Who are we?
Sanlam was established as a life insurance company in South Africa but has since transformed into a diversified financial services group that operates across the African continent, India, Malaysia and selected developed markets, with listings on the Johannesburg, A2X and Namibian stock exchanges. In 2018 the Group celebrated its centenary as well as 20 years since demutualisation and listing in South Africa and Namibia. Sanlam is one of the largest internationally active insurance groups in the world with a presence in 43 countries and has the biggest non-banking financial services footprint on the African continent.
The Group's four business clusters (Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets and Santam) house the Group's business operations. The Group Office provides strategic direction and support to the four clusters, assisting them in realising their strategies and meeting their business objectives. The Group Office is responsible for governance and for the Group's centralised functions, which include: Finance, Actuarial and Risk Management, Strategy, Human Resources, Market Development and Brand Services.
What will you do?
Assist with financial analyses or responsible for a division providing financial accounting services. Applies principles of accounting to analyse financial information and prepare financial reports. Compiles and analyses financial information to prepare entries to accounts, such as general ledger accounts, documenting business transactions. Prepares balance sheets, profit and loss statements and other reports to summarize and interpret current and projected company financial position for other managers. Audits contracts, orders and vouchers and prepares reports to substantiate individual transactions prior to settlement. Installs, modifies, documents and coordinates implementation of accounting systems and control procedures. May have supervisory and/or client relationship responsibilities.
What will make you successful in this role?
Management reporting duties:
Preparing monthly management reporting to Sanlam Limited EXCO.
Assist in preparing annual Group budget.
Trial balance controls/Reconciliation accounts.
Interim and annual reporting: Preparation and/or co-ordinating of the Shareholders Information
Support IFRS 17 implementation for management reporting
Statutory reporting duties:
Preparation and coordinating of reports and notes in respect of the interim and annual reporting periods (not limited to annual financial statements only):
Sanlam Limited
Sanlam Life Insurance Limited group and company
Sanlam Group
General IFRS technical support to the rest of the Sanlam Group, including training sessions (group and/or individual)
Maintaining of a high level of technical competence in the areas of IFRS
Other JSE related reporting requirements: Completion of checklists, SENS announcement, Summarised results, advertisements (but not limited to).
Regulatory reporting:
Assist with regulatory reporting as and when required
Other functions:
Updating of various group reporting timetables and key deliverables
Documenting guidelines, processes and procedures where appropriate
Audit liaison during interim and year end reporting periods
Functional and user acceptance testing of all relevant systems as and when required
All other ad hoc tasks that may be required from time to time
Qualification and Experience
Qualification & professional accredication
Qualified CA (SA)
Experience
2-4 years (minimum) in an accounting/financial environment
Similar relevant experience in the insurance/financial industry
Experience in using Sanlam’s financial reporting systems (Walker/Essbase/Hyperion Financial Management) will be to your advantage
Specialist Knowledge (preferably insurance industry) - Understands technical or professional aspects of work and continually maintains technical knowledge (eg IFRS)
Knowledge and Skills
Financial Queries and Recommendations
Financial Controls
Financial Reporting
Financial Information Review
Financial Analysis
Personal Attributes
Communicates effectively - Contributing through others
Financial acumen - Contributing through others
Decision quality - Contributing through others
Optimises work processes - Contributing through others
Strategic mindset - Contributing through others
Plans and aligns - Contributing through others
Build a successful career with us
We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth.
Through its four business clusters – Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.
Core Competencies
Being resilient - Contributing through others
Collaborates - Contributing through others
Cultivates innovation - Contributing through others
Customer focus - Contributing through others
Drives results - Contributing through others
Turnaround time
The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers. The application process will be closing on 7 July 2021.
Our commitment to transformation
The Sanlam Group is committed to achieving transformation and embraces diversity. This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa. The Group's Employment Equity plan and targets will be considered as part of the selection process.
