Description

Santam Limited is the largest short-term insurer in South Africa, with a market share in excess of 22%, providing short-term insurance products through broker networks and direct sales channels. The company was established in 1918 and offers personal, commercial, and corporate insurance solutions. Santam is a subsidiary of Sanlam Limited and has been listed …
Read more about this company

Finance Manager

  • Job TypeFull Time
  • QualificationBachelors
  • Experience10 years
  • LocationNot specified
  • CityBloemfontein
  • Job FieldFinance / Accounting / Audit 

Santam is looking for a suitably qualified and experienced Finance Manager – Crop Insurance. The position will be based in Bloemfontein offices.

  • To maintain, record and report on the SBU’s financial activities, which include the budget, financial income statement and financial controls, according to generally accepted accounting practice, both internally and externally.
  • To manage, coach and develop a team of Accountants and Financial Clerks.
  • The successful candidate must have the potential to take over any additional managerial responsibilities in crop insurance when opportunities arise.

What will make you successful in this role?

  • Preparation of Quarterly Board reports. 
  • Maintain general ledger accounts. 
  • Prepare preliminary monthly financial results for SBU.
  • Extract information from internal financial system for compiling monthly Bordereaux. 
  • Perform ad hoc analysis on financial results as requested by SBU management .
  • Calculate cancellation reserve monthly, with explanatory notes for deviations from budget and historical information.
  • Prepare summary of premiums and claims per line of business.
  • Provide actuaries with historical information for calculating UPP factors for the new season. 
  • Monthly reconciliation of control accounts using various extracts and cashbook entries for submission to Santam HO Finance Department.
  • Facilitate and manage budget process for SBU ensuring that all managers adhere to timelines. 
  • Manage legal actions regarding unpaid premium.
  • Monthly payment of commission to brokers and advisors.

Qualifications and Experience

  • BCom – Accounting or comparable qualification
  • At least 10 years in a business financial environment
  • Experience in an insurance environment is recommended

Knowledge and Skills

  • Knowledge of accounting – generally accepted accounting practice.
  • Implement controls and exercise internal control over all financial functions.
  • Monthly reconciliations and reporting.
  • Reconcile all information at Ledger level.
  • Knowledge of personal computer as well as certain software programs.
  • Accounting System Knowledge
  • Basic knowledge of Companies Act and tax legislation
  • Proficient in MS Office (Excel, Word, Power Point)
  • Accounting System Knowledge
  • Basic knowledge of Companies Act and tax legislation.

Competencies

  • Able to work under constant pressure.
  • Must be deadline-oriented.
  • Able to make decisions promptly, bearing in mind the consequences.
  • Able to multi-task.
  • Able to deal with regular interruptions.
  • Analytical and problem solving skills
  • Interpersonal and client service skills
  • Team player

Method of Application

Interested and qualified? Go to Santam Insurance on www.linkedin.com to apply