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General Ledger Maintenance Team Lead

Old Mutual Limited Ltd.
Johannesburg Johannesburg, Gauteng Gauteng, South Africa
Closing date
Mar 3, 2024

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Job Role
Contract Type
Full Time
Let's Write Africa's Story Together!

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

The Finance Technical Team Lead role resides within the Group Finance Operations & Enablement Team, with the primary responsibility of managing and leading Old Mutual's General Ledger Maintenance Team. This role also consists of overseeing transaction files flowing in from approximately 90 Source Systems, as well as, servicing the Inter- and Intra-company transactions for OML. Skilled experience with communication, collaboration and service delivery are required as the role engages with stakeholders across different teams (Finance and IT), various seniority levels and business units throughout the OML Group.

Primary Responsibilities
  • Leadership and Team Management:
  • Lead and supervise a team of finance professionals.
  • Set clear goals and expectations for the team.
  • Foster a collaborative and high-performance team culture.
  • General Ledger Management:
  • Oversee the maintenance and accuracy of the general ledger.
  • Ensure timely and accurate recording of financial transactions.
  • Review and approve journal entries, ensuring compliance with accounting standards.
  • Have an understanding the following Oracle Financials Cloud Modules: GL, AHCS, AGIS and AR, as a Subject Matter Expert.
  • Appreciate and ensure quality of data to downstream processes and systems which require the GL data for Financial Reporting.
  • Process Improvement:
  • Identify opportunities for process optimization and automation.
  • Implement improvements to enhance efficiency and accuracy in general ledger processes.
  • Stay updated on industry best practices and technological advancements, with a focus on Oracle Financials Cloud.
  • Compliance and Controls:
  • Establish and enforce internal controls to safeguard financial data
  • Ensure compliance with accounting regulations and standards.
  • Collaborate with internal and external auditors during audits.
  • System Maintenance and Upgrades:
  • Oversee the maintenance and proper functioning of the General Ledger module in the financial system.
  • Coordinate system upgrades and enhancements, working closely with IT teams.
  • Training and Development:
  • Provide training and guidance to team members on accounting principles and system use.
  • Encourage continuous learning and development within the team.
  • Cross-Functional Collaboration:
  • Collaborate with other departments, such as IT and Compliance (GR&I), to ensure integrated and cohesive financial processes.
  • Work with business partners to understand and address their financial reporting needs.
  • Problem Resolution:
  • Address and resolve issues related to the general ledger promptly.
  • Investigate discrepancies and implement corrective actions in collaboration with the IT Support teams.
  • Risk Management:
  • Identify and mitigate risks associated with general ledger processes.
  • Develop and implement risk management strategies.
  • Communication:
  • Communicate financial information and updates effectively to internal stakeholders.
  • Act as a liaison between the finance team and other departments.

Requirements: Skills, Qualifications and Experience required
  • Tertiary studies in a relevant Finance field (or currently studying towards a Finance Qualification).
  • Professional accounting qualification (e.g. ACCA, CIMA, AAT etc.) will be advantageous.
  • Oracle Financials experience (or similar Finance ERP experience) is a necessity for the role.
  • Minimum of 5 years relevant Oracle experience with at least
  • 2 years experience with managing and leading a team would be advantageous
  • Ability to work under tight time pressures.
  • Delivery and quality focused.
  • Willing to work extra hours during peak periods, if required (e.g. Financial year-end, quarterly reporting).
  • Ability to work independently as well as part of a team.

Personal Effectiveness
  • Accepts and lives our Old Mutual company values.
  • Individually accountable for managing own time, tasks, and output quality.
  • Makes increased contributions by broadening individual skills.
  • Collaborates effectively with others to achieve personal goals.
  • Communication and stakeholder engagement.

  • Technical Knowledge
  • Managing a Team
  • Information Monitoring
  • Oracle System Knowledge
  • Planning and Organizing
  • Time Management




Bachelors Degree (B) (Required)

Closing Date

01 March 2024

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.

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.

The Old Mutual Story!

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