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Financial Accountant
2 weeks ago
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 the following business units Retail Mass, Corporate, Risk and Savings, Glacier and various business enabling functions. The Sanlam Life and Savings Office provides strategic direction, coordination and support to the four 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?
This role reports to Head of Finance Operations in Sanlam Life and Savings cluster. The role is responsible for managing of and reporting on supporting business financial targets, ensuring ongoing operations are financially sound, gather information for reporting purposes, give management insights on results and ensure operations are within the SLS governance framework. This role also assists with financial accounting, controls, budgeting and reporting of expenses attributable to SLS management cost centres. Interaction with SLS management is included in this role.
What will make you successful in this role?
- Ensure that manual bank statements are updated into SAP (where applicable).
- Approval of international payments on SAP – SES / PR / PO / FI.
- Pro-active management and control of control Accounts – ie GR/IR and Down Payments.
- Solving financial enquiries and problems in an effective and timely manner.
- Provide proposals towards continued improvement of current processes.
- Administration, planning and organising of work to ensure successful and on time delivery.
- Processing and approval of journals.
- Create provisions for transactions not yet processed.
- Controlling of and reporting on provisions.
- Support business with SAP 4 Hana.
- Create awareness in business of the effect of open items on control accounts ie GR/IR and Down payments.
- Budget and Forecasting SLS OH / Forensics / Compliance / SIL / CEO.
- Monthly preparations / maintaining of reporting file – ie add any new materials / accounts / Cost Centres.
- Compile monthly a condensed reporting file that summarize the expenses in a noticeable view.
- Monthly update of HR file – in time check for any variances.
- Monthly Extract of IT MIS report – in time check for any variances and initiate corrections.
- Monthly reporting – Budget vs Forecast.
- Monthly connection with Business Heads to discuss Budgets / Forecast adjustments.
- Yearly budget process – preparing input – connect with Business heads to provide any changes to current Forecast.
- Yearly load of new budgets.
- Monthly ad hoc tasks – journals.
- Monthly Cost Allocations – SAP Run / SFT / Forensics.
- Monthly controls – CSA for allocated profit centres.
- MDG Support on creating Inter Company / materials.
- Quarterly compile Functional Costs to Group.
- Provide inputs when required to TCF & Risk reporting.
Qualification and Experience:
- Relevant Financial degree with accounting as a major
- Minimum 4 years experience in cost management preferably on SAP 4 Hana
- MS Office (Outlook, Excel, MS teams) experience
Knowledge and Skills:
- Financial Analysis
- Financial planning and recommendations
- Financial Reporting & Cost management
- SAP S4/HANA experience preferable
Core Competencies:
Being resilient - Contributing independently
Collaborates - Contributing independently
Cultivates innovation - Contributing independently
Customer focus - Contributing independently
Drives results - Contributing independently
Personal Attributes:
- Financial acumen
- Communicates effectively
- Ensures accountability
- Manage complexity
- Plans and aligns
- Action Orientated
- Optimises work processes
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.
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.
Closing date: 7 November 2025
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.
