Head of Finance Decision Support at Absa Bank

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

Job Description

Job Purpose:

• To provide the senior management team with an insightful knowledge of the bank’s business drivers through robust and challenging analysis.


• To provide a proactive approach to improving quality of management information and analysis.


• Act as a focal point for communication between Finance and other departments / clusters within Absa and also GRCB Finance, on budget and performance issues.


• Identify cost drivers and recommend cost control / management initiatives


• To lead the business analytics team.

Key Accountabilities:

Planning

• To co-ordinate preparation of Absa’s medium term plan and budgets including providing management with analytical support to enable them prepare and submit quality budgets within agreed time frames.


• To challenge functional budgets thereby ensuring that they are realistic and stretching.


•  To ensure capital budgets are adhered to.


•  Build a relationship with all budget holders at all levels.


•  Ensure functional and Group cross-working in Country and with GRCB and cluster  teams


•  To agree key budget assumptions and to prepare the budget timetable.


•  Prepare CMC and Board packs on MTP / STP.


• Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Absa Policies and Policy Standards. Understand and manage risks and risk events (incidents) relevant to the role.”

Performance management

• Effective presentation of detailed business performance analysis through production of monthly management accounts.


•  Support and constructively challenge monthly results, forecasts and plans for each of the business line.


•  Perform ad hoc analysis within set deadlines and as requested by senior management.


•  Identify value adding initiatives in conjunction with Finance and Planning Director and other business leaders in other functions.


•  Provide accurately segmented information on income, costs and balance sheet to satisfy internal and external functional needs.


•  Prepare and submit / forward Ml requests from CMC members and GRCB within agreed deadlines and to ensure that the information meets the highest standards.


•  To prepare capital plans and to review every month to ensure that there are no violations of WRA ratios and other CBK requirements


•  Be aware of and up to date with all financial and commercial issues affecting Absa


•  Recommend system enhancements to strengthen financial management systems.


•  Managing group reporting that falls under planning and performance management.

Staff Management

• Help team members to identify strengths and weaknesses in their own skills and attributes, review their self-development plans and ensure training and development needs are accommodated.


• Coach team members on planning & performance management.


• Assess employee’s performance against contract. Review and input to Performance Development Reviews.

Technical skills / Competencies

Mandatory

• Must have attended License to lead programmes: D,C & G, Interviewing skills, PD Training, Coaching and mentoring, D&I

Skills required to undertake the role:

• Strong analytical and diagnostic skills


• Strong planning skills


• Excellent communication skills at all levels


• Excellent understanding of competitive activity


• Good understanding of global and domestic economic trends


• Ability to work to tight deadlines without compromising accuracy


• Strong team player with good interpersonal, negotiation and influencing skills. Ability to influence senior management across the business.


• Experience in the financial services environment


• Good PC/systems skills.

Knowledge of the bank’s products, services and policies required to undertake the role:

• Broad knowledge of the Bank’s financial, costing and management accounting processes.


• Good knowledge of the bank’s products and services.


• Good Knowledge of Bank’s balance sheet structure

Knowledge, Expertise and Experience

• Experience of working in a financially focused role.


• Experience of providing financial support and advising and influencing business management.


• Excellent analytical skills to enable financial and operational analysis and interpretation.


• Able to assimilate, interpret and communicate complex financial analysis to non-financial people.

Training likely to assist effectiveness in the role, and which may have been completed prior to undertaking this role:

• Product / Service knowledge


• Influencing and Negotiation Skills


• Presentation Skills


• Leadership and Team Management training.

Education

Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)

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