Senior Group Technical Accountant

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Job Description

Senior Group Technical Accountant

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 Result Areas / Key Output:

Group Technical Advisory

• Advising on structuring and accounting consequences of proposed corporate activity.
• Act as a central Professional Practice Department (PPD) or centre of excellence for all technical accounting related topics.
• Interpreting, communicating and advising on accounting standards and disclosures throughout the Group to ensure consistency of application and reporting standards.
• Advising group reporting and business segment finance teams in resolving technical accounting issues.
• 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.
• Maintaining an issue log and ensuring that all conclusions are appropriately documented.
• Liaise with the external auditors.
• Supporting preparation of reports to the Audit Committee and Board (where applicable).

Governance & Compliance

• 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.
• Liaising with relevant operational managers to coordinate compliance with policy, approvals of changes to policy and introduction of new policies.
• Working with the Head: Statutory Reporting to integrate policies into the reporting processes and systems.
• Assist with continuous review for various business segments.

Knowledge Sharing & Professional Development

• Drive continuous improvement through knowledge sharing, training and review.
• Supporting the Senior Manager: Technical Accounting in the preparation of technical updates and the communication of industry developments to OML finance teams.
• Maintains up-to-date technical accounting knowledge hub and review of industry practice.

Financial Statements

• Support the Head: IFRS Reporting, Head: Technical Accounting and Head: Governance and Audit to develop and produce the financial statements templates (for OML, OMLAC (SA)) for interim and annual reporting.
• 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.
• Supporting the response to technical audit queries during reporting cycles pertaining to the financial statements.

Qualifications, Skills And Required Experience

• CA(SA) with minimum 5 years relevant post-qualification experience
• Demonstrated understanding of IFRS and technical application
• Self-motivated, team player with a desire to learn new skills and grow
• Ability to multi-task and focus on detailed problems, with the tenacity to drive issues until resolved.
• Ability to work autonomously and as part of a broader team
• Highly organized and structured
• Strong ability to solve problems
• Financial Reporting
• Internal Control & Risk Management
• Tax Accounting
• Advanced Excel, Word, PowerPoint
• IFRS professional who wants to operationalise and evolve IFRS to be relevant in the Insurance Industry

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.

Skills

Education

Closing Date

05 August 2023

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.