Consolidation Reporting Business Partner

Old Mutual South Africa; Johannesburg; On-site; ZAR 900,000 - 1,300,000; Full time

Job summary

Old Mutual South Africa in Johannesburg seeks a Financial Accountant to join the Group Financial Control team. The role partners with Group Consolidation, Statutory Reporting and cross-functional Finance heads to deliver IFRS-compliant financial statements and timely disclosures.

You will drive consolidation, journals, inter‑company eliminations, and provide expert guidance on technical accounting issues while continuously improving reporting processes.

Qualifications

• Chartered Accountant designation required.
• Experience in financial consolidation and reporting.
• Strong IFRS and Companies Act knowledge.

Responsibilities

• Prepare consolidation and IFRS reporting under OML group.
• Analyse financial performance of segments and provide insightful commentary.
• Manage inter-company eliminations and consolidation journals.
• Prepare and review annual and interim financial statements for the Group.
• Lead external reporting processes and disclosures (SENS, notes).
• Support improvements and governance within Group Financial Control.

Skills

Accounting

Budgeting

Financial Analysis

Financial Modelling

Managerial Accounting

Policies

Reporting

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

• 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.

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