Head of OMI Reporting
Head of OMI Reporting
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Salary Not Disclosed
1 Vacancy
Job Description
Lets Write Africas Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
Experience Knowledge & Skills Required
Relevant Bachelors degree preferably CA (SA).
10 12 years internal/external financial reporting experience.
Strong IFRS and financial reporting audit & compliance knowledge.
IFRS 17 and insurance industry experience is preferred. Short term insurance experience preferred but not a requirement.
The Recruitment Process
TA Interview: This will be a discussion with a member of the Talent Acquisition Team to give you an understanding of our business our culture & values and more context on the role. It will also allow up the opportunity to get to know you more and ensure OMI can meet your career aspirations.
Panel Interview: This will be with 2 members of the Senior Leadership of the Hiring Team and 1 member of the HC Leadership Team.
Technical & Psychometric Assessments: These will depend on the role and will sometimes happen concurrently with the Vetting Process.
Final Feedback.
All About OMI:
note that unfortunately we cannot accept any applications after the closing date
Responsible for managing the financial reporting processes to produce the statutory OM Insure and subsidiary entities trial balance and financial statements and to ensure accurate reporting and compliance with accounting standards systems of internal control financial regulations and internal standard operating procedures. The role is also critical in managing the external audit process for these statutory entities and requires engagement across Old Mutual Insure Group functions (Tax Actuarial Reinsurance) and the business; as well as Old Mutual Group Ltd Group Functions (External Group Reporting).Responsible for managing the external and internal financial reporting process to ensure accurate reporting for OM Insure and subsidiary entities.
Design and lead the implementation of processes to ensure the accurate analysis review and reporting of financial data in compliance with International Financial Reporting Standards (IFRS) Regulatory and Corporate policies.
Monitor and maintain reporting calendar inform relevant parties if necessary and ensure timelines are met.
Oversee the preparation review and dissemination of financial reporting both externally to regulatory bodies and internally to executive management and where applicable the Old Mutual Limited group. Drive the preparation of financial statements for legal entities and ensure these are prepared in accordance the relevant requirements (including IFRS 17.
Manage finance inputs into the SAM Reporting process for quarterly and annual submissions.
Define and lead the of a formal process for obtaining and analysing information gathered from various finance actuarial and business teams for report preparation.
Establish and maintain a streamlined systembased solution to enable the efficient coordination consolidation and accurate reporting of financial data under IFRS 17.
Review internal controls related to the financial statements preparation process and ensure that controls around report preparation processes are at the highest standards.
Provide variance analysis and research on accounting issues and financial reporting requirements and interface directly with audit.
Drive efficiency through automation of business processes.
Coordinate the yearend financial close and audit process including preparation of audit packs responding to auditor queries and finalisation of statutory financial statements (including engaging with the business to coordinate consolidated responses to audit requests).
Collaborate closely with Group Reporting Business Finance Partners and the Actuarial Reinsurance and Tax functions to ensure alignment and completeness of submissions
Work with the Capital team to value subsidiary entities and review finance input into Capital Management Committee packs.
Drive capability building and succession planning within the reporting team to ensure future resilience and talent development.
Lead and mentor a highperforming financial reporting team including technical accounting and reporting analysts.
Ensure cost efficiency through financial and corporate governance
Contribute to the development and implementation of fit for purpose budgets.
Nurture a culture of high performance
Align own behaviour with the organisations culture and values.
Build a culture where unique employee experiences can be created new work experiences can be designed deep business knowhow and experiences are openly shared new ideas are encouraged & implemented without fear of reprisal and where employees feel inspired to enable positive futures through coaching and mentoring.
Skills
Accounting Adaptive Thinking Budget Management Data Compilation Data Controls Evaluating Information Executing Plans Financial Accounting Financial Acumen Financial Auditing Financial Modeling Management Accounting Numerical Aptitude Policies & ProceduresCompetencies
Balances StakeholdersBusiness InsightDecision QualityEnsures AccountabilityFinancial AcumenInstills TrustManages ComplexityOptimizes Work ProcessesEducation
Bachelor of Commerce Honours (BCom Hons): Finance (Required) NQF Level 9 MastersClosing Date
20 April 2025 23:59The 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.
The Old Mutual Story!
Required Experience:
Director
Employment Type
Full-Time
