Management Accountant

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

Job Description

The role is that of a management accountant within the Old Mutual Wealth Management Expenses team with functions including Management Reporting, Expense Management, Budgeting/Forecasting, Expense Allocations, Financial Analysis/Interpretation of results and Adhoc Projects.

This role requires an energetic self-driven individual that enjoys engaging with various stakeholders across the organisation on various expense related topics.

Key responsibilities will include amongst others:

• Managing month-end closure. Ensures validity, accuracy and completeness of transactions in the general ledger. This extends to general ledgers in the broader segment entities, in relation to expenses.
• Preparation of complex journals such as IFRS2, IFRS
  16 and Long-/Medium term incentive schemes.
• Review/Prepare monthly expense allocations within the segment. This requires a full understanding of the allocation methodology, including understanding of IFRS
  17 methodology, within the Segment. Assist with the annual review and implementation of revised methodology.
• Generate internal financial/management reports and presentations including commentary.
• Monthly Balance Sheet and Income Statement reconciliations – Review, maintain suitable financial control and drive corrective action through others.
• Distribute budget variance reports to Exco and various stakeholders with commentary to enable the business to manage expenses appropriately.
• VAT – good understanding of VAT treatment, regular review of treatment and drive system updates where necessary. Assist with annual VAT apportionment review.
• Expense Management/Financial/Process support to the business.
• Monitoring application of expense Group Policies, and elevate instances of out of policy expenditure.
• 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.
• Identify risks and proactively implement reconciliations and controls.
• Drive process improvements and efficiencies.
• Responsible for audit liaisons which is aligned to Group audit sign off.
• Drive annual review process of procurement credit cards and fixed assets
• Cashflow management.
• Short Term Incentive reconciliation process to be performed annually to align accounting and account for over/under provision accurately.
• 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 attention to detail.
• Strong work ethic, self-motivated and high standards of achievement.
• Drive process improvements and efficiencies.
• Trustworthy, dependable, accountable, team player.

Qualifications and Experience required:

• BCom accounting or similar.
• At least 5 years’ experience in a Management Accounting role.
• IFRS 16 and Incentive Scheme (IFRS
  2) experience required. IFRS 17 understanding beneficial.
• High Proficiency in Excel skills would be required.
• Oracle Financials experience would be beneficial.
• Previous Expense management and Allocations experience required.
• Ability to build relationships across the business with various stakeholders and gain commitment.
• Strong information monitoring skills and decision making.
• Ability to deal with conflicting deliveries and working in a high pressured environment.

Skills

Accounting, Action Planning, Budget Management, Computer Literacy, Database Reporting, Data Classification, Data…