Finance Business Partner: Personal and Business Banking (Fixed Term Contrct)

Bidvest Bank Limited; Sandton; On-site; ZAR 1,200,000 - 2,000,000; Full time

Job summary

Bidvest Bank Limited in South Africa is seeking a senior finance professional to take full ownership of the Merchant Services and Card P&L for Business and Personal Banking segments, driving profitability and cost efficiency while reviewing contracts and costs.

The role focuses on business partnering, system integration, governance, and data-driven analysis to support frontline and product teams, with emphasis on strategic cost savings and performance optimization.

Qualifications

• CA(SA) or CIMA accounting qualification.
• 5-7 years in finance/business roles.
• Experience with P&L management and cost optimization.

Responsibilities

• Take ownership of Merchant Services P&L and Card P&L for Business and Personal Banking; ensure reporting and performance.
• Drive profitability while controlling costs across all scheme activities.
• Lead cost efficiency initiatives and manage expenses within divisions.
• Mentor and develop a team of finance professionals and ensure high performance.

Skills

Financial acumen

P&L Management

Leadership

Strategic Thinking

Analytical Mindset

Stakeholder Mgmt

Cost Optimisation

System Integration

Automation

Business case

Education

CA(SA) or CIMA

Job description

PRIMARY PURPOSE

The purpose of the role is to support the Personal and Business Banking divisions. This role will be crucial in managing the full P&L for Merchant Services and Card Transactions for both business and personal banking segments. This individual will also drive cost efficiency including scheme costs, review contracts, and identify cost-saving opportunities. The ideal candidate will have significant experience in business partnering, understanding scheme costs and processes, working closely with frontline and product teams, and have a track record of optimizing financial performance in these areas.

TECHNICAL COMPETENCY REQUIREMENT

• Financial Acumen
• P&L Management & Cost Optimization
• Leadership & Team Management
• Strategic Thinking & Problem Solving
• Analytical Mindset
• Relationship Building & Stakeholder Management, Internal Controls, Scheme
• Cost optimisation, System integration and automation, Business case development

REQUIRED MINIMUM EDUCATION AND TRAINING

An accounting qualification CA (SA), OR CIMA.

REQUIRED MINIMUM WORK EXPERIENCE

5-7 years prior experience in Finance and Business roles.

KEY PERFORMANCE AREA (KPA)

FINANCIAL

• Take full ownership of the Merchant Services P&L and Card P&L for both Business Banking and Personal Banking, ensuring accurate reporting, analysis, and financial performance.
• Drive the financial performance of card and merchant services, ensuring profitability while maintaining a focus on cost control and efficiency.
• Lead efforts to drive cost efficiency across all scheme-related activities, focusing on reducing scheme costs and penalties.
• Oversee and manage all expenses within the Personal and Business Banking divisions, ensuring accurate financial reporting and controls.
• Identify opportunities to optimize costs, streamline processes, and implement cost-saving initiatives without compromising service delivery

CUSTOMER CENTRICITY

• Levels and quality of service delivery as experience by internal & external stakeholders
• Interprets business/customer requirements to provide timeous solutions.
• Responsiveness: Speed of responses, reaction time, going the extra mile, turnaround time
• Degree of customer satisfaction from customers.
• Participate in building solid business cases for Opportunities Identification (Cross-sell, upsell, acquisitions, new products, etc). Campaigns Formulation & Tracking.
• Provision of quality insightful Client, Product, Channel, Banker Analytics. 1. Rate x volume type analysis. 2. Unpack the make up of rate to clearly articulate what works or does not work and clarity of action. 3. Volume - Distil the impact of volume analysis to clearly reflect on corrective action and who needs to action what.

OPERATIONAL EXCELLENCE

• Understand the operations of the various systems within the division and how these feed into the reporting system.
• Understand the finance operations of the division and ensure that all general ledger recons are per the Quality Recon Governance Framework.
• Understand billing on the relevant products and how this translates to acquiring and transactional revenue.
• Lead the Operational Risk committee for PBB Finance

PEOPLE LEADERSHIP

• Embrace diversity in race, gender, religion. Diversity in skills, experience, and work across capability to problem solve. Employee Net Promoter Score (eNPS)
• Lead, mentor, and develop a team of finance professionals, ensuring high performance and fostering professional growth.

DATA MANAGEMENT

• Identify repetitive processes and reimagine the process. Eliminate manual work arounds. Eliminate/reduce the number of journals processed on a regular basis.

STAKEHOLDER MANAGEMENT

• Work alongside key business decision makers.

REPORTING

• Timeous reporting to supported Business and external parties.

LEARNING AND GROWTH

• Keeping abreast of own development and ensure exposure is gained based on development areas.
• Provide training and development to staff.
• Take ownership for driving own career development

WORK CONDITION: OFFICE BOUND