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Sandton

    Financial Manager: Reporting - Sandton, Johannesburg, South Africa - Bidvest Bank

    Bidvest Bank
    Bidvest Bank Sandton, Johannesburg, South Africa

    3 days ago

    Bidvest Bank background
    Full time
    Description

    Primary Purpose

    The main purpose is to assist the Head of Planning, Reporting and Analytics by playing a leading role in the Reporting function of the Bank.

    The Financial Manager is responsible for the day-to-day financial operations of Reporting function and to ensure coherence between the Reporting and Planning functions and ensure accuracy, completeness, and reasonability of all financial planning and reporting outputs.

    The candidate's expertise will be crucial in ensuring that our bank achieves its financial objectives, complies with regulatory requirements, and maintains a strong financial position. Overall, the candidate plays a key role in driving our bank's success and growth by leveraging your financial acumen to inform strategic decision-making and drive operational excellence.

    Play a leading role in implement a process of automation in Planning and Reporting which includes:

  • Month end Flash report
  • Audit Committee report
  • Board report
  • Regulatory reports
    Project lead in Implementing new Planning and Reporting Tools.
    Minimum Requirements

    Qualifications

  • Graduate Degree in Finance or Equivalent qualification, supplemented with professional qualifications (CA (SA) / CIMA or equivalent)
  • Microsoft Office (Advanced Excel Skills)
    Experience
  • 5 to 10 years of experience in banking and financial services.
  • Minimum 5 years banking experience relating to Reporting.
  • Experience with the delivery of high-priority projects and activities, under pressurized conditions.
  • Experience with leading more junior team members with the execution of project tasks.
  • Entrepreneurial and dynamic
    Competencies

    Technical

    Financial Reporting

  • Reporting and Performance Measurement: Ability to design and implement financial performance metrics and reporting systems that provide insight into the bank's financial performance.
  • Accounting: Knowledge of accounting principles and practices, including IFRS, and ability to apply them to financial reporting and analysis.
  • Regulatory Compliance: Understanding of financial regulations and compliance requirements, and ability to ensure that the bank is meeting these requirements.
  • Financial Analysis and Modelling: Ability to analyse complex financial data, identify trends and patterns, and use financial models to forecast future performance.
    Behavioural
    Business Success
  • Understand the operations of the various systems' interfaces and products within the bank.
  • Attention to detail.
  • Analytical skills for problem-solving
  • Organisational skills.
  • Deadline driven.
  • Ability to handle stress in a high-pressure environment.
  • Financial acumen.
  • Internal policies and procedures.
  • Resourceful.
    Building the Future
  • Ability to identify weaknesses in the control environment and recommend change.

    Working with people/ Collaboration
  • Excellent interpersonal and communication skills.
    Duties and Responsibilities

    Reporting

    Preparation, collation and delivery of business performance reports including but not limited to the below:

  • Consolidated and Segment Financial Results
  • Bidvest Bank CFO Report
  • Bidvest Bank Audit Comm CFO Report
  • Bidvest Bank Board CFO Report
  • BFS Flash Commentary report
  • Bidvest Financial Services Board Report
  • Analyse data and identify risks, opportunities, and revenue leakage within business.
  • Implement and maintain reporting for Bank and related business units and assist with BFS divisional reporting.
  • Implement standardized reporting for all financial cycles to include:
    Bank and for each business unit:

  • Balance Sheet
  • Income Statement
  • Product Margin Analysis
  • Product Cash Flow

    Bidvest Financial Services (other than Bank):

  • Balance Sheet
  • Income Statement
  • Assist the Planning Manager with preparation of Budgets, Revised Forecast, Medium Team's Plan, Deep Dive analysis presentations for executive and board review of financial information.
  • Compiling of various ad hoc reporting / analysis for CFO / business unit review
    Reporting Analysis
  • Review Bank's consolidated submitted reporting and identify areas requiring further clarification.
  • Review business unit submitted reporting and challenge / enquire on any identified variances and/or anomalies.
  • Review Bank's balance sheet and align non-product items where required.
  • Translating the business unit strategic initiatives into measurable budget. components for tracking purposes.
  • Support cost management initiatives by identifying drivers of costs, including overhead costs and costs of sales.
  • Analyse and interpret financial information and forecasting as well as the measurement, and to report financial results for the Bank as a whole / business unit to provide early warning to management of any probable issues and proposed solutions.
  • Monitor and review business performance results on a monthly and quarterly basis, supported by the preparation and dispatch of Bank performance reports.
  • Continuously monitor performance and progress of the business, in relation with agreed key performance measures.
    Strategic Finance
  • Develop investment appraisals for strategic growth within the business.
  • Ensure end-to-end service of forward and backward-looking reporting and the accuracy, reasonability of the 2 processes.
    Customer Centricity

    Business Story/ Business Performance

  • Develop and manage reporting within business units.
    Stakeholder Engagement
  • Provide strategic support to all bank business units in delivering on their outputs impacting all Financial Reporting Cycles.
    Staff Management
  • Maintain strong and positive interpersonal relationships with colleagues as well as direct reports.
    Process Management
  • Coordination an execution of the end-to-end processes of Reporting included in the Financial Planning Cycles

    Automation and Implementation
  • Continuously enhance processes as the Reporting function evolves.
    Practical Implementation/ Solving common problems jointly
  • Drive or participate meaningfully in reporting projects (automation and proof of concepts). Key is to be an active participant in cross-functional projects that have a pervasive impact.
    One version of the truth
  • Successful testing of reports/ dashboards/ new reporting requirements and related business rules. Ensure one version of the truth across financial/drivers/ reports across the organisation.
    GL Structure maintenance
  • Provide guidance on opening new general ledger accounts and cost centres.
    Learning and Growth

    Training

  • Keeping abreast of own development and ensure exposure is gained based on development areas.
  • Provide training and development to staff.
    This position is advertised in line with our commitment to Employment Equity.




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