Job Description

Job SummaryMAIN PURPOSE OF THE JOBResponsible for consolidated Business Performance reporting which includes consolidated insights and analysis as well as standardisation of reporting and reporting frameworks, and standardisation of practices and internal team processes to ensure the meeting of monthly, quarterly and annual reporting requirements. Further responsible for financial modelling, consolidated revenue assurance & balance sheet substantiation reporting, cost recovery model implementation and continued maintenance.KEY PERFORMANCE AREAS * Implementation and management/maintenance of a full cost recovery model and transfer pricing in the Group.

• Drive an in-depth understanding of the business costs through the Financial Business Partner network
• Drive cost driver analysis and validation with Business through Finance Business Partner network
• Drive the development of Activity Based Costing Model through the Finance Business Partner network
• Support the EXCO Cost Recovery Model approval process
• Implement and Manage the cost recovery model, practices and processes
• 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 Presentation (including commentary) for Exco and
• Board approval after reviews by Head of Business Performance and the CFO
• Review all BU, regional, provincial/Branch budgets loaded on SAP and ensure completeness and accuracy based on approved budgets.
• Process analysis and Improvement

• Ensure the standardisation of all reporting packs and frameworks
• Champion the review and efficiency improvement of internal reporting processes
• Build and/or manage, update and maintain internal models i.e. Cost Recovery, Budgeting and Forecasting models, liability solution model
• Review Service Levels Agreements (SLAs) against internal processes and manage accordingly with business stakeholders
• Present to the Head of Business Performance on consolidated reporting trends (drawn from the Finance Business Partners),
• Build and/or Improvement and management of Liability Solution model
• Drive automation of reports through various solutions available to the Bank
• Consolidated reporting and Finance business partnering

• Reporting
• Finance Business Partnering
• Consolidated revenue assurance and balance sheet substantiation reporting

• Drive the accuracy and completeness of information that is used for reporting purposes and decision making, which includes, but is not limited to:

• Consolidated revenue assurance and balance sheet substantiation reporting through the Business Partner Network 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 Unit's risk register;
• Capturing of operational new risks identified for Business Performance.
• Resolution of audit matters raised for business performance BU and other BU's if required
• 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)
• Must have completed audit articles
• Registered with accounting professional body e.g. SAICA
• 6 years experience as Finance Business Partnering, Financial reporting and management accounting as well as Business Strategy and Analysis

Critical Competencies

• Sound knowledge of the reporting requirements as prescribed by IFRS & IAS regulations
• Financial analysis, insights generation
• Financial Reporting Software Packages(SAP, SAP-BI etc.)
• Business Acumen
• The ability to deal with ambiguity
• Microsoft Office- Excellent Excel skills including financial modelling
• Effective Communication
• Travel as and when required

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