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Job Description

Role Overview

We have an exciting 7-month contract opportunity in Old Mutual Wealth for an experienced Finance Manager to lead the Finance Consolidation Team. The successful candidate will be responsible for the full financial reporting function and the consolidation of the Wealth Segment’s Financial Results.

This role requires a dynamic individual who thrives on engaging with stakeholders across the organisation, co-ordinating segment matters, driving reporting timelines, and ensuring alignment with business strategy. Additionally, the role encompasses governance and compliance management at an operational level.

While the primary focus is on consolidation and reporting for the Wealth segment, the Finance Manager will also oversee Financial Management for the holding company and provide oversight for the Financial Advisory Businesses.

Key responsibilities will include amongst others the following:

At the Segment Level:

Manages and oversees the full financial accounting and reporting function of the Wealth Segment and includes the timely delivery of the consolidated financial reporting results and business plan, including the capital plan, for the segment.Engaging and co-ordinating, as key liaison, with stakeholders on the segment reporting, statutory company audits, data governance and financial controls implementation and maintenance, risk policies, and other group and wealth business requirements and initiatives.Ensuring that the Wealth Businesses are adequately funded, solvent and liquid.Provide insights and initiatives to improve the Wealth Segment’s return on capital.Provide insights and support for the implementation of new business ventures and capital transactions.Financial valuation and analysis.Provide technical accounting opinions on IFRS matters relating to the Wealth segment.Generates internal management reports.Drive the automation of key functions within the Finance Department, working closely with IT to streamline processes and improve efficiencies within the business.Completion / assistance with ad-hoc tasks, providing input into projects and / or analysis of the broader business or Finance Teams.Provides insights and support the implementation of Group and Wealth Segment initiatives within the business.

Financial responsibility for the holding company of the Wealth group and investments in key initiatives of the Business.  These include:

Managing the financial operations and financial management, including timely financial reporting, taxation, legal, risk, and compliance of statutory companies.Managing the audits of the statutory companies.Develops, reports on, and interprets cost drivers, key performance measures, and benchmarks.Managing the relationship, reporting requirements, and oversight of our independent financialadvisory businesses, external subsidiary and associate company.Provides insights and commentary on financial results, implications and advises on corrective action to be taken.Provides data and insight into preparation of the Business Plan.Interacts with business managers on financial outcomes, expense trends, etc.Accountable for governance and compliance at an operational level.Analyses and reports on variances.Maintains suitable financial control environment.

Qualifications, Skills and Experience required

Qualified Chartered Accountant (SA) with a minimum of 5 years’ experience in a financial manager role, preferably within the financial services environment.Prior experience in consolidation and group reporting is preferable.Strong leadership and team management capabilities.Accuracy and attention to detail while ensuring that all delivery timelines are met.Strong planning, co-ordinating skills.Good communicator, collaborator, and relationship builder.Pro-active and solutions-orientation mindset.Good understanding of the Financial Services regulatory environment.

Manage and coordinate the company's financial function, including general accounting, cost management, budgeting, and payroll, in accordance with corporate policies and procedures to meet the company’s business requirements. This is the top finance position for a specific location, but it is governed by policies and frameworks established by the larger corporation.

ResponsibilitiesFinancial Policies, Guidelines, and Protocols

Lead and coordinate the development and delivery of financial policies, guidelines, and protocols across the business to ensure the company complies with regulations and good financial practice.

Financial Management and Control

Manage a significant portion of the organization's financial management and/or control processes.

Financial Modeling

Undertake strategic and tactical financial analysis, modeling, and evaluation to support business leaders in their decision-making.

Data Collection and Analysis

Make authoritative recommendations that have a significant impact on the business over the short and long term. Recommendations could be technical or professional in nature.

Organizational Risk Management

Manage a significant portion of the organization's risk management and/or risk control processes. This includes contributing to the development and implementation of risk management policies and procedures.

Financial Information Systems

Own the development of financial systems for the company or group. Own the governance of finance systems to ensure they adhere to group accounting and statutory rules.

Functional Strategy Formation

Lead the development and implementation of strategy for an important area of responsibility within a function, anticipating complex issues, challenges, and opportunities and ensuring integration with wider functional strategy.

Information and Business Advice

Provide authoritative specialist advice to senior managers at the business unit or regional level to enable the implementation of policy, projects, and change initiatives.

Leadership and Direction

Identify and communicate the actions needed to implement the function's strategy and business plan within the business area or department; explain the relationship to the broader organization's mission, vision, and values; motivate people to commit to these tenets and do extraordinary things to achieve local business goals.

Performance Management

Manage and report on performance within the department or area of responsibility; set appropriate performance objectives for direct reports and hold individuals accountable for achieving them; take appropriate corrective action where necessary to ensure the achievement of annual business objectives.

Organizational Capability Building

Evaluate the capabilities of staff within the department to identify gaps and prioritize development activities. Implement the organization's formal development frameworks within the area of responsibility. Coach and mentor others to support the development of the organization's talent pool.

Budgeting

Manage budget plans for a department. May involve development or delivery or both.

Skills

Accounting, Adaptive Thinking, Budget Management, Data Compilation, Data Controls, Evaluating Information, Executing Plans, Financial Accounting, Financial Acumen, Financial Auditing, Financial Modeling, Management Accounting, Numerical Aptitude, Policies & Procedures

Competencies

Balances StakeholdersBusiness InsightDecision QualityEnsures AccountabilityFinancial AcumenInstills TrustManages ComplexityOptimizes Work Processes

Education

NQF Level 9 – Masters

Closing Date

20 February 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.

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.

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