Specialist: Management Accounting - Johannesburg, South Africa - Absa Bank Limited

Absa Bank Limited

Verified Company

Johannesburg, 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

Role will be focused on reporting and planning of all financial and management information within finance. 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.
Own and coordinate the core finance processes for PSC FDS Finance and contribute to the effectiveness of these processes for PSC and Group Finance (annual planning, forecasting, spend trajectory and reporting).
Develop and implement control procedures as deficiencies or exceptions are identified which support the production of errorfree reports. Assess and drive improvement of business accounting practices and policies.
Validate all financial and 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/advise on pioneering new propositions.
Take a commercial view on business and provide contextual insights into performance reports.
Present financial results to business highlighting performance against plans, prior performance and providing meaningful insights on possible risks and opportunities for the near future
Align to processes around monthend, yearend and planning cycles across the PSC finance community and BU based on the requirements from Group. Prepare for all cycles in advance and ensure adequate engagement with the relevant finance and BU teams.
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 CFO 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 PSC in performance reporting.
Contribute to BCM & cybersecurity processes relevant to the BU and finance execution.
Responsible for continuous operational excellence and realtime responsiveness of finance to enable business to achieve growth and profitability objectives.
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.

Financial Planning

Assist finance manager in developing processes and controls to ensure that the planning process is effective, supports business strategies and completed within the required timelines with the appropriate level of details.
Build the financial model to support the business plan and ensure the model is in compliance with model governance through annual model review
Understand and review assumptions provided by business to support the forecast
Understand and integrate Treasury, Risk, and Finance data from a BU perspective, where appropriate.
Prepare and process all journals relating to the forecast on the relevant system within the required timelines.
Review all journal entries posted relating to the forecast to ensure accuracy and completeness
Provide accurate, complete and timeous reporting of the f