South Africa Job Openings
Sanlam
Financial Accountant: Group Financial Reporting
FULL TIME
October 29, 2024
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?
This is a specialist management support role within a business unit that does not have any direct reports. This role collaborates with senior managers in Group Office to develop and manage their budgets. They also advise senior managers of the financial implications of decisions and monitor actual performance versus budget and report variances to management. Policy adherence is also managed in this by this individual.
Responsibilities of the job include:
-
Reporting:
- Preparing accurate month-end reports for management for each cost centre and area
- Providing insights on the reports to the management
- Prepare monthly account recons
- Prepare monthly SAP journals
- Ensure charge outs are correct and charged to the correct areas timeously considering the previous tax legislations
- Approval of invoices to ensure proper delegation of authority applied
-
Budgets & Forecasting:
- Preparation of budgets within the relevant guidance
- Tracking, reporting, and analysing budget variances
- Ensuring any budget deviations are escalated appropriately
- Ensure that regular forecast updates as
-
Compliance:
- Ensuring compliance with policies and reporting any deviations to management
- Stakeholder management
- Attending teams’ meetings with the BU’s in Group Office
- Building collaborative relationships across Group Office
What will make you successful in this role?
- Strong communication skills, which include the capacity to communicate both vocally and nonverbally.
- Time management, to balance and prioritise duties in a way that allows you to complete your job on time while still preserving a work-life balance.
- Being detail-oriented, to pay close attention to the smallest of details. Accountants are thorough in their preparation and analysis of financial records. Other soft skills you may consider cultivating include analytical thinking abilities, negotiation skills and interpersonal skills.
- Knowing how to express complex ideas simply may be beneficial, may explain concepts to a variety of audiences.
Qualification and Experience
- Relevant Degree or Diploma
- 3-5 Related industry experience.
Knowledge and Skills
Financial planning and recommendations
Reporting
Financial Reporting
Financial Information Processing
Personal Attributes
Action orientated - Contributing independently
Financial acumen - Contributing independently
Optimises work processes - Contributing independently
Plans and aligns - Contributing independently
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 Mi Way 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.
The closing date for applications are 11 November 2024
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.
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