Pension Accountant

Lets Write Africa's Story Together!

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

Job Description

To run the accounting function of the Pensions Umbrella in a professional manner to ensure the fund meets its obligations on a day-to-day process.

• To manage the liquidity of the pension fund on a day-to-day basis to ensure that the funds are always available to meet any obligation that may arise.
• Generates financial information and reports.
• Analyses and reports on variances in pensions reporting.
• Maintains suitable financial control environment.
• To run with the daily accounting function of the pension fund, to ensure all transactions are appropriately captured in the system and reflected accurately in the accounting records.
• To monitor the liquidity of the pensions scheme on a day to day, basis to ensure that the funds are always available to meet the settlement obligations as and when they arise.
• Provides assurance that the pension assets are safeguarded.
• Ensure that (external and internal) accounting procedures are being followed to ensure compliance with international financial reporting standards and regulatory requirements.
• Ensure that the quarterly and annual accounts are prepared within the stipulated time to assist management and the trustees in prompt decision making.
• Prepare monthly reconciliations of all investment banks, ensuring all transactions relating to purchase of investments, sale of investments, receipt of income, contributions, withdrawals and expenses are accurately captured in the accounting system.
• Prepare and reconcile the monthly investment schedules to the fund manager’s schedules as well as custodian’s schedules.
• Prepare the finance expenses budget and consolidate the same for Pensions.
• Ensure compliance with tax authorities and requirements of URBRA to avoid any regulatory compliance issues and fines.
• Prepare and settle all pension related supplier payments, accurately recording the transactions during the period incurred.

Support the financial controlling department with economic and financial analysis necessary for the operational and strategic management of the company or the business unit. Prepare financial analysis, reports, and budget forecasts. Participate in the company’s monthly and yearly closing. Contribute to the design and management of the budget process. Prevent inaccuracies in financial statements by setting up internal control systems and adopting proper policies for financial reporting. Review financial data periodically to ensure its fairness and completeness. Assist in special projects whenever asked.

ResponsibilitiesFinancial Management and Control

Monitor and analyze data using established finance systems and protocols.

Insights and Reporting

Extract and combine data to generate standard reports.

Information and Business Advice

Resolve complex queries from internal or external customers or suppliers by providing information on policies and/or procedures, referring the most complex issues to others.

Data Collection and Analysis

Collate and analyze data using preset tools, methods, and formats. Involves working independently.

Solutions Analysis

Find the most effective ways to respond to routine functional inquiries. Involves following procedures and precedents.

Project Management

Support others by carrying out a range of project management activities.

Financial Policies, Guidelines, and Protocols

Assist with the development and delivery of financial policies, guidelines, and protocols to ensure the company complies with regulations and good financial practice.

Operational Compliance

Develop knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct to ensure own work adheres to those standards. Obtain authorization from a supervisor or manager for any exceptions from mandatory procedure.

Personal Capability Building

Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching. Develop and maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.

Skills

Accounting, Accounting, Accounting Processes, Accounting Records, Accounting System, Accounts Payable Process, Annual Accounts, Budgeting, Budget Processes, Business, Codes of Conduct, Daily Accounting, Data Analysis, Design, Development Planning, Economics, Ensure Compliance, Expenses, External Customers, Finance, Financial Analysis, Financial Data, Financial Information, Financial Policy, Financial Reporting Standards (FRS) {+ 18 more}

Competencies

Business InsightCommunicates EffectivelyDecision QualityEnsures AccountabilityFinancial AcumenManages ComplexityOptimizes Work ProcessesPlans and Aligns

Education

Bachelors Degree (B): Accounting And Business Administration (Required), Bachelors Degree (B): Business Administration/Management (Required), Bachelors Degree (B): Finance And Management (Required)

Closing Date

15 May 2025 , 23:59

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