Specialist Accountant: Group Financial Reporting

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Date: 22-Sep-2021

Location: Bellville, Western Cape, South Africa

Company: Sanlam Group

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 43 countries and has the biggest non-banking financial services footprint on the African continent.


The Group's four business clusters (Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets and Santam) house the Group's business operations. The Group Office provides strategic direction and support to the four 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 Brand Services.


What will you do?

Responsible for financial analyses or for a division providing financial accounting services for head office and/or group companies. Applies principles of accounting to analyse financial information and prepare financial reports.  Compiles and analyses financial information to prepare entries to accounts, such as general ledger, documenting business transactions. Analyses financial information detailing assets, liabilities and capital. Prepares balance sheets, profit and loss statements and other reports to summarize and interpret current and projected company financial position. Audits contracts, orders and vouchers and prepares reports to substantiate transactions prior to settlement. Installs, modifies, documents and coordinates implementation of accounting systems and control procedures. Makes recommendations regarding the accounting of reserves, assets and expenditures. May have supervisory and/or client relationship responsibilities.

What will make you successful in this role?

  • Management reporting duties:
    • Preparing monthly management reporting to Sanlam Limited EXCO.
    • Assist in preparing annual Group budget.
    • Trial balance controls/Reconciliation accounts.
    • Interim and annual reporting:  Preparation and/or co-ordinating of the Shareholders Information section
    • Support IFRS 17 implementation for management reporting
  • Statutory reporting duties:
    • Review of and support for technical working papers that serve as input to the annual financial statements and integrated report.  Depending on capacity within the team, it could also include the compiling thereof.
    • Preparation and coordinating of reports in respect of the interim and annual reporting periods (not limited to annual financial statements only):
      • Sanlam Limited
      • Sanlam Life Insurance Limited group and company
      • Sanlam Group
    • Preparation of other subsidiary financial statements and management of audit process.
    • Technical project involvement (could include all aspects of project management)
    • IFRS 17 implementation (including system specifications and testing, transition disclosures, assessing impact on other areas such as capital risk management disclosures, etc.)
    • General IFRS technical support to the rest of the Sanlam Group, including training sessions (group and/or individual)
    • Other JSE related reporting requirements:  Completion of checklists, SENS announcement, Summarised results, advertisements (but not limited to). 
    • Facilitating the groupwide CPD programme for staff belonging to accounting professional bodies (coordinating and arranging of events)
  • Regulatory reporting:
    • Assist with regulatory reporting as and when required
  • Other functions:
    • Review of the valuation of unlisted investments (portfolio and strategic) for submission to committee/board approval
    • Updating of various group reporting timetables and key deliverables
    • Documenting guidelines, processes and procedures where appropriate
    • Audit liaison during interim and year end reporting periods
    • Functional and user acceptance testing of all relevant systems as and when required
    • All other ad hoc tasks that may be required from time to time

Qualification and Experience

  • Qualified accountant (CA (SA)
  • A minimum of 2-4 years experience in an accounting/financial environment
  • Similar relevant experience in the insurance/financial industry 
  • Experience in using Sanlam’s financial reporting systems (Walker/Essbase/Hyperion Financial Management/SAP) will be to your advantage
  • Specialist Knowledge (preferably insurance industry):  Understands technical or professional aspects of work and continually maintains technical knowledge (eg IFRS)  

Knowledge and Skills

Financial Analysis
Financial Information Review
Financial Reporting
Financial Queries 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 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

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. 


The closing date for applications is 13 August 2021

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.