time left to apply End Date: January 10, 2025 (30+ days left to apply)
job requisition id R-15969981
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.
Job Summary The purpose of the role is to report monthly financial results to Front Office areas (Resource Project Finance, Structured Asset Finance, Agency) as well as Group and finance teams. Support business in understanding and interpreting their financial results by providing value add analysis to aid in decision making. Implement improved processes and ways of reporting to enhance value-add to business; Plan for future years' performance considering economic variables, the businesses strategy and risk variables.
Job Description Accountability: Managing the Finance Environment Review and present monthly financials and variance commentary to Front Office and where required support the Senior Finance Business Partner with presentation to EXCO Meetings.Engage with the Central Planning team to deliver monthly reports for Group reporting purposes.Compile and present Financials to the relevant business owners (RPF, SAF, Agency) on a monthly basis including financial actuals against forecasted trends and prior year performance.Conduct research and develop financial forecasts and indicators for the business to enable effective financial decision making and early warning systems.Actively engage with Capital Management team to review and ensure RWA reporting is correct.Accountability: Financial management and Business Partnering Monitor financial trends and identify gaps, based on gaps identified, advise business and finance on actions that can be taken.Obtain a thorough understanding of the business unit's strategy and explain it to team members in such a way that they understand the contribution they have to make and can relate that strategy to a forecast.Provide financial advice and guidance to line managers and business owners on new initiatives, current budget management practices and trends in their areas of accountability.Explain targets and take accountability for the monitoring and achievement of front office performance down to a Headline Earnings Level including return metrics (RoRC, RoRWA, PARCC etc).Conduct basic statistical analysis to track performance variances and determine the root causes of errors. Make recommendations for productivity or process enhancements to process owners.Populate balanced scorecards for the specific department on a monthly basis. Work with the team to address shortcomings during the next month. Escalate any major issues identified to the next level manager.Participate in the measurement and reporting of internal and external Service Level Agreements on a monthly basis.Address any process failures specific to the department under management.Accountability: Business Planning Develop sound annual Financial Plans together with your Front Office Desk Heads within the agreed timeframes.Review the 3 year forecast for Medium Term Plans (MTP's) for the area of accountability in accordance with BU strategy annually.Review the Revised Annual Forecast (RAF) for the area of accountability in accordance with BU strategy annually.Review the income statement and balance sheet against budget with accountable managers on a monthly basis and engage on areas of under-performance.Accountability: Governance Ensure that processes, control requirements and risk management frameworks that have been designed for the area are understood by all members of the team and that these are adhered to on a monthly basis.Complete compliance training undertaken within prescribed timelines.Implement required governance forums to support improved financial management practices within own area of responsibility. (e.g. monthly finance reporting and monthly finance meetings.)Education and Experience Required NQF Level 7: Honours/Master's Degree BCom Accounts.Minimum 3 years financial management experience.Competencies: (Maximum of 8 competencies) Deciding and initiating action.Learning and researching.Entrepreneurial and commercial thinking.Relating and networking.Adapting and responding to change.Persuading and influencing.Creating and innovating.Education Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required).
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank. Absa Bank Limited reserves the right not to make an appointment to the post as advertised. About UsTruly AfricanWe are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance.
Absa Group Limited is listed on the JSE and is one of Africa's largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.
We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda, and Zambia. We also have offices in China, Namibia, Nigeria, the United Kingdom and the United States of America, a Technology Hub in Prague, and insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.
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