Specialist : Banking Services : SLS : Finance : Job Grade : 08 : Bellville

Overview

Sanlam Life and Savings (SLS) is focused on serving our retail and corporate clients in South Africa and further developing our strategic advantages in the South African market. Sanlam Life and Savings consists of the following business units Retail Mass, Corporate, Risk and Savings, Glacier and various business enabling functions. The Sanlam Life and Savings Office provides strategic direction, coordination and support to the four clusters, as well as performing governance oversight that includes assurance provided by second line of defense functions in SLS, to enable us to meet our business objectives.

What will you do?

The main purpose of the role is to support the business’s cash and bank related activities. This role involves diverse responsibilities such as handling transactional bank queries and effecting payments, reconciling bank and associated suspense accounts, investigating and resolving open items, ensuring Banking SAP GL accounts are accurate and complete, assist with monitoring of FICA CTR, compilation of the cash funding requirements reports and investigate and follow up of cash forecast variances with business, managing business and bank queries assisting management with internal and external auditors’ deliverables.

What will make you successful in this role?

• Ensure that manual bank statements are updated into SAP (where applicable).
• Perform suspense and bank account reconciliations per banking services procedures and investigate unallocated items for resolve.
• Prepare and track daily Business Funding requirements to ensure sufficient liquidity exists on daily basis.
• Ensure accurate Cash Funding Reports are distributed to appropriate stakeholders.
• Perform Opening balance variance analysis on all managed bank accounts.
• Ensure all approved journals are recorded in SAP / MJCT.
• Liaise with banks and internal stake-holders on Transactional queries and follow up for resolution.
• Maintain updated process checklists.
• Ensure adherence to FICA requirements.
• File maintenance and record keeping.
• Manage email queries with little supervision.
• Support management with internal and external audit deliverables.
• Identify and communicate system and process issues in SAP.
• Proactively identify and communicate any discrepancies on Bank Statements manager.
• Assist manager with UAT for SAP solutions before implementation.
• Approve domestic payments on Banks system and ensure approved payments are captured accurately, completely and timeously on Bank system.
• Consolidate and prepare bank charges and interest report for all managed accounts and drive clearing of variances.
• Back-up for completing the monthly Dashboard for unallocated entries and ensure its complete and accurate for senior manager review.
• Support management with ad-hoc tasks.

Qualification and Experience

Knowledge and Skills

Core Competencies

Personal Attributes

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.

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.

Closing date : 7 November 2025

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 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.

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