Snr Finance Business Partner - Sandton, South Africa - Absa Bank Limited

Absa Bank Limited

Verified Company

Sandton, South Africa

1 week ago

Posted by:

Thabo Mthembu

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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

To provide advice and support in financial practice formulation and associated best practice improvement tactics; enabling the provision of specialist expertise.

Job Description:

Financial Leadership and Support to business:

Develop internal capability through the recruitment and development of a capable team who will ensure the necessary resources are in place to achieve business strategy and objectives
Together with the HRBP for the business unit implement the people management strategy for the area with a focus on talent management, development, resourcing and retention
Embed formal Performance Development and informal coaching in the Team Motivate team and implement measures in place to recognise their direct reports
Motivate team members through coaching and mentoring them to perform optimally around the vision and values, create a sense of urgency and excitement around the business and ensure that they strive to deliver optimally:

Risk Management

Act as sponsor for the area's Risk Management
Control Framework and manage and ensure compliance of the relevant policies Implement areas identified in the review of audit issue/findings logs and ensure adequate attention is given to closure within the agreed timelines by the accountable incumbent within the team
Complete required compliance and SOX attestations and ensure that impacted team members complete their attestations
Review and approve Control Risk Assessments (RCA's) prepared in the function Complete attestations to testify to the adequacy of controls on request within specific area Implement Key Risk Scenarios
Actively work with other managers to ensure the risk in the BU is minimised the amount of economic capital that has to be set aside for operational risk:

Financial management and Business Partnering

Working with business unit heads define the cost centre structures and rollup/consolidation to effectively manage the businesses performance 3 Work with business unit heads to determine their performance reporting (financial and nonfinancial) needs and agree deliverables on an annual basis
Define and instruct team on the formatting of management reports and contract with system developers and data providers to develop the reports Ensure "one version of the truth" for all reporting and that management reporting reconciles/agrees to reports produced within other areas of the business
Review the variance analyses for the different business units as prepared by the team and discuss major variances, on the cost and income sides, with business unit heads to gain and understanding of the reasons Review quality of and provide input into the Cluster Exco pack (as compiled by the Cluster CFO) with a focus on the variances, reasons for variances and overall business performance of the cluster
Review transfer pricing arrangements in place for group functions charging to the cluster and recharges from the cluster to other business areas
On a monthly basis review reports to ensure that the charges processed are accurate and address concerns directly with the finance teams from other areas
Lead investigations into cost saving initiatives and make comprehensive recommendations to the business unit ME On request from project/change teams, provide input and support during the development of business case financials for new projects or initiatives

Financial forecasting

Working with the business unit team and participate in the forecasting and scenario planning processes by providing a view on the financial impact on the cluster of changing internal financial strategies
Advise business unit decision makers on the process and requirements during the MTP (Medium Term Planning), STP (Shortterm/budget planning) and RAF (Revised Annual Forecast) cycles Ensure that their commitment and thorough input is obtained for these activities and support them with translating strategy into financial objectives on request
Manage and review the consolidated financial plans generated by MTP, STP and RAF prepared by the team and quality check the consolidations prior to recommending approval to the Cluster CFO

Education

Postgraduate Degrees and Professional Qualifications:
Financial Sciences (required)