What will you do?

• This is a 12-months Fixed-Term Contract role.
• Responsibile for the Financial portfolio management of SAREA including valuations, financials, 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 board.

Key Responsibilities include:

Financial Management of SAREA:

• The day-to-day financial management of SAREA is outsourced to Sanlam Investments (SI) Finance team and the role will be required to manage the relationship with SI Finance including:
• Reviewing monthly accounts and ensuring monthly reporting
• Preparing the annual budget and updated forecasts
• Quarterly management reporting to the SAREA Board and SI Alternatives Exco

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) and Lango Real Estate.
• 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 , ITL and Lango Real Estate 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
• Oversight of the internal valuations of the SACREIL property portfolio on a quarterly basis
• Quarterly financial reporting to the ARMC and SACREIL Board
• Quarterly reporting on the ARMC terms of reference checklist
• Preparation of SACREIL’s quarterly published accounts when required
• Review of the calculation for 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

Treasury Management:

• Strategically overseeing the Group’s treasury function, ensuring elective 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 11 entities in the SACREIL Group and SAREA meets its 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

Key Responsibilities cont…

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 11 SACREL entities
• Liaison with Sanlam Group tax division and attend to queries and reviews of the portfolio (Controlled Foreign Corporation “CFCs”, etc. submissions)

Asset Management and Operations:

Portfolio Valuation:

• Oversee and steer the annual external valuation process
• Prepare the quarterly internal valuations of the SACREIL portfolio assets
• Maintain and report on portfolio valuations for disposals, financial reporting, and for stakeholders like financiers
• Coordinate with property management teams to gather portfolio data for analysis and prepare required reports, including lease expiry profiles and sector segmental analysis

Leasing:

• Support the management teams and property managers in implementing strategies to achieve key performance indicators
• Support the negotiation and finalize leasing deals as necessary
• Ensure timely renewal of lease agreements

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

Contractual Compliance:

• Ensure compliance with property and asset management agreements
• Ensure all assets are adequately insured

What will make you successful in this role?

Knowledge and Skills

• Financial Analysis
• Financial Information Review
• Financial Reporting
• Financial Planning and Recommendations
• Financial Controls

Qualification and Experience

• Qualified CA with 3 to 5 years related experience.

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