Consolidation Reporting Business Partner

Old Mutual Limited; Johannesburg; On-site; ZAR 900,000 - 1,200,000; Full time

Job summary

Old Mutual Limited in Johannesburg seeks a Financial Accountant within the Group Financial Control team. The role focuses on consolidation, statutory reporting, and business partnering across the OML Group under IFRS and Companies Act requirements.

The successful candidate will drive inter-company eliminations, prepare financial statements, and support external reporting with senior management insights. Chartered Accountant (CA) designation is required.

Qualifications

• Qualified CA(SA) with IFRS experience and strong financial reporting knowledge.
• Experience with group consolidation, statutory reporting and JSE listings would be advantageous.
• Ability to communicate complex accounting issues to senior stakeholders.

Responsibilities

• Prepare and/or review inputs for OMLAC (SA) consolidation and Group reporting.
• Interpret complex financial information for senior management and drive improvements.
• Lead external reporting processes, disclosures, and accounting policy applications.
• Support inter-company eliminations, journal creation, and consolidation proofs.
• Collaborate with multiple finance heads to ensure accurate and timely reporting.

Skills

Accounting

Budget Management

Financial Analysis

Financial Modeling

Managerial Accounting

Policies & Procedures

Report Review

Financial Auditing

Data Controls

Financial Acumen

Legal Practices

Education

Chartered Accountant (Required)

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

The Johannesburg based role for a Financial Accountant within the Group Financial Control team responsible for business partnering in OML Group and will report to the Consolidation Reporting Manager. The role will also work closely with the Head of Statutory Reporting as well as the various Head of Finance roles within each Business Unit.

The main function of the role is:

Preparing and/or reviewing specific inputs and outputs of the OMLAC (SA) and/or OML consolidation, in accordance with International Financial Reporting Standards, Group accounting policies, Companies Act and JSE Listings Requirements.
Interpretation and communication of complex financial issues and concepts to all stakeholders, including senior management.
Being a subject matter expert on key areas through development of a deep understanding of value drivers, risks and key Audit Committee focus areas.
Understanding and explaining the internal and external business unit and consolidated Group information, both financial and non-financial
The role will also manage and/or support other formal internal and external reporting deliverables including the OML financial statements, SENS announcements as well as the preparation of internal documents to support these deliverables.
The role will also have ad hoc responsibilities with respect to driving/implementing continuous improvements within the Group

Key Result Areas / Outputs:

Financial Reporting

Accountable for the deliverables of the segment consolidation, which includes:

• The statutory OMLAC (SA) and/or OML consolidation supporting monthly reporting and the production of interim and annual financial Accessibility statements and related disclosure supplements of OMLAC (SA) and/or OML.
• Analyze and review the financial performance of the segments forming part of OMLAC(SA) as well as the consolidated Group, preparation of analytical reviews and write commentary as appropriate to assist understanding and insight
• Quarterly consolidation supporting where required
• Identify the need for consolidation journals and correcting entries to segment submissions and the Group consolidation and understand the impact on the Group result
• Preparation and/or review of relevant consolidation journals and consolidation proofs
• Review of business unit submissions, raising and efficient resolution of queries
• Prepare ad hoc information, presentations or reports and provide challenge and explanation to stakeholders where required
• Assist with management of the inter-company matching and eliminations processes
• Manage and maintain Disclosure Management System, the system used for the production of IFRS Financial Statements
• Management and preparation of ancillary information around the interim and year end reporting as appropriate
• Provide guidance to the team and segments on the practical application of technical accounting opinions (e.g. Accounting for business combinations in the Hyperion Financial Management system (HFM) to ensure complete and accurate reporting
• Leading various aspects of the external reporting process for the consolidated OMLAC (SA) and/or OML Group, including analytical review, drafting and completing financial statement disclosure notes, implementation of new accounting standards, and developing efficient data collection mechanisms as appropriate.
• Keeps abreast of current accounting and tax developments Governance & compliance. Integrating accounting, actuarial and tax knowledge in terms of analysis and interpretation of technical issues
• Ensuring compliance with International Financial Reporting Standards, Companies Act, JSE Listings Requirements and Group accounting policies through active engagement with segments, technical accounting, and accounting systems (HFM) teams
• Ensuring HFM structures and Chart of Accounts are accurate by timeously logging amendments as part of the HFM change release cycles
• Pro-actively reviewing and improving the consolidation process, including proposing and testing changes to the consolidation tool (HFM) as required
• Adherence to the financial and internal controls framework for Group Finance
• Management effectiveness
• Creating, maintaining and enhancing productive working relationships with segments and the wider IFRS Financial Reporting Team
• Business partnering with segment accounting teams by actively engaging with them in addressing key issues and providing advice on resolving those issues that may impact on the financial results of the Group
• Managing interdependencies and relationships with key stakeholders such as External Reporting, Internal Reporting, Regulatory Reporting, Balance Sheet Management, Group Actuarial, and Tax
• Liaising with auditors, ensuring the timely and accurate proofs, and audit trail for segment consolidation and the OMLAC(SA) and/or OML annual and interim financial statements
• Understanding the interactions of all financial reporting aspects of the Group and use this knowledge to provide advice to stakeholders as required
• Participating in and/or leading on other ad hoc projects and activities as appropriate
• Manage and prioritize multiple tasks

Skills

Accounting, Budget Management, Business Requirements Analysis, Data Controls, Evaluating Information, Financial Accounting, Financial Acumen, Financial Analysis, Financial Auditing, Financial Modeling, Legal Practices, Managerial Accounting, Policies & Procedures, Report Review

Competencies

Business Insight

Communicates Effectively

Ensures Accountability

Financial Acumen

Manages Complexity

Optimizes Work Processes

Organizational Savvy

Plans and Aligns

Education

Chartered Accountant (Required)

Closing Date

26 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!