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
We are building our talent pool! If you are interested in building your career within the MyMI function please come and talk to us. This type of role encompasses the development, interpretation and providing of financial information support to all stakeholders across the CIB businesses and coverage areas, for informed decision making, within a high performing team environment.
Job Description
- Review and present monthly financials and variance commentary at Divisional Manco meetings and where required support the Senior Finance Business Partners with presentation to EXCO Meetings.
- Compile and present financial dashboards to the relevant business owners on a monthly basis including financial actuals against forecasted trends.
- Participate in business initiatives or Group and Cluster financial initiatives on behalf of the business unit where required and ensure deliverables and frameworks are effectively implemented in own area of responsibility. (e.g. financial transfers between business units, group financial projects and business unit level financial drives and programmes).
- Assist stakeholders to develop and deliver key reporting frameworks, utilising MyMI's online platforms. Identify the financial reporting needs of the business stakeholders, create project specifications for the MyMI development teams and project manage the requests to completion.
- Monitor financial trends and identify gaps, motivate requests and new ways of work to the Senior Business Partner.
- Obtain a thorough understanding of the business unit’s strategy and explain it to team members in such a way that they understand the contribution they have to make.
- Provide financial reporting, advice and guidance to line managers and business owners on new initiatives, current budget management practices and trends in expenditure in their areas of accountability.
- Provide effective stakeholder management of business owners, MyMI users and the MyMI development teams.
- Explain targets and take accountability for the monitoring and achievement of own and team performance objectives in the department in terms of return on investments, financial risk, financial planning and governance.
- Conduct basic statistical analysis to track performance variances and determine the root causes of errors. Make recommendations for productivity or process enhancements to process owners
- Populate balanced scorecards for the specific department on a monthly basis. Work with the team to address shortcomings during the next month. Escalate any major issues identified to the next level manager
- Address any process failures specific to the department under management
- Ensure budget accuracy and completion for dashboards
- Prepare financial reconciliations to GL, submitted on a monthly basis.
- Ensure that processes, control requirements and risk management frameworks that have been designed for the area are understood by all members of the team and that these are adhered to on a monthly basis.
Qualification
- CA (SA) or CIMA or MBA qualification preferred.
- 3+ years professional financial management experience
- 2+ years Banking Experience
- Knowledge and skills:
- Experience in executing finance processes.
- Experience in commercial innovation environments
- Broad Finance including strategic, commercial, legal, risk and operational aspects
- Understanding of the financial services sector within a professional business environment
Competencies:
- Deciding and initiating action
- Learning and researching
- Commercial solutions
- Relating and networking
- Adapting and responding to change
- Persuading and influencing
- Creating and innovating
Points to consider:
- Dashboards- project management
- Stakeholder management
- Data accuracy and completeness
- Adhere to process management ie. project spec
- Problem solving initiative/analytics
- Strong data management skills
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
What We Do
Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise growth on the African continent and beyond.
We’re a truly African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.
