Senior Management Accountant

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

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The role is that of a senior 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, a passion for expense management and process automation, driving reporting timelines of financial results and execution on the business plan, while managing governance and compliance at an operational level. This position is individually accountable for achieving results through self and others.

Key responsibilities will include amongst others:

• Lead month-end close processes, ensuring the validity, accuracy, and completeness of transactions across the general ledger, including expense-related entries within broader segment entities.
• Apply in-depth expertise in complex journal entries, including IFRS 2 (Share-Based Payments), IFRS 16 (Leases), and long-/medium-term incentive schemes.
• Review and prepare monthly expense allocations within the segment, requiring a comprehensive understanding of allocation methodologies and IFRS 17 (Insurance Contracts). Support the annual review and implementation of revised methodologies.
• Produce internal financial and management reports, including presentations with detailed commentary to inform decision-making.
• Review monthly Balance Sheet and Income Statement reconciliations, maintaining strong financial controls and driving corrective actions through collaboration with stakeholders.
• Partner with diverse stakeholders to manage expenses, focusing on driving cost efficiencies and providing insightful commentary to support effective expense governance across the business.
• Provide comprehensive expense management, financial oversight, and process support to the business.
• Monitor adherence to Group expense policies, escalating instances of non-compliance to ensure proper governance.
• Drive expense governance in collaboration with business stakeholders and budget center owners.
• Develop and prepare the business plan, ensuring alignment with strategic objectives, and support effective communication with stakeholders on key areas of delivery and organizational change.
• Provide inputs into the quarterly expense forecasting process to support accurate financial planning.
• Identify risks proactively and implement reconciliations and controls to safeguard financial integrity.
• Champion process improvements and efficiencies to optimize expense management practices.
• Serve as the primary liaison for audits, ensuring alignment with Group audit requirements and sign-off.
• Manage and support team members by providing training, guidance, and mentorship to junior staff, ensuring accurate and timely reporting as well as effective operational delivery.

Personal/Team Effectiveness:

• 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.
• Curious, tenacious, confident, solutions-oriented, resilient.
• Strong communication skills.

Qualifications and Experience required

• Educational Background – Bachelor of Commerce in Accounting or equivalent qualification.
• Professional Experience – Minimum of 10 years in a comparable role, demonstrating extensive financial and accounting expertise.
• Technical Knowledge -
  • Proven experience with IFRS 16 (Leases) and IFRS 2 (Share-Based Payments, Incentive Schemes).
  • Working understanding of IFRS 17 (Insurance Contracts) considered advantageous.
• Advanced Excel Proficiency – Strong ability to manage, analyze, and interpret complex data sets.
• Oracle Financials Knowledge – Experience with Oracle Financials systems is advantageous.
• Expense Management & Allocations – Proven track record in handling expense processes and allocation methodologies.
• Stakeholder Engagement – Skilled at building and maintaining productive relationships across diverse business units, securing alignment and commitment.
• Analytical & Decision-Making Skills – Strong capability in monitoring information, identifying trends, and making sound business decisions.
• Communication Excellence – Effective written and verbal communication skills, with the ability to convey complex information clearly.
• Resilience Under Pressure – Adept at managing conflicting priorities and delivering results in high-pressure environments.

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 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

11 June 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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