Head of OMI Reporting at Old Mutual South Africa

Job Description

Experience, Knowledge & Skills Required ​

• Relevant Bachelor’s degree, preferably CA (SA).
• 10 - 12 years’ internal/external financial reporting experience.
• Strong IFRS and financial reporting, audit & compliance knowledge.
• IFRS 17 and insurance industry experience is preferred. Short term insurance experience preferred but not a requirement.
• Responsible for managing the financial reporting processes to produce the statutory OM Insure and subsidiary entities trial balance and financial statements and to ensure accurate reporting and compliance with accounting standards, systems of internal control, financial regulations and internal standard operating procedures. The role is also critical in managing the external audit process for these statutory entities and requires engagement across Old Mutual Insure Group functions (Tax, Actuarial, Reinsurance) and the business; as well as Old Mutual Group Ltd Group Functions (External Group Reporting).
• Responsible for managing the external and internal financial reporting process to ensure accurate reporting for OM Insure and subsidiary entities.
• Design and lead the implementation of processes to ensure the accurate analysis, review and reporting of financial data in compliance with International Financial Reporting Standards (IFRS), Regulatory and Corporate policies.
• Monitor and maintain reporting calendar, inform relevant parties if necessary and ensure timelines are met.
• Oversee the preparation, review, and dissemination of financial reporting both externally to regulatory bodies and internally to executive management and where applicable, the Old Mutual Limited group. Drive the preparation of financial statements for legal entities and ensure these are prepared in accordance the relevant requirements (including IFRS 17).
• Manage finance inputs into the SAM Reporting process for quarterly and annual submissions.
• Define and lead the execution of a formal process for obtaining and analysing information gathered from various finance, actuarial and business teams for report preparation.
• Establish and maintain a streamlined, system-based solution to enable the efficient co-ordination, consolidation and accurate reporting of financial data under IFRS 17.
• Review internal controls related to the financial statements preparation process and ensure that controls around report preparation processes are at the highest standards.
• Provide variance analysis and research on accounting issues and financial reporting requirements, and interface directly with audit.
• Drive efficiency through automation of business processes.
• Coordinate the year-end financial close and audit process, including preparation of audit packs, responding to auditor queries, and finalisation of statutory financial statements (including engaging with the business to co-ordinate consolidated responses to audit requests).
• Collaborate closely with Group Reporting, Business Finance Partners, and the Actuarial, Reinsurance and Tax functions to ensure alignment and completeness of submissions
• Work with the Capital team to value subsidiary entities and review finance input into Capital Management Committee packs.
• Drive capability building and succession planning within the reporting team to ensure future resilience and talent development.
• Lead and mentor a high-performing financial reporting team including technical accounting and reporting analysts.
• Ensure cost efficiency through financial and corporate governance
• Contribute to the development and implementation of fit for purpose budgets.
• Nurture a culture of high performance
• Align own behaviour with the organisation’s culture and values.
• Build a culture where unique employee experiences can be created, new work experiences can be designed, deep business “know-how” and experiences are openly shared, new ideas are encouraged & implemented without fear of reprisal and where employees feel inspired to enable positive futures through coaching and mentoring.

Skills

• Accounting, Adaptive Thinking, Budget Management, Data Compilation, Data Controls, Evaluating Information, Executing Plans, Financial Accounting, Financial Acumen, Financial Auditing, Financial Modeling, Management Accounting, Numerical Aptitude, Policies & Procedures

Competencies

• Balances Stakeholders
• Business Insight
• Decision Quality
• Ensures Accountability
• Financial Acumen
• Instills Trust
• Manages Complexity
• Optimizes Work Processes

Education

• Bachelor of Commerce Honours (BCom Hons): Finance (Required), NQF Level 9 – Masters

Closing Date

• 20 April 2025 , 23:59