Management Accountant at Old Mutual Limited

Blantyre, Blantyre, Malawi -

Full Time

Start Date

Immediate

Expiry Date

18 Jan, 26

Salary

0.0

Posted On

20 Oct, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

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

Industry

Financial Services

Description

Lets Write Africa's Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job Description na An exciting and challenging opportunity is available within Old Mutual Life Assurance Company (Malawi) Limited under the Finance Department. Applications are invited to fill the position of Management Accountant tenable in Blantyre. The successful candidate will play a pivotal role in ensuring the financial integrity, sustainability, and performance of the life insurance company. Reporting to the Head of Finance, the incumbent will oversee financial reporting, budgeting, performance management, and compliance with statutory and regulatory requirements. The Management Accountant will act as a key link between operational teams, actuarial functions, and providing financial insights that support strategic decision-making and long-term growth. Financial Management & Reporting Lead the preparation of monthly management accounts and monthly product fund accounts. Coordinate quarterly, interim and annual submissions of financial results for consolidation at Group level and reporting, ensuring accuracy and compliance with corporate timelines. Draft annual financial statements in alignment with International Financial Reporting Standards (IFRS). Maintain accurate financial records to support statutory and management reporting. Perform detailed variance analysis to uncover key value drivers and prepare comprehensive line of business reports for the Life segment for timely submission to stakeholders. Manage and timely submit regulatory reports including SAM (Solvency Assessment and Management) reports. Budgeting, Planning & Forecasting Develop and contribute to business planning, forecasting and budgeting processes aligned with strategic goals. Evaluate functional business plans for financial viability. Financial Analysis & Business Performance Analyze complex financial data from multiple sources to support business decisions and performance monitoring. Lead financial systems changes by engaging stakeholders, identifying requirements and delivering solutions. Represent the finance department in client meetings, presenting financial results and addressing inquiries. Provide expert advice on financial policies and procedures, resolving complex queries. Review premium revenues per product/segment for completeness, accuracy and VAT compliance. Compliance & Risk Management Support the Head of Finance to develop and maintain financial policies, guidelines and protocols to uphold regulatory standards and best practices. Conduct financial risk assessments and escalate findings to compliance and risk management teams. Enhance financial processes, systems and internal controls to improve operational efficiency. Monitor operational compliance and resolve noncompliance issues within finance operations. Oversee the preparation and submission of regulatory returns to the tax authority and other statutory bodies. Lead internal and external audit activities. Treasury & Cash Flow Management Support investment accounting and coordination with fund managers or investment teams. Leadership & Team Development Lead and mentor finance teams, including 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. 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 Insight Decision Quality Ensures Accountability Financial Acumen Instills Trust Manages Complexity Optimizes Work Processes Organizational Savvy Education Chartered Accountant: Accounting (Required) Closing Date 24 October 2025 , 23:59 The Old Mutual Story! 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.

Responsibilities

The Management Accountant will oversee financial reporting, budgeting, performance management, and compliance with statutory and regulatory requirements. They will act as a key link between operational teams and provide financial insights to support strategic decision-making and long-term growth.