Summary
Date Posted: Thursday, July 27 2023, Base Salary: Not Disclosed

JOB DETAILS:
Bring your possibility to life! Define your career with us
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.

Job Summary
• To provide the senior management team with an insightful knowledge of the bank’s business drivers through robust and challenging analysis.
• To provide a proactive approach to improving quality of management information and analysis.
• Act as a focal point for communication between Finance and other departments / clusters within ABT and Group Finance on budget and performance issues.
• Identify cost drivers and recommend cost control / management initiatives.
• To lead the business analytics team.
• As part of Finance function leadership team to play a leadership role by providing insights, ideas and technical accounting and business solutions for the betterment of the bank

Job Description
Main accountabilities and approximate time split

Planning 40%
• To co-ordinate preparation of ABT’s medium term plan and budgets including providing management with analytical support to enable them to prepare and submit quality budgets within agreed periods.
• To challenge functional budgets thereby ensuring that they are realistic and stretching.
• To ensure capital budgets are adhered.
• Build a relationship with all budget holders at all levels.
• Ensure functional and Group cross working in Country and with Group and Cluster Teams.
• To agree key budget assumptions and to prepare the budget timetable.
• Prepare CMC and Board packs on performance assessment against set budgets

Performance Management 50%
• Effective presentation of detailed business performance analysis through production of monthly management accounts.
• Support and constructively challenge monthly results, forecasts and plans for each of the business line.
• Perform ad hoc analysis within set deadlines and as requested by senior management.
• Identify value adding initiatives in conjunction with Chief Financial Officer and other business leaders in other functions.
• Provide accurately segmented information on income, costs, and balance sheet to satisfy internal and external functional needs.
• Prepare and submit / forward Ml requests from CMC members and Group Finance within agreed deadlines and to ensure the information meet the highest standard.
• To prepare capital plans and to review every month to ensure that there are no violations of WRA ratios and other BOT requirements.
• Be aware of and up to date with all financial and commercial issues affecting the bank.
• Recommend system enhancements to strengthen financial management systems.
• Managing group reporting that falls under planning and performance management.
Staff Management 10%
• Help team members to identify strengths and weaknesses in their own skills and attributes, review their self-development plans and ensure training and development needs are accommodated.
• Coach team members on Planning & Performance Management.
• Assess employee’s performance against contract. Review and input to Performance Management Reviews.

Risk and Control Objective
• Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture.
• Understanding of own role in the end-to-end processes in which you play a part, including applicable risks and controls.
• Adhere to Barclay’s policies and procedures applicable to own role, demonstrating sound judgment and responsible risk management.
• Report all risk events / incidents / issues using the defined process for your business area and help to understand why these happened and how to prevent them in future.
• Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented.
• Continuous and proactive engagement with regulatory bodies, unions where applicable
• All mandatory training completed to deadline.

Education and Experience Required
• Bachelor’s Degree in Accounting, Finance, Taxation, Banking, Actuarial Science or Computer Science.
• CPA (T)/ACCA Qualified Member – Qualified Certified Accountant is a must.

Knowledge & Skills and Experience requirement: (Maximum of 6)
• Very strong computer and MI skills necessary for preparation of financial and performance presentations to senior management and Board of Directors. Advanced level skills on Microsoft Excel, Word, and PowerPoint
• Strong analytical and diagnostic skills.
• Strong planning skills – Experience in budgeting process in organizations.
• Excellent communication skills at all levels.
• Excellent understanding of competitive activity.
• Good understanding of global and domestic economic trends.
• Ability to work to tight deadlines without compromising quality.
• Strong team player with good interpersonal, negotiation and influencing skills. Ability to influence senior management across the business.
• Experience in the financial services environment.
• Experience in Leadership positions of not less than 3 years leading a team of two people or more and overall experience of not less than 5 years.
• Excellent Accounting knowledge
• Flexibility and experience to work as Financial Controller will be an added advantage.

Personal Attributes:
• Results oriented.
• Strong in analysis and judgment.
• Strategic approach to issues.
• Information gathering.
• Business awareness.
• Team Player.
• Good Communication.
• Quality Conscious.

Knowledge of the bank’s products, services and policies required to undertake the role:
• Broad knowledge of the Bank’s financial, costing and management accounting processes.
• Good knowledge of the bank’s products and services.
• Good Knowledge of Bank’s balance sheet structure.

Other requirements specific to the role:
• Experience of working in a financially focused role.
• Experience of providing financial support and advising and influencing business management.
• Excellent analytical skills to enable financial and operational analysis and interpretation.
• Able to assimilate, interpret and communicate complex financial analysis to non-financial people.
Training likely to assist effectiveness in the role, and which may have been completed prior to undertaking this role:
• Product / Service knowledge
• Influencing and Negotiation Skills
• Presentation Skills
• Leadership and Team Management training.

Absa Values
Our Values provides a framework for how we in Absa work together and how we serve our customers and the communities we are in:
• We drive high performance to achieve sustainable results.
• We are obsessed with the customer.
• Our people are our strength.
• We have an African heartbeat.

Education
Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)


Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure
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