Financial Accountant

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

Job summary

Old Mutual South Africa is seeking a Senior Financial Accountant within the Shareholder Finance team in Wealth Life. The role partners with multiple stakeholders, overseeing governance and delivering accurate financial, management, and regulatory reporting.

Responsibilities include assessing financial results with insightful commentary, implementing automation, strengthening internal controls, and supporting audits and planning cycles to drive performance.

Qualifications

• CA(SA) with 2–5 years post-article experience
• Experience in financial services
• IFRS 9 and IFRS 17 knowledge advantageous
• HFM experience desirable
• Strong Excel skills and Power BI familiarity

Responsibilities

• Ensure timely delivery of financial, management and regulatory reporting.
• Prepare management reports with commentary on financial results.
• Drive automation of reporting processes and implement improvements.
• Maintain internal controls and reconciliations.
• Support internal and external audits and assist in business planning.

Skills

Excel

IFRS knowledge

Financial reporting

Analytical skills

Problem solving

Team player

Education

Chartered Accountant (CA SA)

Tools

Oracle

HFM

Power BI

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 will report to and work closely with the Senior Financial Accountant of the Shareholder Finance team in Wealth Life as well as various stakeholders of the shareholder team including the policyholder accounting team, investments team, tax team and enablement teams. This role combines both operational and reporting responsibilities while also managing governance and compliance at an operational level. This position is individually accountable for achieving results through self and others.

Key Responsibilities

• Ensuring the timeous and accurate delivery of key financial reporting, management reporting and regulatory reporting deadlines which include but are not limited to Oracle, HFM, regulatory and KPI reporting.
• Prepares management reporting and provides commentary on financial results and implications (financial reporting and management reporting).
• Demonstrates commitment to implementing new technologies and automation of reporting and processes.
• Demonstrate initiative in identifying opportunities for improvement, constructively challenge existing processes and ways of working and propose practical solutions to improve efficiency, quality and control.
• Ensuring and developing a strong internal control environment through maintenance and continuous improvement of the controls process. This includes the preparation and review of reconciliations and all other types of controls.
• Generating BAU and ad hoc internal management reports for key stakeholders
• Participating in internal and external audit cycles
• Participates in the preparation the business plan and assists in communication with the business on key areas of delivery and change.
• Prepares detailed analysis against the business plan to provide insight into the entity’s performance.
• Prepare tax (ABU) calculations and analyse movements in tax funds.
• Continuous evaluation of finance processes and driving process optimisation within the team
• Providing guidance, support and oversight to junior team members, where applicable, to support accurate and timely reporting and effective operational delivery.
• Working together with key stakeholders across the business in achieve financial/actuarial/management reporting, financial control, and project objectives.
• Providing input into ad hoc projects, directly within the business or the broader segment finance team
• Monitoring, analysis and reporting of cash using forecasts and analysis
• Preparation of statutory submission.
• Ability to investigate, analyse and communicate outcome of this work for the resolving of errors.

Qualifications & Experience

• Chartered Accountant (2-5 years relevant post article experience)
• Previous financial services experience
• Previous experience with IFRS 9 and IFRS 17 advantageous.
• HFM experience is desirable.
• Strong Excel skills with an aptitude and eagerness to learn various IT applications and platforms to enable process efficiencies. PowerBi (or similar tools) experience preferred.
• Experience using Oracle
• Experience in product accounting advantageous
• Familiarity with Five Fund Tax calculations
• Proactive, data-driven approach with strong problem-solving skills.
• Meticulous with a strong focus on accuracy and compliance.
• Strong team player who fosters a cooperative work environment.
• Able to quickly adjust to changing priorities and business needs.
• Capable of effectively managing multiple priorities simultaneously
• Excellent ability to structure work, prioritise tasks, and meet deadlines.
• Proactively identify opportunities for improvement, constructively challenge existing ways of working and take ownership of implementing practical solutions.
• Proven capacity to work under pressure and deliver results within tight timeframes.
• Emotionally intelligent management of staff that encourages a high-performance culture.

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

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

Closing Date

14 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!