Chief Financial Officer; Designate Jobs in Sandton, South Africa at Sanlam
Position: Chief Financial Officer (Designate)
Who are we?
Sanlam Financial Markets is the business unit in Sanlam Group that is responsible for managing shareholder credit, market, and liquidity risks, developing balance-sheet enabled products, and developing solutions to optimize Sanlam’s balance sheet(s) to generate shareholder value. SFM works closely with the Balance Sheet Management function of Sanlam to assist the Balance Sheet Management Function in its pursuit of optimising returns on the Sanlam balance sheet.
Overview
Finance function is a control and reporting function that is responsible for managing all the company’s financial processes and its resources including financial control and reporting, management accounting and financial performance, financial planning (budget and projections) and product control and performance. It is a key enabler as it is responsible for generating financial information to support decision making and translating business strategy into financial plans and budgets.
It is basically responsible for the overall financial welfare and affairs of the company.
We are therefore looking for a CFO Designate who will understudy and eventually take over from the current CFO that is retiring soon. The incumbent will lead and have the full oversight of overall finance activities aligned to the strategic agenda of the broader SFM business including SPM and SSS businesses.
The incumbent will report to the SFM CEO and work closely with internal and external stakeholders in ensuring delivery of quality and reliable financial and management information.
Key Responsibilities
Financial Strategy
Partake on development and execution of the business strategy and thereafter develop financial strategic initiatives in support of such business strategy and plans
Drive operational efficiencies across the business through the enhancement of the control environment
Oversee effective execution of an annual and 4-year forward-looking strategic budget.
Oversight of financial control and reporting
Ensure appropriate financial reporting systems, accounting systems and internal control mechanisms are in place to enable effective financial management of the business in line with statutory, regulatory, IFRS and internal stakeholders’ requirements
Oversee the valuation of assets (covered and non-covered businesses) and accounting treatment thereof
Manage annual financial statements approval, audit process and tax administration
Financial Planning and Analysis
Oversee analysis and monitoring of business plans against budget with focus to revenue, operating costs, capex, regulatory capital and economic capital
Ensure effective financial planning including monthly variance analysis with insights for the outlook
Key Responsibilities Continues
Financial Performance and Reporting
Responsible for the measurements and reporting on the business financial performance or KPIs against set targets to respective governance forums and executives.
Oversee product control (middle office) process ensuring effective delivery of complete and accurate regular Profit and Loss (PnL) results.
Other key responsibilities
Drive desired culture within Finance and in the business
Develop and maintain effective control and management information framework in line with Group policies and guidelines
Academic Qualifications and Experience
CA(SA) or equivalent with good knowledge of IFRS and financial instruments.
Good working knowledge of the valuation and measurement techniques of financial instruments
Working exposure to product control (middle office), business and financial performance reporting, financial planning and capital reporting
A minimum of 8 years finance experience (in investment banking finance will be an advantage)
Ability to manage stakeholders’ expectation and requirements at all levels
Life assurance and asset management experience would be beneficial
Key Competencies
Strategic thinker, excellent analytical and problem-solving skills with strong attention to detail
Effective interpersonal, presentation and communication skills with excellent storytelling and influencer or persuasive
Ability to build relationships across multiple teams and…
Title: Chief Financial Officer; Designate
Company: Sanlam
Location: Sandton, South Africa
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