Specialist Accountant: Group Financial Reporting at Sanlam Group

What will you do?

• Responsible for monthly management reporting and preparation of statutory financial information of Sanlam group and companies. Applies principles of accounting to analyse financial information to prepare entries to accounts, such as general ledger, documenting business transactions and prepare financial reports. Will have supervisory and client relationship responsibilities.

What will make you successful in this role?

Management reporting duties:

• Preparing monthly management reporting to Sanlam Limited EXCO.
• Assist in preparing annual Group budget.
• Interim and annual reporting:  Preparation and/or co-ordinating of the Shareholders Information section
• Trial balance controls/Reconciliation accounts
• Support IFRS 17 implementation for management reporting 

Statutory reporting duties:

Preparation and coordinating of reports in respect of the interim and annual reporting periods (not limited to annual financial statements only):

• Sanlam Limited
• Sanlam Life Insurance Limited group and company
• Sanlam Group
• Preparation of other subsidiary financial statements and management of audit process.
• Technical accounting related project and initiatives involvement and implementation (could include all aspects of project management)
• General IFRS technical support to the rest of the Sanlam Group, including training sessions (group and/or individual)
• IFRS 17 implementation (including system specifications and testing, transition disclosures etc.). This will include support to the management information team and not limited to IFRS reporting
• Maintaining of a high level of technical competence in the areas of IFRS
• Other JSE related reporting requirements:  Completion of checklists, SENS announcement, Summarised results, advertisements (but not limited to). 

Other functions:

• Review of the valuation of unlisted investments (portfolio and strategic) for submission to committee/board approval
• Updating of various group reporting timetables and key deliverables
• Documenting guidelines, processes and procedures where appropriate
• Audit liaison during interim and year end reporting periods
• Functional and user acceptance testing of all relevant systems as and when required
• All other ad hoc tasks that may be required from time to time

Qualification and Experience

• Qualified accountant (CA (SA))
• 2-4 years (minimum) in an accounting/financial environment
• Similar relevant experience in the insurance/financial industry 
• Experience in using Sanlam’s financial reporting systems (SAP/Hyperion Financial Management) will be to your advantage
• Well informed about or 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 (eg IFRS)  

Knowledge and Skills

• Financial Analysis
• Financial Information Review
• Financial Reporting
• Financial planning and recommendations
• Financial Controls

Personal Attributes

• Communicates effectively - Contributing through others
• Decision quality - Contributing through others
• Manages complexity - Contributing through others
• Plans and aligns - Contributing through others

Core Competencies

• Being resilient - Contributing through others
• Collaborates - Contributing through others
• Customer focus - Contributing through others
• Cultivates innovation - Contributing through others
• Drives results - Contributing through others

The closing date for applications is 28 February 2023