Financial Accountant - Sanlam

The Financial Accountant for Sanlam Retail Affluent is responsible and accountable for management controls, reporting support and reporting of some key deliverables in the Retail Affluent Recurring Cluster Finance department. The role operates within the SRA (Sanlam Retail Affluent) governance framework and influences the financial soundness of future strategic decisions with a special focus on unit cost management and reporting and improving systems.

The incumbent will also liaise with other business units to optimise the current reporting processes and practices.

The key performance areas of this role include the following:

Strategic Enablement

• Influence the development and execution of SRA strategy.
• Implement relevant strategic initiatives.
• Implement and develop new reporting processes and practices in the new IFRS17 and S4 Hana financial environment.

Service Management and Service Delivery

• Support the RSC business units’ financial reporting functions with certain reporting responsibilities.
• Support the maintenance and improvement of the Sanlam Life cost allocation model, including refinement of allocation driver models based on interaction with Shared Services and other business units.
• Oversee the continuous review and implementation of improved controls for compliance purposes.

  Business Process Improvement

• Build and enhance new work streams geared toward operational efficiency and automation of deliverables used during the business lifecycle.
• Review effectiveness of and improve unit cost reporting.
• Develop and implement improved financial controls and higher levels of efficiency.

  Reporting and Operational Responsibilities

• Management, reporting and regulatory oversight responsibilities for Sanlam Linked Investments (Pty) Ltd, including interaction with auditors.
• SRA corporate unit budget reporting, operational management, and cost reporting of certain SRA management cost centres.
• Refine IFRS17 compliant cost allocation system and reporting.
• Develop new SAP cost and unit cost reports.
• Ad hoc financial modelling and evaluations.
• Ad hoc project involvement.
• TCF reporting.
• Support SRA business unit cost and budget reporting.

What will make you successful in this role?
Qualifications:

• Honours degree in Accounting or Commerce.
• Professionally accredited from a recognised industry body as a Certified Public Accountant or a member of the Association of Chartered Certified Accountants (ACCA).
• CA (SA)qualification will be an advantage.

Experience:

• 3-5 years’ experience in a similar capacity.

Knowledge:

• Good technical accounting knowledge.
• Sound Financial Services and Insurance Industry knowledge.
• Understanding actuarial calculated profit, Value of New Business and Embedded Value will be an advantage.
• Knowledge of SAP general ledger system will be an advantage.

Competencies:

• Communicates effectively
• Financial acumen
• Decision quality
• Analytical thinking
• Cultivates innovation
• Optimizes work processes
• Plans and aligns
• Concern for accuracy
• Customer focus
• Collaborates
• Builds networks
• Drives results
• Being resilient
• Computer skills (Advanced Excel skills)