Financial Manager

2 weeks ago


Cape Town, Western Cape, South Africa Sanlam Full time
About Sanlam

Sanlam is a leading Pan-African financial services organization, proud of its dynamic operations spanning across 27 African countries. Our business is focused on life insurance, general insurance, retail credit, health, bancassurance, and asset management. Our core values - Innovation, Care, Integrity, and Collaboration - guide our vision of distinguishing ourselves as the most admired financial services group in Africa.

Job Summary

We are seeking a highly skilled Financial Manager to join our Sanlam Allianz Life Finance Team. As a Financial Manager, you will be responsible for providing financial business partnership to countries under the portfolio, driving process change, automation, and new ways of working. You will also be responsible for processing foreign subsidiary financial results, analyzing multiple foreign subsidiary management accounts and financial statements, and assisting with cluster financial consolidation.

Key Responsibilities
  • Be a Financial Business Partner to the countries under the portfolio
  • Drive process change, automation, and new ways of working
  • Processing of foreign subsidiary financial results in HFM (Hyperion financial management)
  • Analysis of multiple foreign subsidiary management accounts and financial statements
  • Assist with cluster financial consolidation
  • Assist with implementation of new systems and processes in businesses
  • Preparation of Sanlam monthly financial reports and commentary including variance analysis of foreign subsidiary management accounts
  • Provide end-to-end financial management support to businesses outside of South Africa
  • Regular interaction with Exco representative as well as in-country CFO and CEO
  • Assistance with the compilation of holding company financial statements in terms of IFRS 4 and IFRS 17
  • Budgeting and forecasting 5-year plans in country budgets and Group Costs via SAP S/4 Hana
  • Processing of journals and payments in accordance with the approval framework. HFM & SAP
  • Ensure effective controls and procedures are in place, and focus on process improvements
  • Interactions with the external auditors on Interim and Final Audits
Requirements
  • Qualified CA(SA)
  • 0 to 4 years post-qualification experience
  • Life insurance experience
  • Bilingual in English and French
Preferred Qualifications
  • Good working knowledge of Insurance Accounting (IFRS17 experience/basic understanding is an added advantage)
  • General commercial and financial knowledge
  • Sound knowledge of financial reporting processes and architecture, ideally gained within the Insurance sector
  • Experience in the emerging markets environment will be an advantage
  • Oracle HFM and SAP S4/Hana experience will be an added advantage
  • Good working knowledge of IFRS principles and standards
  • Basic understanding of actuarial numbers will be an advantage EV, VNB, Policyholder vs Shareholder
  • Process management skills (able to review existing processes and procedures, making recommendations for rationalisation/improvement, and implement them operationally)
Personal Attributes
  • Ability to deal with competing priorities and be resilient
  • Excellent communication skills, both written and verbal
  • Analytical and conceptual thinking (solving of complex problems)
  • Building and maintaining relationships with external and internal clients
  • Pro-active individual with the ability to work independently as well as a member of a team
  • Ability to work effectively under pressure and to meet stringent deadlines
  • Business partner mindset
  • Attention to detail
Core Competencies
  • Cultivates Innovation
  • Client Focus
  • Drive Results
  • Collaborates
  • Flexibility and adaptability

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