Old 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.

We are recruiting to fill the position of:

Job Title: Assistant Financial Accountant (OMAO)

Job Requisition ID: JR-23285
Location: Lagos
Employment Type:  Full time

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.

Application Closing Date
31st May, 2022.