Assistant Management Accountant

Old Mutual Life Assurance Company (Malawi) Limited; South Africa; On-site; ZAR 350,000 - 450,000; Full time

Job summary

A leading financial services firm in South Africa seeks a Financial Accountant to support senior management in preparing budgets, managing expenses, and compiling financial reports. Candidates need a Bachelor's degree and at least 2 years of financial accounting experience. This role involves reconciliation, reporting, and supporting the finance manager with various tasks. Deadline for applications is September 26, 2025.

Qualifications

• Matric and Tertiary Finance Qualification.
• 2+ years' financial accounting experience.
• Knowledge of profit transfer process.

Responsibilities

• Compiles supporting documents for management accountant.
• Prepares draft income statement and balance sheet.
• Ensures accurate reconciliations are done and followed up.
• Prepares and submits HFM submissions and disclosure submissions.

Skills

Budget Management

Computer Literacy

Financial Auditing

Management Reporting

Numerical Aptitude

Education

Bachelor's Degree

Tools

HFM

Job description

Overview

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

Perform professional accounting work, including compilation, consolidation, and analysis of financial data. The role requires an understanding of accounting fundamentals and principles, as well as experience in bookkeeping.

Responsibilities may include any or all the following: ledgers and preparation of journal entries, preparation of trial balance or financial statements, intercompany transactions, bank account reconciliation.

This role supports the Senior Management / Financial / Product Accountant and is responsible for the compilation of documents for the development of management reports. Assists with the compilation of budgets and management of expenses.

• Management Reporting
• Compiles supporting documents for management accountant.
• Prepares draft reports.
• Assists with the compilation of budgets.
• Assists with the management of expenses.
• Prepares internal management report.

• Financial Reporting
• Compiles and populates records to trial balance level.
• Prepares draft income statement and balance sheet.

• Reconciliations
• Ensures accurate reconciliations are done and followed up.
• Reviews control accounts and reconciliations.

Specific to the role

• Processes journal entries in relation to the Central segment (0140 - 0142, OMEM and OML), timeously and accurately.
• Performs calculations to determine financial transactions required e.g. leave pay journal
• Ensures that the financial records, including the balance sheet is valid, accurate and complete.
• Support Business Partner team in preparation of annual business unit budgets and quarterly forecast in IDU budgeting tool
• Performs inter-company reconciliations and confirmation of balances; and corrects mismatches timeously.
• Reconciliation of all balance sheet accounts, 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, and submits within agreed deadlines:
• HFM Submissions (Monthly, Half Yearly, Annually)
• Disclosure submissions
• Analytical reviews
• Tax schedules
• CFO sign off

Produces balance sheet reports.

Raising of accruals as and when necessary

Processing of AGIS transactions

Support the Finance Manager with ad-hoc tasks including business planning

Qualifications and experience required:

• Matric and Tertiary Finance Qualification
• 2+ years' financial accounting experience
• Profit transfer process
• Knowledge of HFM

Skills

Budget Management, Computer Literacy, Database Reporting, Data Classification, Data Compilation, Data Controls, Data Encoding, Data Modeling, Document Management, Financial Auditing, 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

• Bachelors Degree (B)

Closing Date

26 September 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!