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 will report to and work closely with the Senior Financial accountant of the Shareholder Finance team in Old Mutual International. You will also be required to work closely with the other Financial Accountants on the team. It requires a hands-on individual who enjoys problem solving and can effectively manage their time to ensure accurate and timely reporting. The individual will be mainly responsible for financial accounting for statutory and management purposes.

Key responsibilities will include amongst others the following:

Financial Reporting & Control

• Compile and populate records to Trial Balance level (capturing and processing of cashbook entries, preparation and submitting of journal entries, including calculations to support month end accruals, calculation and processing of adhoc journals when required).

• Address and assist timeously with internal and external audit queries.

• Processing monthly supplier and adhoc payments.

• Debtor and creditor control (monitoring and follow up of settlement of debtors, and timeous settlement of creditors).

• Update of invoice listings.

• Maintenance of bank account details.

• Assist with updates of banking mandates.

• Assist with KYC verification.

• Ensuring adequate cash management.

• Ensuring compliance with i-proc policies.

Management Reporting

• Preparation of quarterly HFM (Hyperion Financial Management) submissions and related disclosure schedules.

• Preparation of quarterly returns to Guernsey Regulator.

• Generating BAU and ad hoc internal management reports for key stakeholders.

Reconciliation

• Preparation of balance sheet and bank reconciliations.

• Investigation and resolution of reconciling items identified.

Other

• Assist in adhoc projects and tasks as required including but not limited to: Finance Refresh and project Rubix.

• Drive process improvements and simplification in the area of accounting. This includes automation projects listed above and the preparation and maintenance of detailed workflows.

• Attend to and resolve complex queries from various stakeholders.

Qualifications and Experience required

• Tertiary BCom (Accounting)

• 2-4 years relevant years’ experience within financial services.

• Previous experience working with operational currencies other than ZAR.

• HFM/Onestream experience is desirable.

• Strong Excel skills with an aptitude and eagerness to learn various IT applications and platforms to enable process efficiencies.

Competencies

• Build Networks

• Business Insights

• Collaborates

• Courage

• Drive Results

• Ensures Accountability

• Financial Acumen

• Manages Complexity

• Optimizes Work Processes

• Organizational Savvy

• Tech Savvy

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, Budget Management, Computer Literacy, Database Reporting, Data Classification, Data Compilation, Data Controls, Data Modeling, Evaluating Information, Legal Practices, Management Reporting, Numerical Aptitude, Oral Communications, Report Review

Competencies

Builds NetworksBusiness InsightCollaboratesCourageDrives ResultsEnsures AccountabilityFinancial AcumenManages Complexity

Education

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

Closing Date

11 April 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.

The Old Mutual Story!