Job Opportunities at Santam Insurance

GENERAL LEDGER OFFICER

• Santam is seeking a General Ledger Officer to perform a variety of routine and non-routine accounting functions with significant focus on general ledger accounting. This exciting opportunity is available within Corporate Services, Financial Management based at our head office in Tyger Valley

JOB DESCRIPTION

• this position is responsible for supporting key activities such as month-end, fixed assets processing, account reconciliations and audits. The successful incumbent will participate in continuous improvement initiatives within the general ledger process area and proactively seek opportunities to improve service delivery to business stakeholders. 

• The purpose of the role is to ensure the integrity of the general ledger with the aim of enabling the provisioning of accurate and up-to-date financial reporting.

PRINCIPLE ACCOUNTABILITIES INCLUDE:

INTERFACES & JOURNALS (Month-end)

• Implement and enforce procedures to ensure that:
• All data from source systems is correctly imported into JDE
• All data from JDE is processed correctly
• All the relevant information from external sources are received and correctly processed into JDE
• All Fixed Asset transactions are correctly processed in JDE
• All Investment transactions are correctly processed in JDE
• Month-end deadlines are met

VALIDATION OF GENERAL LEDGER INFORMATION

• Review all allocated General Ledger reconciliations to ensure correctness.  Verify that all reconciling items are cleared timeously.
• Review and authorise General Ledger Journals prepared by other teams.
• Generate a final Trial Balance per company for use by the Reporting Department.

EXPENSE ALLOCATIONS

• Understand process and rationale for expense allocations
• Review and authorise outcome of allocation process
• Explain outcome to stakeholders
• Assist with implementing changes to VAT and SASRIA legislature in the Santam systems

FIXED ASSETS

• Implement and enforce controls to ensure that all relevant fixed asset documentation is received and correctly processed in JDE
• The Fixed Asset Register must be a true reflection of all fixed assets in Santam
• Review and authorise all Fixed Asset reconciliations
• Preparing of Reporting Schedules
• Frequently review the effectiveness of the Fixed Assets system and implement improvements where needed.

REALiSED/UNREALISED FOREX

• Prepare and process journals relating to realised and unrealised foreign currency transactions.
• Summarise, reconcile and review foreign currency transactions.

QUALIFICATIONS AND EXPERIENCE

• Matric.
• Relevant tertiary qualification e.g. B Com Accounting or equivalent. 
• Minimum 5 years’ of working experience in a financial environment is required.

KNOWLEDGE

• JDE knowledge is advantageous or any other large general ledger system such as SAP or Oracle. 
• Short-term insurance knowledge would be advantageous.
• Awareness of IFRS 17 would be advantageous.

SKILLS

• Analytical ability and logical reasoning.
• Strong client service orientation.
• Ability to work under pressure.
• Deadline driven.
• MS Office: Strong Excel skills, general Word, PowerPoint and Outlook skills.

go to method of application »

• The primary driver of the Group Sourcing unit is to create optimal value for the Sanlam / Santam Group from its supply base in context of the Group’s strategy, business objectives, corporate governance structures, ethics and black economic empowerment objectives and the portfolio governs the sourcing activities of the Sanlam Group i.e. Sanlam, Santam, and all the companies directly controlled by Sanlam and/or Santam in South Africa.
• The Head: Group Sourcing & Transformation Business Development will offer vision and strategic direction to the extension and leveraging of the Group Sourcing unit capabilities and Sanlam / Santam supply base iro international geographical extension, specific strategic focus areas, supply chain leveraging projects, additional income stream opportunities and any other agreed value extraction initiatives aligned to the Sanlam / Santam Group strategic objectives
• The incumbent will be required to stay up to date with leading edge procurement and strategic sourcing strategy and trends, sourcing organisational role, identify value creating unit capabilities-, supply base- and new business model / income generating- extension opportunities and facilitate structuring and implementation of agreed extension opportunities. The incumbent will build and manage relevant national and international networks and relationships in support of agreed value extraction focus areas and initiatives.

What will make you successful in this role?

• Develop, coordinate, and drive the GS&T Business Development vision and strategy aligned to business objectives and future needs
• Direct and manage the execution of the GS&T Business Development strategy with associated interaction models and implementation methodologies
• Develop, maintain, and manage key internal and external South African and international stakeholder relationships with specific reference to GS&T Business Development strategy and initiatives
• Provide thought leadership, strategic direction and best practices on matters pertaining to GS&T Business Development
• Engage Sanlam Group BU’s to ensure GS&T Business Development initiatives are aligned to the overall business strategy
• Provide thought leadership and policy inputs re GS&T business development and the implementation of GS&T business development initiative outcomes in the Sanlam Group
• Identify GS&T unit capabilities-, supply base- and business model / additional income generating- extension opportunities and facilitate structuring, negotiation, and implementation of agreed extension opportunities.
• Identify and explore leading edge GS&T business development opportunities by researching and/or participating in industry and related industries events, network opportunities, publications etc.
• Identify and facilitate the onboarding of new internal business to increase spend under management and improve economies of scale
• Lead the engagement with strategic suppliers to enable reciprocal business opportunities across the Santam/Sanlam Group
• Identify and implement appropriate strategies to improve Group Sourcing and Transformations income/revenue streams
• Expand and enable the scope of procurement agreements to achieve additional procurement benefits
• Support the development of procurement business cases for varied commodities to achieve specific business goals and objectives

Qualification and Experience

• Relevant tertiary degree with post graduate management qualifications
• Extensive working experience in procurement / strategic sourcing / supply chain, of which at least 10 years at senior management level in a leading-edge procurement organisation
• Demonstrated and proven business development experience
• People management and change management capability
• Strong financial management experience and background
• Relevant financial industry experience (advantage)

Skills

• Commercial and business skills 
• Excellent communication skills (verbal and written)
• Excellent interpersonal and relationship management skills
• Project management skills
• Strong people management skills
• Presentations skills
• Analytical skills
• Negotiation
• Influencing

Knowledge

• Thorough understanding and familiarity with leading edge procurement strategy, value delivery mechanisms, tools, techniques, and systems
• Strong cross-category and best-practice sourcing knowledge
• Procurement Principles and Practices
• Broad knowledge of relevant business models, industries and related commercials and market dynamics
• Microsoft Office Suite

Core Competencies

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