Job: Assistant Financial Accountant (OMAO) at Old Mutual Plc

Job Requisition ID: JR-23285

Key Focus

  • This role is a specialized financial operations position in business units and is mainly responsible for ensuring the smooth running of the financial operations aspect of the business.
  • This includes timely recognition of inflows as well as ensuring prompt payments within set timelines. The incumbent is individually accountable for achieving results through own efforts.

Role Description

  • Ensures smooth running of the financial operations aspect of the business
  • Reviews control accounts and reconciliations.

Key Result Areas
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.

Reconciliations:

  • Reviews control accounts and reconciliations.
  • Ensures accurate reconciliations are done and followed up.

Financial Operations:

  • Compiles and populates records to Trial Balance level
  • Ensure the timely recognition of inflows and correct allocation
  • Ensure the timely processing of payments within the agreed timelines
  • Ensure the accurate recognition of payments including VAT and WHT if any
  • Provide needed support towards the implementation of various IT initiatives
  • Act as the main point of contact for addressing any inquiries and questions related to financial operations
  • Supervise the daily operational tasks of the collections team
  • Develop financial policies and procedures for operational efficiency
  • Develop operational initiatives to achieve financial goals.

Qualifications & Experience

  • Professional accounting qualification (ICAN/ACCA) is an added advantage
  • Is able to demonstrate recent, relevant experience of managing a Financial Operations team in an insurance Company
  • Has a sound understanding of accounting concepts and reporting requirements under relevant accounting standards
  • Has a sound understanding of VAT and WHT requirements
  • Cognate experience with bank reconciliation in insurance
  • Has previous financial accounting experience
  • Has a good eye for detail
  • Good interpersonal skills.


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