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Position Consolidation Reporting Business Partner

Position Consolidation Reporting Business Partner

Old Mutual LimitedJohannesburg, Gauteng, South Africa
8 days ago
Job description

Consolidation Reporting Business Partner

Let's Write Africa's Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

The Jhb / CPT based role for a Financial Accountant within the Group Financial Control team responsible for business partnering in OML Group and will report to the Consolidation Reporting Manager. The role will also work closely with the Head of Statutory Reporting as well as the various Head of Finance roles within each Business Unit.

Responsibilities

  • Preparing and / or reviewing specific inputs and outputs of the OMLAC (SA) and / or OML consolidation, in accordance with International Financial Reporting Standards, Group accounting policies, Companies Act and JSE Listings Requirements.
  • Interpretation and communication of complex financial issues and concepts to all stakeholders, including senior management.
  • Being a subject matter expert on key areas through development of a deep understanding of value drivers, risks and key Audit Committee focus areas.
  • Understanding and explaining the internal and external business unit and consolidated Group information, both financial and non-financial.
  • Managing and / or supporting other formal internal and external reporting deliverables including the OML financial statements, SENS announcements as well as the preparation of internal documents to support these deliverables.
  • Ad‑hoc responsibilities with respect to driving / implementing continuous improvements within the Group.

Key Result Areas

  • The statutory OMLAC (SA) and / or OML consolidation supporting monthly reporting and the production of interim and annual financial disclosures.
  • Analyze and review the financial performance of the segments forming part of OMLAC(SA) as well as the consolidated Group, preparation of analytical reviews and write commentary as appropriate.
  • Quarterly consolidation supporting where required.
  • Identify the need for consolidation journals and correcting entries to segment submissions and the Group consolidation and understand the impact on the Group result.
  • Preparation and / or review of relevant consolidation journals and consolidation proofs.
  • Review of business unit submissions, raising and efficient resolution of queries.
  • Prepare ad‑hoc information, presentations or reports and provide challenge and explanation to stakeholders where required.
  • Assist with management of the inter‑company matching and eliminations processes.
  • Manage and maintain Disclosure Management System.
  • Management and preparation of ancillary information around the interim and year‑end reporting as appropriate.
  • Provide guidance to the team and segments on the practical application of technical accounting opinions.
  • Leading various aspects of the external reporting process for the consolidated OMLAC (SA) and / or OML Group, including analytical review, drafting and completing financial statement disclosure notes, implementation of new accounting standards, and developing efficient data collection mechanisms.
  • Kept abreast of current accounting and tax developments Governance & compliance, integrating accounting, actuarial and tax knowledge.
  • Ensuring compliance with IFRS, Companies Act, JSE Listings Requirements and Group accounting policies through active engagement with segments, technical accounting and accounting systems (HFM) teams.
  • Ensuring HFM structures and Chart of Accounts are accurate by time‑synchronized logging amendments as part of the HFM change release cycles.
  • Pro‑actively reviewing and improving the consolidation process, including proposing and testing changes to the consolidation tool (HFM) as required.
  • Adherence to the financial and internal controls framework for Group Finance.
  • Management Effectiveness

  • Creating, maintaining and enhancing productive working relationships with segments and the wider IFRS Financial Reporting Team.
  • Business partnering with segment accounting teams by actively engaging with them in addressing key issues and to provide advice on resolving those issues that may impact the financial results of the Group.
  • Managing interdependencies and relationships with key stakeholders such as External Reporting, Internal Reporting, Regulatory Reporting, Balance Sheet Management, Group Actuarial, and Tax.
  • Liaising with auditors, ensuring the timely and accurate proofs, and audit trail for segment consolidation and the OMLAC(SA) and / or OML annual and interim financial statements.
  • Understanding the interactions of all financial reporting aspects of the Group and use this knowledge to provide advice to stakeholders as required.
  • Participating and / or leading on other ad‑hoc projects and activities as appropriate.
  • Manage and prioritize multiple tasks.
  • Requirements

  • Qualified CA (SA) with approximately 1‑4 years post qualification experience.
  • Thorough understanding of IFRS, JSE Listings Requirements and the accounting treatment of Insurance Companies with exposure to IFRS 17 would be beneficial.
  • Must have experience in consolidations and / or financial reporting of a listed multi‑national.
  • Understanding of legal and management consolidation structures with a strong appreciation of need for process disciplines and controls.
  • Ability to deal with complex technical issues.
  • Attention to detail.
  • Strong analytical skills.
  • Extensive and demonstrable experience with HFM or similar consolidation and reporting software is advantageous.
  • Flexibility and willingness to work outside strictly defined role and hours when required.
  • Willing and able to learn fast and assimilate a significant amount of information.
  • Able to work constructively under pressure and adapt to change.
  • Team player.
  • Motivated self‑starter with the ability to cut through complex issues; proactive approach to the resolution of problems and obstacles.
  • Competencies

  • Strategic
  • Leading with Influence
  • Collaboration (Relating)
  • Customer First
  • Execution
  • Innovation (Perspective)
  • Personal Mastery (Learning)
  • 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.

    Education

    Chartered Accountant (Required).

    Closing Date

    16 October 2025, 23 : 59.

    Employment Equity : The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

    Seniority level

    Entry level

    Employment type

    Full‑time

    Job function

    Business Development and Sales

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    Reporting • Johannesburg, Gauteng, South Africa

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