Job Description

Who are we?

Sanlam Investment Group

The Sanlam Investment Group is uniquely equipped and positioned to deliver on its purpose of empowering generations to be financially confident, secure and prosperous. Through our vast in-house expertise and strategic partner networks, we can access all asset classes across the globe, private and public, actively and passively managed, to develop investment solutions that are in our clients' best interests and have a positive impact on society. Backed by the Sanlam Group's balance sheet, the Sanlam Investment Group has a true competitive advantage in its ability to invest alongside clients, particularly in private markets where impact investing drives the agenda.



The Sanlam Investment Group is one of the largest, most diversified financial services and investment firms in Southern Africa with assets under management and administration of more than R2 trillion. It is a B-BBEE level 1 contributor and one of the largest black-empowered asset managers on the African continent.

Sanlam Alternative Investments (SAI)

The purpose Sanlam Alternative Investments (SAI) business is to help build the African continent and make a real sustainable difference in the emerging economies in which we operate in, aligning to the Sanlam Group's mission of financial inclusion. The SAI business has a broad range of capabilities that include Private Equity, Specialised Finance, Property, Infrastructure and Partnerships. Sanlam is the biggest non-banking financial institution on the continent, operating in Africa for over 100 years.

What will you do?

This is a 12-months Fixed-Term Contract role. Responsibile for the Financial portfolio management of SAREA including valuations, financials, treasury and regulatory reporting for the vehicle which it advises, Sanlam Africa Core Real Estate Investments Limited (SACREIL), domiciled in Mauritius and its subsidiary entities and entities in which SACREIL has an ultimate ownership stake to contribute to, and support the financial decision-making process of the SAREA executive team and board.

Key Responsibilities include:

1. Financial Management of SAREA:

The day-to-day financial management of SAREA is outsourced to Sanlam Investments (SI) Finance team and the role will be required to manage the relationship with SI Finance including:

Reviewing monthly accounts and ensuring monthly reporting Preparing the annual budget and updated forecasts Quarterly management reporting to the SAREA Board and SI Alternatives Exco

2. Outsourced Financial Management of SACREIL:

SACREIL does not have any employees and is managed by its Board as assisted by the Audit and Risk Management Committee (ARMC) with certain investment and portfolio management functions outsourced to SAREA and other administrative, compliance and company secretarial functions outsourced to Intercontinental Trust Limited (ITL) and Lango Real Estate. The role is required to continue improvement of the internal financial controls across the SACREIL group of companies, and manage the relationship with the ARMC , ITL and Lango Real Estate with respect to:

Management accounts, including the management accounts of all of SACREIL's subsidiaries and other investment entities in Mauritius and the relevant countries in which its properties are located Oversight of the internal valuations of the SACREIL property portfolio on a quarterly basis Quarterly financial reporting to the ARMC and SACREIL Board Quarterly reporting on the ARMC terms of reference checklist Preparation of SACREIL's quarterly published accounts when required Review of the calculation for quarterly Advisory fee due to SAREA Review the dividend calculation per SACREIL's dividend policy and ensure regulatory compliance Liaison with the auditors for the SACREIL and its underlying investee entities Preparing SACREIL's annual financial statements (AFS) and annual report and providing oversight on the preparation of SACREIL's subsidiaries' AFS Liaison with the tax advisors for the SACREIL group entities and review of tax computations Consolidation of SACREIL's accounts into the Sanlam Group accounts semi-annually Preparing SAREA's representation to SACREIL, and SACREIL's representation to Sanlam Group semi-annually Preparing the SACREIL annual budget and updated forecasts and reviewing the in- country budgets

3. Treasury Management:

Strategically overseeing the Group's treasury function, ensuring elective liquidity management and cash flow monitoring. Ultimately enabling the 11 entities in the SACREIL Group to pass the going concern assumption. This includes facilitation and overseeing:

Ensuring that all 11 entities in the SACREIL Group and SAREA meets its cash needs Ensuring debt covenants are met, maintained and reported on a quarterly basis Manage third party and related party loan interest and capital repayments, and redirect cash flows accordingly Negotiate limits, covenants and repayments with lenders Ensure compliance to all debt agreements and implement changes when necessary
Key Responsibilities cont...

4. Tax management and compliance

Liaise with the tax advisors for the 11 SACREIL group entities and review of tax computations Oversee tax audits and return submissions of all 11 SACREL entities Liaison with Sanlam Group tax division and attend to queries and reviews of the portfolio (Controlled Foreign Corporation "CFCs", etc. submissions)

5. Asset Management and Operations:

Portfolio Valuation:

Oversee and steer the annual external valuation process Prepare the quarterly internal valuations of the SACREIL portfolio assets Maintain and report on portfolio valuations for disposals, financial reporting, and for stakeholders like financiers Coordinate with property management teams to gather portfolio data for analysis and prepare required reports, including lease expiry profiles and sector segmental analysis

Leasing:

Support the management teams and property managers in implementing strategies to achieve key performance indicators Support the negotiation and finalize leasing deals as necessary Ensure timely renewal of lease agreements

Arrears Management:

Manage debtors monthly, ensuring legal processes are followed when necessary and in line with company policy Drive improvements in debtor management and collections

Contractual Compliance:

Ensure compliance with property and asset management agreements Ensure all assets are adequately insured

What will make you successful in this role?

Knowledge and Skills

Financial Analysis Financial Information Review Financial Reporting Financial Planning and Recommendations Financial Controls

Qualification and Experience

Qualified CA with 3 to 5 years related experience.

Knowledge and Skills

Financial Analysis
Financial Information Review
Financial Reporting
Financial planning and recommendations
Financial Controls

Personal Attributes

Communicates effectively - Contributing through others
Decision quality - Contributing through others
Manages complexity - 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 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 Competencies

Being resilient - Contributing through others
Collaborates - Contributing through others
Customer focus - Contributing through others
Cultivates innovation - 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.

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 ensure 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.