Finance Officer at Absa Bank

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.

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.

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

Education

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