Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
Business Overview:
The Old Mutual Social Investment Cluster was formed in July 2024 and will leverage synergies between various businesses in the Group advancing our impact funding for SMMEs. This strategic structure brings together the leadership, financial management, and operational expertise of Masisizane, the ESD Fund and the Old Mutual Foundation.
Role Overview:
The Head of Finance and Operations will report directly to the Chief Financial Officer for the Social Investment Cluster.
The role will provide financial planning and reporting for the Social Investment Cluster to ensure adequacy of resources to deliver the operational agenda and strategic imperatives of the business. This role is responsible for delivery of the financial accounting / control function in the organisation through other managers and their teams. Responsible for preparation of business plans over a 3-year period with regular re-forecasts of the material financial metrics of the organisation.
A significant part of the role entails engagements with Exco members that head up the Social Investment Cluster.
Key Result Areas
Business Performance / Business Planning and Budgeting
- Drives the preparation of plans and budgets to support the Social Investment Clusters annual plan and strategy
- Drives the periodic and annual financial reporting cycles to provide a clear line of sight of the business performance
- Monitor the business progress towards achievement of annual budget showing trends, and opportunities to maximize income, reduce cost and minimize risk. Act as financial advisor to the business units to ensure effective utilisation of resources and cost optimization
- Participates in project activities associated with financial planning and reporting including development of project plan and coordination of project activities
- Develop, implement and enforce appropriate financial accounting and reporting policies, processes and procedures across the business
- Review the general ledger to check that all the business general ledger transactions are updated regularly in line with the accounting principles and accounts are fully reconciled
- Responsible for compliance reporting for the business (Tax, Regulatory) in accordance with statutory, regulatory and IFRS requirements
- Oversight and ultimate responsibility of delivering on the Annual Financial Statements for at least 4 entities in the Social Investment Cluster
- Responsible for reporting into OML Group on the consolidation tool (currently HFM)
- Manage the external audit processes for the business and be the contact person during interim and final audits both internal and external
- Works directly with Reporting functions at the various underlying businesses to implement new accounting standards that impact the organization and ensures accuracy and compliance of financial reports
- Put in place / regularly review internal controls across the business and ensure they are appropriate and are consistently applied
- Manages and leads a team of accountants and accounting specialists
- Oversee performance and development of the team members
- Ensure effective communication to all employees
- Oversee and ensure the effective management of the treasury and capital management function
- Ensure implementation and compliance to financial risk policies across the Social Investment Cluster
Required Experience
- 8+ years experience in the Financial services sector
- Experience managing teams is a requirement
- 4+ years in a senior Finance role
- Minimum Bachelors Degree in Finance / Business / Actuarial Science
- Professional qualification in Finance CA qualification is preferred but not required
- Strong financial, accounting and managerial skills
- Strong ability to implement and monitor internal controls
- Good communicator, planner and organiser
- Effective project management skills
- Logical thinker with ability to manage complex processes
- Thorough knowledge of accounting standards (IFRS)
- Leadership and Management
- Attention to detail and strong analytical skills
Education
Bachelors Degree (B): Finance (Required)
Closing Date
05 November 2024
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.
Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.
All prospective employees are required to disclose their vaccination status as part of the recruitment process.
Please refer to the Old Mutuals Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.
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