Executive Head: Financial Reporting: Group Office:

1 week ago


Bellville, Western Cape, South Africa Sanlam Full time

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 five business clusters (Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz 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 Sustainability.

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.
    What will you do?
  • The executive head of financial reporting holds a crucial role within an organisation, primarily overseeing the accuracy, integrity, and compliance of financial statements and related disclosures. This position, often occupied by the Controller or a similar executive, carries significant responsibilities and accountability including ensuring compliance with accounting standards and regulatory requirements, and providing accurate and timely financial information to stakeholders. This role involves strategic financial planning, leadership, and the development and implementation of robust internal controls.
    What will make you successful in this role?

Here's a detailed breakdown of the role, responsibilities, and accountability:

Role:

1.

Strategic Leadership:


  • The executive head of financial reporting provides strategic direction and leadership in financial reporting, ensuring alignment with the organisation's overall strategy and goals.

2.

Policy Development:


  • Establishes and maintains accounting policies and procedures that ensure financial integrity and compliance with regulatory requirements.

3.

Stakeholder Communication:


  • Acts as a key liaison between the organisation and external stakeholders, including investors, analysts, regulators, and auditors.
  • Responsibilities:

1.

Financial Statement Preparation:


  • Oversee the preparation of accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.
  • Ensure that financial reports comply with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS).
  • Manage quarterly and annual reporting processes, including regulatory filings if applicable.

2.

Compliance and Regulation:


  • Ensure adherence to all relevant financial regulations and standards, and other regulatory requirements.
  • Stay abreast of changes in financial regulations and implement necessary changes within the organisation.

3.

Internal Controls:


  • Develop and maintain robust internal control systems to prevent inaccuracies, fraud, and ensure the integrity of financial information.
  • Conduct regular reviews and updates of internal controls to adapt to evolving risks and regulatory changes.

4.

Financial Analysis and Reporting:


  • Analyse financial data to provide insights into the organisation's financial performance and inform decisionmaking.
  • Prepare management reports and present financial results to the board of directors and senior management.

5.

Audit Coordination:


  • Coordinate with internal and external auditors to facilitate comprehensive and efficient audits.
  • Address audit findings and implement recommendations to improve financial reporting and controls.

6.

Risk Management:


  • Identify financial risks and develop strategies to mitigate them.
  • Ensure the organisation's financial stability through prudent financial planning and risk management practices.

7.

Team Leadership and Development:


  • Lead the financial reporting team, providing guidance, mentorship, and professional development opportunities.
  • Foster a culture of accountability, accuracy, and continuous improvement within the financial reporting f


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