OMF Business Partner: Finance

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Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

Manage and coordinate the company's financial function, including general accounting, cost management, budgeting, and payroll, following 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.

Old Mutual Finance was established in 2008 to provide unsecured lending products and services to the South African market. The business started with a staff complement of 34 and has since grown to over 3000 staff with more than 300 branches nationally. Within our branches we offer insurance, lending products as well as servicing. 

OMF is seeking to hire a Finance: Business Partner, the role will report to the OMF Senior Finance Manager. The Finance: Business Partner will provide guidance and support to EXCO and the rest of the business in dealing with all aspects of finance in order to achieve strategic and operational goals.

Job Summary

• Perform analysis in business areas and provide insights to management on how to improve financial performance

• Guide business in implementing appropriate initiatives to meet strategic targets as well as budgets

• Develops, reports on and interprets cost drivers, KPIs and benchmarks

• Identify trends in business and financial implications

• Provide assistance with the financial aspects of projects

• Provide general commercial advice to business areas

• Provide the link between the business and finance areas

• Challenge, guide and support the business areas with product costing and pricing

• Financial modelling to support feasibility studies/business cases for new initiatives

• Comparison of Financial performance against relevant competitors

Responsibilities

• Financial Policies, Guidelines, and Protocols

• Create a plan to deliver and review financial policies, guidelines, and protocols to ensure the company complies with regulations and good financial practice.

• Financial Management and Control

• Develop and/or deliver a plan for significant aspects of the financial management and/or control process.

• Financial Modeling

• Translate business objectives into clearly defined business cases, costs, and schedules to support growth in the business.

• Data Collection and Analysis

• Use data from a wide range of sources to analyze key themes and identify possible impacts on the business.

• Organizational Risk Management

• Develop and/or deliver a contingency plan for significant aspects of the risk management and/or risk control processes.

• Financial Information Systems

• Plan and deliver financial systems changes and manage the team on a day-to-day basis to meet project timelines and quality and budget requirements. Engage with finance users to identify requirements, and work with the team to design solutions.

• Functional Strategy Formation

• Contribute to the formation of a key element of functional strategy through specialist expertise and insights, to ensure that the strategy meets business needs.

• Information and Business Advice

• Provide specialist advice on the interpretation and application of policies and procedures, resolving complex or contentious queries and issues and enabling others to take appropriate actions.

• Leadership and Direction

• Communicate the actions needed to implement the function's strategy and business plan within the team; explain the relationship to the broader organization's mission, vision, and values; motivate people to commit to these and to do.

• Budgeting

• Deliver a budget for an area of the organization or conduct complex analyses on budget progress in other areas of the organization.

Minimum Requirements:

• A Chartered Accountant qualification is required or equivalent

• 3-5 Years of experience in business partnering and/or Financial planning & analysis

• Financial services experience is advantageous

Skills

Accounting, Adaptive Thinking, Budget Management, Business Requirements Analysis, Data Compilation, Data Controls, Evaluating Information, Financial Accounting, Financial Acumen, Financial Analysis, Financial Auditing, Financial Modeling, Management Accounting, Numerical Aptitude

Competencies

Business InsightDecision QualityEnsures AccountabilityFinancial AcumenInstills TrustManages ComplexityOptimizes Work ProcessesOrganizational Savvy

Education

Chartered Accountant

Closing Date

19 June 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.

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