Finance Officer At 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.

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.

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

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