Job Description

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To provide specialist advise and support in the maintenance and analysis of financial data in order to provide accurate reports and information to relevant business stakeholders, through the execution of predefined objectives as per agreed SOPs.

Business Performance Management -

• Development and running of the Ml in the Finance environment.
• Produce daily, weekly and monthly reports which will cover all the pieces of credit cycle including acquisition performance, portfolio performance (up to the segment profitability level) and operational related reports.
• To understand the key drivers of income & cost and develop and report financial and other performance measures required by local management & BA Finance to monitor profitability of major products and of individual functions.
• To monitor actual performance of ABSL against target, analyze variances, both on an entity and on a functional basis.
• To provide country & functional financial management information to function heads, including commentaries on variances to ensure business functions are accountable for their performance.
• To respond to routine and ad hoc information requests from Finance Management/ Function head regarding business performance.
• To work on scenarios to produce reports that enable the quantification of impact of changes in economic variables (interest, exchange, inflation) on our performance
• To recommend actions to management on how to improve performance and cost reduction, where necessary.
• To support the business in the production of specific technical elements of Management Accounts including Regulatory & Statutory Reporting and the provision of core ongoing accounting operations, like monitoring the recharges, accrual process and General Ledger control.
• To provide an updated annual/half yearly/one-month forecast of performance against budget
• To help in any Finance related activities as and when directed by the Head of BP & A and FD.
• Cover for the Accounts Payable and General Ledger Control Officer should it be required
• To help produce the financial business case for investment projects in BBS and to monitor benefits by gathering data and calculating costs, benefits and returns.
• To provide support and analysis on a range of issues in connection with the Financial and Management Accounts e.g. variance/trend analysis (actuals v/s budget) makeup of specific income, costs, assets, liabilities.

Decision Support -

• To provide support in providing financial business case for investment projects in ABSL and to monitor benefits by gathering data and calculating costs, benefits and returns.
• To provide support and analysis on a range of technical issues in connection with the Financial and Management Accounts E.g: variance/trend analysis (actuals v/s budget) makeup of specific income, costs, assets, liabilities etc, and their key drivers, identify and raise management concern on areas of concern/ pressure points.

Strategy& Planning-

• Assist in providing information for key elements of strategic management activity, involving the identification of how value is created, destroyed and driven in the function
• To provide support to the Line Manager in the MTP/STP/RAF process.
• Support management in identifying areas of opportunities, threats, risks & challenges within Banking & competitor environment, by providing both financial & non-financial information.

Financial Control-

• To provide support in the challenging of plans to commit costs, identifying areasfor cost efficiency and managing the delivery of benefits
• Provide support in the FTP, cost allocation and cost apportionment process and methodologies to ensure a fair distribution of economic benefits & costs across functions.
• Support audit process by assisting in the reviewing of audit schedules, and liaising with auditors during statutory audit
• Provide support finance management in initiatives for improvement in control within the dept by helping in DRCAs and Process Map reviews.

Risk & Control – Time Split 5%

• Ensure that all activities and duties are carried out in full compliance with regulatory requirements
• Enterprise Wide Risk Management Framework and internal Absa Policies and Policy Standards.
• Understand and manage risks and risk events (incidents) relevant to the role.

Education

National Diplomas and Advanced Certificates: Financial Sciences (Required)