Absa Group Limited Recruitment 2020

“Absa Group Limited Recruitment 2020”

Applications are invited from interested and suitably qualified candidates for Absa Group Limited Recruitment 2020.

Absa Group Limited, formerly Barclays Africa Group Limited, and originally Amalgamated Banks of South Africa, is an African based financial services group, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance.

Job Title: Assistant Financial Reporting Manager


Financial Reporting: Prepare and coordinate the preparation of financial statements, management reports, financial reports, statutory reports, Financial Services Council Report, monthly scorecards, sales reports, special data analysis, and ad-hoc information reports to enable decision making Analyse cash flow, cost controls, and expenses to guide managers as well as analyse financial statements to pinpoint potential weak areas If needed sign off on Taxation and VAT implications by guiding the correct completion by the dedicated staff to comply with statutory guidelines and group reporting timelines Submit financial reports to the Chief Financial Officer (CFO), Business unit head, Cluster Finance and the Group Finance Team on or before the agreed deadline Coordinate the preparation of budgets and variance reports by business units and 2 departments and ensure that all cost centre managers are engaged within agreed timeframes Highlight variance from the business plan such as over-spend and provide explanatory notes for those variances Analyse financial results on a monthly basis and summarise them so as to enable the Business unit Management Team to take timely and appropriate actions Prepare or oversee the preparation of monthly Group and Management reports including Balance sheet, Income statement and interdivisional schedule by extracting Balance sheet and Income statement from Analyst (financial reporting system) to enable reporting in the prescribed format. Sign off and discuss the monthly short term plan (STP), medium term plan (MTP) and rolling forecast (RAF) and budgets with the relevant stakeholders to enable consolidation into the Cluster forecast and budget. | Financial Modelling: Create excel based financial models or utilise tools available for all financial reporting requirements and build a data base of accurate financial and non-financial information which can be used to extract historical financial information Extract financial and all applicable information from various sources, for example, the General Ledger (GL) Support the Management Team to understand their financial and management accounts, expenditure allocation, transfer pricing on their profit and loss accounts and how to conduct financial planning and forecasting Suggest solutions to enhance cost-effectiveness and operating efficiency of the business unit. Ensure that all action plans that have been agreed to are documented and assigned to the relevant owners and that the financial impact as regards the implementation is monitored. | Financial Control and Compliance: Maintain appropriate internal control safeguards in line with the ABSA Group requirements by regularly reviewing all variance reports and other reports where applicable. Interact with the ABSA Internal Audit team and provide necessary information as and when required. Ensure that the cost centre managers comply and adhere to the all regulations and policies when reflecting the financial position of their departments Ensure that the business unit complies with governance and budgetary reporting requirements by always keeping abreast with new governance and policy developments. Review and sign off on the quarterly General Ledger Control Frame work prepared by the preparers in the prescribed format to enable the Business unit manager to attest to the correctness and completeness of the Control framework. Sign off on the quarterly supplementary schedules and FD attestation to Group Finance prepared by the relevant staff in the prescribed format Provide input to Group Finance and the Cluster Chief Financial Officer during the development or update of financial policies, procedures, standards and governance with a focus on improving these frameworks to make it easier for departments to comply with requirements and improved efficiency. Educate department heads on financial governance requirements in one-on-one coaching sessions and through meeting with business unit Exco teams. Work with the Data Stewards in the business unit to log all data quality issues identified by members of the management accounting team or line managers. Participate in investigations to resolve data inconsistency issues and the refinement of data definitions for financial information specific to the business unit. Ensure that all significant variances (budget vs. actual) are identified and reported to Business unit Exco and that all numbers prepared are 100% accurate. Ensure that processes, control requirements and risk management frameworks that impact the management accounting area are documented and understood by all members of the team. Own and agree corrective action items with Internal Audit and Management 3 Assurance for findings related to the management accounting area in the cluster. Arrange issue assurance for closed audit findings. Ensure that the team understands all compliance requirements and call for the area’s Compliance Officer to conduct briefing sessions if gaps are identified. Ensure that all regulatory requirements are adhered to. Ensure that all team members understand the control requirements related to physical and systems access control and information security. Collect access cards from employees leaving the department or the bank and send instructions to IT and HR to remove their systems access | Stakeholder Engagement: Provide advice and support to cost centre managers on financial risks and control matters that may have an impact profitability Interact with Business unit heads to have a clear understanding of the business A good understanding of key value drivers to advice business on appropriate intervention strategies to meet targets Communicate financial policies, procedures, standards and guidelines to the business unit management team. Support projects by developing the financial component of the business cases that are created by the management Team to actively track and change benefits and costs of the project. Provide strong support to the operational team by having regular meetings with them to share financial performance

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Analytical Thinking – Basic (Meets all of the requirements), Bachelor’s Degree – Accounting, Certified Public Accountant, CPA (T) – National Board of Accountants and Auditors (NBAA), Digital familiarity (Meets some of the requirements and would need further development), Enabling team success (Meets some of the requirements and would need further development), Ethics and values (Meets all of the requirements), Financial Administration (Meets all of the requirements), Financial Experience, Openness to change (Meets some of the requirements and would need further development), Quality orientation (Meets all of the requirements)

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How to Apply

Interested applicants should click HERE to apply.

Application Deadline: 6th June 2020.


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