Management Accountant

Sanlam Developing Markets (SDM), a wholly-owned subsidiary of Sanlam Life Limited, is one of the top financial services providers in the South African entry-level and emerging middle market. It aims to understand the unique requirements of clients and offers a wide range of simple and affordable financial solutions that cover needs such as funeral insurance, savings for education, life cover, and personal accident plans.

Key Responsibilities:

• Perform calculations, prepare and oversee the preparation of financial management reports.
• Assist with the month-end process (including review of month-end journals) and produce monthly management accounts, providing analysis to management.
• Timeously and accurately prepare and report on the company’s financial performance against budget and forecast on a monthly basis.
• Monthly reporting using HFM and reconciling HFM reports to the management accounts on a monthly basis, including preparation of report packs.
• Assist on ad hoc projects within Finance and Business to ensure the success of the business.

Technical Expertise:

• APE calculation.
• Assist New Business Team with advice and reporting.
• Commission and overriding commission calculation.
• Analyse numerical data, verbal data, and all other sources of information.
• Link and integrate different kinds of information across areas and over time to form ideas.
• Break information into component parts, patterns, and relationships.
• Probing for further information or greater understanding of a problem.
• Make rational conclusions from the available information and analysis.
• Demonstrate an understanding of how one issue may be a part of a much larger system (systems thinking).
• Produce workable solutions to a range of problems that relate logically and rationally to the situation/issue/information obtained.

Formulating Concepts and Strategy:

• Work strategically to realise organisational goals.
• Set and develop strategies.
• Identify and develop positive and compelling visions of the organisation’s future potential.
• Take account of a wide range of issues across, and related to, the organization.

Team Management:

• Provide others with clear direction, goals, and objectives.
• Set appropriate standards of behaviour.
• Delegate work appropriately and fairly.
• Involve the team in decisions and actions.
• Motivate and empower others.
• Recognise and reward the contribution of others.
• Tend to trust people to perform.
• Provide resources and opportunities for development (e.g., challenging and stretching objectives, tasks and assignments; courses; etc.).

What will make you successful in this role?

Qualification & Experience:

• Matric.
• BCom Honours in Accounting.
• Three years’ experience in a reporting role in the insurance industry.

Knowledge and Skills:

• Computer literacy – MS Office – Excel and Word.
• Exposure to financial accounting systems e.g. SAP and HFM will be advantageous.
• Accounting principles and policies.
• Regulatory legislation.
• Basic knowledge of the insurance industry.
• Well-developed verbal and written communication skills.
• Analysing.
• Relating and networking.
• Coping with pressures and setbacks.
• Teamwork.
• Confidence and decisiveness.
• Pro-activity.
• Planning and organising.
• Quality and detail orientation.
• Adapting and responding to change.
• Interpersonal sensitivity.
• Adhering to principles and values.
• Persuading and influencing.
• Achieving personal work goals and objectives.

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 achieving great things. We pride ourselves in helping our employees realise their worth.

Core Competencies:

• Being resilient.
• Collaborates.
• Customer focus.
• Cultivates innovation.
• Drives results.

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 drives us to achieve a diverse, inclusive, and equitable workplace as we believe 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.