Job Description
Let's Write Africa's Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
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The role is that of a management accountant within the Old Mutual Corporate Management Expenses team with functions including Management Reporting, Expense Management, Budgeting/Forecasting, Expense Allocations, Financial Analysis/Interpretation of results and Ad hoc Projects. This role requires an energetic self-driven individual who enjoys engaging with various stakeholders across the organisation on various expense related topics.
Key responsibilities will include amongst others:
- Managing month-end closure. Ensuring validity, accuracy and completeness of transactions in the general ledger.
- Assists with updating and reviewing monthly expense allocations within the business.
- Generate internal financial/management reports and presentations including commentary
- Monthly Balance Sheet and Income Statement reconciliations – Reviews, maintains suitable financial control and drives corrective action through others
- Distribute budget variance reports to Exco and various stakeholders with commentary to enable the business to manage expenses appropriately.
- Has a good understanding of VAT treatment, assists with annual VAT apportionment review.
- Expense Management/Financial/Process support to the business
- Monitoring application of Group Expenses Policies, and follows up on exceptions
- Drive expense governance with the various business stakeholders and budget centre owners.
- Manage reporting and budget centre owner hierarchies
- Co-ordination of the financial requirements and deliveries for expense budgets during the Annual Business Planning cycle
- Assist with the quarterly expense forecasting process
- Identifies risks and proactively implements reconciliations and controls
- Drive process improvements and efficiencies
- Responsible for audit liaisons which is aligned to Group audit sign off.
- Short Term Incentive reconciliation process to be performed annually to align accounting and account for over/under provision accurately
Personal/Team Effectiveness:
- Ability to work in a fast-paced environment, with multiple priorities and deliveries with tight deadlines
- Individually accountable for tasks
- Effective time-management
- Proactive, eager to learn and share knowledge
- Systematic, methodical and pays attention to detail
- Strong work ethic, self-motivated with high standards of achievement
- Drive process improvements and efficiencies
- Trustworthy, dependable, accountable, team player
- Curious, tenacious, confident, solutions-oriented, resilient
- Strong communication skills
Qualifications and Experience required
- BCom accounting or similar
- At least 5 years’ experience in a Management Accounting role
- IFRS 17 understanding highly beneficial.
- High Proficiency in Excel skills
- Oracle Financials experience would be beneficial
- Previous Expense management and Allocations experience would be preferable.
- Ability to build relationships across the business with various stakeholders and gain commitment.
- Strong information monitoring skills and decision making
- Good written and verbal communication skills.
- Ability to deal with conflicting deliveries and working in a high-pressured environment
Competencies
- Execution
- Customer First
- Personal Mastery (Learning)
- Innovation (Perspective)
- Collaboration (Relating)
- Strategic
- Leading with Influence
Skills
Accounting, Action Planning, Analytical Thinking, Budget Management, Computer Literacy, Data Analysis, Database Reporting, Data Classification, Data Compilation, Data Modeling, Evaluating Information, Numerical Aptitude, Research Methodologies, Solution Analysis
Competencies
Business InsightCollaboratesEnsures AccountabilityFinancial AcumenManages ComplexityNimble LearningOptimizes Work ProcessesResourcefulness
Education
NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent
Closing Date
09 June 2026 , 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!
