Assistant Management Accountant

Old Mutual Life Assurance Company (SA) Ltd; Cape Town; On-site; ZAR 900,000 - 1,300,000; Full time

Job summary

Old Mutual Life Assurance Company (SA) Ltd is looking for a Banking Operations professional to drive cash and liquidity management, payments, banking infrastructure and governance. The role concentrates on secure, efficient processes and advisory on cash flow to support decisions.

You will lead risk management, regulatory compliance and automation projects, collaborating with Finance, Technology, Risk and business units to optimise Money In and Money Out.

Qualifications

• Formal accounting/finance degree at minimum.
• Experience in banking operations, cash flow, and liquidity management.
• Strong analytical and reporting capabilities.
• Ability to translate complex data into actionable insights.

Responsibilities

• Execute and manage daily cash-flow forecasting and liquidity management.
• Analyze financial and operational data to identify trends and risks.
• Maintain internal controls and governance across Banking Operations.
• Coordinate banking relationships and ensure compliance with regulatory requirements.
• Identify opportunities to automate and improve banking and payment processes.

Skills

Accounting

Budget Management

Cash Flow Analysis

Financial Analysis

Data Modeling

Management Reporting

Forecasting

Oral Communications

Attention to Detail

Education

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

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.

Job Description This role is responsible for the effective execution and management of Banking Operations, encompassing cash and liquidity management, payment operations, banking infrastructure, financial analysis, banking relationships, risk, financial controls and governance. The role ensures secure, efficient and well-controlled banking processes, while optimising cash utilisation and providing financial insights to support business decision-making. Drives the automation and continuous improvement of banking processes, manages key banking and internal stakeholder relationships, and works closely with Finance, Technology, Risk and business teams to execute strategic initiatives and system implementations impacting Money In and Money Out cash flows. Ensures operational excellence, effective risk management, regulatory compliance and sustainable service delivery.

Cash & Liquidity Management

• Manage daily cash-flow forecasting and liquidity requirements to ensure effective utilisation of cash by investing in the appropriate instruments.
• Manage and oversee income, expenditure and manual payments transactions within agreed SLAs and controls.
• Foreign payments and Exchange Control requirements where applicable.
• Ensure banking transactions are accurate, timely and appropriately authorised.

Financial Analysis & Reporting

• Analyse financial, cashflow and operational information to identify trends, risks and opportunities.
• Investigate material variances and provide meaningful insights to support management decision-making.
• Prepare accurate management reports, forecasts and cash-flow models.
• Translates complex financial information into clear and actionable business insights.

Financial Control and Governance

• Ensure the accuracy and integrity of financial transactions, reconciliations and accounting records.
• Maintain a strong internal control environment across Banking Operations.
• Ensure compliance with governance, regulatory, banking and internal policy requirements.
• Support covenant monitoring, audit requirements and risk-management activities.
• Oversee AML, BAMS, Intellinx and bank-user-access governance, including account and mandate controls, attestations, access reviews, exception monitoring and remediation of identified risks.

Bank Relationship Management

• Manage effective relationships with banking partners and key internal stakeholders.
• Coordinate bank account openings, closures, mandates and account structures
• Drive the resolution and escalation of banking, payment and system-related issues
• Coordinate compliance, documentation and operational requirements with banking partners.

Process Improvement & Automation

• Identify and drive opportunities to simplify, standardise and automate banking and payment processes.
• Support the design and implementation of new banking and cash-management solutions.
• Drive operational efficiencies while reducing manual intervention, cost and operational risk.

Personal Effectiveness

• Take ownership and accountability for high-quality service delivery.
• Effectively manage priorities, deadlines and competing demands.
• Build strong collaborative relationships across Finance, Treasury, Technology, business units and banking partners.
• Demonstrate sound judgement, attention to detail and a strong risk and control environment.
• Accepts and live the company values.

Skills

• Accounting
• Action Planning
• Budget Management
• Computer Literacy
• Database Reporting
• Data Classification
• Data Compilation
• Data Controls
• Data Modeling
• Evaluating Information
• Financial Acumen
• Management Reporting
• Numerical Aptitude
• Oral Communications
• Report Review Competencies Business Insight Communicates Effectively Decision Quality Ensures Accountability Financial Acumen Manages Complexity Plans and Aligns Tech Savvy

Education

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

Closing Date

27 October 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!

Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending. We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.