Financial Accountant: Retail Affluent: Finance: Bellville

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Date: 16-Jun-2022

Location: Bellville, Western Cape, South Africa

Company: Sanlam Group

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.

What will you do?

 

Outputs / Core Tasks:


The Financial Accountant for Sanlam Retail Affluent is responsible and accountable for management controls, reporting support and reporting of some key deliverables in the Retail Affluent Recurring Cluster Finance department. The role operates within the SRA (Sanlam Retail Affluent) governance framework and influence the financial soundness of future strategic decisions with a special focus on unit cost management and reporting and improving systems in support thereof. The incumbent will also liaise with other business units to optimise the current reporting processes and practices.


The key performance areas of this role include the following:


 Strategic Enablement


• Influence the development and execution of SRA strategy.
• Implement relevant strategic initiatives.
• Implement and develop new reporting processes and practices in the new IFRS17 and S4 Hana financial environment.


 Service Management and Service Delivery


• Support the RSC business units’ financial reporting functions with certain reporting responsibilities.
• Support the maintenance and improvement of the Sanlam Life cost allocation model, including refinement of allocation driver models based on interaction with Shared Services and other business units.
• Oversee the continuous review and implementation of improved controls for compliance purposes.


  Business Process Improvement


• Build and enhance new work streams geared toward operational efficiency and automation of deliverables used during the business lifecycle.
• Review effectiveness of and improving unit cost reporting.
• Develop and implement improved financial controls and higher levels of efficiency.


  Reporting and Operational Responsibilities


• Management, reporting and regulatory oversight responsibilities for Sanlam Linked Investments (Pty) Ltd, including interaction with auditors.
• SRA corporate unit budget reporting, operational management, and cost reporting of certain SRA management cost centres.
• Refine IFRS17 compliant cost allocation system and reporting.
• Develop new SAP cost and unit cost reports.
• Ad hoc financial modelling and evaluations.
• Ad hoc project involvement.
• TCF reporting.
• Support SRA business unit cost and budget reporting.

 

What will make you successful in this role?

 

Requirements:


Qualifications:


• Honours degree in Accounting or Commerce.
• Professionally accredited from a recognised industry body as a Certified Public Accountant or a member of the Association of Chartered Certified Accountants (ACCA).
• CA (SA)qualification will be an advantage.


Experience:


• 3-5 years’ experience in a similar capacity.


Knowledge:


• Good technical accounting knowledge.
• Sound Financial Services and Insurance Industry knowledge.
• Understanding actuarial calculated profit, Value of New Business and Embedded Value will be an advantage.
• Knowledge of SAP general ledger system will be an advantage.


Competencies:


• Communicates effectively
• Financial acumen
• Decision quality
• Analytical thinking
• Cultivates innovation
• Optimizes work processes
• Plans and aligns
• Concern for accuracy
• Customer focus
• Collaborates
• Builds networks
• Drives results
• Being resilient
• Computer skills (Advanced Excel skills)

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

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

 

 

Closing Date: 30 June 2022

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.