12 Oct
Sanlam Group
Cape Town
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 31 countries and has the biggest non-banking financial services footprint on the African continent.The Group's five business clusters (Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group,
Sanlam Allianz and Santam) house the Group's business operations. The Group Office provides strategic direction and support to the five 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 Sustainability.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.Interim and annual reporting: Preparation and/or co-ordinating of the Shareholders Information sectionsProcessing of SAP journals, where applicableTrial balance controls/Reconciliation accounts where applicable, e.g.
Group OfficePrepare the monthly management reporting for India as well as the budgetsCo-ordination and consolidation of the Group functional costsStatutory reporting duties:Preparation and coordinating of reports in respect of the interim and annual reporting periods (not limited to annual financial statements only):Sanlam LimitedSanlam Life Insurance Limited group and companySanlam GroupCoordination of changes to the reporting suite listed above, including efficient and cost-effective typesetter engagement. Experience with Adobe Incopy will be to your advantage.Preparation of the India notes as part of the Group annual financial statementsPreparation of other subsidiary financial statements and management of audit process.Project involvement and implementation.Maintaining of a high level of technical competence in the areas of IFRS,
especially recent implemented standards like IFRS 17.Compliance/risk related tasks (where applicable):Maintenance of internal Risk and Control Frameworks (RACMs)Maintenance/update of processes (PRCMs) linked to risks identified in the RACMs aboveCoordinate the completion of SAP Control Self-Assessments (CSA's) within Group Finance Reporting.Facilitate the signage of representation letters by senior management for Group Office and India.Financial assistance:Maintenance of register: Letter of Support, Subordination and GuaranteesCompiling of tables for the financial assistance memoSupport to Group Compliance where additional information is requiredOther functions:Oversee the compilation of remuneration certificates and respective key management disclosures for other subsidiaries within the group,
including the facilitation of the audit process.Updating of various group reporting timetables and key deliverables in AsanaDocumenting guidelines, processes and procedures where appropriateAudit liaison during interim and year end reporting periodsFunctional and user acceptance testing of all relevant systems as and when requiredAll other ad hoc tasks that may be required from time to timeQualification and ExperienceQualified accountant (CA (SA))2-4 years (minimum) in an accounting/financial environmentSimilar relevant experience in the insurance/financial industryExperience in using Sanlam financial reporting systems (SAP/Hyperion Financial Management)
will be to your advantageWell informed about or proficient in the use of modern technology and digital solutionsSpecialist Knowledge (preferably insurance industry): Understands technical or professional aspects of work and continually maintains technical knowledge (eg IFRS)Knowledge and SkillsFinancial planning and recommendationsFinancial ControlsFinancial ReportingFinancial Information ReviewFinancial AnalysisPersonal AttributesCommunicates effectively - Contributing through othersFinancial acumen - Contributing through othersDecision quality - Contributing through othersOptimises work processes - Contributing through othersBuild a successful career with usWe'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 five business clusters - Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as MiWay and the Group Office - the group provides many opportunities for growth and development.Core CompetenciesBeing resilient - Contributing through othersCollaborates - Contributing through othersCultivates innovation - Contributing through othersCustomer focus - Contributing through othersDrives results - Contributing through othersTurnaround timeThe 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 closing date for applications is 11 October 2024Our commitment to transformationThe 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.
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▶️ Specialist Accountant: Group Financial Reporting
🖊️ Sanlam Group
📍 Cape Town