Job Description

Key Performance Areas

• Budgeting and Forecasting

Support the review all budget/forecast assumptions, to ensure alignment to the strategic plans of the bank
Building financial models and providing forecasts based on various strategic operating metrics.
Support the compilation of consolidated budget and forecast presentation (including commentary) for Exco and Board approval after reviews by Head of Business Performance and the CFO
Load all BU, regional, provincial/Branch budgets on SAP and ensure completeness and accuracy based on approved budgets

• Stakeholder Management(for responsible BUs)

Develop collaboration through effective stakeholder management:Develop and maintain strong relationships with key stakeholders, act as a trusted advisor (influence) & strategic partner on financial matters working closely with business units to understand their financial needs and objectives.
Build and develop relationships across the Finance community, with various stakeholders with the intention of developing knowledge and a collaborative approach to maximising business performance ability to influence and identify value adding insights
Partner with businesses on various financial change and reform projects to ensure success.
Drive cost management initiatives and identify efficiency opportunities

• Development and management/maintenance of a full cost recovery model and transfer pricing in the Group.

Support the development, implementation and maintenance of cost recovery model for the Bank through:
An in-depth understanding of the business costs and driver analysis
Validation of drivers with Business with the intention of utilising inputs in the development of an activity based costing model
Develop and monitor the Activity Based Costing Model
Support the EXCO Cost Recovery Model approval process
Manage the cost recovery model, practices and processes

• Financial reporting, high quality insights and analytics generation for respective BU

Insights and analytics generation
Financial Reporting

• Assurance of revenue and the substantiation of balance sheet items(for respective BUs)

Ensure the accuracy, validity and completeness of information that is used for reporting purposes and decision making, which includes, but is not limited to:
Support the consolidated revenue assurance and balance sheet substantiation process which involves:
Revenue:
Ensuring that the revenue that is reported by the business is reflected as is in the source systems(accuracy)
Ensuring that the information in the source system is reflected holistically in the reporting pack(completeness)
Balance Sheet:
Ensuring that the balance sheet that is reflected and reported on by business, has the complete and accurate supporting documentation and evidence required for consolidation, as well as appropriate reconciliations and ageing of all balance sheet accounts

• Drive financial risk management through continuous improvement of processes and controls

Reviewing of existing processes and procedures to develop recommendations for business improvements
Support the updating of the following:
Reviewing and updating of organisational action plans on Business Units risk register;
Capturing of operational new risks identified for Business Performance.

• Approval/Sign off of daily Certificate of Balance accounts

Timeous approval of all certificate of balance accounts(COB)
Preferred Minimum Education and Experience
CA(SA) / CIMA
Must have completed audit articles
Registered with accounting professional body e.g. SAICA / CIMA
Finance Business Partnering, Financial reporting and management accounting as well as Business Strategy and Analysis - 6 years post articles
Critical Competencies
Sound knowledge of the reporting requirements as prescribed by IFRS & IAS regulations
Financial analysis, insights generation
Business Acumen
Financial Reporting Software Packages(SAP, SAP-BI etc)
The ability to deal with ambiguity
Microsoft Office- Excellent Excel skills
Effective Communication
Additional Requirements
Travel as and when required
Extended hours as and when required.

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