Manager Corporate Finance at Santam Insurance

What will make you successful in this role?

• Identify and pursue potential transactions in support of the Santam Group corporate finance strategy.

• Analyse and evaluate opportunities, including mergers and acquisitions, joint ventures, start-ups, restructurings and disposals, internally generated or presented to the Santam Group against the Santam strategy. This includes:  

  • Detailed assessments of strategic rationale;

  • Financial impact and shareholder value creation potential;

  • Transaction and implementation risks; 

  • Funding alternatives; and 

  • The impact on existing operations.

• Structuring, negotiating and closing of transactions, including drafting of transaction proposals and non-binding offer letters.

• Detailed review of legal agreements to ensure commercial terms are appropriately reflected and transaction risks are adequately addressed.

• Leading the due diligence process for approved transactions.

• Makings recommendations to Exco for sign-off on the transactions, within the corporate governance framework, for further recommendation to Santam Board.  This includes drafting of Exco and Board transaction approval documents and presentations.

• Providing a Corporate Finance advisory service across the Santam Group.    

• Plan, manage and execute transaction related projects:

  • Ensure adequate resources and management of these resources (in terms of skills required, internal and in-sourced). This includes interaction with investment banks and legal advisors for larger transactions;

  • Manage execution of transaction within relevant time framework;

  • Manage transaction related risks, inter alia feasibility analysis, due diligence, alignment to company strategy and implementation;

  • Perform appropriate detailed valuations of targeted entities, including scenario analyses;

  • Ensure appropriate governance requirements are complied with e.g. regulatory approvals (Competition authorities, Prudential Authority, SARB, JSE, TRP), Exco and Board approvals.

• Financial support in developing the business cases for Santam’s strategic projects.

  • Commercial evaluation;

  • Financial modelling;

• Build and maintain effective relationships with key internal and external stakeholders including Exco, BU Heads, Directors, sub-committees, regulatory authorities, legal and tax advisors etc. 

Qualification

• CA (SA)

Knowledge and Experience​​​​​

• Completed articles at reputable audit firm plus relevant post-articles corporate finance experience

• At least 5 years relevant experience at a managerial level

• Project management principles, experience and understanding

• Advanced valuation and financial modelling skills

• Excellent working knowledge of SA Companies Act, SA Competition Act,  JSE Listing Requirements, Short-term Insurance Act (preferable) and SARB regulations

• Strategic level knowledge and experience in the following core areas:

  • Projecting future revenues and expenses

  • Financial Risk Management

  • Reporting

• Knowledge / experience in the short-term insurance industry is preferable

• Specialist financial knowledge and commercial thinking

• Ability to apply skills across a broad spectrum of financial disciplines and to deal with both internal and external stakeholders across all levels 

• Corporate legal knowledge and relevant experience working on transaction agreements

• Tax knowledge

Skills

• Excellent attention to detail 

• Leadership capability 

• Project management skills

• Advanced negotiation 

• Planning and organising

• Multi-tasking between various projects / transactions  

• Conflict management

• Excellent written and verbal communication skills

• Problem solving

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.