Reporting to the Internal Controls Specialist, the successful candidate will be responsible for supporting the Company’s internal control environment and ensuring adherence to established policies, procedures, and regulatory requirements.
Job Summary
- Employer: Old Mutual
- Job Type: Full-time
- Location: Blantyre, Malawi
- Category: Accounting
- Closing Date: 2026-10-15
Key Responsibilities
- Conducting revenue assurance reviews and activities aimed at identifying and preventing revenue leakages.
- Reviewing and evaluating internal controls, systems, and operational processes.
- Conducting monitoring and cost control reviews to enhance operational efficiency and effectiveness.
- Ensuring compliance with applicable laws, regulations, standards, internal policies, and procedures.
- Preparation of reports on completed assignments, weekly, monthly, and quarterly basis.
- Performing any other duties as may be assigned from time to time.
Requirements
- Bachelor Of Accountancy: Internal Auditing
How to Apply
To apply, please visit: oldmutual.wd3.myworkdayjobs.com?
REF Code: JR-84325
About the Company
Old Mutual is a South African investment, savings, insurance, and banking group, operating across Africa. Headquartered in Cape Town, the company is listed on the Johannesburg Stock Exchange, the Zimbabwe Stock Exchange, the Namibian Stock Exchange, and the Botswana Stock Exchange.
Website: https://www.oldmutual.co.mw/
Frequently Asked Questions
What qualifications do I need to become an Internal Control Officer at Old Mutual in Malawi?
You typically need a bachelor's degree in Accounting, Finance, or a related field from a recognized Malawian university such as the University of Malawi or Mzuzu University. Professional certifications like ACCA, CIMA, or ICA Malawi membership significantly strengthen your application. Some employers also prefer candidates with 2-4 years of experience in audit, risk, or internal control roles.
What are the day-to-day responsibilities of an Internal Control Officer?
You will evaluate and test internal controls across business units, identify operational risks, and recommend process improvements. Daily tasks include reviewing financial transactions, conducting compliance checks, preparing audit reports, and working with department heads to address control weaknesses. You may also investigate irregularities and support external audit processes.
How does the work culture at insurance companies like Old Mutual differ in Malawi?
Malawian corporate culture emphasizes respect for hierarchy, punctuality, and formal communication with senior management. Insurance firms typically maintain structured work environments with regular reporting lines and collaborative team settings. Professional dress codes are standard, and relationship-building with colleagues across departments is valued for effective control implementation.
What career progression opportunities exist for Internal Control Officers in Malawi?
With experience, you can advance to Senior Internal Control Officer, Internal Audit Manager, or Risk Manager positions within 5-7 years. Some professionals transition into broader finance roles like Financial Controller or Chief Risk Officer. Additional certifications and specialized training in data analytics or fraud examination accelerate promotion prospects.
What employee benefits are typically offered for this role in Malawi?
Standard benefits usually include annual leave of 18-24 days, medical aid coverage, and pension contributions compliant with Malawi's pension regulations. Larger employers often provide group life insurance, funeral cover, and performance bonuses. Some firms offer professional development support for pursuing additional certifications.
How should I apply and what do Malawian employers prioritize in candidates?
Submit your application through official company career portals or reputable job platforms like MyJobo Malawi or LinkedIn, ensuring your CV highlights relevant audit experience and certifications. Employers prioritize demonstrated integrity, attention to detail, and familiarity with Malawian regulatory frameworks including Reserve Bank and Insurance Commission guidelines. Strong references from previous supervisors and proficiency in data analysis tools improve your competitiveness.