Specialist: Management Accounting - 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

Bring your possibility to life Define your career with us

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

This role will be focused on reporting of management information within central CIB Financial Decision Support (FDS). This central team provides continuous decision support for Exco and senior management within CIB.

Analysing and reporting of financial information in an accurate, complete and timely manner and providing business with meaningful insights and value-add perspective to enable decision making.

Continuously seeking ways to improve operations by scaling automated financial processes, performing deep dives on several topics and trend analyses.

Crafting financial solutions aligned to all appropriate controls, business financial health and growth objectives

Job Description:

Financial Reporting

Build trust in the finance function through the creation of a single source of financial information which is corroborated by related management information sources and alignment to the agreed accounting principles, methodologies, and underlying data are correctly applied.
Ensure appropriate, quality and timeous delivery of accurate financial and nonfinancial management information to support business objectives and expectations, including appropriate financial and nonfinancial metrics, valid and insightful comments and packaging the information in a relevant and appropriate manner.
Own the process of delivery of highquality information for regular and adhoc enhanced reporting to agreed requirements, timelines, and standards.
Validate all management reporting information for flash results, month end financial results and utilisation and reporting of various key metrics
Integrate advanced modelling and analysis capability to provide actionable intelligence, beyond data within the function.
Generate finance narratives and insights driving business; and build pioneering new propositions.
Take a commercial view on business and provide contextual insights into performance reports.
Prepare financial results for senior stakeholders highlighting performance against plans, prior performance and providing meaningful insights on possible risks and opportunities for the near future
Align to processes around monthend and yearend across the CIB finance community based on the requirements from Group.
Interact with the stakeholders to agree minimum quality standards, as well as an agreed method of communicating and resolving any identified quality deficiencies in the reporting process.
Act in line with the correct governance and control frameworks across the Finance team, as well as for proactively addressing any deficiencies and exceptions.
Ensure that the Senior Specialist is appraised of key financial issues that need to be raised with executive leadership to enable integrity and timely management the BU.
Know BU financial ambitions and balance sheet aspirations of CIB in performance reporting.
Focus on informationdriven performance improvement and formulate data into easy access standardised views.
Maintain stewardship and excellence which drives performance and sustainable growth through preservation of financial integrity.

People Investment

Network with finance colleagues across CIB and create awareness of challenges, opportunities and issues and encourage collaboration
Focus on Finance skills evolution and remaining relevant.
Ensure personal understanding of income statement, balance sheet, margin returns, variance analysis, capital and liquidity requirements, revenues, assets, liabilities and capital, expenses, headcount analytics and other key ratios through relevant business engagement.

Education

Bachelor's Degrees and Advanced Diplomas:
Financial Sciences (required)