Senior Product Accountant

Old Mutual Life Assurance Company (Malawi) Limited; South Africa; On-site; ZAR 600,000 - 840,000; Full time

Job summary

A leading company in financial services is seeking a Senior Product Accountant to manage the policyholder accounting team. The role involves financial reporting, reconciliations, and stakeholder management, requiring a Chartered Accountant with relevant experience. Join us to contribute towards excellence in financial operations and controls.

Qualifications

• Chartered Accountant or similar qualification required with 4-5 years post-article experience.
• 3 - 6 years relevant experience in financial services.
• Experience with Oracle financials and advanced Excel skills beneficial.

Responsibilities

• Management of policyholder accounting team and review of BAU accounting processes.
• Ownership of predictive accounting specification and ensuring compliance with financial control.
• Drive process improvements and manage team members to ensure accurate reporting.

Skills

Accounting

Analytical Thinking

Data Analysis

Education

NQF Level 8 - Honours or Postgraduate Diploma

Tools

Oracle financials

Excel

Job description

Recruiter Old Mutual Life Assurance Company (Malawi) Limited

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

na

This role, a Senior Product Accountant position in Old Mutual International, is mainly responsible for the management of the policyholder accounting team together with associated BAU and project deliverables which includes but not limited to review of BAU accounting processes, maintenance and implementation of appropriate levels of internal financial control, compliance at an operational level and interpretation of financial data and predictive results.

Key responsibilities will include amongst others:

Financial Reporting

• Review of oracle policyholder ledgers
• Review of disclosure reports to OM Wealth reporting team
• Valuation of Investments according to regulatory and international financial reporting standards
• Review of the PH Asset minus Liabilities calculation
• Ownership of the predictive accounting spec that drives the oracle ledgers
• Ensuring and developing a strong internal control environment through maintenance and continuous improvement of the controls process

Reconciliations

• Review of investments NAV reconciliations on a fund level
• Proper analysis of all Investment balance sheet and income statement accounts for validity, completeness, accuracy, and correct recording into the annual financial statements
• Review and in-depth analysis of Fees including checks on system generated fee calculations.
• Review of policyholder bank account recons as well as presentation of aging to management

Investment Repository

• Review of OMI investment repository and all related disclosure requirements

Stakeholder Management

• Working together with key stakeholders across the business in achieve financial/actuarial/management reporting, financial control, and project objectives.

Other

• Be the business finance lead in Controls Improvement Projects and tasks as required.
• Managing the required outcomes of audits of multiple entities which have different audit engagement requirements.
• Working closely with the operations team and or service providers to ensure the completeness and accuracy of Authorized Custodian as well as Direct Funds holdings data for reporting purposes.

Team Effectiveness

• Drive process improvements and simplification in accounting.
• Demonstrates commitment to implementing new technologies and automation of reporting and processes.
• Managing of team members, provides training and support to junior staff members, to ensure accurate and timely reporting and effective operational delivery.
• Strong interpersonal and communication skills and ability to work in diverse teams as well as independently.

Qualifications and Experience required:

• Chartered Accountant or similar qualification (with 4-5 years post article experience)
• 3 - 6 years relevant years' experience within financial services
• Oracle financials experience would be beneficial.
• Advanced Excel skills would be beneficial.

Skills

Accounting, Action Planning, Analytical Thinking, Budget Management, Computer Literacy, Data Analysis, Database Reporting, Data Classification, Data Compilation, Data Controls, Data Encoding, Data Modeling, Evaluating Information, Numerical Aptitude, Solution Analysis

Competencies

Business Insight

Collaborates

Decision Quality

Financial Acumen

Manages Complexity

Nimble Learning

Optimizes Work Processes

Resourcefulness

Education

NQF Level 8 - Honours or Postgraduate Diploma or equivalent

Closing Date

17 June 2025 , 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!