Management Accountant

Old Mutual Limited; Cape Town; On-site; ZAR 600,000 - 900,000; Full time

Job summary

Old Mutual Limited in Cape Town is seeking a Management Accountant within the Wealth Management Expenses team. You will handle month-end close, expense allocations, budgeting/forecasting, and management reporting, engaging with multiple stakeholders across the organisation on expense topics.

The role requires a BCom in accounting and at least 5 years in a management accounting role, IFRS 16/IFRS 2 experience, strong Excel, and the ability to deliver accurate analysis under tight deadlines.

Qualifications

• BCom accounting or similar.
• At least 5 years’ experience in a Management Accounting role.
• IFRS 16 and Incentive Scheme (IFRS 2) experience required. IFRS 17 understanding beneficial.
• High proficiency in Excel skills required.
• Oracle Financials experience would be beneficial.

Responsibilities

• Manage month-end close ensuring validity, accuracy and completeness of transactions in the general ledger.
• Prepare complex journals (IFRS 2, IFRS16, Incentive schemes).
• Review and prepare monthly expense allocations across segments and understand IFRS17 methodology.
• Generate internal financial/management reports and commentary.
• Monthly balance sheet and income statement reconciliations with controls.
• Distribute budget variance reports to Exco with commentary.

Skills

Accounting

Stakeholder management

Decision making

Planning

Education

BCom accounting

NQF Level 7

Tools

Excel

Oracle Financials

Job description

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

The role is that of a management accountant within the Old Mutual Wealth Management Expenses team with functions including Management Reporting, Expense Management, Budgeting/Forecasting, Expense Allocations, Financial Analysis/Interpretation of results and Adhoc Projects.

This role requires an energetic self-driven individual that enjoys engaging with various stakeholders across the organisation on various expense related topics.

Key responsibilities will include amongst others:

• Managing month-end closure. Ensures validity, accuracy and completeness of transactions in the general ledger. This extends to general ledgers in the broader segment entities, in relation to expenses.
• Preparation of complex journals such as IFRS2, IFRS16 and Long-/Medium term incentive schemes.
• Review/Prepare monthly expense allocations within the segment. This requires a full understanding of the allocation methodology, including understanding of IFRS17 methodology, within the Segment. Assist with the annual review and implementation of revised methodology.
• Generate internal financial/management reports and presentations including commentary.
• Monthly Balance Sheet and Income Statement reconciliations – Review, maintain suitable financial control and drive corrective action through others.
• Distribute budget variance reports to Exco and various stakeholders with commentary to enable the business to manage expenses appropriately.
• VAT – good understanding of VAT treatment, regular review of treatment and drive system updates where necessary. Assist with annual VAT apportionment review.
• Expense Management/Financial/Process support to the business.
• Monitoring application of expense Group Policies, and elevate instances of out of policy expenditure.
• Drive expense governance with the various business stakeholders and budget centre owners.
• Manage reporting and budget centre owner hierarchies.
• Co-ordination of the financial requirements and deliveries for expense budgets during the Annual Business Planning cycle.
• Assist with the quarterly expense forecasting process.
• Identify risks and proactively implement reconciliations and controls.
• Drive process improvements and efficiencies.
• Responsible for audit liaisons which is aligned to Group audit sign off.
• Drive annual review process of procurement credit cards and fixed assets
• Cashflow management.
• Short Term Incentive reconciliation process to be performed annually to align accounting and account for over/under provision accurately.
• Ability to work in a fast-paced environment, with multiple priorities and deliveries with tight deadlines.
• Individually accountable for tasks.
• Effective time-management.
• Proactive, eager to learn and share knowledge.
• Systematic, methodical and attention to detail.
• Strong work ethic, self-motivated and high standards of achievement.
• Drive process improvements and efficiencies.
• Trustworthy, dependable, accountable, team player.

Qualifications and Experience required:

• BCom accounting or similar.
• At least 5 years’ experience in a Management Accounting role.
• IFRS 16 and Incentive Scheme (IFRS 2) experience required. IFRS 17 understanding beneficial.
• High Proficiency in Excel skills would be required.
• Oracle Financials experience would be beneficial.
• Previous Expense management and Allocations experience required.
• Ability to build relationships across the business with various stakeholders and gain commitment.
• Strong information monitoring skills and decision making.
• Ability to deal with conflicting deliveries and working in a high pressured environment.

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

Business Insight

Communicates Effectively

Decision Quality

Ensures Accountability

Manages Complexity

Plans and Aligns

Tech Savvy

Education

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

​Closing Date

04 September 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. _

Old Mutual South Africa is a leading pan-African financial services group providing diverse financial solutions to enhance the lives of customers across 14 countries for over 170 years.

Company size 10,001+ employees

Company type Public company

Total funding 0

Momentum

Team growth

Momentum

Team growth

6% in 12 mo

18,007 employees on LinkedIn

Capital

Funding history

Footprint

Where they work

107 Rivonia Road, Sandton, Gauteng 2196, ZA Jan Smuts Drive, Pinelands, Cape Town, Western Cape 7405, ZA