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Old Mutual is an international investment, savings, insurance and banking group. For over 170 years we have been serving the growing insurance and investment needs of our customers, helping them achieve their lifetime financial goals.
Role overview
Primary responsibilities include the managing and leading of Old Mutual’s General Ledger Maintenance Team alongside the supervision of the operations of Oracle sub-modules and the SMEs responsible for each sub-module.
Skilled experience with communication, collaboration and service delivery are required as the role engages with stakeholders across different teams (Finance and IT), various seniority levels and business units throughout the OML Group.
Primary Responsibilities
Leadership and Team Management:
- Lead and supervise a team of finance professionals.
- Set clear goals and expectations for the team.
- Foster a collaborative and high-performance team culture.
General Ledger Management:
- Oversee the maintenance and accuracy of the general ledger.
- Ensure timely and accurate recording of financial transactions.
- Review and approve journal entries, ensuring compliance with accounting standards.
- An understanding of the following Oracle Financials Cloud Modules: General Ledger, AHCS, AGIS, Accounts Payable, Fixed Assets and Accounts Receivable, as a Subject Matter Expert.
- Appreciate and ensure quality of data to downstream processes and systems which require the GL data for Financial Reporting.
Process Improvement:
- Identify and implement improvements to enhance efficiency and accuracy in general ledger processes.
- Stay updated on industry best practices and technological advancements, with a focus on Oracle Financials Cloud.
Compliance and Controls:
- Establish and enforce internal controls to safeguard financial data
- Ensure compliance with accounting regulations and standards.
- Collaborate with internal and external auditors during audits.
System Maintenance and Upgrades:
- Oversee the maintenance and proper functioning of the General Ledger module in the financial system.
- Coordinate system upgrades and enhancements, working closely with IT teams.
Training and Development:
- Provide training and guidance to team members on accounting principles and system use.
- Encourage continuous learning and development within the team.
Cross-Functional Collaboration:
- Collaborate with other departments, such as IT and Compliance to ensure integrated and cohesive financial processes.
- Work with business partners to understand and address their financial reporting needs.
Problem Resolution:
- Address and resolve issues related to the general ledger promptly.
- Investigate discrepancies and implement corrective actions in collaboration with the IT Support teams.
Risk Management:
- Identify and mitigate risks associated with general ledger processes.
- Develop and implement risk management strategies.
Communication:
- Communicate financial information and updates effectively to internal stakeholders.
- Act as a liaison between the finance team and other departments.
Key Result Areas
This role supports the Head of Finance Operations to enable the business within the Oracle Financials landscape and includes but is not limited to:
- General Ledger Management
- Custodian of the 0140 Trial Balance and all accounts that feed into the general ledger
- People management
Requirements: Skills, Qualifications and Experience required
- Qualified CA(SA) with minimum 3 to 5 years post qualification experience
- Strong preference for Oracle Financials experience (or similar Finance ERP experience.
- Oracle system knowledge
- Proficiency in Word, Excel and PowerPoint.
- Ability to develop and manage relationships with multiple stakeholders in the business, demonstrating excellent communication skills and ability to stand their ground when dealing with business unit heads.
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