Latest Recruitment at Sanlam

What will you do?
Responsible for determining prices of new derivative products and identifying schemes for managing risk on such products.   Builds pricing models for trading systems.  Understands underlying theoretical stochastic models and the variety of numerical schemes required to develop, implement and maintain pricing models.  Researches new models and numerical schemes.  Ensures that all risks in trading book products are correctly valued.  May be involved in identifying profitable trading opportunities.

What will make you successful in this role?

• Report and monitor daily risk across a combination of business units. This includes but is not limited to:
  •    Market Risk
  •    Credit Risk
  •    Liquidity Risk
  •    Funding Risk
• Follow up on limit breaches and obtain explanations from the front office teams.
• Error and exception monitoring and follow-up.
• Assist with the production of management reports (fortnightly, monthly, and quarterly).
• Assist with quantitative modelling / projects etc
• Build valuation and sensitivity models from first principles
• Handle ad-hoc requests such as:
  •    risk related queries
  •    recons of information between the various systems
  •    data collation from different data sources (e.g., Bloomberg, Murex, etc.); and
  •    assist with providing business information as and when needed.

Qualification and Experience

• MSc (Maths, Physics, Engineering) Degree with 3 to 6 years related experience
• Knowledge and Skills
• Risk analysis and management
• Understands underlying theoretical stochastic models and the variety of numerical schemes required to develop, implement and maintain pricing models. Researches new models and numerical schemes.
• Ensures that all risks in trading book products are correctly valued.
• Pricing Analysis/Modeling
• Product Risk Mgmt

Personal Attributes

• Business insight - Contributing through others
• Manages complexity - Contributing through others
• Financial acumen - Contributing through others
• Balances stakeholders - Contributing through others

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What will you do?

• Responsible for financial analyses or for a division providing financial accounting services for head office and/or group companies. Applies principles of accounting to analyse financial information and prepare financial reports.  Compiles and analyses financial information to prepare entries to accounts, such as general ledger, documenting business transactions. Analyses financial information detailing assets, liabilities and capital. Prepares balance sheets, profit and loss statements and other reports to summarize and interpret current and projected company financial position. Audits contracts, orders and vouchers and prepares reports to substantiate transactions prior to settlement. Installs, modifies, documents and coordinates implementation of accounting systems and control procedures. Makes recommendations regarding the accounting of reserves, assets and expenditures. May have supervisory and/or client relationship responsibilities.

What will make you successful in this role?

• Management reporting duties:
• Preparing monthly management reporting to Sanlam Limited EXCO.
• Assist in preparing annual Group budget.
• Interim and annual reporting:  Preparation and/or co-ordinating of the Shareholders Information section
• Trial balance controls/Reconciliation accounts
• Support IFRS 17 implementation for management reporting 
   

Statutory reporting duties:

Preparation and coordinating of reports in respect of the interim and annual reporting periods (not limited to annual financial statements only):

• Sanlam Limited
• Sanlam Life Insurance Limited group and company
• Sanlam Group
• Preparation of other subsidiary financial statements and management of audit process.
• Technical accounting related project and initiatives involvement and implementation (could include all aspects of project management)
• General IFRS technical support to the rest of the Sanlam Group, including training sessions (group and/or individual)
• IFRS 17 implementation (including system specifications and testing, transition disclosures etc.). This will include support to the management information team and not limited to IFRS reporting
• Maintaining of a high level of technical competence in the areas of IFRS
• Other JSE related reporting requirements:  Completion of checklists, SENS announcement, Summarised results, advertisements (but not limited to). 
   

Unlisted valuations:

• Review of the valuation of unlisted investments (portfolio and strategic) for submission to committee/board approval
• Good understanding of valuation principles and the models applied
• Works in collaboration with the Group Actuarial team that provides governance in respect of the model applied
• Compiling of Strategic and Portfolio reports for the SNLACB meeting (Sanlam Non-listed Assets Controlling Board), including all the addendums
• Audit liaison and compiling of sensitivity disclosures for Sanlam Group financial statements.
   

Deferred share plan (including Out Performance Plan):

• Valuation of current year awards and payment instructions
• Sanlam Share Investment Trust ledger entries and financial statements
• Annual valuations (PowerBI) and compiling of schedules for the businesses
• General ledger entries for Group Office
• HFM consolidation entries
• General accounting support to the businesses
• Audit liaison and facilitating of the distribution of deliverables
• Compiling of related disclosures (Sanlam Group and Life Group financial statements) 
   

Restricted share plan:

• Payment instructions of current year awards
• General ledger entries for Group Office
• Review workings/entries processed by other businesses
• HFM consolidation entries
   

Other functions:

• Updating of various group reporting timetables and key deliverables
• Documenting guidelines, processes and procedures where appropriate
• Audit liaison during interim and year end reporting periods
• Functional and user acceptance testing of all relevant systems as and when required
• All other ad hoc tasks that may be required from time to time

 
Qualification and Experience

• Qualified Accountant (CA (SA))
• 2-4 years experience in an accounting/financial environment
• Similar relevant experience in the insurance/financial industry 
• Experience in using Sanlam’s financial reporting systems (SAP/Hyperion Financial Management) will be to your advantage
• Well informed about or proficient in the use of modern technology and digital solutions

Knowledge and Skills

• Financial Analysis
• Financial Information Review
• Financial Reporting
• Financial planning and recommendations
• Financial Controls

Personal Attributes

• Communicates effectively - Contributing through others
• Decision quality - Contributing through others
• Manages complexity - Contributing through others
• Plans and aligns - Contributing through others

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What will you do?

• To assess each claim on the claim administration system and identify the type of claim
• Assess the validity of the identified claim by assuring all the supporting documentation has beensubmitted. (assess the documentation in terms of signed claim form, id of deceased, proof of bankdetails, death certificate, BI 1663)
• Valid claims are processes on the administration system and send for payment
• Claims that have outstanding documentation: client will be notified of outstanding requirement
• Invalid claims will be rejected/ Repudiated
• All claims processes must align to SLA and SOPS
• To maintain and error rating of less than 1 %
• Assure capturing of claims are done accurately
• Assure all criteria is met to pay claim
• Assure the quality of feedback (written and verbal) to clients
• To ensure that clients are provided with real time information on the status of the claim (feedback on theclaim processing)
• Assure feedback on requirements for successful claims payment is done timeously

What will make you successful in this role?
Qualifications & Experience

• Matric
• 1-year relevant experience in a similar environment essential

Knowledge & Skills

• Proficiency on MS Word,& Excel (intermediate level) essential
• Computer literate
• Communications skills (written and verbal)

Personal Attributes

• Attention to detail
• Customer focused
• Investigative
• Interpersonal skills
• Analytical skills

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What will you do?
 

• Responsible for administering estates, taking into consideration applicable legislation.  Deals with uncomplicated tax and liquidation matters. Understands the processes and systems involved in estate administration.

Outputs / Core Tasks:

Administration of deceased estates, including the following responsibilities:

• Attend to archiving function within the Estates Retail Team, entailing completion of all legal/policy requirements to archive a file, including drafting of cash statements/reconciliations, payments
• Interpretation of wills and Liquidation and Distribution Accounts
• Gather and evaluate information in order to prepare documentation and statements for finalisation estate
• Transfer/realise assets
• Advice to stakeholders
• Record-keeping - update system and scanning of documents

Requirements

Qualifications:

• Grade 12
• Estate & Trust Diploma will be an advantage

Experience:

• At least 3 years estate administration experience
   

Knowledge:

• Knowledge of relevant acts linked to estate administration
• Knowledge of Legalease will be an advantage

Competencies:

• Communicates effectively
• Administration orientation
• Decision quality
• Information gathering
• Cultivates innovation
• Concern for accuracy
• Plans and aligns
• Customer focus
• Collaborates
• Drives results
• Being resilient
• Computer skills (MS Word & MS Excel)