Senior Financial Accountant- OMART Insure at Old Mutual

Job Description

• The Senior Financial Accountant is a strategic finance leader responsible for overseeing financial reporting, regulatory compliance and operational finance activities within OMART Insure.
• This role ensures the integrity of financial data, drives process improvements and supports strategic decision-making through expert analysis and leadership. The incumbent plays a key role in the application of IFRS 17, managing SAM reporting and enhancing financial systems and controls.
• Lead the preparation of monthly management accounts and annual financial statements in accordance with IFRS.
• Oversee the implementation and compliance of IFRS 17 across finance operations.
• Manage and submit SAM (Solvency Assessment and Management) reports, ensuring regulatory compliance.
• Develop and maintain financial policies, guidelines and protocols to uphold regulatory standards and best practices.
• Drive strategic investment decisions and oversee client investment portfolio performance.
• Conduct financial risk assessments and escalate findings to compliance and risk management teams.
• Enhance financial processes, systems and internal controls to improve operational efficiency.
• Lead financial systems changes by engaging stakeholders, identifying requirements and delivering solutions.
• Analyze complex financial data from multiple sources to support business decisions and performance monitoring.
• Represent the finance department in client meetings, presenting financial results and addressing inquiries.
• Manage premium collections and recommend actions for delinquent accounts.
• Evaluate client business plans, underwriting and reinsurance terms for financial viability.
• Contribute to business planning, forecasting and budgeting processes aligned with strategic goals.
• Monitor operational compliance and resolve noncompliance issues within finance operations.
• Provide expert advice on financial policies and procedures, resolving complex queries.
• Lead and mentor finance teams, including Client Services, Operational Finance Graduates and Accountants.
• Set performance objectives, monitor team performance and implement corrective actions as needed.
• Identify and address team development needs, fostering professional growth and capability building.
• Manage the SASRIA finance function and coordinate related audits.

Qualifications & Experience

• CA(SA) or equivalent professional accounting qualification.
• Minimum 2–5 years of post-qualification experience in financial accounting, preferably within the insurance sector.
• Extensive knowledge of IFRS, including IFRS 17.
• Proven experience in financial reporting, budgeting and audit coordination.
• Demonstrated leadership in managing diverse finance teams and mentoring junior professionals.

Technical Skills

• Advanced proficiency in Microsoft Excel and financial modeling.
• Strong experience in SAM reporting and regulatory submissions.
• Expertise in data analysis and interpretation of complex financial datasets.
• Experience with financial systems, Oracle, or similar platforms.
• Knowledge of insurance finance operations and reporting, including SASRIA and cell captive insurance business.

Competencies

• Strategic thinking and financial acumen.
• Strong analytical and problem-solving capabilities.
• Excellent communication and stakeholder engagement skills.
• High attention to detail and commitment to accuracy.
• Ability to manage multiple priorities under pressure.
• Leadership and team development proficiency.

Skills

• Accounting, Action Planning, Budget Management, Business Planning, Business Requirements Analysis, Data Compilation, Data Controls, Evaluating Information, Finance, Financial Accounting, Financial Acumen, Financial Analysis, Financial Auditing, Financial Modeling, Financial Reports, Management Accounting, Report Review

Competencies

• Builds Effective Teams
• Business Insight
• Communicates Effectively
• Ensures Accountability
• Financial Acumen
• Manages Complexity
• Optimizes Work Processes
• Organizational Savvy

Education

• Chartered Accountant: Accounting (Required), NQF Level 9 – Masters

Closing Date

• 09 October 2025

Method of Application
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