Senior Financial Accountant at Old Mutual South Africa

Job Description

Next176 is a fully owned subsidiary of Old Mutual Limited, founded to create shared value in the future of emerging economies and underserved communities, by delivering disruptive sustainable growth and innovation for future generations.

Our key focus is to deliver growth and value by defending the current business models and by creating new business and revenue streams through the delivery of new disruptive propositions and businesses.

We are looking for a Senior Financial Accountant who enjoys technical accounting to join our dynamic team of experts. This role will ensure the accounting of our new businesses, ventures, and partnership deals are accounted for correctly in the Financial records, collaborating with Group technical accounting where necessary. The role will report to and provide a strong business partnership with the Finance Manager for achievement of the overall business objectives.

Financial Accounting:

• Manages the financial reporting requirements.
• Ensures that all financial accounting transactions and provisions are accurately reflected in the Next176 ledgers and that accounting policies are consistently applied in all the financial information prepared by Next176.
• Responsible for integration of accounting standards and disclosures into the reporting processes and systems of Next176
• Advising on structuring and accounting consequences of proposed corporate activity
• Responsible for the Next176 HFM submission and offline schedules to Old Mutual Limited
• Respond to and manage queries from Group Reporting on internal submissions
• Responsible for Next176 tax submissions including Provisional tax and Annual returns, the review of VAT returns and deferred tax calculations and ensuring tax compliance
• Prepare all regulatory submissions
• Preparation of Next176 audited financials ensuring that disclosures are in accordance with accounting standards, and Companies Act requirements.
• Audit liaisons as per tax, legislative and statutory requirements ensuring audit preparation is done in advance and requests are responded to adequately
• Provides commentary on monthly and Quarterly financial results and the implications thereof and advises on corrective action to be taken;
• Drives & collates monthly submission consisting of reports to venture leads with commentary.

Control environment:

• Maintains a strong financial control environment
• Reviews Balance sheet recons
• Effects on-going changes to internal controls as necessitated by changes in business and corporate governance.

Other:

• Assists in the preparation of annual business plans and quarterly forecasts.

Qualifications, Skills And Required Experience

CA(SA) with minimum 2 years’ relevant post-qualification experience in the financial services industry dealing with a variety of financial services products

• Demonstrated understanding of IFRS and technical application and demonstrated interest in staying up to date with changes in accounting standards
• A self-starter who is able to take initiative and run and drive issues until they are resolved.
• Process orientated with the ability to set up new processes and systems or improve existing ones
• Proven ability to meet and exceed tight business and reporting delivery targets on a consistent basis;
• Ability to work under pressure;
• Self-motivated, energetic team player with a desire to learn new skills and grow
• Ability to multi-task and focus on solving problems,
• Highly organized and structured
• Internal Control & Risk Management
• Advanced Excel, PowerPoint

Skills

• Audit Preparations, Finance, Financial Analysis and Reporting, Financial Controlling, Internal Controls, Management Reporting, Statutory Requirements, Tax Accounting

Education

• Chartered Accountant: Accounting Finance

Closing Date

• 13 October 2022