Website Old Mutual
Position Summary:
The role reports to the Senior Manager: Technical Accounting, and is responsible for:
Maintaining and assisting with the implementation of appropriate accounting policies across the OML Group;
Preparation of update papers to the Group Audit Committee;
- Preparation of comment letters to the IASB on a timely basis to enable Industry to collaborate and drive Accounting Standard Changes
- Reviewing the OML and OMLAC(SA) Financial Statements to ensure compliance with the relevant accounting standards, JSE Listing and Companies Act requirements; and the creation of cutting-edge financial reporting.
Maintenance of the OML accounting issues log and ensuring that there are appropriate documented conclusions around key accounting judgement areas.
Key Responsibilities:
- Supporting the Head: Technical Accounting and Senior: Manager Technical Accounting with the integration of technical accounting project outcomes (i.e. policies and frameworks) into business as usual.
- Advising on structuring and accounting consequences of proposed corporate activity.
- Supporting the response to technical audit queries during reporting cycles pertaining to the financial statements.
- Advising group reporting and business segment finance teams in resolving technical accounting issues.
- Maintaining an issue log and ensuring that all conclusions are appropriately documented.
- Interpreting, communicating and advising on accounting standards and disclosures throughout the Group to ensure consistency of application and reporting standards.
- Act as a central Professional Practice Department (PPD) or centre of excellence for all technical accounting related topics.
- Maintains up-to-date technical accounting knowledge hub and review of industry practice.
- Liaising with relevant operational managers to coordinate compliance with policy, approvals of changes to policy and introduction of new policies.
- Supporting the Senior Manager: Technical Accounting in the preparation of technical updates and the communication of industry developments to OML finance teams.
- Responsible for the operation, maintenance and consistent application of accounting policies relevant to the production of all financial information prepared by OML and ensuring that any material changes are approved in accordance with the OML governance structures.
- Development of updates to technical accounting standards across the Group and the resulting consequences on the Group accounting manual.
- Technical review of interim and annual OML and OMLAC(SA) financial statements to ensure that disclosures are in accordance with accounting standards, JSE Listing and Companies Act requirements.
- Drive continuous improvement through knowledge sharing, training and review.
- Liaise with the external auditors.
Required Education & Experience:
- Ability to multi-task and focus on detailed problems, with the tenacity to drive issues until resolved.
- Strong ability to solve problems
- Ability to work autonomously and as part of a broader team
- Financial Reporting
- Demonstrated understanding of IFRS and technical application
- Highly organized and structured
- Internal Control & Risk Management
- Advanced Excel, Word, PowerPoint
- Tax Accounting
- CA(SA) with minimum 5 years’ relevant post-qualification experience
- Self-motivated, team player with a desire to learn new skills and grow