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
Financial Control is responsible for ensuring that Absa Africa fulfils its financial, statutory and regulatory reporting requirements, while ensuring compliance with accounting, regulatory and balance sheet control policy. Financial Control comprises the following areas: Accounting Control, Reporting & Analytics, Risk Management and Governance, Technology Enablement, Cluster Control and Technical Accounting. Financial Control serves as the Group’s primary interface with the auditors and regulators.Accounting Control owns the processes that enables sustainable, accurate and timeous financial information in support of reporting to external and internal stakeholders. The individual will operate in the key processes in Accounting Control, in the Absa Financial Services – Product Control Group (AFS PCG).
Job Description
Key Accountabilities
Accountability: Manage financial information completion process (40%)
- Act as a process executor for completion of financial information, including the accountability for the following key processes:
o Journals and month-end close
o Reconciliations
o Completion of Supplementary information
o Interdiv and Elimination
o Tax
o Accounting Functions
- Support to Subject Matter Expert (SME) on processes, resolution of issues and ad hoc requests from stakeholders including:
o Cluster Financial Controller
o Cluster CFO/BP&A team members
o Other Financial Control functions
- Support SME on obtaining TAG opinions and ad hoc queries on accounting issues.
- Act as the process executor for implementation of new standardised processes where relevant.
- Provide feedback to stakeholders on results reflected in the financial accounting system, as well as issues identified where there are potential risks to numbers.
- Act pro-actively in correcting issues and implement a sustainable process.
- Ensure that principles of the Financial Control Operating Model are complied with and sustained.
- Maintain and enhance processes
o Identify areas of improvement in completion, review and or submission processes to drive and implement a sustainable and effective process in support of quality and accuracy
o Identify synergies between different reporting processes and implement new and or enhanced processes
Accountability: Process Execution and Automation (40%)
- Execution of processes as designed.
- Constantly review, improve and maintain own activities to enhance the effectiveness and efficiency of processes.
- Recommend areas for improvement in order to reduce cycle times, improve productivity, create capacity and improve process reliability and customer satisfaction.
- Assist in the implementation of new and/or enhanced processes.
- Identify activity-specific risks and work with Process Owner / Process Architect to mitigate risks.
- Maintain awareness of own activities and the impact thereof on related / interdependent activities.
Accountability: Provide support to other process executors through motivation and employee engagement (20%)
- Understanding and managing team dynamics to maximize performance;
- Escalate issues around allocation of resources to process architects tasks to ensure delivery of team objectives;
- Ensure continued development of resources, through coaching and mentoring, to empower value added delivery of tasks.
Role/Person Specification
Knowledge & Skills
- Exceptional academic track record
- Understanding of financial reporting processes and related controls (Expert)
- Ability to identify control gaps and weaknesses (Expert)
- Ability to analyse and interpret financial data (Expert)
- Ability to write concise effective reports (Expert)
- Advanced excel skills to contribute to the team
- Good understanding and experience in implementing automated solutions
- Basic knowledge of SQL will be beneficial
- Demonstrated project management skills will be advantageous
Education and experience
- B degree/similar qualification in a financial/related discipline or CA(SA)
- Non CA: 4-6 years relevant experience / CA : 1 to 4 years PQE experience
- Business experience in a Banking environment gained from a Finance, Product
- Experience in SAP and millennium
Competencies
- Deciding and initiating action
- Entrepreneurial and commercial thinking
- Relating and networking
- Adapting and responding to change
- Persuading and influencing
- Creating and highly 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
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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.
