Senior Financial Accountant- OMART Insure
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Job Location:
Johannesburg - South Africa
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Lets Write Africas Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
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 us 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 Vetting through an external service provider & Internal Verification.
Final Feedback.
All About OMI:
note that unfortunately we cannot accept any applications after the closing date
The Senior Financial Accountant is a strategic finance leader responsible for overseeing financial reporting regulatory compliance and operational finance activities within OMART Insure. This role ensures the integrity of financial data drives process improvements and supports strategic decision-making through expert analysis and leadership. The incumbent plays a key role in the application of IFRS 17 managing SAM reporting and enhancing financial systems and controls.
Lead the preparation of monthly management accounts and annual financial statements in accordance with IFRS.
Oversee the implementation and compliance of IFRS 17 across finance operations.
Manage and submit SAM (Solvency Assessment and Management) reports ensuring regulatory compliance.
Develop and maintain financial policies guidelines and protocols to uphold regulatory standards and best practices.
Drive strategic investment decisions and oversee client investment portfolio performance.
Conduct financial risk assessments and escalate findings to compliance and risk management teams.
Enhance financial processes systems and internal controls to improve operational efficiency.
Lead financial systems changes by engaging stakeholders identifying requirements and delivering solutions.
Analyze complex financial data from multiple sources to support business decisions and performance monitoring.
Represent the finance department in client meetings presenting financial results and addressing inquiries.
Manage premium collections and recommend actions for delinquent accounts.
Evaluate client business plans underwriting and reinsurance terms for financial viability.
Contribute to business planning forecasting and budgeting processes aligned with strategic goals.
Monitor operational compliance and resolve noncompliance issues within finance operations.
Provide expert advice on financial policies and procedures resolving complex queries.
Lead and mentor finance teams including Client Services Operational Finance Graduates and Accountants.
Set performance objectives monitor team performance and implement corrective actions as needed.
Identify and address team development needs fostering professional growth and capability building.
Manage the SASRIA finance function and coordinate related audits.
Qualifications & Experience
CA(SA) or equivalent professional accounting qualification.
Minimum 25 years of post-qualification experience in financial accounting preferably within the insurance sector.
Extensive knowledge of IFRS including IFRS 17.
Proven experience in financial reporting budgeting and audit coordination.
Demonstrated leadership in managing diverse finance teams and mentoring junior professionals.
Technical Skills
Advanced proficiency in Microsoft Excel and financial modeling.
Strong experience in SAM reporting and regulatory submissions.
Expertise in data analysis and interpretation of complex financial datasets.
Experience with financial systems Oracle or similar platforms.
Knowledge of insurance finance operations and reporting including SASRIA and cell captive insurance business.
Competencies
Strategic thinking and financial acumen.
Strong analytical and problem-solving capabilities.
Excellent communication and stakeholder engagement skills.
High attention to detail and commitment to accuracy.
Ability to manage multiple priorities under pressure.
Leadership and team development proficiency.
Skills
Accounting Action Planning Budget Management Business Planning Business Requirements Analysis Data Compilation Data Controls Evaluating Information Finance Financial Accounting Financial Acumen Financial Analysis Financial Auditing Financial Modeling Financial Reports Management Accounting Report ReviewCompetencies
Builds Effective TeamsBusiness InsightCommunicates EffectivelyEnsures AccountabilityFinancial AcumenManages ComplexityOptimizes Work ProcessesOrganizational SavvyEducation
Chartered Accountant: Accounting (Required) NQF Level 9 MastersClosing Date
09 October 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:
Senior IC
Key Skills
- Hyperion
- Financial Concepts
- Financial Report Writing
- GAAP
- General Ledger Accounting
- Accounting
- IFRS
- Account Reconciliation
- Analysis Skills
- SOX
- Financial Analysis
- ERP Systems
About Company
Old Mutual offers a wide range of life insurance products, car and home insurance, personal loans, and investment, corporate and financial planning solutions.
