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Senior Financial Accountant

3 weeks ago

Cape Town, Western Cape, South Africa Old Mutual Limited Full time

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

  • CA / Business degree with approximately 5 years' commercial experience.
  • Strong financial expertise and experience.
  • Ability to implement and maintain tight internal controls for financial function.
  • Strong analytical abilities.
  • Understands business principles and practice and makes sound commercial and strategic decisions after consideration of the competitive environment, even under conditions of uncertainty.
  • Integrity.
  • Strong leadership and performance management skills.
  • The ability to create a highly motivated, skilled and effective team.
  • Challenges the 'status quo' and drives for and implements effective change.
  • Understands and manages the organizational implications of events and the power and influence relationships within the organization.
  • Considers and takes account of the likely effects on others of one's actions, words, appearance and mode of behaviour.
  • Good interpersonal skills, and the ability to relate across functions.
  • Understanding of project finance.
A vacancy has arisen for a Senior Financial Accountant for Old Mutual Property also known as Old Mutual Real Estate Holding Company (OMREHC) (Pty) Ltd.

This role will report to the Finance Manager of Old Mutual Property and will be responsible for the financial management reporting (both management and IFRS) of the South African investment properties, the holding company as well as the related South African subsidiary and joint venture entities within the Group. In addition to this, the role will be responsible for overseeing the Direct fund (i.e. OMLACSA directly owned) properties and related reporting. The role will manage a team of 3 financial accountants.

The role is individually accountable for achieving results through others, over periods of 3 months to a year. The focus is the following: preparation of Group reporting, management reporting, tax returns and Annual Financial Statements as well as execution of the business plan and for governance and compliance at an operational level. In addition, the implementation and maintenance of accounting processes, systems and controls is a key component of the role.
  • Analysis of financial accounting results to ensure validity, accuracy and completeness of financial information and advises on corrective action to be taken.
  • Responsible for researching, analysing and providing relevant information.
  • Makes recommendations regarding investment attractiveness of private equity deals.
  • Analyses unlisted companies positions within its industry, sales & profit estimates, projected rates of return on capital, total equity, asset utilisation & leverage.
  • Communication focusing on transferring of relatively complex information.
  • Responsible for audit liaisons as tax, legislative and statutory requirements.
  • Timeous and accurate reporting to management, shareholders, the board of directors and the lenders.
  • Responsible for cash management and any capital requirements from time to time.
  • Ensures tax and other regulatory and statutory requirements are adhered to.
  • Accountable for governance and compliance at an operational level.
  • Coordinates the various administration and reporting requirements for Management and Statutory Reporting.
  • Participation in annual Budget and Quarterly Forecast setting process.
  • General ledger control.
  • Application of applicable regulatory and other reporting standards to financial information (IFRS, FSB).

Key result areas and work descriptors

Financial Analysis

  • Provides commentary on financial results and implications and advises on corrective action to be taken.
  • Develop reports and interpret cost drivers, KPIs and benchmarks.

Financial Control

  • Maintains suitable financial control environment.
  • Analysis and reports on variances.
  • Responsible for audit liaisons as tax, legislative and statutory requirements.

Governance & Compliance

  • Accountable for governance and compliance at a senior operational level.

Management Reporting

  • Generates internal management reports.
  • Interacts with business unit line managers on financial outcomes, expense trends, etc.

Team Effectiveness

  • Individually accountable for others' time, tasks and output quality, over periods of three months to a year.
  • Balances own priorities with directing and motivating others.
  • Plans & assigns work over periods of three months to a year.
  • Guides and directs staff to achieve operational excellence standards.
  • Creates a climate for optimal performance.

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 InsightCollaboratesDecision QualityFinancial AcumenManages ComplexityNimble LearningOptimizes Work ProcessesResourcefulness

Education

NQF Level 9 – Masters

Closing Date

18 November 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.

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