Who are we?
Sanlam Life and Savings (SLS) is focused on serving our retail and corporate clients in South Africa and further developing our strategic advantages in the South African market. Sanlam Life and Savings consists of three clusters - Sanlam Corporate, Sanlam Retail Mass and Sanlam Retail Affluent. The Sanlam Life and Savings Office provides strategic direction, coordination and support to the three clusters, as well as performing governance oversight that includes assurance provided by second line of defense functions in SLS, to enable us to meet our business objectives.
What will you do?
Sanlam Risk & Savings (SRS), which is one of the businesses within Sanlam Life and Savings (SLS), offers risk and recurring saving solutions to various segments within the market.
Currently we have a vacant SRS Financial Manager position available within the business, focussing on Risk products. The SRS Financial Manager is responsible for the management accounting function in the business, providing sound financial advice, ensuring that stringent and rigorous accounting processes and controls are in place, ensuring accurate reporting of financial results, ongoing operations are financially sound and operates within SLS governance framework.
Reporting to the SRS Senior Financial Manager, will support and be responsible for finance operations of the Risk business and assist in implementation of the business strategy in alignment with the company culture and ensuring that it is financially sound.
The key responsibilities of the role include the following:
• Financial reporting including Balanced Scorecard, Treating Customers Fairly (TCF), and Risk Business Management.
• Budgeting and forecasting for New Business Volumes, Profit, Value of New Business (VNB), Return of Group Equity Value (ROGEV) and Expenses.
• Translating impact of financial decisions into business impact on Equity Value (EV), VNB, Profit and other measures.
• Expense tracking, management and reporting, including providing input into the cost allocation model, and maintaining the unit cost.
• Optimising and influencing of cost efficiencies.
• Supporting and development of accounting solutions and standards.
• Assisting with implementation of strategies and projects.
• Pro-actively engaging with SLS Finance colleagues and driving plans to ensure successful implementation.
• Ensuring effective controls and procedures are in place, and adhere to approval framework.
• Liaising with all internal and external stakeholders . Actuarial, IT, Shared Services and auditors.
• Pro-active detection and management of risks. • Identifying BI opportunities to drive informed and data driven decisions in the business.
• Providing regular feedback on critical issues.
What will make you successful in this role?
Qualifications:
• Chartered Accountant (CA).
Experience:
• At least 3-5 years relevant insurance reporting experience.
Knowledge:
• Sound Financial Services Industry, preferably Insurance Industry knowledge.
• Knowledge of Sanlam’s financial reporting systems.
• Understanding actuarial calculated profit, value of new business (VNB) and equity value (EV) principles.
Competencies:
• Communicates effectively
• Decision quality
• Analytical thinking
• Cultivates innovation
• Concern for accuracy
• Plans and aligns
• Customer focus
• Collaborates
• Drives results
• Persuades
• Independence
• Being resilient
• Computer skills (Excel advanced level)
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 MiWay and the Group Office – the group provides many opportunities for growth and development.
Core Competencies
Cultivates innovation - Contributing through othersCustomer focus - Contributing through othersDrives results - Contributing through othersCollaborates - Contributing through othersBeing 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.
Due Date: 22 October 2024
