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Snr Finance Business Partner Apply remote type Hybrid locations Sandton time type Full time posted on Posted 7 Days Ago job requisition id R-15964967 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 provide financial leadership and support to the business. Provide guidance from a financial perspective to the business around the developing and measurement of businesses strategic goals. Drive operational understanding of the financial impact of decisions made. Drive the businesses financial objectives by providing accurate value-added financial management information and analysis
Role Specific Purpose:
This role will manage monthly reporting processes and the end-to-end planning processes from forecasting thought leadership, to planning, monitoring and evaluation throughout the annual financial calendar. This includes focus on business analysis and insights to providing business intelligence to inform and influence leadership decisions, all while reducing financial risk. The incumbent is expected to optimise the process efficiency and improvement. It will further include commercial financial modelling. The incumbent partners with the CFO and is responsible for end-to-end financial management, including developing forward-thinking analysis, generating management reports, statutory compliance, scaling automated financial processes to crafting financial strategies aligned to business financial health and growth objectives within his/her function of the BU, and ensures that business makes sound financial decisions. The FBP enables achieving the operational objectives of the business by building an agile finance enablement to transform, to bring stewardship, financial integrity & insights to the current state of the business & its future possibilities to deliver on the new operating model and to achieve the business strategy objectives. The role is responsible to co-create, build and run Finance capabilities required to lead to exponential growth and business effectiveness.Job Description Investment Bank Execution Accountabilities Responsible for tactical strategy and the navigation of multiple/complex leadership relevant across his/her function of the BU.Leveraging tactical and practice integration, accountable to optimise the function. Co-accountable with CFO and Executive Head for business growth and profitability.Ensure that the CFO is appraised of key financial issues that need to be raised with executive leadership to enable integrity and timely management the BU.Deliver on our Customer Promise by creating unprecedented, seamless experiences.Implementation and creating of global best operating practices.Drive continuous process efficiency, financial rigor and controls. Pioneer and implement Finance best practices, digital solutions and effective change enablement. Build a scalable, digitally-led business.Drive cost management objectives for function within the BU.Contribute to functional strategy, create a shared purpose and identity for functionLead all aspects of the core finance processes for Investment Bank Finance (annual planning, forecasting, spend trajectory and reporting), and partner with the business leaders to evaluate the productivity of operations, enable wise resource allocation, and drive intelligent scenario planning.Stimulate a leadership context of solid understanding of the markets/segments/customers/products to help drive financial growth, performs product and customer profitability analysis to assist with business decisions. Build capability to partner with business to identify opportunities to utilise relevant solutions to innovate new products and services with the intent of driving customer value and revenue..Foster strong relationships with business units by establishing a customer service culture within the commercial finance team.Influence integration of Treasury, Risk, and Finance from a BU perspective.Maintain stewardship and excellence which drives performance and sustainable growth through preservation of financial integrity.Financial Reporting Accountabilities Partner with leaders to define, optimize and monitor progress on their strategic agenda, short-term and long-term plans and investments, operational success metrics, efficiencies, risks and mitigations.Seek advanced modelling and analysis capability to provide actionable intelligence, beyond data within the function.Develop finance narratives and insights driving business; and build pioneering new propositions.Ensure appropriate, quality and timeous delivery of accurate financial and non-financial management information to support business objectives and expectations, including appropriate financial and non-financial metrics, valid and insightful comments and packaging the information in a relevant and appropriate manner.Deliver reporting reflecting deep commercial, holistic understanding, coherency, clarity, and contextualisation. Tell the story with passion and conviction.Provide thought-leadership, insight, influence and challenge on evolving stakeholder information requirements and reporting processes to deliver analytics.Drive the stakeholder engagement and processes around month-end, year-end and planning cycles across Everyday Banking. Prepare for all cycles in advance and ensure adequate engagement with the relevant finance and BU teams.Integrate the production of regular, high quality, standardised financial and non-financial reporting and analytics to Business and Finance. People Investment Accountabilities Coach, inspire, engage, mentor and develop finance and business savvy leaders.Play to our A-Game culture of Culture of inclusivity, diversity, entrepreneurship, and ownership.Be an enabler of capabilities, talent and service level to fulfil business and functional responsibilities in an innovative efficient manner.Regularly engage with the other finance and BU teams regarding the process surrounding demand management, ensuring that adequate controls are in place to ensure effective utilisation of the Finance team's resources.Embed the correct governance and control frameworks across the Finance team, as well as for proactively addressing any deficiencies and exceptions.Build BU leadership capability by influencing deep understanding of income statement, balance sheet, margin returns, variance analysis, capital and liquidity requirements, revenues, assets, liabilities and capital, expenses, headcount analytics and other key ratios through relevant engagement. Hold BU managers accountable for ensuring adaptability of the team to changes in external regulatory requirements and business performance outlook.Role / Person Specification Minimum B-degree (NQF level no.7) Desired Post Graduate Degree (NQF level no.8+), CA (SA) or CIMA or MBA qualification preferred.5+ years professional financial management experience5+ years Banking Experience at a management levelPreferred team lead in Finance Function teams or in professional environmentsKnowledge and skills:Experience in business transformation contexts related to exponential business growthExperience in commercial innovation environmentsBroad Finance including strategic, commercial, legal, risk and operational aspectsAbility to build, develop & lead professional level teams Understanding of the financial services sector within a professional business environmentKnowledge of people change management Education
Postgraduate Degrees and Professional Qualifications: 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
Similar Jobs (1) Finance Business Partner - Tech Finance remote type Hybrid locations Sandton time type Full time posted on Posted 8 Days Ago We 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 representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.
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