Job Description

Who are we?

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.

Sanlam Risk and Savings (SRS), which is one of the businesses within Sanlam Retail Affluent, offers risk and recurring saving solutions to various segments within the market.

Purpose of the role

The Financial Accountant is responsible for effective cost management within the SRA governance framework (including actual cost, budgeting and forecasting), day-to-day procure to pay process, month-end income statement and balance sheet reconciliations or analysis, journal processing, credit card reconciliations, compilation of scorecard, capturing of Risk schedules and Financial losses on the Sanlam Risk management system, as well as any other financial tasks listed below.

What will you do?

Outputs? Core Tasks:

The key responsibilities of the role include the following:

1. Effective cost management and reporting.

• Monthly variance analysis and cost investigations.
• Monthly cost reporting to business unit Head of Departments.
• Budgeting and forecasting.
• Solve financial enquiries, investigations and problems on time and in an effective manner.
• Ensure effective controls and procedures are in place to adhere to approval framework.
• Process journals on SAP.
• Approve payments in accordance with the SRA approval framework on SAP.
• Report in-force units and policies.
• Perform reconciliation on certain income statements and balance sheet accounts.
• Attend to credit card reconciliations.

2. Compile (obtain, supply input and address outstanding items) the following documentation:

• SRS Scorecard
• SRS Risk Register
• SRS Financial losses
• Sanlam Life Retail TCF report

3. Assist with FCA models and cost allocations investigations when needed.
4. Ad hoc tasks and projects.

What will make you successful in this role?

Role Requirement:

Qualifications:

• Grade 12
• Relevant degree in Financial Accounting as major subject will be an advantage

Experience:

• At least 3-5 years relevant financial reporting experience within the Financial Services or Insurance industry
• Exposure in writing and analysing reports

Knowledge:

• Sound Financial Services industry knowledge
• Insurance industry knowledge will be an advantage
• Proficiency in SAP/4HANA will be an advantage

Competencies:

• Communicates effectively (verbal and written)
• Financial acumen
• Decision quality
• Analytical thinking
• Cultivates innovation
• Order and accuracy
• Plans and aligns
• Drives results
• Customer focus
• Collaborates
• Influencing / Gaining commitment
• Independence
• Being resilient
• Computer skills (MS Office - Excel advanced level)

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 independently

Collaborates - Contributing independently

Cultivates innovation - Contributing independently

Customer focus - Contributing independently

Drives results - Contributing independently

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: 21 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.

Sanlam