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Assistant Regulatory Accountant
Apply remote type Hybrid locations Pinelands time type Full time posted on Posted 2 Days Ago job requisition id JR-61282
Let's Write Africa's Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
The role is responsible for providing assistance with Old Mutual Life Assurance Company (South Africa) Limited’s (OMLAC (SA)) regulatory reporting to the Prudential Authority (PA) as well as other regulatory bodies and stakeholders. The role will report to the Regulatory Reporting Manager.
The successful candidate will be responsible for:
- Preparing the quarterly, bi–annual and annual South African Reserve Bank returns (B30, B31, C68, B16 and B21).
- Performing analytical reviews to explain movements as reported in the SARB returns.
- Creating and maintaining the list of local and foreign instruments and ensuring alignment of this across all the SARB returns.
- Working closely with the Investment Repository team to ensure that all assets are correctly reported for SARB reporting (i.e. Asset categorisation, sector categorisation, etc.)
- Driving the process to collate information (for example, premiums and claims) from the Business Units that is required for the various regulatory returns and analysing the data received to identify and explain significant movements.
- Preparing the SAM quarterly and annual premiums, claims and policy counts QRT’s.
- Collation of the participation information.
- Providing assistance with the preparation of other ad hoc regulatory reports or requests.
- Working within a team to ensure all submission deadlines are met.
- Adhering to very strict timelines to meet deadlines as set by the regulators.
Requirements:
- Recent BCom/Business Science graduate
- Minimum 2 years working experience in financial services
- HFM experience advantageous
- SAM and SARB reporting experience advantageous
- Attention to detail
- Ability to work with large volumes of data
- Strong analytical skills
- Good communication skills
- Able to assimilate a significant amount of information
- Able to work under pressure in a stressful environment
- Motivated self-starter
- Team player
- Proficient in Excel
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.
Closing Date: 16 January 2025 , 23:59
Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.
All prospective employees are required to disclose their vaccination status as part of the recruitment process.
Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.
About Us
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.
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