Job Summary<\/p>\n
\tTo process financial transactions accurately and timeously through the execution of predefined objectives as per agreed standard operating procedures (SOPs).<\/p>\n
Job Description<\/p>\n
Financial Reporting:<\/p>\n
\tPrepare and coordinate the preparation of financial statements, management reports, financial reports, statutory reports, Financial Services Council Report, monthly scorecards, sales reports, special data analysis, and ad-hoc information reports to enable decision making
\n\tAnalyse cash flow, cost controls, and expenses to guide managers as well as analyse financial statements to pinpoint potential weak areas If needed sign off on Taxation and VAT implications by guiding the correct completion by the dedicated staff to comply with statutory guidelines and group reporting timelines
\n\tSubmit financial reports to the Chief Financial Officer (CFO), Business unit head, Cluster Finance and the Group Finance Team on or before the agreed deadline Coordinate the preparation of budgets and variance reports by business units and 2 departments and ensure that all cost centre managers are engaged within agreed timeframes
\n\tHighlight variance from the business plan such as over-spend and provide explanatory notes for those variances
\n\tAnalyse financial results on a monthly basis and summarise them so as to enable the Business unit Management Team to take timely and appropriate actions
\n\tPrepare or oversee the preparation of monthly Group and Management reports including Balance sheet, Income statement and interdivisional schedule by extracting Balance sheet and Income statement from Analyst (financial reporting system) to enable reporting in the prescribed format.
\n\tSign off and discuss the monthly short term plan (STP), medium term plan (MTP) and rolling forecast (RAF) and budgets with the relevant stakeholders to enable consolidation into the Cluster forecast and budget.<\/p>\n
Financial Modelling:<\/p>\n
\tCreate excel based financial models or utilise tools available for all financial reporting requirements and build a data base of accurate financial and non-financial information which can be used to extract historical financial information
\n\tExtract financial and all applicable information from various sources, for example, the General Ledger (GL)
\n\tSupport the Management Team to understand their financial and management accounts, expenditure allocation, transfer pricing on their profit and loss accounts and how to conduct financial planning and forecasting
\n\tSuggest solutions to enhance cost effectiveness and operating efficiency of the business unit. Ensure that all action plans that have been agreed to are documented and assigned to the relevant owners and that the financial impact as regards the implementation is monitored.<\/p>\n
Financial Control and Compliance:<\/p>\n
\tMaintain appropriate internal control safeguards in line with the ABSA Group requirements by regularly reviewing all variance reports and other reports where applicable. Interact with the ABSA Internal Audit team and provide necessary information as and when required.
\n\tEnsure that the cost centre managers comply and adhere to the all regulations and policies when reflecting the financial position of their departments
\n\tEnsure that the business unit complies with governance and budgetary reporting requirements by always keeping abreast with new governance and policy developments.
\n\tReview and sign off on the quarterly General Ledger Control Frame work prepared by the preparers in the prescribed format to enable the Business unit manager to attest to the correctness and completeness of the Control framework.
\n\tSign off on the quarterly supplementary schedules and FD attestation to Group Finance prepared by the relevant staff in the prescribed format Provide input to Group Finance and the Cluster Chief Financial Officer during the development or update of financial policies, procedures, standards and governance with a focus on improving these frameworks to make it easier for departments to comply with requirements and improved efficiency.
\n\tEducate department heads on financial governance requirements in one-on-one coaching sessions and through meeting with business unit Exco teams.
\n\tWork with the Data Stewards in the business unit to log all data quality issues identified by members of the management accounting team or line managers.
\n\tParticipate in investigations to resolve data inconsistency issues and the refinement of data definitions for financial information specific to the business unit.
\n\tEnsure that all significant variances (budget vs. actual) are identified and reported to Business unit Exco and that all numbers prepared are 100% accurate.
\n\tEnsure that processes, control requirements and risk management frameworks that impact the management accounting area are documented and understood by all members of the team.
\n\tOwn and agree corrective action items with Internal Audit and Management 3 Assurance for findings related to the management accounting area in the cluster.
\n\tArrange issue assurance for closed audit findings.
\n\tEnsure that the team understands all compliance requirements and call for the area’s Compliance Officer to conduct briefing sessions if gaps are identified.
\n\tEnsure that all regulatory requirements are adhered to.
\n\tEnsure that all team members understand the control requirements related to physical and systems access control and information security.
\n\tCollect access cards from employees leaving the department or the bank and send instructions to IT and HR to remove their systems access<\/p>\n
Stakeholder Engagement:<\/p>\n
\tProvide advice and support to cost centre managers on financial risks and control matters that may have an impact profitability Interact with Business unit heads to have a clear understanding of the business
\n\tA good understanding of key value drivers to advice business on appropriate intervention strategies to meet targets Communicate financial policies, procedures, standards and guidelines to the business unit management team.
\n\tSupport projects by developing the financial component of the business cases that are created by the management Team to actively track and change benefits and costs of the project. Provide strong support to the operational team by having regular meetings with them to share financial performance<\/p>\n
Education<\/p>\n
\tNational Diploma . Degree in Financial Accounting
\n\tThree to five years working experience in Financial Services Accounting working environment<\/p>\n
Education<\/p>\n
\tHigher Diplomas: Financial Sciences (Required)<\/p>\n
End Date: August 12, 2025\u00a0<\/p>\n
go to method of application \u00bb<\/p>\n
Apply via company website ( https:\/\/www.absa.africa\/absaafrica\/ ) or<\/p>\n
<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_promoted":"","_job_location":"","_application":"","_company_name":"Absa Group Limited (Absa)","_company_website":"https:\/\/www.absa.africa\/absaafrica\/","_company_tagline":"Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise the possibilities on our continent and beyond. We're a truly\u00a0African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique... read more, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania, and Zambia. Absa Towers West, 15 Troye Street, Johannesburg, Gauteng, South Africa, 2000","_company_twitter":"","_company_video":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary":"","_job_salary_currency":"","_job_salary_unit":""},"job_listing_region":[11],"job-types":[34],"class_list":{"0":"post-15890","1":"job_listing","2":"type-job_listing","3":"status-expired","4":"hentry","5":"job_listing_region-gauteng","7":"job-type-full-time-hybrid"},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings\/15890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/media?parent=15890"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job_listing_region?post=15890"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-types?post=15890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}