Job Description

Key Performance Areas * 1. Maintenance of a full cost recovery model 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

• 2. Budgeting and Forecasting

• Enable the delivery of the forecasting and planning process for the business performance team which includes:
• Providing communication support
• Distribution of budget/forecast guidelines,
• Adhoc data collection support
• Update and maintain financial models and update 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

• 3. Process analysis and Improvement

• Track and identify efficiency improvement opportunities of all internal reporting processes
• Review, 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
• Maintenance and updating of Liability Solution model
• Support the automation of reports through various solutions available to the Bank

• 4. Consolidated reporting and Finance business partnering

• Support the monthly pack consolidation process through collection and validation of all data and information required for the pack to be presented to the Head of Business Performance.
• Work with Finance Business Partners and Broader business to identify potential reporting risks and information dependencies
• Enabling and support the reporting process
• Finance Business Partnering

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

• Reviewing of existing processes and procedures to develop recommendations for business improvement
• Reviewing and updating of organisational action plans on Business Units risk register;
• Capturing of operational new risks identified for Business Performance.
• Resolution of audit matters raised for business performance BU and other BUs if required

• 6. Authorisation of electronic payments

• Receive payments from the Finance and Administration business unit duly validated and authorised by respective business unit leaders per applicable DOP.
• Review documentation for proper authorisation in terms of DOP to effect payment.
• Review supporting documents and captured data per payment procedure
• Release funds from designated bank accounts to vendors/clients

• 7. Preparation of daily Certificate of Balance accounts and processing of Internal Purchase Requisition (IPR), invoices and payment requests for Business Performance

• Perform recalculation of accounts using correct methodology as per policy and procedures, ensuring correct downloads and correct basis are used for the calculations.
• Perform higher level calculations of accounts i.e. Insolvencies, Judgement / Legal Status.
• Validate information and provide assurance in the form of printable summaries of the complete detailed recalculations, for Court /Attorney/Debt collection /client purposes.
• Validate accounts in the form of COBs on all legal matters and issue instruction based on verifications performed for final closure of accounts.
• Ensure adequacy of audit trail and approval of memos for each of these cases.
• Participate in planning and co-ordinating identification and scope of Finance and data projects using a good understanding of SAP systems and processes.

Processing of Internal Purchase Requisition for Business Performance:

• Process purchase requisitions in the SAP MM system.
• Perform budget checking on the purchase requisition
• Ensure that correct cost centres are used
• Ensure that all purchase requisitions are released timeously
• Review deliverables against the orders/contracts.
• Follow up with the Procurement Department on the status of any orders.
• Process the goods receipt in the SAP MM system

Preferred Minimum Education and Experience

• CA(SA)
• Must have completed audit articles
• Registered with accounting professional body e.g. SAICA
• 5 years post articles - 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

Additional Requirements

• Travel as and when required
• Extended hours as and when required.

Skills Required