The role

The Group Procurement team is seeking to hire a seasoned Finance Manager to be based at Santam Head Office in Tygervalley, Cape Town.

The Santam operating environment is complex, with responsibilities extending beyond Santam to include engagement with both its subsidiaries and the broader Sanlam Group. The incumbent will play a pivotal role in the financial planning, budgeting, performance management, and reporting of Group Procurement budgets and operational activities.

This role requires an individual who can effectively engage and influence stakeholders across all levels of the organisation, from junior management through to Manco, Exco members, and CFOs, as well as external suppliers and internal Group functions. Success in the role will depend on the ability to build and maintain strong, collaborative business relationships, navigate a diverse stakeholder landscape, and support strategic decision-making through sound financial and operational leadership.

Purpose of the Role

The incumbent will be responsible for the day to day financial management and operations in the Group Procurement (GP) Finance department.

Monthly financial management of the Group Procurement BAU financial position includes:

• Monthly reporting of the financial position against the budget across all Group Procurement cost centres in the Income Statement.
• Monthly consolidation of the Balance Sheet reconciliations specific to Group Procurement for review and sign off.  
• Management and reconciliation of the personnel and headcount across all Group Procurement cost centres for both permanent and contract resources.
• Analyse trends in expense bases relative to expectations and provide insight into cost optimisation and innovation.
• Processing of journal in general ledger and processing of invoices

• Group Procurement Finance Build/update a budget and billing models for  specific Group Procurement services

• Calculating the total cost of Group Procurement Service across the Sanlam/Santam Group
• Determine the appropriate cost drivers per service to enable transparency of Group Procurement allocation across the group.
• Assist all Group Procurement head,  Exco, Manco and finance managers with the commercial agreements across business.
• Assist Group Procurement head of finance with preparation and review of all Procurement related business cases, including financial modelling
• Provide in-depth data and analytical investigation and recommendations
• Conduct data and analytical deep dives and presentations with relevant stakeholders
• Translate financial information into non-financial stakeholders
• Adhoc

Overview of Role Responsibilities (Level 1-13)

Business Planning- Level 6 - Adaptation
Contribute to the development of annual business plans; input to the development of business cases for key activities/projects and with estimating the financial and human resources required to deliver performance targets.

Financial Management and Control- Level 6 - Adaptation
Work within established systems to deliver prescribed outcomes for a designated area of financial control.

Insights and Reporting- Level 6 - Adaptation
Prepare and coordinate the completion of various data and analytics reports.

Information and Business Advice- Level 6 - Adaptation
Provide specialist advice on the interpretation and application of policies and procedures, resolving queries and issues and referring very complex or contentious issues to others.

Recommendations- Level 6 - Adaptation
Advise others on how to design new processes and systems that meet professional standards.

Required Skills

Action Planning - Fully Competent
Works with full competence to review and evaluate recommendations and requirements and to develop appropriate plans or deliver actions required. Typically works without supervision and may provide technical guidance.

Management Accounting - Fully Competent
Works with full competence to professionally interpret financial information to support business decision making. Typically works without supervision and may provide technical guidance.

Assessment - Fully Competent
Works with full competence to assimilate and understand data and information from various sources in order to draw appropriate conclusions and make relevant recommendations. Typically works without supervision and may provide technical guidance.

Line of Business (LOB) Products, Services and Acumen - Fully Competent
Works with full competence to demonstrate a comprehensive understanding of the line of business, including its operating model, clients, products, services, competitive landscape, regulatory context, market trends, economic conditions, and other risk factors. Typically works without supervision and may provide technical guidance.

Data Collection and Analysis - Fully Competent
Works with full competence to determine and analyze trends from data that is collected to assist in compiling reports that will help in decision-making. Typically works without supervision and may provide technical guidance.

Financial analysis - Fully Competent
Works with full competence to examine, interpret, and evaluate financial data to provide insights into an organization's fiscal health and support informed decision-making. Typically works without supervision and may provide technical guidance.

General Experience

Minimum of 8 – 10  years of experience in financial management, with expertise in budgeting, forecasting, analysis and reporting

Good and proven business acumen.

Proven track record of maintaining a strong analytical focus.

Technical accounting and reporting skills -  regulatory requirements, taxation and VAT, budgeting, planning and forecasting

In depth understanding of Data and cost modelling

In depth understanding of Santam/Sanlam systems and processes

Insurance knowledge would be a strong recommendation

Working knowledge of Power BI, TM1 or Qlik or any other reporting tools advantageous.

Managerial Experience

Basic experience of coordinating the work of others (4 to 6 months)

Education

Required Behavioural Competencies