Financial Manager

**Who are we?** **Sanlam Investment Group** The Sanlam Investment Group is uniquely equipped and positioned to deliver on its purpose of empowering generations to be financially confident, secure and prosperous. Through our vast in\-house expertise and strategic partner networks, we can access all asset classes across the globe, private and public, actively and passively managed, to develop investment solutions that are in our clients’ best interests and have a positive impact on society. Backed by the Sanlam Group’s balance sheet, the Sanlam Investment Group has a true competitive advantage in its ability to invest alongside clients, particularly in private markets where impact investing drives the agenda. The Sanlam Investment Group is one of the largest, most diversified financial services and investment firms in Southern Africa with assets under management and administration of more than R2 trillion. It is a B\-BBEE level 1 contributor and one of the largest black\-empowered asset managers on the African continent. **Sanlam Alternative Investments (SAI)** The purpose Sanlam Alternative Investments (SAI) business is to help build the African continent and make a real sustainable difference in the emerging economies in which we operate in, aligning to the Sanlam Group’s mission of financial inclusion. The SAI business has a broad range of capabilities that include Private Equity, Specialised Finance, Property, Infrastructure and Partnerships. Sanlam is the biggest non\-banking financial institution on the continent, operating in Africa for over 100 years. **What will you do?** 4 months contract for a Financial management responsible for the financial, treasury and regulatory reporting for the vehicle which it advises, Sanlam Africa Core Real Estate Investments Limited (SACREIL), domiciled in Mauritius and its subsidiary entities and entities in which SACREIL has an ultimate ownership stake to contribute to, and support the financial decision\-making process of the SAREA executive team and advisory committee.**Responsibilities Include :** The main functions of the position are as follows: * **Outsourced Financial Management of SACREIL:** SACREIL does not have any employees and is managed by its Board as assisted by the Audit and Risk Management Committee (ARMC) with certain investment and portfolio management functions outsourced to SAREA and other administrative, compliance and company secretarial functions outsourced to Intercontinental Trust Limited (ITL). The role is required to continue improvement of the internal financial controls across the SACREIL group of companies, and manage the relationship with the ARMC and ITL with respect to: * Management accounts, including the management accounts of all of SACREIL’s subsidiaries and other investment entities in Mauritius and the relevant countries in which its properties are located. * Quarterly financial reporting to the ARMC and SACREIL Board * Quarterly reporting on the ARMC terms of reference checklist * Review of the quarterly Advisory Fee due to SAREA. * Review the dividend calculation per SACREIL’s dividend policy and ensure regulatory compliance. * Liaison with the auditors for the SACREIL and its underlying investee entities. * Preparing SACREIL’s annual financial statements (AFS) and annual report and providing oversight on the preparation of SACREIL’s subsidiaries’ AFS. * Liaison with the tax advisors for the SACREIL group entities and review of tax computations * Consolidation of SACREIL’s accounts into the Sanlam Group accounts semi\-annually * Preparing SAREA’s representation to SACREIL, and SACREIL’s representation to Sanlam Group semi\-annually. * Preparing the SACREIL annual budget and updated forecasts and reviewing the in\- country budgets *Arrears Management:* * Manage debtors monthly, ensuring legal processes are followed when necessary and in line with company policy. * Drive improvements in debtor management and collections. * **Treasury Management:** Strategically overseeing the Group’s treasury function, ensuring e active liquidity management and cash flow monitoring. Ultimately enabling the 11 entities in the SACREIL Group to pass the going concern assumption. This includes facilitation and overseeing: * Ensuring that all 8 entities in the SACREIL Group meets their cash needs * Ensuring debt covenants are met, maintained and reported on a quarterly basis * Manage third party and related party loan interest and capital repayments, and redirect cash flows accordingly * Negotiate limits, covenants and repayments with lenders * Ensure compliance to all debt agreements and implement changes when necessary * **Tax management and compliance** * Liaise with the tax advisors for the 11 SACREIL group entities and review of tax computations. * Oversee tax audits and return submissions of all SACREL entities and SAFA Trust * Liaison with Sanlam Group tax division and attend to queries and reviews of the portfolio (CFCs, submissions, etc.) * **Management of SAFA Trust:** SAFA Trust is a dormant trust, held by Sanlam Alternative Investments. * Prepare the financial statements for review and approval by the directors * Liaise with Group Tax and ITL for the submission of tax returns * Co\-ordinate with the Co\-sec team at ITL for the unwinding of SAFA Trust **Qualification and Experience** Qualified CA with 3 to 5 years related experience, post articles **Knowledge and Skills** Financial analysis and planning Financial Management and controls Financial Reporting Financial Risk Management Management of employees**Personal Attributes** Manages complexity \- Contributing strategically Business insight \- Contributing strategically Courage \- Contributing strategically Builds effective teams \- Contributing strategically**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 of achieving great things. We pride ourselves in helping our employees to realise their worth. Through its five business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.**Core Competencies** Cultivates innovation \- Contributing strategically Customer focus \- Contributing strategically Drives results \- Contributing strategically Collaborates \- Contributing strategically Being resilient \- Contributing strategically**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 is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensure 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.