Primary Purpose The purpose of this role will be to assist in leading the execution of financial control strategic objectives and oversight of financial control and compliance with International Financial Reporting Standards (IFRS).
Minimum Requirements Qualifications Bachelor's degree in finance, Accounting, or a related field Advanced degrees such as a or a professional qualification such as a Chartered Accountant CA (SA) or Chartered Institute of Management Accountants CIMA or similar.
(Ideally) Experience 5 years' previous experience in banking or similar role Thorough understanding of operations in a bank with 6+ years' experience in similar industry and role Technical Competency Requirement Strategic Planning: Ability to develop and implement financial strategies that align with the bank's overall business objectives and drive growth Financial Management - Responsible for preparation and processing of month end journals.
Reviewing the month end process and making improvements. Preparation and review the budget for the Bank related entities Data Analysis : Review reconciliations between data used for IFRS 9 credit models and statutory data to ensure alignment.Ensure IFRS 9 models used for monthly impairment calculations adhere to IFRS 9 requirements Reporting : Preparation of consolidated management accounts as per regulatory reporting requirements for the Bank on a monthly basis.IFRS Reporting disclosures and ensure this is in line with industry standards. Preparation of statutory financial statements for the Bank and Bank related entities Budgeting and Forecasting : Ability to create and manage budgets, and to use forecasting tools to project future financial performance.
Accounting: Knowledge of accounting principles and practices, including GAAP and IFRS, and ability to apply them to financial reporting and analysis.
Digital Financial Management : In today's fast-paced and digitally driven world, a Finance Manager should have a solid understanding of digital financial management tools and technologies.
This includes proficiency in data analytics, data visualization, and financial management software, as well as an understanding of emerging technologies like blockchain and artificial intelligence.
Ability to use data analytics tools and techniques to analyze financial data and generate insights that inform strategic decision-making.
Risk Management : Ability to assess and manage financial risks, such as credit risk, market risk, and operational risk.
Regulatory Compliance : Understanding of financial regulations and compliance requirements, and ability to ensure that the bank is meeting these requirements.
This position is advertised in line with our commitment to Employment Equity.