Fund Accountant Job Opportunity at Old Mutual – Cape Town

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Fund Accountant Job Opportunity at Old Mutual – Cape Town (Hybrid) | Apply Before 12 July 2026

Are you an experienced accounting professional looking to advance your career in the financial services industry? Old Mutual is hiring a Fund Accountant to join its Cape Town office on a hybrid work model. This permanent position offers the opportunity to work with one of Africa’s most respected financial services organisations, managing investment funds, financial reporting, reconciliations, and regulatory compliance within the retirement fund environment.

If you have strong accounting knowledge, excellent analytical skills, and experience in financial services, this could be the perfect opportunity to grow your career with an employer committed to developing talent and championing Africa’s future.

Job Overview

Position: Fund Accountant
Company: Old Mutual South Africa
Location: Cape Town, Western Cape
Work Arrangement: Hybrid
Employment Type: Permanent
Reference Number: JR-78347
Industry: Financial Services | Asset Management | Investment Accounting
Closing Date: 12 July 2026 (23:59)

About Old Mutual

Old Mutual is a leading African financial services group operating in 14 countries across the continent. The company provides a wide range of financial solutions including life insurance, investments, retirement planning, asset management, banking, lending, and wealth management. With a strong focus on innovation, employee development, and customer service, Old Mutual continues to create opportunities for professionals who want to build rewarding careers.

Purpose of the Role

The Fund Accountant is responsible for ensuring the accuracy and integrity of financial records by performing investment accounting, reconciliations, financial reporting, journal processing, and statutory reporting. The successful candidate will help maintain strong financial controls while supporting retirement fund operations and regulatory compliance.

Key Responsibilities

  • Monitor investment assets held by asset managers against liability balances.
  • Investigate and resolve reconciliation variances.
  • Perform daily bank reconciliations.
  • Match asset and bank transactions with administration system trade instructions.
  • Maintain accurate general ledger accounts.
  • Prepare monthly investment fund reconciliation packs.
  • Compile quarterly management and board financial reports.
  • Prepare statutory returns including exchange control reporting.
  • Perform peer reviews of reconciliations where required.
  • Prepare balance sheet reconciliations and clear reconciling items.
  • Process accurate month-end and year-end journals.
  • Produce annual financial statements for Pension and Provident Funds.
  • Prepare audit working papers and support external and internal audits.
  • Maintain strong financial controls and identify process improvements.
  • Test, document and implement control enhancements.
  • Prepare and monitor PAYE reconciliations and resolve outstanding items.
  • Ensure compliance with accounting standards and regulatory requirements.

Minimum Requirements

  • Accounting Diploma, Advanced Diploma or BCom Degree in Accounting (NQF Level 7).
  • Minimum of 5 years’ experience in a similar accounting or fund accounting role.
  • Strong understanding of accounting principles and financial reporting.
  • Advanced Microsoft Excel skills.
  • Computer literacy in Microsoft Office.
  • Experience within the financial services sector.
  • Excellent analytical, numerical and problem-solving skills.

Advantageous Qualifications & Experience

  • Experience in the South African Retirement (Pension/Provident) Fund industry.
  • Experience preparing annual financial statements.
  • Knowledge of statutory reporting requirements.
  • Exposure to investment accounting and fund administration.
  • Experience working with auditors and regulatory reporting.

Core Skills

  • Financial Reporting
  • General Ledger Management
  • Investment Accounting
  • Trial Balance Preparation
  • Bank Reconciliations
  • Asset Reconciliations
  • Balance Sheet Reconciliations
  • Journal Processing
  • Financial Analysis
  • Advanced Microsoft Excel
  • Financial Controls
  • Audit Preparation
  • Regulatory Compliance
  • Analytical Thinking
  • Attention to Detail

Competencies

  • Business Insight
  • Financial Acumen
  • Decision Quality
  • Accountability
  • Planning and Organisation
  • Effective Communication
  • Managing Complexity
  • Technology Savvy
  • Team Collaboration
  • Time Management

Why Join Old Mutual?

  • Join one of Africa’s largest financial services organisations.
  • Work in a flexible hybrid environment.
  • Build your career within a respected investment and retirement funds business.
  • Gain exposure to complex financial reporting and fund accounting.
  • Work alongside experienced finance professionals.
  • Access career development and internal growth opportunities.
  • Contribute to an organisation committed to transforming Africa’s financial future.

Employment Equity

Appointments will be made in accordance with Old Mutual South Africa’s Employment Equity Plan and the requirements of the relevant business unit.

How to Apply

Interested candidates should submit their application through the Old Mutual Careers website before the closing date.

Closing Date: 12 July 2026 at 23:59

Apply Here