Financial Manager: SLS: Risk
2 weeks ago
About Sanlam Life and Savings
Sanlam Life and Savings (SLS) is a leading provider of risk and savings solutions to retail and corporate clients in South Africa. The company is dedicated to serving its clients with a range of innovative products and services.
Job Summary
Sanlam Life and Savings is seeking a skilled and experienced Risk Financial Manager to join its team. The successful candidate will be responsible for managing the financial accounting function in the business, providing sound financial advice, and ensuring that stringent and rigorous accounting processes and controls are in place.
Key Responsibilities
- 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 the 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
- Optimizing and influencing cost efficiencies
- Supporting and developing accounting solutions and standards
- Assisting with the implementation of strategies and projects
- Proactively engaging with SLS finance colleagues and driving plans to ensure successful implementation
- Ensuring effective controls and procedures are in place, adhering to the approval framework
- Liaising with internal and external stakeholders, including actuarial, IT, Shared Services, and auditors
- Proactively detecting and managing risks
- Identifying Business Intelligence (BI) opportunities to drive informed and data-driven decisions in the business
- Providing regular feedback on critical issues
Requirements
- Chartered Accountant (CA) qualification
- At least 3-5 years of relevant insurance reporting experience
- Sound financial services industry knowledge, preferably in the insurance industry
- Knowledge of Sanlam's financial reporting systems
- Understanding of actuarial-calculated profit, value of new business (VNB), and equity value (EV) principles
Competencies
- Effective communication
- Decision quality
- Analytical thinking
- Cultivating innovation
- Care for accuracy
- Planning and alignment
- Customer focus
- Collaboration
- Driving results
- Persuasion
- Independence
- Resilience
- Advanced computer skills (Excel)
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