Retirement Fund Accountant (Pension / Provident)

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

Perform professional accounting work, including compilation, consolidation, and analysis of financial data. The role requires an understanding of accounting fundamentals and principles. Previous experience in the Retirement (Pension / Provident) Fund industry will be advantageous. Responsibilities may include any or all of the following : ledgers and preparation of journal entries, fixed asset (investment) accounting, bank reconciliations, control accounts (including debtors & creditors), reserve analysis and the preparation of trial balance and financial statements.

The position is based in the Old Mutual Corporate Retirement (Pension / Provident) Fund Accounting Reconciliation team. This team is responsible for maintaining the bank, asset, income & expense, debtor & creditor reconciliations and related reporting for the Old Mutual SuperFunds. The span of responsibility will the completion of all reconciliations, resolving all outstanding items and reporting. By implication the role requires a solid financial grounding and adherence to internal controls as well.

Role Description & Key Result Areas :

• Responsible for monitoring (reconciling) assets held at asset managers against liability balances and analysing variances.
• Responsible for agreeing bank and asset transactions with trade order instructions received from the administration system.
• Monitoring all other relevant controls, including that the ledgers are accurately produced.
• Performance of daily bank reconciliations.
• Liaison with external and internal auditors, as required, including preparation of audit schedules and working papers.
• Preparation of asset (investment funds) and bank reconciliation packs monthly (for review).
• Preparation of quarterly financial packs for management and board meetings as required.
• Preparation of statutory returns as required (quarterly exchange control and other statutory reporting, e.g. C48).
• Peer review of asset and bank reconciliations (where required).
• Prepare balance sheet reconciliations and clearing of items on balance sheet reconciliations (control accounts, debtors & creditors).
• Responsible for new, complex and varied reconciliations with little input required.
• Responsible for defining, testing and documenting process and control changes when required.
• Prepare annual financial statements in accordance with regulatory reporting requirements for Retirement (Pension / Provident) Funds in South Africa.
• Liaise with auditors and preparations of audit working papers.
• Preparation of accurate and complete monthly and year end journals.
• Prepares and / or monitors PAYE and PAYE reconciliations. Investigates and actions PAYE reconciling items to be solved.

Relationship Building

Personal Effectiveness

Role Requirement

Strong analytical skills.

Competencies

Skills

Accounting, Action Planning, Budget Management, Computer Literacy, Database Reporting, Data Classification, Data Compilation, Data Controls, Data Modeling, Evaluating Information, Financial Acumen, Management Reporting, Numerical Aptitude, Oral Communications, Report Review

Competition Philosophy

Communicates Effectively

Decision Quality

Ensures Accountability

Financial Acumen

Manages Complexity

Plans and Aligns

Tech Savvy

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent (Required)

Closing Date

24 October 2025, 23 : 59

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.

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