Finance Manager - Reporting

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Job Description

Old Mutual (Malawi) Ltd is seeking a highly experienced and commercially astute Finance Manager – Reporting to provide strategic financial leadership and ensure the financial integrity, sustainability, and performance of the Group. Reporting directly to the Group Chief Finance Officer (GCFO), the successful candidate will be responsible for leading financial reporting, budgeting, forecasting, business performance management, treasury oversight, regulatory compliance, risk management, and financial governance across the Group.

The role serves as a critical link between business operations, actuarial functions, finance teams, and key stakeholders, providing insightful financial analysis and strategic recommendations that support informed decision-making, sustainable growth, value creation, and regulatory compliance.

DUTIES & RESPONSIBILITIES

1. G roup Financial Reporting and Financial Control

• Lead the end-to-end Group financial reporting and consolidation process, ensuring accurate, complete and timely financial results.
• Coordinate the preparation of monthly, quarterly, interim and annual financial results for Group management, Board and external reporting purposes.
• Ensure compliance with IFRS, Group accounting policies, regulatory requirements and applicable financial reporting standards.
• Review and challenge financial results, accounting treatments, material movements and significant judgements.
• Ensure the integrity and reliability of financial data across Group entities.
• Lead the preparation of financial information and management reports for the GCFO, Group Executive Committee, Board and relevant governance committees.
• Ensure robust financial controls are maintained across Group finance processes.
• Identify control weaknesses, financial reporting risks and process gaps and drive appropriate remediation.
• Provide technical accounting guidance and support on complex transactions and financial reporting matters.
• Coordinate and oversee the resolution of financial reporting issues arising from internal and external audits.

2. Fi nancial Planning, Budgeting and Forecasting

• Lead the Group annual budgeting, forecasting and business planning processes.
• Consolidate and challenge business unit budgets and forecasts to ensure alignment with Group strategic objectives.
• Develop financial forecasts, scenarios and long-term financial plans to support strategic decision-making.
• Monitor performance against budgets, forecasts and strategic targets and provide recommendations on significant variances.
• Assess the financial implications of strategic initiatives, business plans and major investments.
• Provide forward-looking financial insight to support resource allocation and financial sustainability.

3. F inancial Performance and Strategic Finance

• Provide strategic financial analysis and insight to the GCFO and senior management on Group performance.
• Analyse revenue, expenses, profitability, capital utilisation, balance sheet performance and other key financial drivers.
• Identify financial trends, risks and opportunities and translate them into actionable recommendations.
• Lead the development of financial models and scenario analysis for strategic decision-making.
• Evaluate the financial viability and commercial sustainability of new products, business initiatives and strategic opportunities.
• Provide financial input into major strategic initiatives, restructuring, acquisitions, business expansion and other corporate transactions.
• Support the development and execution of the Group's financial strategy.
• Challenge business assumptions and promote financially disciplined decision-making across the Group.

4. Capital, Solvency and Balance Sheet Management

• Lead the financial analysis and monitoring of the Group's capital position and capital adequacy.
• Support the development, implementation and monitoring of the Group's Capital and Funding Plan.
• Monitor capital utilisation, capital requirements and capital efficiency across the Group.
• Provide financial insight and recommendations on capital allocation and optimisation.
• Monitor solvency positions and emerging solvency risks and provide timely recommendations to the GCFO.
• Assess the impact of business decisions, strategic initiatives and balance sheet movements on capital and solvency.
• Lead financial analysis relating to balance sheet optimisation and sustainable capital deployment.
• Work closely with Actuarial, Risk, Investments and business leaders on matters affecting capital and solvency.

5. Treasury, Liquidity and Asset-Liability Management

• Provide oversight of Group treasury and liquidity management activities.
• Monitor Group cash flows, liquidity positions, funding requirements and liquidity risk exposures.
• Ensure appropriate liquidity management frameworks are maintained across the Group.
• Monitor asset-liability positions and identify material mismatches, exposures and emerging risks.
• Provide analysis and recommendations to optimise liquidity, funding and balance sheet performance.
• Support the development and monitoring of liquidity and funding strategies.
• Ensure treasury activities are aligned with Group risk appetite, capital requirements and financial strategy.
• Escalate significant liquidity, funding and balance sheet risks to the GCFO and relevant governance structures.

6. Credit Risk and Enterprise Financial Risk

• Provide financial oversight and analysis of material credit risk exposures across the Group.
• Monitor key credit risk indicators, concentrations and emerging financial risks.
• Analyse the financial impact of credit risk exposures and recommend appropriate mitigation measures.
• Work closely with Risk, Investments and relevant business functions to monitor and manage financial risk exposures.
• Contribute to the identification, assessment and management of enterprise-wide financial risks.
• Ensure material financial risks are appropriately quantified, monitored, reported and escalated.
• Provide financial input into the Group's enterprise risk management framework and risk appetite processes.

7. Regulatory, Tax, Audit and Financial Governance

• Ensure accurate and timely submission of statutory and regulatory financial returns.
• Maintain appropriate financial policies, accounting guidelines, procedures and governance frameworks.
• Ensure compliance with applicable tax, statutory, regulatory and Group requirements.
• Lead the finance function's engagement with internal and external auditors.
• Oversee the resolution of audit findings and implementation of agreed management actions.
• Ensure appropriate financial governance, controls and reporting disciplines are maintained across Group entities.
• Provide financial input into governance committees and regulatory engagements where required.
• Monitor significant regulatory and accounting developments and assess their implications for the Group.

8. Finance Transformation and Process Improvement

• Lead Group Finance transformation initiatives aimed at improving efficiency, control, reporting quality and decision support.
• Drive automation, digitisation and standardisation of finance processes.
• Identify opportunities to improve the quality, accessibility and timeliness of management information.
• Partner with Technology and other functions to enhance financial systems, reporting platforms and data capabilities.
• Lead the implementation of finance-related systems, process and reporting improvements.
• Promote the use of data analytics and technology to strengthen financial decision-making.

9. Strategic Business Partnering

• Act as a senior financial adviser and thought partner to the GCFO, Group Executive Committee and business leaders.
• Provide independent and objective financial insight to support strategic decisions.
• Translate complex financial information into clear commercial and strategic recommendations.
• Partner with business leaders to drive profitability, efficiency, capital discipline and sustainable growth.
• Represent Group Finance on strategic projects and key cross-functional initiatives.
• Build strong working relationships with Actuarial, Risk, Investments, Operations, Technology and other critical functions.
• Influence senior stakeholders and constructively challenge decisions where financial, capital, risk or governance considerations require attention.

10. Leadership and People Management

• Provide leadership, coaching and technical direction to the Group Finance team.
• Establish clear performance expectations and ensure delivery against agreed objectives.
• Build a high-performance culture focused on accountability, collaboration, technical excellence and continuous improvement.
• Develop finance capability and strengthen the technical and commercial competence of team members.
• Identify and develop high-potential talent and support succession planning within Group Finance.
• Promote professional standards, ethical conduct and strong financial governance.

QUALIFICATIONS AND EXPERIENCE

• Bachelor’s degree in accounting, Finance, Economics, Business Administration or a related discipline.
• A recognised professional accounting qualification such as CA, ACCA, CIMA, ICAM or equivalent.
• Strong technical knowledge of IFRS, financial reporting and financial management principles.
• At least 6–8 years' relevant experience in Finance, preferably within insurance or the broader financial services sector.
• 3-5 years’ experience in Group financial reporting, consolidation, financial planning and performance management.
• Proven experience in a senior finance management role with exposure to executive-level decision-making.

SKILLS AND PERSONAL ATTRIBUTES

• Strategic Thinking
• Strong Analytical and Problem-Solving Skills
• Commercial Acumen
• Decision-Making and Judgment
• Leadership and People Development
• Excellent Communication and Presentation Skills
• Stakeholder Management and Influencing Skills
• High Attention to Detail and Accuracy
• Integrity and Professionalism
• Ability to Manage Complexity and Change
• Strong Governance and Compliance Discipline

na

Skills

Competencies

Balances Stakeholders

Builds Effective Teams

Business Insight

Collaborates

Communicates Effectively

Courage

Cultivates Innovation

Ensures Accountability

Education

Closing Date

08 September 2026 , 23:59

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