Specialist: Cost Management and Change

Absa Group; Sandton; On-site; ZAR 400,000 - 700,000; Full time

Job summary

Absa Group is seeking a Financial Analyst to join their Financial Decision Support function. This role involves reporting, financial planning, and providing decision-making insights to management. The ideal candidate will possess strong financial reporting skills, a CA (SA) or CIMA qualification, along with relevant banking experience.

Qualifications

• 1-5 years post-qualification banking experience.
• Strong financial reporting skills.
• Ability to present financials and partner with stakeholders.

Responsibilities

• Provide input for monthly flash reporting and monitor outcomes.
• Prepare, discuss and sign-off on financial plans with stakeholders.
• Advise on financial risks affecting profitability.

Skills

Financial reporting

Problem solving

Client service drive

Strong product knowledge

Strong communication skills

Analytical and detail-focused

Education

CA (SA) / CIMA or suitable qualification minimum NQF7

Bachelor's Degrees and Advanced Diplomas: Financial Sciences

Tools

SAP BW

Compass

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

The Financial Decision Support function covers the reporting of all financial and management information within Absa. It involves the analysis and interpretation of this reporting and providing business with meaningful insights to enable decision making. The team provides continuous decision support for Exco and senior management within Relationship Banking as well as the wider ABSA group

Job Description

Key Accountabilities

Monthly reporting and month end packs

• Provide input for monthly flash reporting by developing the best estimate of the month end result and load the numbers into the system.
• Monitor flash numbers against plan and the final numbers.
• Prepare cost reports on a regular as well as ad-hoc basis to enable management to make decisions.
• Provide advice and support to management on financial risks that might have an impact on profitability by discussing at regular intervals all financial matters

Financial Planning and Budgeting

• Prepare, discuss and sign-off short-term plan (STP), medium-term plan (MTP) and rolling forecast (RAF) with relevant stakeholders to enable consolidation into cluster forecast and budget.
• There is a strong focus of business partnering linked to this role which include presentation of financials to various forums.

Role / Person Specification

Education and Experience Required

• CA (SA) / CIMA or situable qualification minimum NQF7.
• 1 – 5 years post qualification banking experience

Knowledge & Skills:

• Strong financial reporting skills
• Problem solving and efficiency improving
• Client service drive
• Strong product knowledge
• Strong communication skills
• Analytical and detailed focussed

Systems:

• SAP BW
• Compass

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