Momentum Metropolitan Holdings Limited is the former name of a large, South African-based financial services group now known as Momentum Group Limited. The name change took effect on July 17, 2024, to simplify the brand and align with other major listed groups in South Africa. Momentum Group is one of South Africa’s largest life insurers and integrated financial services companies. It operates in 11 countries and is listed on the Johannesburg Stock Exchange (JSE) under the code MTM.

Role Purpose

• You will be responsible for accounting and financial reporting activities to support the growth and development of the Momentum Retirement Administrators (MRA) business.

Requirements
Experience and Qualifications:

• Bachelor of Commerce (Accounting as Major).
• 5 – 7 Years’ experience in a financial or employee benefit environment.
• 5 Years’ Fund Accounting experience.

Duties & Responsibilities

• Maintain the general ledgers.
• Reconcile two tier balance sheet items.
• Independently prepare monthly management accounts and annual financial statements.
• Independently prepare monthly statements of cashflows within agreed timelines.
• Independently prepare audit files for annual audits and statutory valuations.
• Independently prepare and confirm monthly financial reports.Ensure that all statutory information for the fund is available at all times.
• Respond to audit requirements and queries and ensure audit and valuation recommendations are implemented.
• Prepare monthly general ledger reconciliations for the fund.
• Reconcile investment trial balances on a monthly basis.
• Review and analyse money movement on a daily basis.
• Perform bank reconciliations.
• Prepare and submit monthly PAYE returns to SARS.
• Process journals on the general ledger system within the agreed time.
• Comply with the rules of the Pension Fund, the Pension Fund Act and all requirements of the FSCA.
• Prepare asset and liability matching on a monthly basis.
• Prepare and submit annual financial statements of pension fund.

Competencies

• Accountability.
• Accuracy.
• Attention to detail.
• Analytical thinking.
• Teamwork.
• Communicating with impact.