Provides commentary on financial results and implications and advises on corrective action to be taken.

Financial Control

• Develop reporting requirements for the segment control environment (dashboard)
• Maintains suitable financial control environment.
• .
• Maintain and monitor country compliance of the Old Mutual Internal Controls tool.

Governance & Compliance

• Ensure adherence to group policies

Management Reporting

• By working closely with the management reporting team, generate internal management reports.
• Interacts with business unit line managers on financial outcomes expense trends etc.

Team Effectiveness

• Support management of the team.

Summary of the role:

• Help countries with Hyperion Financial Management (HFM) submissions and assess the accuracy and completeness of HFM submissions ensuring that countries resolve all identified issues.
• The central finance function works with 10 countries across the continent and there is an expectation to support in-country finance teams in identifying reporting improvements and provide guidance on best practices of financial controls and process improvement.
• Plan and coordinate monthly, quarterly, interim, year-end processes (including as applicable external audit) together with the Group Financial Reporting team compile reporting instructions and project manage reporting process to ensure deadlines are met.
• Manage the central interim and year end reporting process including running the attestation process, analytical reviews and sign-off process for the Internal Control Committee (ICC) and in line with International Financial Reporting Standards (IFRS).
• Assist countries implement new IFRS standards and technical queries as applicable with support from the group technical department.
• Compile Key Performance Indicators (KPIs) reports ex HFM and pass on to management reporting team for analysis and reporting on trends.
• Consolidate and review the monthly results (IFRS and or KPIs) of all the countries within the Old Mutual Africa Regions (OMAR) segment. This includes identifying and investigating emerging trends and collating commentary on the business drivers at a segment level. This function will be done with the management reporting team.
• Assist countries with transformation of the Finance function (Chart of accounts, process standardization, training etc.)
• Responsible for driving and monitoring the finance internal controls.
• As part of enhancing the control environment, the individual will be required to assist in documenting processes and identifying key controls to mitigate identified risks.
• Some travel will be required.

Skills

Competencies

Education

Closing Date

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.

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