Financial Accountant at Sanlam Group

What will you do?
 
Tasks where Outsource partner utilized

•   Monthly review of the Management accounts of Sanlam affiliated individual life insurers that is internally reinsured by Sanlam. 
•   Reviewing the projections and liaising with the relevant insurer if these don’t align with the Group Management accounts. 
•   Reviewing the confirmations and communication with the Finance Manager of the insurer to ensure that this aligns to what we see in the Management accounts and bank account.. 
•   Ensuring outsource and binder agreements are updated, as and when required, and payments are made accordingly.  
•   Build & manage relationships with Outsource partner
•   Review Claims register to ensure accurate and valid claim payments made by Outsource partner

Tasks where Sanlam performs complete Finance function

•   Processing monthly journals
•   Review of the monthly reinsurance premium calculations to confirm validity, accuracy & completeness
•   Preparation of the Monthly Management reports for Sanlam Reinsurance division 
•   Preparation of monthly profit projections  
•   Engagement with relevant stakeholders in preparation of the Sanlam Reinsurance division budget 
•   Ensuring that claims are accurate and complete

General Tasks

•   Reviewing balance sheet accounts and reconciliations to provide management information, which includes Debtors and Creditors age analysis and investigate long outstanding items.
•   Reviewing the income statement movements and comparing them to the monthly cash flows.
•   Ensuring that audit schedules are completed and provided to external auditors.
•   Provide input, setup structure and manage finance activities related to balance sheet management, reinsurance requests from Group Office e.g. Safrican, ARL, etc.
•   Reviewing and approving the payment calculations to ensure completeness and accuracy.
•   Liaising with the Accounts Payable team to ensure that the Reinsurance payments are made on time and according to the relevant reinsurance agreements.
•   Support SRA Reinsurance team on Financial activities.
•   Managing the Reinsurance trial balance on SAP. 
•   Ensuring that the SAP trial balance agrees to the reinsurance system reports or the Reinsurance checklist.
•   Other ad-hoc tasks when required.

What will make you successful in this role?
Qualifications:

• Relevant post graduate qualification in Financial Accounting. 

Experience: 

•   At least 3 years relevant experience within the Insurance/Financial industry.

Knowledge:

•   Knowledge of the following:
• Business Reinsurance
• Reinsurance operating methods
• SAP4 Hana Financial system

Competencies:

•   Communicates effectively
•   Decision quality
•   Analytical thinking
•   Cultivates innovation
•   Concern for accuracy
•   Plans and aligns
•   Customer focus
•   Collaborates
•   Drives results
•   Being resilient
•   Computer skills (Excel advanced level)