Financial Manager

Sanlam; Sandton; On-site; ZAR 500 000 - 700 000; Part time

Job summary

A leading financial services group in South Africa is looking for a Financial Management Professional for a 4-month contract. This role involves managing financial, treasury, and regulatory reporting for Sanlam Africa Core Real Estate Investments Limited, focusing on improving internal controls and preparing financial statements. The ideal candidate will have 3 to 5 years of experience as a qualified CA and strong skills in financial analysis and risk management. Join us to build a successful career and make a difference.

Qualifications

• 3 to 5 years of related experience post-articles.

Responsibilities

• Manage financial, treasury, and regulatory reporting for SACREIL.
• Oversee outsourced financial management and improve internal controls.
• Prepare annual budget and quarterly financial reports.

Skills

Financial analysis and planning

Financial Management and controls

Financial Reporting

Financial Risk Management

Management of employees

Education

Qualified CA

Job description

Overview

Who are we?

Sanlam Investment Group is uniquely equipped and positioned to empower generations to be financially confident, secure and prosperous. Through in-house expertise and strategic partner networks, we access all asset classes globally to develop investment solutions that are in clients’ best interests and have a positive societal impact. Backed by the Sanlam Group’s balance sheet, we invest alongside clients, particularly in private markets where impact investing drives the agenda.

The Sanlam Investment Group is one of the largest, most diversified financial services and investment firms in Southern Africa with assets under management and administration of more than R2 trillion. It is a B-BBEE level 1 contributor and one of the largest black-empowered asset managers on the African continent.

Sanlam Alternative Investments (SAI)
The purpose of Sanlam Alternative Investments (SAI) is to build the African continent and support sustainable development in emerging economies. SAI capabilities include Private Equity, Specialised Finance, Property, Infrastructure and Partnerships. Sanlam is the biggest non-banking financial institution on the continent, operating in Africa for over 100 years.

What will you do?

4 months contract for a Financial management professional responsible for the financial, treasury and regulatory reporting for the vehicle which it advises, Sanlam Africa Core Real Estate Investments Limited (SACREIL), domiciled in Mauritius and its subsidiary entities and entities in which SACREIL has an ultimate ownership stake. This role contributes to and supports the financial decision-making process of the SAREA executive team and advisory committee.

Responsibilities

• Outsourced Financial Management of SACREIL
• The SACREIL group is managed by its Board with assistance from the Audit and Risk Management Committee (ARMC). Investment and portfolio management functions are outsourced to SAREA; administrative, compliance and company secretarial functions are outsourced to Intercontinental Trust Limited (ITL). The role will continue to improve internal financial controls across SACREIL and manage relationships with the ARMC and ITL with respect to:
• Management accounts, including accounts for all SACREIL subsidiaries and other investment entities in Mauritius and relevant countries where its properties are located
• Quarterly financial reporting to the ARMC and SACREIL Board
• Quarterly reporting on the ARMC terms of reference checklist
• Review of the quarterly Advisory Fee due to SAREA
• Review the dividend computation per SACREIL’s dividend policy and ensure regulatory compliance
• Liaison with auditors for SACREIL and its investee entities
• Preparing SACREIL’s annual financial statements (AFS) and annual report; oversight of subsidiaries’ AFS
• Liaison with tax advisors for SACREIL group entities and review of tax computations
• Consolidation of SACREIL accounts into Sanlam Group accounts semi-annually
• Preparing SAREA’s representation to SACREIL and SACREIL’s representation to Sanlam Group semi-annually
• Preparing SACREIL annual budget, updated forecasts and reviewing in-country budgets

Arrears Management

• Manage debtors monthly, ensure legal processes are followed when necessary and in line with policy
• Drive improvements in debtor management and collections

Treasury Management

Strategically oversee the Group’s treasury function, ensure active liquidity management and cash flow monitoring to support the 11 SACREIL entities in the going concern. Includes facilitation and oversight:

• Ensure all 8 SACREIL entities meet their cash needs
• Ensure debt covenants are met, maintained and reported quarterly
• Manage third-party and related-party loan interest and capital repayments; redirect cash flows as needed
• Negotiate limits, covenants and repayments with lenders
• Ensure compliance with debt agreements and implement changes as necessary

Tax management and compliance

• Liaise with tax advisors for the 11 SACREIL group entities; review tax computations
• Oversee tax audits and return submissions for all SACREL entities and SAFA Trust
• Liaison with Sanlam Group tax division and respond to queries/reviews of the portfolio (CFCs, submissions, etc.)

Management of SAFA Trust

SAFA Trust is a dormant trust held by Sanlam Alternative Investments.

• Prepare the financial statements for review and approval by the directors
• Liaise with Group Tax and ITL for submission of tax returns
• Coordinate with the Company Secretarial team at ITL for unwinding of SAFA Trust

Qualification and Experience

Qualified CA with 3 to 5 years of related experience, post-articles.

Knowledge and Skills

• Financial analysis and planning
• Financial Management and controls
• Financial Reporting
• Financial Risk Management
• Management of employees

Personal Attributes

• Manages complexity - Contributing strategically
• Business insight - Contributing strategically
• Courage - Contributing strategically
• Builds effective teams - Contributing strategically

Build a successful career with us

We’re committed to building strong, lasting relationships with employees. We support career development and growth across our business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, MiWay, and Group Office.

Core Competencies

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

Turnaround time

The shortlisting process starts after the application due date. Time depends on progress and manager availability.

Our commitment to transformation

The Sanlam Group is committed to transformation and embraces diversity. This commitment drives a diverse, inclusive and equitable workplace. The Group’s Employment Equity plan and targets will be considered as part of the selection process.