Senior Accountant - OMLAU

Lets Write Africa's Story Together!

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

Job Description

The Senior Accountant is responsible for accurate financial reporting, maintaining strong financial controls, ensuring regulatory compliance and supporting the efficient operations.

KEY RESPONSIBILITIES

Financial Reporting

• Prepare accurate monthly, quarterly, and annual financial statements in accordance with IFRS and company policies.
• Support the preparation of IFRS 17 financial reports and other statutory reporting requirements.
• Prepare IFRS 17 Risk-Based Supervision (RBS) returns.
• Produce timely management reports and analyse financial performance, highlighting key variances and recommending corrective actions.
• Support budgeting, forecasting, and financial planning processes.

Accounting Operations

• Oversee day-to-day accounting operations, ensuring completeness and accuracy of financial records.
• Coordinate the monthly and year-end close process.
• Review account reconciliations and ensure timely resolution of outstanding items.
• Coordinate complex accounting assignments and support cross-functional finance initiatives.

Financial Controls & Compliance

• Maintain an effective financial control environment through regular review and improvement of accounting processes and controls.
• Document, implement, and monitor internal controls to support internal and external audit requirements.
• Ensure compliance with International Financial Reporting Standards (IFRS), the Insurance Act, tax legislation, and other applicable regulatory requirements.
• Implement audit recommendations and support continuous improvement initiatives.

Treasury, Investments & Credit Management

• Monitor company investments to ensure compliance with the Company's Investment Policy Statement and applicable regulatory requirements, providing monthly reports to management.
• Support effective credit management by monitoring receivables and implementing approved credit control strategies.
• Monitor operating expenses and support cost management initiatives in line with the Company's financial objectives.

Audit & Stakeholder Management

• Coordinate internal and external audits and ensure timely provision of required documentation.
• Liaise with regulators, auditors, banks, tax authorities, and other stakeholders on finance-related matters.
• Ensure timely submission of statutory and regulatory returns.

Team Leadership

• Supervise and support junior accounting staff to ensure high-quality service delivery.
• Coach and mentor team members, promoting continuous learning and high performance.
• Foster teamwork and encourage adherence to company values and professional standards.

ANTI-MONEY LAUNDERING (AML) EXPECTATION

The incumbent will be responsible for ensuring adherence to, implementation of, and adoption of Compliance, Anti-Money Laundering (AML), and Sanctions-related policies, procedures, and process requirements within Old Mutual and its subsidiaries. This includes execution of customer due diligence processes, ensuring compliance with Know-Your-Customer (KYC) standards, conducting ongoing and enhanced due diligence, and maintaining data quality. Additionally, the role involves identifying and monitoring potential AML, Sanctions, or Compliance breaches and unusual activities, and escalating these concerns to the Risk and Compliance Office for further action.

KEY COMPETENCIES

• Strong financial and commercial acumen.
• Excellent analytical and problem-solving skills.
• High attention to detail with strong accuracy.
• Excellent interpersonal and stakeholder management skills.
• Strong leadership, coaching, and people management capabilities.
• Ability to work under pressure and meet demanding deadlines.
• Excellent communication and presentation skills.
• High levels of integrity, professionalism, and accountability.
• Strong planning, organisation, and project management skills.
• Sound knowledge of IFRS (particularly IFRS 17), taxation, and insurance regulatory requirements.

EDUCATION AND QUALIFICATIONS

• Bachelor's degree in Finance, Accounting, Business Administration, Commerce or a related field.
• Professional accounting qualification such as ACCA or CPA (required)

EXPERIENCE

• 5–7 years of progressive accounting and finance experience.
• At least 2–3 years in a supervisory or finance management role.
• Demonstrated experience in:
  • IFRS financial reporting (experience with IFRS 17 is highly desirable).
  • Preparation and review of financial statements.
  • Monthly and year-end financial close processes.
  • Account reconciliations and financial controls.
  • Budgeting, forecasting, and financial planning.
  • Taxation and statutory compliance.
  • Internal and external audit coordination.
• Experience within the insurance or financial services industry will be an added advantage.

 

 

Skills

Accounting, Accounting Processes, Budget Management, Financial Management, Financial Reports, Internal Controls, Management Reporting

Competencies

Builds Networks

Business Insight

Collaborates

Courage

Drives Results

Ensures Accountability

Financial Acumen

Manages Complexity

Education

Bachelors Degree (B): Business Administration (Required), Bachelors Degree (B): Finance (Required)

Closing Date

12 July 2026 , 23:59

The Old Mutual Story!