Absa
Empowering Africa’s tomorrow, together…one story at a time.
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.
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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
Education
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:
· Trust
· Resourceful
· Stewardship
· Inclusive
· Courage
Education
Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)
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