Senior Finance Analyst : Movies And Series

Multichoice; Gauteng; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading media and entertainment company in Gauteng is seeking a Senior Finance Analyst to manage financial performance and ensure operational excellence within the balance sheet. This role requires a degree in accounting and 3-5 years of relevant experience in the FMCG sector. Candidates should demonstrate strong analytical skills and proficiency in SAP and Excel. The company offers competitive benefits and a dynamic work environment.

Qualifications

• Minimum of 3 - 5 years in FMCG environment managing financial performance.
• End-to-End SAP knowledge/understanding of finance-related modules.
• Competency in computer skills particularly strong in reconciliation.

Responsibilities

• Oversee processing of BSC operational excellence and customer service objectives.
• Preparation of monthly and annual general accounting activities.
• Perform quality balance sheet reconciliations and reporting.

Skills

Analytical skills

Interpersonal skills

Time management

Problem-solving skills

Communication skills

Education

Degree in accounting or related field

Tools

SAP

Microsoft Excel

Power BI

Job description

Senior Finance Analyst Movies And Series in Randburg

Showing 4 Senior Finance Analyst Movies And Series jobs in Randburg

Posted today

Job Description

Dreaming big is in our DNA. It's who we are as a company. It's our culture. It's our heritage. And more than ever, it's our future. A future where we're always looking forward. Always serving up new ways to meet life's moments. A future where we keep dreaming bigger. We look for people with passion, talent, and curiosity, and provide them with the teammates, resources and opportunities to unleash their full potential. The power we create together – when we combine your strengths with ours – is unstoppable. Are you ready to join a team that dreams as big as you do?

Key purpose: to oversee the processing of information to ensure that the BSC operational excellence and customer service objectives are achieved; to ensure accurate reporting and appropriate governance of all elements contained in the balance sheet. This position reviews daily activities related to the balance sheet transactional processes ensuring accuracy and validity and reporting.

Key Roles and Responsibilities:

• Managing the health of all VOPS balance sheet accounts in terms of risk, ageing, validity of transactions within the accounts
• Preparation of monthly and annual General Accounting activities
• Preparation of General Accounting, ensuring that journals are accurately and timeously uploaded and processed in Jean
• Drive the reduction of manual journal entries (MJE) and maintain Jean tool sustainability
• Manage payment of strategic suppliers through the FI payments process
• Timely issue of sundry debtor invoices & statements to customers and follow up with customers for payment within signed payment term
• Responsible for payment allocation on payment receipts as well as matching & clearing of payments and invoices
• Preparation of commentary on weekly and monthly age analysis on sundry debtors
• Maintaining the master data of sundry debtors
• Responsible for resolving customer queries through business escalation process
• Administer and timeously clear all open items in SAP to ensure a healthy ageing status
• Perform quality balance sheet reconciliations and reporting risks identified
• Present and implement corrective action and preventive action for recurring process related issues
• Adherence to General Ledger closure deadlines in accordance with management requirements
• Help the team and Team Lead in identifying process improvements, excellence and process efficiency opportunities housed in working capital
• Assist the team to meet weekly and monthly targets and all relevant SLA's and KPI's
• Maintenance of role training documentation. Assisting in knowledge transfer to new employees within the role
• Perform Root Cause analysis for recurring or high severity issues resulting in issue reduction
• Identify automation opportunities to improve the way we operate and work closely with technology to leverage system functionalities to improve the process
• Adhere to internal control protocols and provide information as required to internal and external audit and adherence and proper documentation for MICS and SOX
• Provide visibility of balance sheet key challenges, risk and insights as well as journal risk items to senior management
• Trouble shoot issues and share improvement ideas with Team Lead
• To ensure accurate reporting and appropriate governance of all elements contained on the balance sheet
• Support the Fixed Assets, Intercompany and General accounting teams to ensure compliance with agreed SLA
• Prepare functional monthly balance sheet deck for presentation to senior management
• Support external audit queries and AFS reporting as required

Key Attributes and Competencies:

• Ability to be flexible with duties and scope of work including performing ad hoc requests and projects
• Ability to build productive working relationships – internally and externally with excellent stakeholder management within the business
• Strong interpersonal / business skills and time management skills
• Excellent analytical and good problem-solving skills
• Ability to communicate effectively both orally and in writing
• Ability to uphold confidentiality, integrity and availability of information, records or processes associated with services provided
• Able to work on own initiative and prioritize workload effectively with effective planning and organizing while meeting deadlines
• Help the team and Team Lead in identifying process improvements, excellence and process efficiency opportunities
• Strong Business knowledge and commercial acumen
• Understanding of Agile Methodology and Stakeholder Ways of Working
• Aligned to Ab-Inbev 10 Principles and leadership capabilities and lives the company's values
• Degree in accounting or related field
• Minimum of 3 - 5 years in FMCG environment and managing financial performance and working capital
• End-to-End SAP knowledge/understanding of finance related modules
• Strong process knowledge and understand general finance processes relating to balance sheet transactions
• Competency in Computer skills (MS Office, Excel, PowerPoint, Power BI), with particularly strong Excel and reconciliation skills

Additional Information:

• Band: VIII
• SAB/ABInBev is an equal opportunity employer, and all appointments will be made in line with SAB/ABInBev employment equity plan and talent requirements. The advert has minimum requirements listed. Management reserves the right to use additional/ relevant information as criteria for short-listing.

Is this job a match or a miss?

Posted today

Job Description

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

Provide complex advice and support in the positioning of finance operating models and frameworks in a broadly defined group functional strategy; enabling operating model, strategy and value chain formulation and alignment.

Job Description

Financial Planning - Strategy participation:

Outputs to deliver this accountability:

• Contribute to the development of the strategy for the cluster by providing a view on the profitability of business units through analysis and performance forecasts
• Ensure the provision of advice on the financial, tax planning and financial risk management aspects
• Review and approve the consolidated financial plans for the Business Unit (RAF, MTP and STP) before presenting to the Business Unit Exco and Head for final approval
• Advise the Business Unit Exco on the business performance of all business units in the Cluster against the strategic objectives and financials
• Facilitate the discussions on the way forward
• Participate in the reviews of new business opportunities (joint ventures, acquisition 2 potential, new products or services) by conducting analysis on the financial soundness of the opportunity
• This could include due diligence on existing practices in the other organisation or checking forecasts of potential earnings. Approve or decline
• Continuously consider the interplay between the SBU and the larger Group, the competitive environment and the financial market to identify new opportunities for cost reduction or revenue enhancement and advise the Exco of the area on which opportunities to pursue
• Support the business unit seniors to understand their financial and management accounts, with a particular focus on how expenditure is allocated, the impact of transfer pricing on their profit and loss accounts and how to conduct financial planning and forecasting
• Coordinate the transfer pricing process and negotiation and sign off the transfer pricing charges with the Business Unit's different internal service providers. Formulate creative solutions to enhance cost effectiveness and operating efficiency of the Business Unit
• Influence business unit seniors to buy in to the proposed enhancements, ensure that actions are documented and assigned to clear owners and monitor the financial effects of implementation

Performance measurement and reporting:

• Direct and oversee the preparation of financial reports, special data analysis, and adhoc information reports by managing a team of financial and management accountants and analysts and communicating the standards for activities and outputs
• Sign off the financial quarter-end, half year-end and year-end Financial and Tax packs including results published to the Financial Markets and External Analysts
• Together with the Business Unit Head, participate in bi-annual discussion forums with Financial Analysts on the published results and performance of the Business Unit
• Analyse financial results on a monthly basis and summarise it so as to enable business unit management to take timely appropriate actions and to ensure a rational utilisation of assets
• Manage the optimisation of Economic Capital for the Business Unit through analysis of economic capital and profit, reporting on it and providing advice and proposals to the Business Unit Exco on optimisation initiatives
• Present and report accurate and timely historical financial information of the cluster to Group Finance on or before Group Finance deadlines. Financial reports have to meet generally accepted accounting practice and Absa Group financial reporting standards and data definitions
• Coordinate all financial reporting requirements for Absa Group Limited report requirements and participate in performance review discussions with Absa Group Limited seniors, product owners and Absa Group Limited GRCB Finance
• Oversee the review of financial and management accounting reporting practices in place in the Business Unit to ensure that they meet the required standards. Implement corrective or improvement actions when required
• Arrange for the preparation of budgets and variance reports by department and ensure timely distribution to cost centre owners
• Budgets include financial plans, headcount, IT plans, project/programme expenditure
• Highlight variances from the business plan - under spend and overspend and work with business unit seniors to develop corrective actions

Financial systems, analysis tools and models:

• Based on the standards determined by Group Finance, arrange for the evaluation and update of the financial systems in place in the business units or cluster (systems include budget tools, tax planning tools, financial reporting systems, asset registers etc.).
• Make recommendations to Group Finance on systems enhancements required
• Participate in the development of data definitions for financial reporting to ensure that Group Standards are understood and maintained within the business unit, and that business unit requirements are incorporated into Group Standards (example of definitions for Headcount may include certain types of 3 contractors and others not).
• Where standard systems and tools do not meet reporting/analysis/forecasting requirements of the business, investigate alternative solutions and make comprehensive recommendations to the Business Unit Exco and Group Finance to source and implement alternatives. Oversee the programme management of the implementation
• Based on the criteria and frameworks developed by Group Finance, establish and maintain a system to evaluate all strategic initiatives/major projects prior to launch together with the cluster Exco, prioritise projects and project funding
• For major projects, support the project sponsors to develop the business case, in particular the financial components
• Provide tools and support business unit seniors in the process of scenario planning including economic forecasting and modelling. Oversee and prioritise the activities and focus areas of the MI team

Compliance:

• Ensure compliance with governance and budgetary reporting requirements by always keeping abreast with new governance and policy developments and ensuring ridged implementation in the business unit's finance area
• Develop and implement finance, accounting, billing, and auditing procedures by ensuring that records systems are maintained in accordance with generally accepted auditing standards
• Establish and maintain appropriate internal control safeguards in line with Absa Group requirements
• Comply and adhere to tax regulations and regulatory compliance to properly reflect the financial position of the business unit
• Ensure the production of timely, reliable and complete financial information to meet the various needs of the senior management, regulatory authorities, and government agencies
• Act as subject matter expert by frequently communicating financial policies, procedures, standards and guidelines in the cluster and BU finance teams and the broader business unit
• Participate in the development of the business units BCM (Business Continuity Management) plan by reviewing recovery arrangements from a cost perspective and ensuring the critical financial processes are adequately covered and tested
• Interact with Absa Internal Audit, Management Assurance and External Auditors during the setting of audit or review scope, furnishing information required and reviewing findings. Advise the business unit's Exco on appropriate corrective actions
• Coordinate the resolution of all internal and external audit findings related to yearend financial audits

Financial Risk Management:

• Counsel senior management on risk and control matters as well as potential impact on profitability by preparing presentations on risk management
• Work with the operational risk team to develop Key Risk Scenarios and Detailed Risk and Control Assessments (DRACA's) with a particular emphasis on the capital reserves required to cover potential failures
• Ensure that control issues are escalated to process owners to keep capital requirements to a minimum
• Evaluate the risks identified in strategic initiatives or projects and make recommendations to the project sponsors on whether the risks are worth the return
• 10 years financial services experience

Education

Postgraduate Degrees and Professional Qualifications: 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

Is this job a match or a miss?

Posted today

Job Description

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

Provide complex advice and support in the positioning of finance operating models and frameworks in a broadly defined group functional strategy; enabling operating model, strategy and value chain formulation and alignment.

Job Description

Financial Planning - Strategy participation:

Outputs to deliver this accountability:

• Contribute to the development of the strategy for the cluster by providing a view on the profitability of business units through analysis and performance forecasts
• Ensure the provision of advice on the financial, tax planning and financial risk management aspects
• Review and approve the consolidated financial plans for the Business Unit (RAF, MTP and STP) before presenting to the Business Unit Exco and Head for final approval
• Advise the Business Unit Exco on the business performance of all business units in the Cluster against the strategic objectives and financials
• Facilitate the discussions on the way forward
• Participate in the reviews of new business opportunities (joint ventures, acquisition 2 potential, new products or services) by conducting analysis on the financial soundness of the opportunity
• This could include due diligence on existing practices in the other organisation or checking forecasts of potential earnings. Approve or decline
• Continuously consider the interplay between the SBU and the larger Group, the competitive environment and the financial market to identify new opportunities for cost reduction or revenue enhancement and advise the Exco of the area on which opportunities to pursue
• Support the business unit seniors to understand their financial and management accounts, with a particular focus on how expenditure is allocated, the impact of transfer pricing on their profit and loss accounts and how to conduct financial planning and forecasting
• Coordinate the transfer pricing process and negotiation and sign off the transfer pricing charges with the Business Unit's different internal service providers. Formulate creative solutions to enhance cost effectiveness and operating efficiency of the Business Unit
• Influence business unit seniors to buy in to the proposed enhancements, ensure that actions are documented and assigned to clear owners and monitor the financial effects of implementation

Performance measurement and reporting:

• Direct and oversee the preparation of financial reports, special data analysis, and adhoc information reports by managing a team of financial and management accountants and analysts and communicating the standards for activities and outputs
• Sign off the financial quarter-end, half year-end and year-end Financial and Tax packs including results published to the Financial Markets and External Analysts
• Together with the Business Unit Head, participate in bi-annual discussion forums with Financial Analysts on the published results and performance of the Business Unit
• Analyse financial results on a monthly basis and summarise it so as to enable business unit management to take timely appropriate actions and to ensure a rational utilisation of assets
• Manage the optimisation of Economic Capital for the Business Unit through analysis of economic capital and profit, reporting on it and providing advice and proposals to the Business Unit Exco on optimisation initiatives
• Present and report accurate and timely historical financial information of the cluster to Group Finance on or before Group Finance deadlines. Financial reports have to meet generally accepted accounting practice and Absa Group financial reporting standards and data definitions
• Coordinate all financial reporting requirements for Absa Group Limited report requirements and participate in performance review discussions with Absa Group Limited seniors, product owners and Absa Group Limited GRCB Finance
• Oversee the review of financial and management accounting reporting practices in place in the Business Unit to ensure that they meet the required standards. Implement corrective or improvement actions when required
• Arrange for the preparation of budgets and variance reports by department and ensure timely distribution to cost centre owners
• Budgets include financial plans, headcount, IT plans, project/programme expenditure
• Highlight variances from the business plan - under spend and overspend and work with business unit seniors to develop corrective actions

Financial systems, analysis tools and models:

• Based on the standards determined by Group Finance, arrange for the evaluation and update of the financial systems in place in the business units or cluster (systems include budget tools, tax planning tools, financial reporting systems, asset registers etc.).
• Make recommendations to Group Finance on systems enhancements required
• Participate in the development of data definitions for financial reporting to ensure that Group Standards are understood and maintained within the business unit, and that business unit requirements are incorporated into Group Standards (example of definitions for Headcount may include certain types of 3 contractors and others not).
• Where standard systems and tools do not meet reporting/analysis/forecasting requirements of the business, investigate alternative solutions and make comprehensive recommendations to the Business Unit Exco and Group Finance to source and implement alternatives. Oversee the programme management of the implementation
• Based on the criteria and frameworks developed by Group Finance, establish and maintain a system to evaluate all strategic initiatives/major projects prior to launch together with the cluster Exco, prioritise projects and project funding
• For major projects, support the project sponsors to develop the business case, in particular the financial components
• Provide tools and support business unit seniors in the process of scenario planning including economic forecasting and modelling. Oversee and prioritise the activities and focus areas of the MI team

Compliance:

• Ensure compliance with governance and budgetary reporting requirements by always keeping abreast with new governance and policy developments and ensuring ridged implementation in the business unit's finance area
• Develop and implement finance, accounting, billing, and auditing procedures by ensuring that records systems are maintained in accordance with generally accepted auditing standards
• Establish and maintain appropriate internal control safeguards in line with Absa Group requirements
• Comply and adhere to tax regulations and regulatory compliance to properly reflect the financial position of the business unit
• Ensure the production of timely, reliable and complete financial information to meet the various needs of the senior management, regulatory authorities, and government agencies
• Act as subject matter expert by frequently communicating financial policies, procedures, standards and guidelines in the cluster and BU finance teams and the broader business unit
• Participate in the development of the business units BCM (Business Continuity Management) plan by reviewing recovery arrangements from a cost perspective and ensuring the critical financial processes are adequately covered and tested
• Interact with Absa Internal Audit, Management Assurance and External Auditors during the setting of audit or review scope, furnishing information required and reviewing findings. Advise the business unit's Exco on appropriate corrective actions
• Coordinate the resolution of all internal and external audit findings related to yearend financial audits

Financial Risk Management:

• Counsel senior management on risk and control matters as well as potential impact on profitability by preparing presentations on risk management
• Work with the operational risk team to develop Key Risk Scenarios and Detailed Risk and Control Assessments (DRACA's) with a particular emphasis on the capital reserves required to cover potential failures
• Ensure that control issues are escalated to process owners to keep capital requirements to a minimum
• Evaluate the risks identified in strategic initiatives or projects and make recommendations to the project sponsors on whether the risks are worth the return
• 10 years financial services experience

Education

Postgraduate Degrees and Professional Qualifications: 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

Is this job a match or a miss?

Posted today

Job Description

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

Provide complex advice and support in the positioning of finance operating models and frameworks in a broadly defined group functional strategy; enabling operating model, strategy and value chain formulation and alignment.

Job Description

Financial Planning - Strategy participation:

Outputs to deliver this accountability:

• Contribute to the development of the strategy for the cluster by providing a view on the profitability of business units through analysis and performance forecasts
• Ensure the provision of advice on the financial, tax planning and financial risk management aspects
• Review and approve the consolidated financial plans for the Business Unit (RAF, MTP and STP) before presenting to the Business Unit Exco and Head for final approval
• Advise the Business Unit Exco on the business performance of all business units in the Cluster against the strategic objectives and financials
• Facilitate the discussions on the way forward
• Participate in the reviews of new business opportunities (joint ventures, acquisition potential, new products or services) by conducting analysis on the financial soundness of the opportunity
• This could include due diligence on existing practices in the other organisation or checking forecasts of potential earnings. Approve or decline
• Continuously consider the interplay between the SBU and the larger Group, the competitive environment and the financial market to identify new opportunities for cost reduction or revenue enhancement and advise the Exco of the area on which opportunities to pursue
• Support the business unit seniors to understand their financial and management accounts, with a particular focus on how expenditure is allocated, the impact of transfer pricing on their profit and loss accounts and how to conduct financial planning and forecasting
• Coordinate the transfer pricing process and negotiation and sign off the transfer pricing charges with the Business Unit's different internal service providers. Formulate creative solutions to enhance cost effectiveness and operating efficiency of the Business Unit
• Influence business unit seniors to buy in to the proposed enhancements, ensure that actions are documented and assigned to clear owners and monitor the financial effects of implementation

Performance measurement and reporting:

• Direct and oversee the preparation of financial reports, special data analysis, and adhoc information reports by managing a team of financial and management accountants and analysts and communicating the standards for activities and outputs
• Sign off the financial quarter-end, half year-end and year-end Financial and Tax packs including results published to the Financial Markets and External Analysts
• Together with the Business Unit Head, participate in bi-annual discussion forums with Financial Analysts on the published results and performance of the Business Unit
• Analyse financial results on a monthly basis and summarise it so as to enable business unit management to take timely appropriate actions and to ensure a rational utilisation of assets
• Manage the optimisation of Economic Capital for the Business Unit through analysis of economic capital and profit, reporting on it and providing advice and proposals to the Business Unit Exco on optimisation initiatives
• Present and report accurate and timely historical financial information of the cluster to Group Finance on or before Group Finance deadlines. Financial reports have to meet generally accepted accounting practice and Absa Group financial reporting standards and data definitions
• Coordinate all financial reporting requirements for Absa Group Limited report requirements and participate in performance review discussions with Absa Group Limited seniors, product owners and Absa Group Limited GRCB Finance
• Oversee the review of financial and management accounting reporting practices in place in the Business Unit to ensure that they meet the required standards. Implement corrective or improvement actions when required
• Arrange for the preparation of budgets and variance reports by department and ensure timely distribution to cost centre owners
• Budgets include financial plans, headcount, IT plans, project/programme expenditure
• Highlight variances from the business plan - under spend and overspend and work with business unit seniors to develop corrective actions

Financial systems, analysis tools and models:

• Based on the standards determined by Group Finance, arrange for the evaluation and update of the financial systems in place in the business units or cluster (systems include budget tools, tax planning tools, financial reporting systems, asset registers etc.).
• Make recommendations to Group Finance on systems enhancements required
• Participate in the development of data definitions for financial reporting to ensure that Group Standards are understood and maintained within the business unit, and that business unit requirements are incorporated into Group Standards (example of definitions for Headcount may include certain types of 3 contractors and others not).
• Where standard systems and tools do not meet reporting/analysis/forecasting requirements of the business, investigate alternative solutions and make comprehensive recommendations to the Business Unit Exco and Group Finance to source and implement alternatives. Oversee the programme management of the implementation
• Based on the criteria and frameworks developed by Group Finance, establish and maintain a system to evaluate all strategic initiatives/major projects prior to launch together with the cluster Exco, prioritise projects and project funding
• For major projects, support the project sponsors to develop the business case, in particular the financial components
• Provide tools and support business unit seniors in the process of scenario planning including economic forecasting and modelling. Oversee and prioritise the activities and focus areas of the MI team

Compliance:

• Ensure compliance with governance and budgetary reporting requirements by always keeping abreast with new governance and policy developments and ensuring ridged implementation in the business unit's finance area
• Develop and implement finance, accounting, billing, and auditing procedures by ensuring that records systems are maintained in accordance with generally accepted auditing standards
• Establish and maintain appropriate internal control safeguards in line with Absa Group requirements
• Comply and adhere to tax regulations and regulatory compliance to properly reflect the financial position of the business unit
• Ensure the production of timely, reliable and complete financial information to meet the various needs of the senior management, regulatory authorities, and government agencies
• Act as subject matter expert by frequently communicating financial policies, procedures, standards and guidelines in the cluster and BU finance teams and the broader business unit
• Participate in the development of the business units BCM (Business Continuity Management) plan by reviewing recovery arrangements from a cost perspective and ensuring the critical financial processes are adequately covered and tested
• Interact with Absa Internal Audit, Management Assurance and External Auditors during the setting of audit or review scope, furnishing information required and reviewing findings. Advise the business unit's Exco on appropriate corrective actions
• Coordinate the resolution of all internal and external audit findings related to yearend financial audits

Financial Risk Management:

• Counsel senior management on risk and control matters as well as potential impact on profitability by preparing presentations on risk management
• Work with the operational risk team to develop Key Risk Scenarios and Detailed Risk and Control Assessments (DRACA's) with a particular emphasis on the capital reserves required to cover potential failures
• Ensure that control issues are escalated to process owners to keep capital requirements to a minimum
• Evaluate the risks identified in strategic initiatives or projects and make recommendations to the project sponsors on whether the risks are worth the return
• 10 years financial services experience

Education

Postgraduate Degrees and Professional Qualifications: 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

Is this job a match or a miss?

Posted today

Job Description

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

Provide complex advice and support in the positioning of finance operating models and frameworks in a broadly defined group functional strategy; enabling operating model, strategy and value chain formulation and alignment.

Job Description

Financial Planning - Strategy participation:

Outputs to deliver this accountability:

• Contribute to the development of the strategy for the cluster by providing a view on the profitability of business units through analysis and performance forecasts
• Ensure the provision of advice on the financial, tax planning and financial risk management aspects
• Review and approve the consolidated financial plans for the Business Unit (RAF, MTP and STP) before presenting to the Business Unit Exco and Head for final approval
• Advise the Business Unit Exco on the business performance of all business units in the Cluster against the strategic objectives and financials
• Facilitate the discussions on the way forward
• Participate in the reviews of new business opportunities (joint ventures, acquisition potential, new products or services) by conducting analysis on the financial soundness of the opportunity
• This could include due diligence on existing practices in the other organisation or checking forecasts of potential earnings. Approve or decline
• Continuously consider the interplay between the SBU and the larger Group, the competitive environment and the financial market to identify new opportunities for cost reduction or revenue enhancement and advise the Exco of the area on which opportunities to pursue
• Support the business unit seniors to understand their financial and management accounts, with a particular focus on how expenditure is allocated, the impact of transfer pricing on their profit and loss accounts and how to conduct financial planning and forecasting
• Coordinate the transfer pricing process and negotiation and sign off the transfer pricing charges with the Business Unit's different internal service providers. Formulate creative solutions to enhance cost effectiveness and operating efficiency of the Business Unit
• Influence business unit seniors to buy in to the proposed enhancements, ensure that actions are documented and assigned to clear owners and monitor the financial effects of implementation

Performance measurement and reporting:

• Direct and oversee the preparation of financial reports, special data analysis, and adhoc information reports by managing a team of financial and management accountants and analysts and communicating the standards for activities and outputs
• Sign off the financial quarter-end, half year-end and year-end Financial and Tax packs including results published to the Financial Markets and External Analysts
• Together with the Business Unit Head, participate in bi-annual discussion forums with Financial Analysts on the published results and performance of the Business Unit
• Analyse financial results on a monthly basis and summarise it so as to enable business unit management to take timely appropriate actions and to ensure a rational utilisation of assets
• Manage the optimisation of Economic Capital for the Business Unit through analysis of economic capital and profit, reporting on it and providing advice and proposals to the Business Unit Exco on optimisation initiatives
• Present and report accurate and timely historical financial information of the cluster to Group Finance on or before Group Finance deadlines. Financial reports have to meet generally accepted accounting practice and Absa Group financial reporting standards and data definitions
• Coordinate all financial reporting requirements for Absa Group Limited report requirements and participate in performance review discussions with Absa Group Limited seniors, product owners and Absa Group Limited GRCB Finance
• Oversee the review of financial and management accounting reporting practices in place in the Business Unit to ensure that they meet the required standards. Implement corrective or improvement actions when required
• Arrange for the preparation of budgets and variance reports by department and ensure timely distribution to cost centre owners
• Budgets include financial plans, headcount, IT plans, project/programme expenditure
• Highlight variances from the business plan - under spend and overspend and work with business unit seniors to develop corrective actions

Financial systems, analysis tools and models:

• Based on the standards determined by Group Finance, arrange for the evaluation and update of the financial systems in place in the business units or cluster (systems include budget tools, tax planning tools, financial reporting systems, asset registers etc.).
• Make recommendations to Group Finance on systems enhancements required
• Participate in the development of data definitions for financial reporting to ensure that Group Standards are understood and maintained within the business unit, and that business unit requirements are incorporated into Group Standards (example of definitions for Headcount may include certain types of 3 contractors and others not).
• Where standard systems and tools do not meet reporting/analysis/forecasting requirements of the business, investigate alternative solutions and make comprehensive recommendations to the Business Unit Exco and Group Finance to source and implement alternatives. Oversee the programme management of the implementation
• Based on the criteria and frameworks developed by Group Finance, establish and maintain a system to evaluate all strategic initiatives/major projects prior to launch together with the cluster Exco, prioritise projects and project funding
• For major projects, support the project sponsors to develop the business case, in particular the financial components
• Provide tools and support business unit seniors in the process of scenario planning including economic forecasting and modelling. Oversee and prioritise the activities and focus areas of the MI team

Compliance:

• Ensure compliance with governance and budgetary reporting requirements by always keeping abreast with new governance and policy developments and ensuring ridged implementation in the business unit's finance area
• Develop and implement finance, accounting, billing, and auditing procedures by ensuring that records systems are maintained in accordance with generally accepted auditing standards
• Establish and maintain appropriate internal control safeguards in line with Absa Group requirements
• Comply and adhere to tax regulations and regulatory compliance to properly reflect the financial position of the business unit
• Ensure the production of timely, reliable and complete financial information to meet the various needs of the senior management, regulatory authorities, and government agencies
• Act as subject matter expert by frequently communicating financial policies, procedures, standards and guidelines in the cluster and BU finance teams and the broader business unit
• Participate in the development of the business units BCM (Business Continuity Management) plan by reviewing recovery arrangements from a cost perspective and ensuring the critical financial processes are adequately covered and tested
• Interact with Absa Internal Audit, Management Assurance and External Auditors during the setting of audit or review scope, furnishing information required and reviewing findings. Advise the business unit's Exco on appropriate corrective actions
• Coordinate the resolution of all internal and external audit findings related to yearend financial audits

Financial Risk Management:

• Counsel senior management on risk and control matters as well as potential impact on profitability by preparing presentations on risk management
• Work with the operational risk team to develop Key Risk Scenarios and Detailed Risk and Control Assessments (DRACA's) with a particular emphasis on the capital reserves required to cover potential failures
• Ensure that control issues are escalated to process owners to keep capital requirements to a minimum
• Evaluate the risks identified in strategic initiatives or projects and make recommendations to the project sponsors on whether the risks are worth the return
• 10 years financial services experience

Education

Postgraduate Degrees and Professional Qualifications: 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

Is this job a match or a miss?

Posted today

Job Description

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

Provide complex advice and support in the positioning of finance operating models and frameworks in a broadly defined group functional strategy; enabling operating model, strategy and value chain formulation and alignment.

Job Description

Financial Planning - Strategy participation:

Outputs to deliver this accountability:

• Contribute to the development of the strategy for the cluster by providing a view on the profitability of business units through analysis and performance forecasts
• Ensure the provision of advice on the financial, tax planning and financial risk management aspects
• Review and approve the consolidated financial plans for the Business Unit (RAF, MTP and STP) before presenting to the Business Unit Exco and Head for final approval
• Advise the Business Unit Exco on the business performance of all business units in the Cluster against the strategic objectives and financials
• Facilitate the discussions on the way forward
• Participate in the reviews of new business opportunities (joint ventures, acquisition potential, new products or services) by conducting analysis on the financial soundness of the opportunity
• This could include due diligence on existing practices in the other organisation or checking forecasts of potential earnings. Approve or decline
• Continuously consider the interplay between the SBU and the larger Group, the competitive environment and the financial market to identify new opportunities for cost reduction or revenue enhancement and advise the Exco of the area on which opportunities to pursue
• Support the business unit seniors to understand their financial and management accounts, with a particular focus on how expenditure is allocated, the impact of transfer pricing on their profit and loss accounts and how to conduct financial planning and forecasting
• Coordinate the transfer pricing process and negotiation and sign off the transfer pricing charges with the Business Unit's different internal service providers. Formulate creative solutions to enhance cost effectiveness and operating efficiency of the Business Unit
• Influence business unit seniors to buy in to the proposed enhancements, ensure that actions are documented and assigned to clear owners and monitor the financial effects of implementation

Performance measurement and reporting:

• Direct and oversee the preparation of financial reports, special data analysis, and adhoc information reports by managing a team of financial and management accountants and analysts and communicating the standards for activities and outputs
• Sign off the financial quarter-end, half year-end and year-end Financial and Tax packs including results published to the Financial Markets and External Analysts
• Together with the Business Unit Head, participate in bi-annual discussion forums with Financial Analysts on the published results and performance of the Business Unit
• Analyse financial results on a monthly basis and summarise it so as to enable business unit management to take timely appropriate actions and to ensure a rational utilisation of assets
• Manage the optimisation of Economic Capital for the Business Unit through analysis of economic capital and profit, reporting on it and providing advice and proposals to the Business Unit Exco on optimisation initiatives
• Present and report accurate and timely historical financial information of the cluster to Group Finance on or before Group Finance deadlines. Financial reports have to meet generally accepted accounting practice and Absa Group financial reporting standards and data definitions
• Coordinate all financial reporting requirements for Absa Group Limited report requirements and participate in performance review discussions with Absa Group Limited seniors, product owners and Absa Group Limited GRCB Finance
• Oversee the review of financial and management accounting reporting practices in place in the Business Unit to ensure that they meet the required standards. Implement corrective or improvement actions when required
• Arrange for the preparation of budgets and variance reports by department and ensure timely distribution to cost centre owners
• Budgets include financial plans, headcount, IT plans, project/programme expenditure
• Highlight variances from the business plan - under spend and overspend and work with business unit seniors to develop corrective actions

Financial systems, analysis tools and models:

• Based on the standards determined by Group Finance, arrange for the evaluation and update of the financial systems in place in the business units or cluster (systems include budget tools, tax planning tools, financial reporting systems, asset registers etc.).
• Make recommendations to Group Finance on systems enhancements required
• Participate in the development of data definitions for financial reporting to ensure that Group Standards are understood and maintained within the business unit, and that business unit requirements are incorporated into Group Standards (example of definitions for Headcount may include certain types of 3 contractors and others not).
• Where standard systems and tools do not meet reporting/analysis/forecasting requirements of the business, investigate alternative solutions and make comprehensive recommendations to the Business Unit Exco and Group Finance to source and implement alternatives. Oversee the programme management of the implementation
• Based on the criteria and frameworks developed by Group Finance, establish and maintain a system to evaluate all strategic initiatives/major projects prior to launch together with the cluster Exco, prioritise projects and project funding
• For major projects, support the project sponsors to develop the business case, in particular the financial components
• Provide tools and support business unit seniors in the process of scenario planning including economic forecasting and modelling. Oversee and prioritise the activities and focus areas of the MI team

Compliance:

• Ensure compliance with governance and budgetary reporting requirements by always keeping abreast with new governance and policy developments and ensuring ridged implementation in the business unit's finance area
• Develop and implement finance, accounting, billing, and auditing procedures by ensuring that records systems are maintained in accordance with generally accepted auditing standards
• Establish and maintain appropriate internal control safeguards in line with Absa Group requirements
• Comply and adhere to tax regulations and regulatory compliance to properly reflect the financial position of the business unit
• Ensure the production of timely, reliable and complete financial information to meet the various needs of the senior management, regulatory authorities, and government agencies
• Act as subject matter expert by frequently communicating financial policies, procedures, standards and guidelines in the cluster and BU finance teams and the broader business unit
• Participate in the development of the business units BCM (Business Continuity Management) plan by reviewing recovery arrangements from a cost perspective and ensuring the critical financial processes are adequately covered and tested
• Interact with Absa Internal Audit, Management Assurance and External Auditors during the setting of audit or review scope, furnishing information required and reviewing findings. Advise the business unit's Exco on appropriate corrective actions
• Coordinate the resolution of all internal and external audit findings related to yearend financial audits

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