Sanlam Specialised Finance (SanFin) is responsible for creation of shared value for Sanlam, its shareholders, policy holders, and societies with in which it operates by managing financial risk, developing financial products, and balance sheet optimisation, pursuing investments and financing opportunities in assets, sectors, markets, organisations, and geographies that enable maximum return within acceptable risk parameters.
What will you do?
Employed in the SanFin Finance and Operations Division (FinOps) reporting to the Head of Finance. The role is responsible for the financial and management accounting function, including Expense Management, Accounts administration and Financial Reporting as an enablement that supports management decision making.
What will be your key responsibilities?
- Responsible for the overall expense management including budgeting and forecasting.
- Prepare and analyse monthly expense variance reports for each business unit.
- Ensure appropriate recording of expenses by working closely with and supervising Accounts Department.
- Drive the implementation and take ownership of a budgeting application for delivery of budget, forecast and projections for SanFin business.
- Develop and maintain effective expense management processes and procedures in support of financial strategies.
- Support and provide monthly financial reporting for management and Sanlam Group reporting purposes, which includes the preparation of management accounts and consolidations.
- Recommend cost optimization initiatives in value creation and efficiencies for the business.
- Take ownership of cost allocation basis and drive the process in support of business requirements.
- Develop costing models or techniques to analyse cost behaviour, drivers of costs, data and reports that provide relevant information and support management decision making.
- Enhance revenue reporting process for Business Units by developing financial models to support the process.
- Prepare and produce financial analysis of the business results (analytical review) and balance sheets that support such results.
- Prepare annual statutory financial statements per entity with relevant and appropriate accounting disclosures in terms of IFRS.
- Interacting with auditors to enable an efficient audit process.
- Involvement in taxation matters (specifically VAT) including the preparation of tax returns and liaison with Sanlam Group Tax Services.
- Incumbent will be involved in ad-hoc management accounting related projects and activities.
- BCom Accounting or equivalent qualification.
- Knowledge of JDE, IDU and HFM will be an added advantage.
- Minimum 5 years work experience in management accounting role within financial services industry.
- Budgeting and forecasting experience.
- Accounting and IFRS experience.
- Strong Microsoft Excel experience and skills.
- Sound understanding of management information.
- Team management and mentoring.
- Able to work underpressure and meet deadlines
Degree
Knowledge And Skills
Financial analysis and planning
Financial Management and controls
Financial Reporting
Financial risk and governance management
Management of employees
Cost Analysis
Project Management
Personal Attributes
Communicates effectively - Contributing through others
Decision quality - Contributing through others
Financial acumen - Contributing through others
Plans and aligns - Contributing through others
Manages complexity - Contributing through others
Build a successful career with us
Were 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
Cultivates innovation - Contributing through others
Customer focus - Contributing through others
Drives results - Contributing through others
Collaborates - Contributing through others
Being resilient - 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.
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.
