Finance Officer At Absa Bank

Absa Bank

The company, Absa Bank is looking to hire dedicated individuals for the positions of Finance Officer.

Job Summary:

  • Lead the preparation of management accounts, performance reports and business review packs.
  • Support the process of daily, weekly, and quarterly reconciliation
  • Provide financial and analytical support.
  • Identify and implement opportunities for automation, process improvement and efficiencies. E.g., subsidized interest rate to offset part of Grant amount
  • Proactively improve the quality of management/financial information and analysis.

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Job Description:

Performance Reporting – Time Split – 35%

  • Support the preparation and submission of monthly management/financial accounts.
  • Provide sound commentary for all reports decks for senior management.
  • Timely and accurate reconciliation of monthly payments incurred by the Project
  • Support the preparation and submission of monthly report and commentary on the Absa Young Africa Works Project.
  • Manage the reporting calendar by developing and maintaining a report dashboard that tracks report submissions to the Absa Young Africa Works project and country.
  • Manage the resolution of all queries with regards to actual performance compared to budget for cost, assets etc.
  • Ensure the standardization of structure and format of all reports
  • Coordinate with Business and own all aspects of the key process for both Actual reporting and budget.

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Planning & Analysis- Time Split – 35%

  • Support the preparation of Short- and Medium-Term Plans.
  • Ensure accurate and timely submission, business plans and Strategies in line with the Absa Young Africa Works project timetable.
  • Maintain teamwork / collaborative relationship with key stakeholders (e.g., Risk, Treasury, Business Partners, Financial Control, donor agencies) to facilitate planning processes and timely resolution of issues.
  • Review cost and income lines, liaise with Financial Control to align results and share insights for advanced decision-making.
  • Continuously analyze financial results and forecast assumptions and share insights/ trends with the Absa Young Africa Works project and business.
  • Provide ad-hoc performance and trend analysis reports when required.
  • Coordinate and consolidate inputs for routine and ad-hoc requests (e.g., quarter& half-year commentary, forecast and actual performance reviews, etc.) from Absa Young Africa Works project and business
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Process Improvement & Reconciliation -Time Split -15%

  • Identify and recommend process/system improvements to make the planning and reporting cycle more effective
  • Continuously align Absa Young Africa Works project and business numbers ensuring all mapping issues are resolved.
  • Institute a system/process to manage subsidized interest against Grant amount.
  • Provide continuous training on all key changes in the financial/management reporting policies with Absa Young Africa Works project

Team Management / Personal Development- 15%

  • Provide specific tasks support.
  • Develop new analytical capabilities and pursue a personal development path to increase job effectiveness.
  • Keep abreast with current developments in the banking industry including micro and macro-economic factors and trends.
  • Keep abreast with MasterCard Foundation strategies and policies
  • Take ownership of your personal development as well as the development of team members

Education:

Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)

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