Product Accountant -Cape Town

Old Mutual Life Assurance Company (SA) Ltd; Cape Town; On-site; ZAR 900,000 - 1,200,000; Full time

Job summary

Old Mutual Life Assurance Company (SA) Ltd in Cape Town seeks a Product Accountant to oversee financial control, reconciliation and reporting for investment products on the Stadium platform. You will collaborate with Finance, Operations, Actuarial, Audit and Technology to ensure regulatory compliance.

The role focuses on governance, control effectiveness, and process ownership across key accounting processes with interactions at senior levels.

Qualifications

• Bachelor of Commerce or equivalent financial qualification.
• Minimum of 5 years in finance, accounting or product accounting.
• Experience in financial services is advantageous.
• Experience with reconciliations, governance and controls.

Responsibilities

• Analyze financial information to identify trends and opportunities.
• Provide commentary on financial results and corrective actions.
• Generate and report financial information and variances.
• Ensure controls operate effectively and investigate reconciling items.
• Own key accounting processes and drive remedial actions.
• Review team work for control effectiveness and accuracy.
• Interact with auditors, actuaries and senior stakeholders.
• Support management reporting and financial position of products.

Skills

Financial Analysis

Internal Controls

Governance

Management Reporting

Accounting

Auditing

Excel

Data Analysis

Education

BCom/Accounting

CA(SA) or progress toward

Tools

Excel

Investment administration

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.

The Product Accountant is a key member of the SAT Finance team, reporting to the Senior Product Accountant. The role is responsible for the financial control, reconciliation, reporting, governance and accounting oversight of investment products administered across the Stadium platform and other related systems. The successful candidate will work closely with Finance, Operations, Actuarial, Audit and Technology teams to ensure robust financial control, process excellence and regulatory compliance.

Responsibilities

• Financial Analysis Analyses business, financial, control and general operating information to identify trends and opportunities for development and/or correction.
• Provides commentary on financial results and implications and advises on corrective action to be taken.
• Generates financial information.
• Financial Control Analyse and reports on variances.
• Ensures all controls and working optimally and effectively.
• Ensures all reconciling items are identified and investigated.
• Understand root causes of reconciling items and agrees on remedial action with relevant parties/vendors to eliminate reoccurrence.
• Performs testing and provide sign-off of remedial action before implementation into production.
• Drive implementation of remedial action and ensure that it is delivered successfully within agreed timelines.
• Responsible for the process ownership of key accounting processes on behalf of the wider business, and will thus champion the implementation, measurement and improvement of this/these processes.
• Reviews work performed by team members to ensure that the controls have operated effectively.
• Key involvement in projects.
• Governance and Compliance Accountable for governance and compliance at an operational level.
• Maintains suitable financial control environment.
• Monitor effectiveness of controls and identify and implement any additional controls required.
• Monitors internal controls and reporting on controls and processes, as well as recommending and implementing amendments to internal controls where appropriate.
• Responsible for audit liaisons as per tax, legislative and statutory requirements and manages the external audit interaction and deliverables.
• Management Reporting Generates internal management reports to report on internal controls and processes, as well as the financial position of the products.
• Interacts with business unit line managers on financial outcomes, expense trends, etc.
• Provides financial assistance and training to finance teams.
• Provides assistance to the actuaries, auditors and other parties requiring information as needed.

Skills

Accountable, Accounting Processes, Auditing, Finance, Financial Analysis, Financial Analysis and Reporting, Financial Controlling, Internal Controls, Internal Reporting, Management Reporting, Patient Outcomes, Prioritization, Process Ownership, Strategic Planning Education & Experience Required Bachelors Degree (B), with at least 5 years’ relevant experience preferably in a financial services environment.

Role Minimum Requirements

• Bachelor of Commerce (BCom), BCom Accounting, B Compt or equivalent financial qualification.
• Minimum 5 years' relevant finance, accounting or product accounting experience.
• Financial services industry experience will be highly advantageous.
• Experience managing reconciliations, financial controls and governance processes.
• Proven experience interacting with auditors, actuaries and senior stakeholders.
• Strong Microsoft Excel, financial reporting and data analysis skills.
• Experience with investment administration or product accounting environments would be advantageous.
• CA(SA) qualification or progress towards a professional accounting designation would be beneficial.

Competencies

• Business Insight
• Communicates Effectively
• Decision Quality
• Ensures Accountability
• Financial Acumen
• Manages Complexity
• Plans and Aligns Tech Savvy

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.

Education Bachelors Degree (B) Closing Date 18 November 2026 , 23:59

The Old Mutual Story!

Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending. We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.