Consolidation Reporting Business Partner

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Job Description

Key Result Areas / Outputs:

Financial Reporting

Accountable for the deliverables of the segment consolidation, which includes:

• The statutory OMLAC (SA) and/or OML consolidation supporting monthly reporting and the production of interim and annual financial Accessibility statements and related disclosure supplements of OMLAC (SA) and/or OML.
• Analyze and review the financial performance of the segments forming part of OMLAC(SA) as well as the consolidated Group, preparation of analytical reviews and write commentary as appropriate to assist understanding and insight
• Quarterly consolidation supporting where required
• Identify the need for consolidation journals and correcting entries to segment submissions and the Group consolidation and understand the impact on the Group result
• Preparation and/or review of relevant consolidation journals and consolidation proofs
• Review of business unit submissions, raising and efficient resolution of queries
• Prepare ad hoc information, presentations or reports and provide challenge and explanation to stakeholders where required
• Assist with management of the inter-company matching and eliminations processes
• Manage and maintain Disclosure Management System, the system used for the production of IFRS Financial Statements
• Management and preparation of ancillary information around the interim and year end reporting as appropriate
• Provide guidance to the team and segments on the practical application of technical accounting opinions (e.g. Accounting for business combinations in the Hyperion Financial Management system (HFM) to ensure complete and accurate reporting
• Leading various aspects of the external reporting process for the consolidated OMLAC (SA) and/or OML Group, including analytical review, drafting and completing financial statement disclosure notes, implementation of new accounting standards, and developing efficient data collection mechanisms as appropriate.
• Keeps abreast of current accounting and tax developments Governance & compliance. Integrating accounting, actuarial and tax knowledge in terms of analysis and interpretation of technical issues
• Ensuring compliance with International Financial Reporting Standards, Companies Act, JSE Listings Requirements and Group accounting policies through active engagement with segments, technical accounting, and accounting systems (HFM) teams
• Ensuring HFM structures and Chart of Accounts are accurate by timeously logging amendments as part of the HFM change release cycles
• Pro-actively reviewing and improving the consolidation process, including proposing and testing changes to the consolidation tool (HFM) as required
• Adherence to the financial and internal controls framework for Group Finance
• Management effectiveness
• Creating, maintaining and enhancing productive working relationships with segments and the wider IFRS Financial Reporting Team
• Business partnering with segment accounting teams by actively engaging with them in addressing key issues and providing advice on resolving those issues that may impact on the financial results of the Group
• Managing interdependencies and relationships with key stakeholders such as External Reporting, Internal Reporting, Regulatory Reporting, Balance Sheet Management, Group Actuarial, and Tax
• Liaising with auditors, ensuring the timely and accurate proofs, and audit trail for segment consolidation and the OMLAC(SA) and/or OML annual and interim financial statements
• Understanding the interactions of all financial reporting aspects of the Group and use this knowledge to provide advice to stakeholders as required
• Participating in and/or leading on other ad hoc projects and activities as appropriate
• Manage and prioritize multiple tasks

Skills

Competencies

Education

Closing Date

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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