Business Analyst
Old Mutual Limited · Cape Town, Western Cape, South Africa
Financial Services · 10,001+ employees
About the role
The Business Analyst will bridge the gap between Finance and Technology to deliver scalable and compliant financial solutions. They are responsible for analyzing business requirements, optimizing consolidation processes, and supporting month-end and year-end reporting cycles.
What they look for
Requirements
Candidates must have 5 to 8 years of experience in Business Analysis within the financial services or insurance sectors. A relevant degree or diploma in Finance or Information Systems is required, along with strong proficiency in financial reporting and system tools like Oracle Hyperion.
Full description
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 Business Analyst within the Group Finance Operations & Enablement team plays a critical role in bridging the gap between Finance and Technology to deliver scalable, efficient, and compliant finance solutions. The incumbent will partner with finance and IT stakeholders to analyse business requirements, optimise processes, support financial systems, and drive the delivery of strategic initiatives across the finance data and reporting landscape.
This role requires strong business analysis expertise, a solid understanding of financial reporting and consolidation processes, and the ability to translate complex business needs into functional solutions. The successful candidate will contribute to system improvements, data integrity, governance, testing, and continuous process enhancement while supporting key finance operations such as month-end and year-end reporting cycles.
Key Result Areas/Outputs:
Requirements & Stakeholder Management
- Lead the elicitation, analysis, and documentation of business and system requirements across finance and IT stakeholders
- Facilitate workshops, interviews, and working sessions to define clear, testable requirements
- Ensure full traceability from requirements through to delivery and testing
- Act as the primary liaison between Finance and Technology teams
Functional & Process Expertise
- Drive analysis and solution design across the application lifecycle including:
- Data integration (source systems to application)
- Metadata management (entities, accounts, hierarchies)
- Consolidation processes (intercompany eliminations, journals, FX translation)
- Reporting outputs and disclosures
- Support month-end and year-end close processes, ensuring system readiness and issue resolution
- Translate finance requirements into application rules, calculations, and functional specifications
Data & Impact Analysis
- Analyse financial and operational data to identify trends, risks, and business impacts
- Assess upstream and downstream impacts of changes across the finance data ecosystem
- Ensure data integrity, reconciliation, and alignment across systems
Process Improvement & “As Is / To Be” Design
- Document current and future-state processes across finance and reporting landscapes
- Identify inefficiencies and recommend improvements aligned to best practice
- Support continuous improvement of consolidation, reporting, and control processes
Solution Design & Delivery
- Contribute to solution design, ensuring alignment to architecture, data standards, and governance
- Define functional specifications for application enhancements and integrations
- Support Agile delivery including backlog refinement, sprint planning, and prioritisation
Testing & Quality Assurance
- Define test strategies, scenarios, and acceptance criteria
- Lead UAT for finance systems, ensuring business sign-off and readiness
- Validate that solutions meet functional, data, and reporting requirements
Governance, Risk & Compliance
- Ensure solutions comply with financial controls, audit requirements, and regulatory standards
- Support documentation required for audit and governance reviews
- Maintain strong control over financial data accuracy and reporting integrity
Personal Capability Building
- Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching; gain or maintain external professional accreditation, where relevant, to improve performance and fulfill personal potential.
- Maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending
- conferences, and reading specialist media.
Requirements: Skills, Qualifications and Experience required:
- 5 to 8 years’ experience in Business Analysis within Banking, Financial Services, or Insurance
- Educatuonal Requirements - Relevant Degree or Diploma in Finance /Honours in Information Systems /Business Analysis OR Postgraduate Diploma in Business Analysis or similar is preferred
- University short courses are advantageous
- Strong experience with Oracle Hyperion (EPM/HFM) stack and/or Oracle ERP SAAS and/or Accurate (automating reconciliation knowledge), would be advantageous
- Solid understanding of financial reporting, group consolidation, and finance controls
- Experience working in Agile delivery environments
- Proven capability in data analysis, solution design, testing, and stakeholder management
- Life insurance industry experience preferred
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Skills
Adaptive Thinking, Analytics Software, Business Case Development, Business Intelligence (BI) Analysis, Business Requirements Analysis, Business Requirements Elicitation, Computer Literacy, Current State Assessment, Database Reporting, Data Compilation, Data Controls, Gap Analysis, Readiness Assessments, Requirements Development, User Requirements Documentation
Competencies
Action Oriented
Business Insight
Cultivates Innovation
Decision Quality
Ensures Accountability
Manages Complexity
Nimble Learning
Optimizes Work Processes
Education
Bachelors Degree (B) (Required)
Closing Date
14 August 2026 , 23:59
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.
The Old Mutual Story!