Fund 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

Perform professional accounting work, including compilation, consolidation, and analysis of financial data. The role requires an understanding of accounting fundamentals and principles, as well as experience in bookkeeping. Key responsibilities may include, but are not limited to, maintaining general ledgers, preparing journal entries, fixed asset (investment) accounting, bank reconciliations, management of control accounts (including debtors and creditors), reserve analysis, and the preparation of trial balances and financial statements.

Key Result Areas:

• Responsible for monitoring (reconciling) assets held at asset managers against liability balances and analysing variances.
• Responsible for agreeing bank and asset transactions with trade order instructions received from the administration system.
• Monitoring all other relevant controls, including that the ledgers are accurately produced.
• Performance of daily bank reconciliations.
• Liaison with external and internal auditors, as required, including preparation of audit schedules and working papers.
• Preparation of asset (investment funds) and bank reconciliation packs monthly (for review).
• Preparation of quarterly financial packs for management and board meetings as required.
• Preparation of statutory returns as required (quarterly exchange control and other statutory reporting, e.g. C48).
• Peer review of asset and bank reconciliations (where required).
• Prepare balance sheet reconciliations and clearing of items on balance sheet reconciliations (control accounts, debtors & creditors).
• Responsible for new, complex and varied reconciliations with little input required.
• Responsible for defining, testing and documenting process and control changes when required.
• Prepare annual financial statements in accordance with regulatory reporting requirements for Retirement (Pension/Provident) Funds in South Africa.
• Liaise with auditors and preparations of audit working papers.
• Preparation of accurate and complete monthly and year end journals.
• Prepares and/or monitors PAYE and PAYE reconciliations. Investigates and actions PAYE reconciling items to be solved.

Skills, Qualifications and Experience Required:

• Accounting Diploma/Bcom Degree - with a good understanding of accounting principles.
• Minimum 5 years’ experience in a similar role required.
• Computer literacy – MS Office and Advanced Excel required.
• Financial services background
• Advantage: Previous experience in Retirement (Pension/Provident) Fund industry
• Strong analytical skills.

Skills

Analytical Acumen, Bank Reconciliations, Financial Statements, General Ledger (GL), Microsoft Excel, Trial Balances

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: Accounting (Required)

Closing Date

12 July 2026, 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.

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