Assistant 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

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.

Role requirements:

• Analyse actuarial return and other portfolio information for certain entities to inform journals to be performed

• 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.

• Follows up on long outstanding debt owed to and by the business unit

• Prepares documentation for payments on behalf of entities

• Prepares, and submits within agreed deadlines:

• HFM Submissions (Monthly, Half Yearly, Annually)

• Disclosure submissions

• Analytical Reviews

• CFO sign off

• Assist with preparation of business plan and quarterly forecasts

• Produces Balance sheet reports

• Prepare VAT calculation

• Complete VAT and Tax submissions

• Assist with preparation of the annual financial statements and running of audits until completion

• Compile monthly management accounts including analytical commentary

• Compile SHIR determination on portfolio level and indirect calculation of RFO

• Compile tax ABU submission and relevant Tax schedules where required.

Experience

• B.Com Qualification or higher

• 5+ years’ relevant finance experience

Prepares reports on the organisation’s cash flow by checking the accuracy of the records, the bank account entries and transactions, and the movement of values. Maintains appropriate records for the short- and medium-term analysis and its forecast.

ResponsibilitiesTreasury

Deliver operational plans in line with the overall treasury strategy.

Data Collection and Analysis

Conduct research using primary data sources, and select information needed for the analysis of key themes and trends.

Data Management

Help others get the most out of data management systems by providing support and advice.

Insights and Reporting

Contribute to the preparation of various data and analytics reports.

Operational Compliance

Identify, within the team, instances of noncompliance with the organization's policies and procedures and/or relevant regulatory codes and codes of conduct, reporting these instances and escalating issues as appropriate.

Financial Policies, Guidelines, and Protocols

Contribute to the development and delivery of financial policies, guidelines, and protocols to ensure the company complies with regulations and good financial practice.

Document Preparation

Organize and prepare complex documents using a variety of applications for technology devices, such as standard office software. Also responsible for gathering and summarizing data for special reports.

Information and Business Advice

Resolve queries from internal or external customers or suppliers by providing information on complex processes and the related policies, referring issues to others where necessary for interpretation of policy.

Financial Management and Control

Track progress against budgets within established finance systems, and report variances to more senior colleagues.

Personal Capability Building

Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching; gain or maintain external professional accreditation, where relevant, to improve performance and fulfill personal potential. Maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.

Skills

Accounting, Action Planning, Balance Sheets, Budget Management, Computer Literacy, Database Reporting, Data Classification, Data Compilation, Data Controls, Data Modeling, Evaluating Information, Financial Reporting and Analysis, Legal Practices, Management Reporting, Numerical Aptitude, Oral Communications, Reconciliations, Report Review, VAT Accounting

Competencies

Builds NetworksBusiness InsightCollaboratesCourageDrives ResultsEnsures AccountabilityFinancial AcumenManages Complexity

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent (Required)

Closing Date

26 February 2025 , 23:59

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!