Financial Accountant (OMAO) at Old Mutual Plc

Job Description

• This role implements accounting processes, systems and controls for a product and is responsible for product profitability analysis.
• The incumbent is individually accountable for achieving results through own efforts.

Descriptor

• Accountable for the execution of business plan, and for governance and compliance at an operational level.
• Generates financial information.
• Analyses and reports on variances.
• Maintains suitable financial control environment.

Key Result Areas

Financial Reporting:

• Manages reporting requirements for the business unit.
• Drives & collates monthly submission consisting of report and commentary by agreed deadline.
• Prepares monthly financial reports for management, including a high-level variance report by agreed deadline.
• Produces ongoing and ad-hoc reporting based on requirements.
• Manages the budget centre reporting and produces a detailed variance report

Accounting Records:

• Ensures that all financial accounting transactions the team is responsible for, are accurately reflected in the business unit ledger.
• Manages the review and reconciliation of the Fixed Asset Register to the general ledger.

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.

Governance & Compliance

• Accountable for governance and compliance at an operational level.
• Provides advice on accounting policy and practice to senior and middle management.
• Ensures the effectiveness and appropriateness of the accounting processes utilised to fulfill the needs of the business.

Financial Control:

• Creates a healthy internal control environment to ensure safeguarding of assets & integrity of financial information.
• Monitors & reports on status of all control accounts in the business unit.
• Effects ongoing changes to internal controls as necessitated by changes in business and corporate governance.

Qualifications and Experience

• A first degree or its equivalent
• ICAN or ACCA qualification
• Excellent communication skills (verbal and written)
• Interpersonal and time management skills
• Good knowledge of MS packages (Especially MS Word, MS Excel and Outlook)
• Experience of 5+ years’ in financial reporting within the insurance sector required