Payables Officer

Old Mutual is Hiring a Payables Officer in Nairobi – Finance Career Opportunities

Old Mutual, a leading African financial services organization, is currently seeking a dedicated Payables Officer to join their dynamic finance team in Nairobi. This full-time position offers an excellent opportunity for finance professionals looking to advance their careers in the financial services industry while contributing to Africa’s growing financial landscape.

About Old Mutual – Your Next Career Destination

Old Mutual stands as a premium African financial services organization with a rich heritage spanning over 175 years. Operating across 14 countries, the company offers a comprehensive spectrum of financial solutions to both retail and corporate customers across key market segments. Their diverse portfolio includes Life and Savings, Property and Casualty, Asset Management, and Banking and Lending services. Old Mutual is deeply rooted in their purpose of “Championing Mutually Positive Futures Every Day” and maintains a strong belief that exceptional customer experiences are built upon outstanding employee experiences. As a firm believer in the African opportunity, Old Mutual’s diverse talent pool reflects their commitment to continental growth and development.

Job Overview – Payables Officer Position

This Payables Officer role represents a crucial position within Old Mutual’s finance department, focusing on ensuring the timely settlement of all company commitments. The successful candidate will play a vital role in maintaining financial integrity by following operational policies on expenditure while processing various payments. This position requires meticulous attention to detail and serves as a cornerstone for accurate financial reporting, supporting the preparation of annual financial statements, monthly management accounts, and audit requirements.

Key Responsibilities and Duties

Payment Processing Excellence

The Payables Officer will be responsible for processing a wide range of company payments, demonstrating versatility and expertise across multiple payment categories:

• Supplier and creditor payments management
• Agent and broker commissions, allowances, and bonus distributions
• Claims and withdrawal processing
• Redemption and disinvestment transactions
• Tax payment coordination
• Staff disbursement processing
• Fund-related payment management
• Payroll deduction payment processing
• Additional payment categories as assigned by management

Financial Reconciliation and Analysis

The role encompasses comprehensive reconciliation duties and analytical responsibilities:

• Reconciling various payables-related general ledger accounts
• Processing accruals and prepayments with precision
• Preparing detailed payables reports and conducting payment/expense analysis
• Serving as a bank agent for various transactions
• Conducting monthly reconciliation of supplier and stakeholder statements
• Managing remittance communications
• Executing additional duties as allocated by management

Requirements and Qualifications

Educational Background

Old Mutual seeks candidates with strong educational foundations in finance:

• NQF Level 7 qualification: Degree, Advanced Diploma, or Postgraduate Certificate (or equivalent)
• Degree in Finance or related field
• Certified Public Accountant (CPA) qualification preferred
• Experience within the financial services industry is highly valued

Essential Skills and Competencies

Technical Skills

The ideal candidate should demonstrate proficiency in:

• Accounting principles and practices
• Action planning and analytical thinking
• Budget management and data analysis
• Database reporting and data compilation
• Data controls and interpretation
• Information evaluation and financial acumen
• Financial auditing and management accounting
• Report review and solution analysis

Core Competencies

Successful candidates will exhibit:

• Strong business insight and effective communication skills
• Superior decision-making quality
• Accountability and financial acumen
• Ability to manage complexity
• Work process optimization capabilities
• Strategic planning and alignment skills

Career Opportunities at Old Mutual

This Payables Officer position offers exceptional career growth opportunities within one of Africa’s most respected financial institutions. Old Mutual jobs provide employees with the chance to contribute meaningfully to Africa’s financial development while building rewarding careers. The company’s commitment to employee development ensures that team members have access to continuous learning opportunities and career advancement paths.

Application Information

This exciting finance career opportunity is posted as job requisition ID JR-67194. The position was posted 2 days ago and applications will be accepted until the closing date of June 10, 2025, at 23:59. Interested candidates are encouraged to apply promptly for this full-time position based in Nairobi.

Why Choose Old Mutual Careers?

Old Mutual careers offer professionals the opportunity to be part of writing Africa’s story together. The organization’s commitment to championing mutually positive futures creates an environment where employees can thrive while making meaningful contributions to the continent’s financial landscape. Join Old Mutual and become part of a team that believes in the African opportunity and celebrates the diverse talent that drives their success.