Financial Accountant: SLS: Sanlam Risk & Savings: Bellville: PG 10

Sanlam Limited; Bellville; On-site; ZAR 350 000 - 500 000; Full time

Job summary

A leading South African financial services provider is seeking a Financial Accountant in Bellville. The role involves cost management, financial reporting, and using SAP systems. Candidates should have a relevant financial degree and at least 4 years of experience in cost management, preferably with knowledge of SAP S4 Hana. This position offers opportunities for growth within the organization.

Qualifications

• At least 4 years’ experience in cost management.
• Exposure to SAP S4 Hana will be an advantage.

Responsibilities

• Manage and report monthly cost variances.
• Process and approve payments on SAP.
• Compile financial documentation quarterly.
• Assist with FCA models and cost allocation.

Skills

Cost management

Analytical thinking

Effective communication

Financial reporting

Attention to detail

Education

Relevant financial degree with accounting as a major subject

Tools

SAP S4 Hana

Job description

Financial Accountant: SLS: Sanlam Risk & Savings: Bellville: PG 10

Location: Bellville, Western Cape, ZA

Who are we?

Sanlam Life and Savings (SLS) is focused on serving our retail and corporate clients in South Africa and further developing our strategic advantages in the South African market. Sanlam Life and Savings consists of the following business units Retail Mass, Corporate, Risk and Savings, Glacier and various business enabling functions. The Sanlam Life and Savings Office provides strategic direction, coordination and support to the four clusters, as well as performing governance oversight that includes assurance provided by second line of defense functions in SLS, to enable us to meet our business objectives.

Sanlam Risk & Savings, which is one of the businesses within SLS, offers Risk and Savings solutions to various segments within the market.

What will you do?

Reporting to the SRS Financial Manager, the Financial Accountant will support the finance operations of the SRS business. The Financial Accountant is responsible for effective cost management within the SLS governance framework (including actual cost, budgeting and forecasting), day-to-day procure to pay process, month-end income statement and balance sheet reconciliations or analysis, journal processing, credit card reconciliations, compilation of scorecard, capturing of Risk schedules and Financial losses on the Sanlam Risk management system, as well as any other financial tasks listed below.

The key responsibilities of the role include the following:

• Effective cost management and reporting
  • Monthly variance analysis and cost investigations
  • Monthly cost reporting to business unit Head of Departments
  • Budgeting and forecasting
• Monthly update of HR file and IT MIS report reconciliation to general ledger. Variance to be communicated and resolved within a timely manner.
• Solving financial enquiries, investigations and problems on time and in an effective manner.
• Ensure effective controls and procedures are in place to adhere to approval framework.
• Administration, planning and organising of work to ensure successful and on time delivery.
• Process journals on SAP, including provisions and accrual transactions.
• Approve payments in accordance with the SRS approval framework on SAP.
• Support business with SAP 4 Hana (which includes MDG Support on creating materials, etc.).
• Pro-active management and control of accounts – i.e. GR/IR and Down Payments.
• Attend to credit card reconciliations.
• Prepare input to yearly budget process and connect with Business heads to provide any changes, as required.
• Yearly load of new budgets and monthly load of forecast to SAP.
• Report in-force units and policies.
• Compile (obtain, supply input and address outstanding items) the following documentation on a quarterly basis:
  • SRS Scorecard
  • SRS Risk Register
  • SRS Financial losses
  • SRS Treating Customers Fairly (TCF) report
• Assist with FCA models and cost allocation investigations when needed.
• Ad hoc tasks and projects.

What will make you successful in this role?

Qualifications:

• Relevant financial degree with accounting as a major subject.

Experience:

• At least 4 years’ experience in cost management.
• Exposure to SAP S4 Hana will be an advantage.

Knowledge:

• Sound financial services industry knowledge.
• Insurance industry knowledge will be an advantage.
• Knowledge of financial reporting and cost management.
• Communicates effectively (verbal and written)
• Analytical thinking
• Cultivates innovation
• Order and accuracy
• Plans and aligns
• Drives results

Core Competencies

Being resilient - Contributing independently

Collaborates - Contributing independently

Cultivates innovation - Contributing independently

Customer focus - Contributing independently

Drives results - Contributing independently

Build a successful career with us

We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth. Through its five business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.

Turnaround time

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers.

Our commitment to transformation

The Sanlam Group is committed to achieving transformation and embraces diversity. This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa. The Group's Employment Equity plan and targets will be considered as part of the selection process.