Finance Manager at Old Mutual South Africa

Job Description

This role is responsible for delivery of the financial accounting/ control function in the organisation through other managers and their teams.

• Takes ownership of the Rest of Africa (RoA) segment financial statements (Income statement and balance sheet) and ensures compliance with accounting standards.
• Responsible for the consolidation of RoA results (timing and quality of reporting), to Segment Executive and OML reporting teams.
• A key component of the role is to implement the Group framework on improving the reporting process and internal financial controls across the RoA business.
• Guides systems and process development and ongoing improvements.
• Application and implementation of OML/IFRS Accounting policy & ensure consistency through collaborating with the country teams and with IT that we have the efficient and effective financial information systems and architecture in the countries.
• Manages a team of accountants and accounting specialists.
• Keeps abreast of current accounting and tax developments.

• Financial Analysis

  • Analyse financial records such as income and expense trends

  • Review financial drivers and results and recommends further actions

  • Run the quarterly analytical review process with in-country CFOs and coordinates sign-off by the RoA CFO

  • Assist in deciding on the financial and business viability of new and existing projects and programmes

• Financial Control

  • Carries overall responsibility for the preparation and quality of financial statements.

  • Responsible for the financial accounting/control function in the business unit through other managers and their teams.

• Governance and Compliance

  • Works with the ROA Tax team to ensure tax, legislative and statutory requirements are met.

  • Liaises with internal auditors.

  • Responsible for driving maturity of finance internal controls (DCT)

  • Develop reporting dashboards in respect of RoA internal controls

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• Financial Reporting and Consolidation

  • Prepare monthly report for use by RoA Exco

  • Prepare monthly slide decks for RoA Exco and Group team

  • Prepare inputs into the interims and year end segmental report for OML

  • Consolidate and review the segmental reports for RoA quarterly trading updates;

  • Support and manage the chart of accounts and financial hierarchies for consolidation and external reporting;

  • Manage the consolidation of the RoA’s results and prepare the financial sections and any required supporting analysis;

  • Conduct detailed review and investigation of variance analysis schedules;

  • Perform monthly and year-end close processes;

  • Provide HFM support to countries;

  • Provide technical accounting assistance to countries;

  • Assess the accuracy and completeness of financial statements and accounting records, ensuring countries resolve all identified issues;

  • Plan and coordinate monthly, quarterly, interim, year-end processes (based on OML group finance timelines, compile reporting instructions and project manage reporting process) to ensure deadlines are met;

  • Assist countries implement new IFRS standards;

  • Compile KPI reports together with management reporting team and analyse financial trends;

  • Assist countries with transformation of finance function (people, processes and systems)

• Team effectiveness

  • Manage, lead and develop immediate team and specialists under supervision.

  • Drive operational excellence through area of supervision.

  • Select potential candidates to sustain pipeline and manage day-to-day staff administration in respect of direct reports