Manager Corporate Finance

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Date: 13-Oct-2021

Location: Cape Town, Western Cape, South Africa

Company: Sanlam Group

Who are we?

Santam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding and transforming company and whilst based in South Africa, we are rapidly moving into a number of emerging markets, both in Africa and Asia. Our success is rooted in our passion for our clients and everything we do is centred on our delivery of Insurance Good and Proper. 

What will you do?

 

A position of Manager Corporate Finance exists in Santam. This role may be based at Head Office Tygervalley or Alice Lane Sandton and reports directly to the Chief Financial Officer.

 

The overall purpose of this technical corporate finance specialist role is to lead, manage and execute merger and acquisition related projects and to ensure alignment of projects with Santam’s strategic objectives.


The successful incumbent will form part of the Corporate Finance team in support of business expansion through acquisitions, mergers and financing transactions and involvement in a broad range of corporate finance initiatives.
This role will support the implementation of the corporate finance strategy and plan in partnership with respective internal and external stakeholders. 

What will make you successful in this role?

 

  • Identify and pursue potential transactions in support of the Santam Group corporate finance strategy.
  • Analyse and evaluate opportunities, including mergers and acquisitions, joint ventures, start-ups, restructurings and disposals, internally generated or presented to the Santam Group against the Santam strategy. This includes:  
    • Detailed assessments of strategic rationale;
    • Financial impact and shareholder value creation potential;
    • Transaction and implementation risks; 
    • Funding alternatives; and 
    • The impact on existing operations.
  • Structuring, negotiating and closing of transactions, including drafting of transaction proposals and non-binding offer letters.
  • Detailed review of legal agreements to ensure commercial terms are appropriately reflected and transaction risks are adequately addressed.
  • Leading the due diligence process for approved transactions.
  • Makings recommendations to Exco for sign-off on the transactions, within the corporate governance framework, for further recommendation to Santam Board.  This includes drafting of Exco and Board transaction approval documents and presentations.
  • Providing a Corporate Finance advisory service across the Santam Group.    
  • Plan, manage and execute transaction related projects:
    • Ensure adequate resources and management of these resources (in terms of skills required, internal and in-sourced). This includes interaction with investment banks and legal advisors for larger transactions;
    • Manage execution of transaction within relevant time framework;
    • Manage transaction related risks, inter alia feasibility analysis, due diligence, alignment to company strategy and implementation;
    • Perform appropriate detailed valuations of targeted entities, including scenario analyses;
    • Ensure appropriate governance requirements are complied with e.g. regulatory approvals (Competition authorities, Prudential Authority, SARB, JSE, TRP), Exco and Board approvals.
  • Financial support in developing the business cases for Santam’s strategic projects.
    • Commercial evaluation;
    • Financial modelling;
  • Build and maintain effective relationships with key internal and external stakeholders including Exco, BU Heads, Directors, sub-committees, regulatory authorities, legal and tax advisors etc. 

Qualification

 

  • CA (SA)

Knowledge and Experience

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  • Completed articles at reputable audit firm plus relevant post-articles corporate finance experience
  • At least 5 years relevant experience at a managerial level
  • Project management principles, experience and understanding
  • Advanced valuation and financial modelling skills
  • Excellent working knowledge of SA Companies Act, SA Competition Act,  JSE Listing Requirements, Short-term Insurance Act (preferable) and SARB regulations
  • Strategic level knowledge and experience in the following core areas:
    • Projecting future revenues and expenses
    • Financial Risk Management
    • Reporting
  • Knowledge / experience in the short-term insurance industry is preferable
  • Specialist financial knowledge and commercial thinking
  • Ability to apply skills across a broad spectrum of financial disciplines and to deal with both internal and external stakeholders across all levels 
  • Corporate legal knowledge and relevant experience working on transaction agreements
  • Tax knowledge
     

Skills

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  • Excellent attention to detail 
  • Leadership capability 
  • Project management skills
  • Advanced negotiation 
  • Planning and organising
  • Multi-tasking between various projects / transactions  
  • Conflict management
  • Excellent written and verbal communication skills
  • Problem solving
     

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.