Assistant Financial Accountant (OMAO) at Old Mutual Plc

Job Requisition ID: JR-23285

Key Focus

• This role is a specialized financial operations position in business units and is mainly responsible for ensuring the smooth running of the financial operations aspect of the business.
• This includes timely recognition of inflows as well as ensuring prompt payments within set timelines. The incumbent is individually accountable for achieving results through own efforts.

Role Description

• Ensures smooth running of the financial operations aspect of the business
• Reviews control accounts and reconciliations.

Key Result Areas
Personal Effectiveness:

• Accountable for service delivery through own efforts.
• Individually accountable for managing own time, tasks and output quality over periods of 1 day to a maximum of three months.
• Makes increased contributions by broadening individual skills.
• Collaborates effectively with others to achieve personal results.
• Accepts and lives the company values.

Reconciliations:

• Reviews control accounts and reconciliations.
• Ensures accurate reconciliations are done and followed up.

Financial Operations:

• Compiles and populates records to Trial Balance level
• Ensure the timely recognition of inflows and correct allocation
• Ensure the timely processing of payments within the agreed timelines
• Ensure the accurate recognition of payments including VAT and WHT if any
• Provide needed support towards the implementation of various IT initiatives
• Act as the main point of contact for addressing any inquiries and questions related to financial operations
• Supervise the daily operational tasks of the collections team
• Develop financial policies and procedures for operational efficiency
• Develop operational initiatives to achieve financial goals.

Qualifications & Experience

• Professional accounting qualification (ICAN/ACCA) is an added advantage
• Is able to demonstrate recent, relevant experience of managing a Financial Operations team in an insurance Company
• Has a sound understanding of accounting concepts and reporting requirements under relevant accounting standards
• Has a sound understanding of VAT and WHT requirements
• Cognate experience with bank reconciliation in insurance
• Has previous financial accounting experience
• Has a good eye for detail
• Good interpersonal skills.