Assistant Management Accountant

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

We are seeking a dynamic professional to provide comprehensive financial and management accounting support to OM Wealth Finance, ensuring accurate, timely and compliant reporting that enables effective cost control and informed decision-making.

The role spans month-end close, management/financial reporting, expense governance, reconciliations, procurement oversight, VAT inputs, and continuous improvement of processes and controls.

The person would be required to play a pivotal role in ensuring business operational processes are aligned to achieve business outcomes. This includes the involvement automation initiatives and continuous process improvements projects.

Key responsibilities will include amongst others the following:

Financial Management and Control

• Prepare and post monthly journals (including standard, recurring and adjustment journals), ensuring validity, accuracy and completeness with appropriate narratives and supporting documentation.
• Perform monthly balance sheet reconciliations for all assigned accounts; escalate aged or unreconciled items with action plans.
• Manage loan account processes by confirming balances with counterparties, investigate and resolve reconciling items, post settlements, and maintain audit trails.
• Prepare accruals and provisions in line with accounting principles
• Develop and maintain dashboards and reconciliations for key expense categories, leveraging procurement and financial data to compile insightful reports on, but not limited to, training, consulting, and open purchase orders.
• Prepare and reconcile VAT submissions, ensuring accurate input/output tax calculations and alignment to the general ledger. Provide supporting schedules and evidence for quarterly and annual tax returns to maintain compliance
• Coordinate month-end calendar; maintain task checklists, dependencies and sign‑offs to safeguard GL integrity.

Administration, Expense Governance & Control

• Process supplier invoices and issue tax invoices in accordance with procurement and VAT policies; ensuring accuracy of account cost allocations.
• Drive accurate and insightful expense analysis by ensuring procurement ledger data is complete and meaningful through engagement with Wealth requisitioners
• Review and action ageing open purchase orders (close/adjust/correct) to improve working capital and data quality.
• Lead as the SME for expense management processes and tools: Procurement, i-Expenses, Open POs, Cellular, P Card, AGIS/intercompany, Fixed Assets, Budget Centres.
• Cellular cost management: produce monthly reports, align usage to policy, and serve as back up cellular champion.
• Ownership of budget centres administration and manage linked master data processes
• Support the Wealth requisitioners ensuring practices align to Group financial policies and delegations of authority.
• Maintain procedure documents, reconciliations, and control evidence to support audit where applicable.
• Coordinate the annual insurance renewal process (data collection with the relevant parties).
• Annual leave calculations: process recovery/payment for transfers with appropriate approvals and documentation.
• Provide day‑to‑day support to budget centre managers and PA’s/Administrators; attend monthly forums and provide guidance on expense administration queries and policy application.
• Communicate clearly with non‑finance stakeholders to ensure reported information assists business units in managing expenses appropriately.

Data Management

• Operate ERP and reporting tools effectively (Oracle Financials, Oracle FRP, i-Procurement advantageous).
• Excel: Intermediate proficiency (Pivot tables, Lookups/Xlookup, Conditional formulas, charts).
• Drive automation initiatives and continuous process improvements to enhance efficiency and implement smarter, streamlined ways of working.

Fixed Assets & Capital Projects

• Maintain and update the Fixed Asset Register by managing master data, additions, disposals, and transfers in compliance with policy.
• Ensure accurate capitalization and depreciation of assets in line with accounting standards and company policy.
• Perform asset reconciliations

Statutory Compliance

• Support external and internal audit requests (sampling, evidence packs, walkthroughs) and remediate findings.

These responsibilities offer an overview of the role and are not confined or restricted solely to what is listed.

Qualifications and Experience required:

• BCom degree or relevant or related degree
• 3-5 relevant years’ experience, preferably within financial services
• Oracle Financials experience is desirable
• Excel: Intermediate proficiency
• Strong information monitoring skills
• Strong work ethic, initiative-taking and demonstrable high standards of achievement.
• Strong people skills and ability to work in diverse teams as well as independently.
• Ability to work in a fast-paced environment, with multiple priorities and deliveries with tight deadlines.

Skills

Accounting, Action Planning, Budget Management, Computer Literacy, Database Reporting, Data Classification, Data Compilation, Data Controls, Data Modeling, Evaluating Information, Financial Acumen, Management Reporting, Numerical Aptitude, Oral Communications, Report Review

Competencies

Business Insight

Communicates Effectively

Decision Quality

Ensures Accountability

Financial Acumen

Manages Complexity

Plans and Aligns

Tech Savvy

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

11 December 2025 , 23:59

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.

The Old Mutual Story!