Group Procurement Finance Manager (CPT)
Santam
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Job summary
Santam is seeking a seasoned Finance Manager based at the Head Office in Tygervalley, Cape Town. The role focuses on day-to-day financial management within Group Procurement Finance, including budgeting, reporting, and stakeholder engagement across the organisation.
In this role you will consolidate Balance Sheet reconciliations, manage headcount across GP cost centres, and deliver financial modelling for business cases. Collaboration with Exco and CFOs is key.
Qualifications
- Minimum 8–10 years of experience in financial management, budgeting, forecasting, analysis and reporting.
- Bachelor level or higher education in finance; CA preferred.
- Experience with budgeting, reporting and cost modeling within a procurement/financial environment.
Responsibilities
- Lead day-to-day financial management and operations in Group Procurement Finance.
- Monthly reporting of financial position against budget across all GP cost centres.
- Consolidation of Balance Sheet reconciliations for Group Procurement.
- Manage personnel headcount across GP cost centres; include permanent and contract resources.
- Provide financial modelling and business case support for procurement initiatives.
- Analyse expense trends and identify cost optimization opportunities.
- Assist senior leadership with commercial agreements and stakeholder presentations.
Skills
Education
Tools
Job description
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The Group Procurement team is seeking to hire a seasoned Finance Manager to be based at Santam Head Office in Tygervalley, Cape Town.
The Santam operating environment is complex, with responsibilities extending beyond Santam to include engagement with both its subsidiaries and the broader Sanlam Group. The incumbent will play a pivotal role in the financial planning, budgeting, performance management, and reporting of Group Procurement budgets and operational activities.
This role requires an individual who can effectively engage and influence stakeholders across all levels of the organisation, from junior management through to Manco, Exco members, and CFOs, as well as external suppliers and internal Group functions. Success in the role will depend on the ability to build and maintain strong, collaborative business relationships, navigate a diverse stakeholder landscape, and support strategic decision-making through sound financial and operational leadership.
The incumbent will be responsible for the day to day financial management and operations in the Group Procurement (GP) Finance department.
Monthly financial management of the Group Procurement BAU financial position includes:
- Monthly reporting of the financial position against the budget across all Group Procurement cost centres in the Income Statement.
- Monthly consolidation of the Balance Sheet reconciliations specific to Group Procurement for review and sign off.
- Management and reconciliation of the personnel and headcount across all Group Procurement cost centres for both permanent and contract resources.
- Analyse trends in expense bases relative to expectations and provide insight into cost optimisation and innovation.
- Processing of journal in general ledger and processing of invoices
- Group Procurement Finance Build/update a budget and billing models for specific Group Procurement services
- Calculating the total cost of Group Procurement Service across the Sanlam/Santam Group
- Determine the appropriate cost drivers per service to enable transparency of Group Procurement allocation across the group.
- Assist all Group Procurement head, Exco, Manco and finance managers with the commercial agreements across business.
- Assist Group Procurement head of finance with preparation and review of all Procurement related business cases, including financial modelling
- Provide in-depth data and analytical investigation and recommendations
- Conduct data and analytical deep dives and presentations with relevant stakeholders
- Adhoc
Business Planning- Level 6 - Adaptation
Contribute to the development of annual business plans; input to the development of business cases for key activities/projects and with estimating the financial and human resources required to deliver performance targets.
Financial Management and Control- Level 6 - Adaptation
Work within established systems to deliver prescribed outcomes for a designated area of financial control.
Insights and Reporting- Level 6 - Adaptation
Prepare and coordinate the completion of various data and analytics reports.
Information and Business Advice- Level 6 - Adaptation
Provide specialist advice on the interpretation and application of policies and procedures, resolving queries and issues and referring very complex or contentious issues to others.
Recommendations- Level 6 - Adaptation
Advise others on how to design new processes and systems that meet professional standards.
Action Planning - Fully Competent
Works with full competence to review and evaluate recommendations and requirements and to develop appropriate plans or deliver actions required. Typically works without supervision and may provide technical guidance.
Management Accounting - Fully Competent
Works with full competence to professionally interpret financial information to support business decision making. Typically works without supervision and may provide technical guidance.
Assessment - Fully Competent
Works with full competence to assimilate and understand data and information from various sources in order to draw appropriate conclusions and make relevant recommendations. Typically works without supervision and may provide technical guidance.
Line of Business (LOB) Products, Services and Acumen - Fully Competent
Works with full competence to demonstrate a comprehensive understanding of the line of business, including its operating model, clients, products, services, competitive landscape, regulatory context, market trends, economic conditions, and other risk factors. Typically works without supervision and may provide technical guidance.
Data Collection and Analysis - Fully Competent
Works with full competence to determine and analyze trends from data that is collected to assist in compiling reports that will help in decision-making. Typically works without supervision and may provide technical guidance.
Financial analysis - Fully Competent
Works with full competence to examine, interpret, and evaluate financial data to provide insights into an organization's fiscal health and support informed decision-making. Typically works without supervision and may provide technical guidance.
Minimum of 8 – 10 years of experience in financial management, with expertise in budgeting, forecasting, analysis and reporting
Good and proven business acumen.
Proven track record of maintaining a strong analytical focus.
Technical accounting and reporting skills - regulatory requirements, taxation and VAT, budgeting, planning and forecasting
In depth understanding of Data and cost modelling
In depth understanding of Santam/Sanlam systems and processes
Insurance knowledge would be a strong recommendation
Working knowledge of Power BI, TM1 or Qlik or any other reporting tools advantageous.
Basic experience of coordinating the work of others (4 to 6 months)
Undergraduate Degree / Honours Tertiary Degree
Qualified CA with 6 to 8 years related experience
Manages Complexity
Plans and Aligns
Tech Savvy
Ensures Accountability
Our recruitment process
You made it. Here we ensure we receive all your documents to get you onto our payroll system.
Our recruitment process
Step 1
Our vacancies are advertised between 3-5 days depending on the market availability of the skills required.
Our recruitment process
Step 2
Could take a couple of days depending on the volume and the screening process, which various according to the complexity of the role.
Our recruitment process
Step 3
Long listed candidates are sent to the hiring manager to review and consider for the next stage of the selection process.
Our recruitment process
Step 4
Candidates may be contacted for a short screening interview to get to know them better and to ask any clarity seeking questions.
Our recruitment process
Step 5
We use a competency interview model. Interview dates will be confirmed via e-mail. During the interview you will be introduced to the panel and the process will be explained. Remain calm and sell yourself. This is our opportunity to match your skills to the job. You only get one shot!
Our recruitment process
Step 6
Should we like what you bring to the table, depending on the job you are being considered for, you may be invited to complete a psychometric assessment. Further employment checks are conducted the ensure the validity of your credentials.
Our recruitment process
Step 7
Prior to an offer being made, there may be a second interview to meet with the Head of Department.Should there be a need for any further interviews, be sure to bring the same charm that got you through your first interview.
Our recruitment process
Step 8
You made it. Here we ensure we receive all your documents to get you onto our payroll system.
Step 1
Our vacancies are advertised between 3-5 days depending on the market availability of the skills required.
Our recruitment process
Step 2
Could take a couple of days depending on the volume and the screening process, which various according to the complexity of the role.
Our recruitment process
Step 3
Long listed candidates are sent to the hiring manager to review and consider for the next stage of the selection process.
Our recruitment process
Step 4
Candidates may be contacted for a short screening interview to get to know them better and to ask any clarity seeking questions.
Our recruitment process
Step 5
We use a competency interview model. Interview dates will be confirmed via e-mail. During the interview you will be introduced to the panel and the process will be explained. Remain calm and sell yourself. This is our opportunity to match your skills to the job. You only get one shot!
Our recruitment process
Step 6
Should we like what you bring to the table, depending on the job you are being considered for, you may be invited to complete a psychometric assessment. Further employment checks are conducted the ensure the validity of your credentials.
Our recruitment process
Step 7
Prior to an offer being made, there may be a second interview to meet with the Head of Department.Should there be a need for any further interviews, be sure to bring the same charm that got you through your first interview.
Our recruitment process
Step 8
You made it. Here we ensure we receive all your documents to get you onto our payroll system.
There is not just one way to be successful at Santam, nor is there one way to interview with us. Interviewing is a two-way process - it helps us learn about you, and it helps you learn about us, our people, and what you could do here.
Santam has been officially recognised by the Top Employers Institute as a Top Employer 2025 for excellence in people practices. This is the ninth consecutive year that we have achieved this accolade.
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