The Sanlam Retail Affluent business (SRA) is dedicated to empower South Africans in the middle- and upper-income segments to be financially confident, secure and prosperous. With deep client understanding and a focus on excellence in technology, client and intermediary experiences, SRA delivers financial solutions including comprehensive financial planning, life- and disability insurance, credit solutions, savings and investments, retirement and fiduciary services that can be accessed through various platforms.
We believe in creating and cultivating a positive, energised working environment that gives you every opportunity to achieve success. Sanlam is committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society, as well as people with disabilities.
What will you do?
Outputs/Core Tasks
Sanlam Risk & Savings (SRS), which is one of the businesses within Sanlam Retail Affluent, offers risk and recurring saving solutions to various segments within the market.
Currently we have 2 vacant SRS Financial Manager positions available within the business, focussing on the Risk and Savings, and Closed Book products respectively.
The SRS Financial Manager is responsible for the management accounting function in the business, providing sound financial advice, ensuring that stringent and rigorous accounting processes and controls are in place, ensuring accurate reporting of financial results, ongoing operations are financially sound and operates within SRA governance framework.
Reporting to the SRS Senior Financial Manager, will support and be responsible for finance operations of the SRS business and assist in implementation of the business strategy in alignment with the company culture and ensuring that it is financially sound.
What will you do?
The Key Responsibilities Of The Role Include The Following
- Financial reporting including Balanced Scorecard, Treating Customers Fairly (TCF) and Risk Management.
- Budgeting and forecasting for New Business Volumes, Profit, Value of New Business (VNB), Return of Group Equity Value (ROGEV) and Expenses.
- Translating impact of financial decisions into business impact on Equity Value (EV), VNB, Profit and other measures.
- Expense tracking, management and reporting, including providing input into SRA cost allocation model, and maintaining the unit cost.
- Optimising and influencing of cost efficiencies.
- Supporting and development of accounting solutions and standards.
- Assisting with implementation of strategies and projects.
- Pro-actively engaging with SRA Finance colleagues and driving plans to ensure successful implementation.
- Ensuring effective controls and procedures are in place, and adhere to approval framework.
- Liaising with all internal and external stakeholders e.g. Actuarial, IT, Shared Services and auditors.
- Pro-active detection and management of risks.
- Identifying BI opportunities to drive informed and data driven decisions in the business.
- Providing regular feedback on critical issues.
Qualifications
Role Requirements:
- Chartered Accountant (CA).
- At least 3-5 years relevant insurance reporting experience.
- Sound Financial Services Industry, preferably Insurance Industry knowledge.
- Knowledge of Sanlams financial reporting systems.
- Understanding actuarial calculated profit, VNB and EV principles.
- Understanding of reinsurance.
- Communicates effectively
- Decision quality
- Analytical thinking
- Cultivates innovation
- Concern for accuracy
- Plans and aligns
- Customer focus
- Collaborates
- Drives results
- Persuades
- Independence
- Being resilient
- Computer skills (Excel advanced level)
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.
Closing date: 14 August 2023
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.
