Lead: Financial Reporting at Old Mutual South Africa

Job Description

Responsible for the overall supervision of the statutory accounts as well as internal an external reporting required by the Old Mutual Insure group. To partner with the business with the financial knowledge and advice, as well as develop supporting processes that continuously enhance the delivery of financial information.

Business Management support

• Manage the monthly financial close process, including ensuring all transactions are recorded accurately and in line with IFRS principles.

• Manage daily activities to ensure accuracy and completeness of financial information.

• Produce and distribute monthly financial reports (internal and external) inclusive of commentary and facilitate all queries.

• Ensure that all reconciliations (balance sheet and income statements) are produced are accurate and are reviewed on a timely basis.

• Ensure Group/Cell reporting is accurate, on time and in line with group/cell requirements.

• Co-ordinate and review all queries received by the holding company/cells.                         

• Ensure implementation and adherence to finance policies, procedures and systems across all teams

• Draft Annual report (consolidation) as well as standalone annual financial statements within the appropriate accounting framework (IFRS and IFRS for SME's),

• Oversee and coordinate internal/external audits and ensure all business information provided is in line with the needs of the audit.

Continuous improvement to ensure effective service

• Ensure proper procedures and systems are being maintained to ensure accurate reporting and accounting statutory finance, in compliance with the company policies and statutory and regulatory standards and requirements

• Ensure adherence to organisational policies, practices, guides, mandates and procedures.

• Identify solutions to enhance cost effectiveness and increase operational efficiency.