Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description The role is responsible for the financial accounting of all the entities related to incentive schemes relating to Old Mutual Investments, work on the incentive schemes itself as well as providing support on the Group reporting requirements. The Old Mutual Investments has several incentives schemes to attract and retain staff. These are done by offering staff restricted equity instruments which are housed in various entities.
Primary Functions: 1. Financial Reporting Control and oversight of the GL for the entitiesPreparing and reviewing of journalsPreparing and reviewing of bank reconciliationsPreparation of information for Board packs, beneficiary packsResponsible for audit liaison and preparation of annual financial statementsCompliance with tax, legislative and statutory requirements2. Carried Interest and co-investment Schemes Provide financial information for investor communications, including periodic reportingCalculate investor distributions and contribution amounts requiredPreparation of drawdown/distribution noticesMaintenance of investors capital commitment accounts and unit/share registersPrepare response to investor queries and requests3. Medium Term Incentive Scheme Maintaining Cash flow for each participant employerMaintaining proper accounts of all investments, vesting of funds, switches, redemptions (e.g., resignations, retrenchments, etc.)Maintain proper accounts of all resigned accounts per employerMaintaining CGT calculations of all switches & redemptionsMaintain Trial Balance, Income Statement, Balance Sheet, Reconciliations4. OMIG Management Equity Scheme Preparation of monthly journals for each participatingMaintaining proper accounts in respect of vested and forfeited sharesMaintenance share register5. Ad-hoc The remuneration arena is dynamic and therefore the incentive structures are often redesigned to align to OMIG's strategy and market trends. The schemes listed above may change from time to time and the role may have additional ad-hoc functions from time to time.
Basic Job Requirements BCom + Articles3-5 yrs experience in financial servicesManagement Accounting knowledgeKnowledge of IFRSExposure to taxCompetencies Required Technical knowledge, including the application of Great Plains GLSome commercial knowledge of asset managementContractual competenceGood planning and organizing skillsStrong Excel skillsProactive and analytical orientationAttention to detailsAdaptabilityAble to multitaskSkills Financial Accounting, Financial Reporting and Analysis, Management Reporting
Education Bachelor of Commerce (BCom) (Required)
Closing Date 22 October 2024
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. Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19. All prospective employees are required to disclose their vaccination status as part of the recruitment process. Please refer to the Old Mutual's Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so. About UsOld Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending.
We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.
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