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
To prepare financial information for all stakeholders of the business for informed decision making and to support the business. To take accountability for financial reconciliations between sub-systems and the general ledger, and for ensuring the validity, accuracy, and completeness of financials.
Job Description
This role is primarily responsible for Absa Fleet Card and is tasked with ensuring the validity, accuracy, and completeness of the financial reporting systems
The key responsibility of this role is for reconciliations such as the following:
- Reconciliations between the product systems and the sub-systems
- Reconciliations between sub-systems and the financial reporting systems
- Reconciliations between office accounts/AVAF and Absa Fleet Card
- Reconciliations between source data and upload files, and to payments to vendors
- Reconciliations between inter-divisional and inter-group settlements
- Preparing journal entries for uncleared transactions as well as other financial reporting journals required to ensure the validity, accuracy, and completeness of the trial balance
- Prepare correction journals as and when queries are raised on misallocation of costs, overcharge, or no charges
- Responsible for providing accurate financial data timeously from the source systems to influence decision making
- Deep dives on monthly/yearly variances and on movements questioned by management
- Responsible for monthly flash reporting and month end deliverables such as reporting packs and commentary on variances
- Analyzing management information and reporting on trends and variances monthly
- Responsible for loading financial data into financial systems (monthly and ad-hoc such as budgeting, outlooks, and revised annual forecasts)
- Prepare and capture the accruals and provisions for the month to give the business area an indication of the Liabilities which still need to be settled by the business area
- Finance Related Queries: Follow up and provide feedback on queries related to income statement expenses as and when required
- Respond to income and expenditure queries from the business and finance stakeholders timeously
Accounting and Reconciliation Management:
- Perform accounting-related tasks and reporting, ensure reconciliations are completed
Financial Governance, Reporting and Control:
- Present monthly management accounts reports such as Budget vs actual, Operational Budget Report on a monthly basis
Audit Support:
- Provide support to auditing activities
Educational Requirements
- A financial diploma or degree
- At least 3 years of experiences in a reconciliations/financial management role.
Education
Higher 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
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What We Do
Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise growth on the African continent and beyond. We’re a truly African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.
