Specialist Accountant: Group Financial Reporting

Location:

Tygervalley, Western Cape, ZA

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 Securities 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 27 countries and has the biggest non-banking financial services footprint on the African continent.

The Group's four business clusters (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:
Group Tecnhnology, Finance, Actuarial, Risk and Balance Sheet Management, Strategy, Human Capital, Brand, Marketing and Corporate Affairs. The Group Office ensures cohesive management across the organisation.

Responsible for financial analyses or for a division providing financial accounting services for head office and/or group companies. Applies principles of accounting to analyse financial information and prepare financial reports. Compiles and analyses financial information to prepare entries to accounts, such as general ledger, documenting business transactions. Analyses financial information detailing assets, liabilities and capital. Prepares balance sheets, profit and loss statements and other reports to summarize and interpret current and projected company financial position.

Audits contracts, orders and vouchers and prepares reports to substantiate transactions prior to settlement. Installs, modifies, documents and coordinates implementation of accounting systems and control procedures. Makes recommendations regarding the accounting of reserves, assets and expenditures. May have supervisory and/or client relationship responsibilities.

• Support the Sanlam Group budgeting process.
• Interim and annual reporting:
  Preparation and/or co-ordinating of the Management Information (MI) sections
• Support MI reporting, including the data analytics and insights
• Perform MI to IFRS reconciliations
• Processing of SAP journals, where applicable
• Trial balance controls/Reconciliation accounts where applicable,

Statutory reporting duties:

• Preparation and coordinating of inputs into the reporting cycles of the following entities:
• Sanlam Limited Group and Shareholder Fund Reporting
• Sanlam Life Insurance Limited group and company
• Preparation of other subsidiary financial statements and management of audit process.
• Maintaining of a high level of technical competence in the areas of the following IFRS standards:
• IFRS 13 Fair value measurement
• IFRS 17 Insurance contracts
• IAS 28 Investment in associates and joint ventures

• Qualified accountant (CA (SA))
• 4-5 years (minimum) in an accounting/financial environment
• Similar relevant experience in the insurance industry
• Experience in using Sanlam’s financial reporting systems (SAP/Hyperion Financial Management) will be to your advantage
• Proficient in data analytics and the preparation of presentation. Proficient in the use of modern technology and digital solutions.
• Specialist Knowledge (preferably insurance industry):
  Understands technical or professional aspects of work and continually maintains technical knowledge…