Finance : budgeting and forecasting, creating interim and annual financial statements, facilitating internal mergers and acquisitions, as well as dealing with analysts and investors.
Fully accountable to provide functional support for the financial management function. This will involve investigating, analysing and reporting on transactional financial data and information.
Key Responsibilities / Accountabilities
Support financial information
Prepare for review of financial statements and commentary to relevant stakeholders
Adhere to sound financial principles.
Assume responsibility for relevant input to finance work streams.
Analyse and explain the impact of business activities on total costs
Deliver on ad hoc requests from group finance and business in a timeous manner
Implement and manage monthly financial reporting and prepare commentary.
Maintain key financial controls over the monitoring and reporting of trial balance
Complete analytical investigations on a continuous basis as well as ad hoc projects.
Continuously adhere to all existing policies & procedures and sharing these across the area to promote standardisation & best practice and adherence to existing policies
Prepare and review management accounts in timely manner to all relevant stakeholders
Execute on all aspects relating to the annual budgeting, revised estimates, forecasts and actuals processes
Provide relevant reports and insights on all financial management activities
Plan and co-ordinate information from financial managers on a daily, monthly, annual and ad hoc basis.
Compile and present the monthly financial forecasts where applicable.
Implement relevant financial reporting as per stakeholder requirements without comprising financial integrity.
Adhere to reporting team deliverables re : standards on templates; timelines and procedures etc. during monthly and planning cycles.
Review, report and monitor financial information on a timely basis to the business / finance, including volumetric, headcount and any other pertinent information.
Understand the cost and recovery dynamics of your area impacting relevant stakeholders.
Be a trusted advisor to business
Implement and coordinate annual budgeting, revised estimates, forecasts and actuals processes.
Build and maintain relationships with various stakeholders at varying levels of responsibility.
Support the business teams in creating a finance partnership.
Obtain an understanding of the business environment and processes which are being supported in order to add value and allow for appropriate decision making to occur.
Influence stakeholders by challenging the status quo in order to add value.
Provide a value added services to business and finance via innovations in the area being supported.
Manage stakeholder expectations appropriately.
Participate in the effective change management of all finance led initiatives into business, with the relevant business stakeholders.
Provide financial input and feasibility studies for new projects initiated by stakeholders.
Monitor risk and ensure compliance
Enforce the group guidelines and policies around financial management and financial control.
Ensure that all risk issues are managed properly and incidents are reported timeously with all relevant stakeholders.
Partner and comply with relevant risk and compliance regulatory frameworks for all finance activities.
Ensure reputational and / or business risk is managed appropriately.
Ensure that mandatory compliance training in finance is driven effectively.
Support the transfer recovery cycle and methodologies
Review and implement the transfer recovery / transfer pricing cycles and methodologies.
Ensure fully loaded costs are processed and recovered from the service recipients
Ensure continuous stakeholder communication and knowledge sharing of recoveries for monthly and planning cycles
Direct, monitor, manage and support the team in delivering on agreed performance and strategic goals
Direct, monitor and support your team in delivering agreed performance goals.
Proactively drive own development plans.
Facilitate development of junior staff, where applicable.
Support managers with their recruitment decisions on request.
Participate in departmental goal and performance rating quality review (moderation) processes.
Manage the Performance Management process of direct reports from Goal setting, personal development planning, continuous performance monitoring and formal evaluation and appraisal of annual performance contract.
Ensure that direct reports have leave plans in place for their areas to ensure business continuity
Preferred Qualification and Experience
Degree in Finance / B Commerce
B Commerce with Honours
1-2 Years Post Articles / Post Honours Financial Accounting
1-2 Years Experience in a financial or management accounting role
3-4 Years Financial Accounting
Knowledge / Technical Skills / Expertise
Is able to process sums owed by the Bank in an efficient and timely manner using the SAP system.
Financial and Accounting Control
Is able to design control measures and checks in accounting and financial processing activities to mitigate risks of errors, omissions and fraud.
Planning, Forecasting and Budgeting
The ability to plan financial objectives in terms of cost and / or revenue for the short, medium and long term.
Interpreting Financial Statements
The ability to interpret financial reports, measure performance and execute key ratio analyses.
Preparing Financial Statements
The ability to prepare statutory or official financial statements in line with internationally accepted accounting practices and local regulatory requirements.
The ability to interpret tax laws and apply to the financial situation for the business as well as to create tax efficient structures and business deals.
Knowledge of financial accounting principles, classifying, measuring and recording transactions using the financial systems of the Bank.
An in depth, experiential understanding of more advanced analyses and the way in which financial ratios, trends, business and value drivers interact.
The ability to prepare financial reports of costs, cash flows, revenues and related items to inform management decision making.
Knowledge and understanding of costing, budgeting and finance concepts and the understanding and application of related processes and procedures.
Understanding and application of the process of assigning costs and revenues across multiple units, multiple legal entities and multiple geographies.