Product Accountant at Old Mutual

Job Description

Accounting Records

• Responsible for creating, verifying, and maintaining accounting records.
• Implements accounting processes, systems, and controls for product.
• Provides commentary on financial results and implications and advises on corrective action to be taken.
• Generates financial information.
• Analyses and reports on variances.

Financial Control

• Performs a root cause analysis of all reconciling items to identify the appropriate remediation required.
• Monitors the remediation to ensure that all remediation is being actioned correctly within agreed timelines.
• Maintains suitable financial control environment.
• Understand root causes of reconciling items and agrees on remedial action with relevant parties/vendors to eliminate reoccurrence.
• Monitor effectiveness of controls and identify and implement any additional controls required.
• Performs testing and provide sign-off of remedial action before implementation into production.
• Key involvement in projects.

Governance and Compliance

• Accountable for governance and compliance at an operational level.
• Maintains suitable financial control environment.
• Monitor effectiveness of controls and identify and implement any additional controls required.
• Responsible for audit liaisons as per tax, legislative and statutory requirements and provide input into the audit process.

Management Reporting

• Generates internal management reports to report on internal controls and processes, as well as the financial position of the products.
• Interacts with business unit line managers on financial outcomes, expense trends, etc.
• Provides financial assistance and training to segment finance teams.
• Provides assistance to the actuaries, auditors and other parties requiring information as needed.

Role Minimum Requirements:

• Financial Tertiary Education (B. Com., B.Compt., etc.) with at least 5 years’ relevant experience preferably in a financial services environment.
• Articles would be advantageous.
• Action orientation, self-starter, decisive and fast paced.
• Ability to work under pressure.
• Superior analytical and interpretation skills.
• Excellent interpersonal and relationship building skills.
• Verbal and written communication skills.
• Ability to interact at all levels with stakeholders.
• Solid planning, organising and time-management skills.
• Must be an innovative and strategic thinker.
• Good application of business principles
• Attention to detail

Responsibilities

Financial Policies, Guidelines, and Protocols

• Create a plan to deliver and review financial policies, guidelines, and protocols to ensure the company complies with regulations and good financial practice.

Financial Management and Control

• Develop and/or deliver a plan for significant aspects of the financial management and/or control process.

Financial Information Systems

• Support the implementation of financial systems process changes and enhancements; ensure all changes are effectively implemented.

Data Collection and Analysis

• Conduct research using primary data sources, and select information needed for the analysis of key themes and trends.

Leadership and Direction

• Communicate the local action plan; explain how this relates to the function's strategy and action plan and to the broader organization's mission and vision; motivate people to achieve local business goals.

Operational Compliance

• Maintain and renew a deep knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct, and ensure own work adheres to required standards.
• Or identify, within the team, patterns of noncompliance with the organization's policies and procedures and with relevant regulatory codes and codes of conduct, taking appropriate action to report and resolve these and escalating issues as appropriate.

Performance Management

• Develop and propose own performance objectives; take appropriate actions to ensure achievement of agreed objectives, using the organization's performance management systems to improve personal performance.
• Or manage and report on team performance; set appropriate performance objectives for direct reports or project/account team members and hold people accountable for achieving them, taking appropriate corrective action where necessary to ensure the achievement of team/personal objectives.

Organizational Capability Building

• Use the organization's formal development framework to identify the team's individual development needs.
• Plan and implement actions to build their capabilities.
• Provide training or coaching to others throughout the organization in own area of expertise to enable others to improve performance and fulfill personal potential.

Budgeting

• Deliver a budget for an area of the organization or conduct complex analyses on budget progress in other areas of the organization.

Information and Business Advice

• Provide specialist advice on the interpretation and application of policies and procedures, resolving queries and issues and referring very complex or contentious issues to others.

Skills

• Accounting
• Budget Management
• Business Requirements Analysis
• Data Controls
• Evaluating Information
• Financial Accounting
• Financial Acumen
• Financial Analysis
• Financial Auditing
• Financial Modeling
• Legal Practices
• Management Accounting
• Policies & Procedures
• Report Review

Competencies

• Business Insight
• Communicates Effectively
• Ensures Accountability
• Financial Acumen
• Manages Complexity
• Optimizes Work Processes
• Organizational Savvy
• Plans and Aligns

Education

• NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

• 17 June 2025 , 23:59