Assistant Financial Accountant (4 month contract) at Old Mutual South Africa

Job Description

This role is accountable for the end to end internal and external reporting for subsidiaries of Old Mutual. It includes accounting transactions, reporting, tax calculations and submission.

Key Result Areas:

Financial Reporting

• Compiles and populates records to trial balance level.
• Prepares draft income statement and balance sheet.

Reconciliations

• Ensures accurate reconciliations are done and followed up.
• Reviews control accounts and reconciliations.

Specific to the role:

• Perform journals from bank statement movements and other sources
• Processes journal entries in relation to these entities, timeously and accurately.
• Performs calculations to determine financial transactions required
• Ensures that the financial records, including the trail balance is valid, accurate and complete.
• Performs inter-company reconciliations and confirmation of balances, and corrects mismatches timeously.
• Reconciliation of all Balance sheet accounts, including bank account, ensuring that reconciling items are constantly monitored and actioned, and that there are no long outstanding reconciling items.
• Follows up on long outstanding debt owed to and by the business unit
• Prepares documentation for payments on behalf of entities
• Prepares, and submits within agreed deadlines:
• HFM Submissions (Monthly, Half Yearly, Annually)
• Disclosure submissions
• Analytical Reviews
• Tax packs
• CFO sign off
• Assist with preparation of business plan and quarterly forecasts
• Produces Balance sheet reports
• Prepare VAT calculation
• Complete VAT and Tax submissions
• Assist with preparation of the annual financial statements and running of audits until completion
• Compile monthly management accounts including analytical commentary

Role Qualifications, Skills & Experience

• B.Com qualification or higher
• 3-5 years’ relevant finance experience
• Oracle and HFM knowledge is a distinct advantage

Technical Competencies

• Transactional Accounting
• Professional Accounting Standards
• Financial Reporting
• Business Planning, Forecasting and Budgeting
• Financial and Variance Analysis
• Internal Control & Risk Management
• Taxation Statutory Returns