Job Description

Bring your possibility to life! Define your career with us

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary To oversee the process execution of Journals and Month end in the Accounting Control team. To ensure a sound Control Environment, lead a team and work closely with other areas of finance to adequately manage risk. Drive the close of the month end for the Absa Group.
Accounting Control owns the processes that enables sustainable, accurate and timeous financial information in support of reporting to external and internal stakeholders.



Key Accountabilities

Accountability: Managing end to end process across clusters (70%)

• Ensure alignment of process with organisational strategy; take accountability for relevant processes within area of responsibility and ensure delivery and maintenance of standardised processes and controls
• Owner of the end-to-end business process including defining the goals, objectives and KPI's, and performance management thereof
• Plan, implement and develop operating procedures for relevant area and updating process documentation
• Agree hand-ins and hand-offs with other process owners across FC
• Constantly review and improve processes (automation included) to drive and implement a sustainable and effective process in support of quality and accuracy
• Drive sustainable cost and processing efficiencies through continuous innovation, industry benchmarking and alignment to best practices
• Act as escalation and decision point for operational decisions related to specific process, including issue resolution
• Ensure cluster SMEs are aware of any issues in BAU process
• Ownership of accounting control responsibilities for key FC initiatives that impact process.
• Management of relevant executors of processes within ambit of control including co-ordination and management of capability and performance
• Change Management including facilitating change in process within scope of deliverables
• Identify process-specific risks and work with Process Architect to mitigate risks

Accountability: Lead a team of individuals to drive performance through motivation and employee engagement (30%)

• Act as the process lead for Group financial accounting and reporting, including taxation, month end close and ARO centre;
• Manage effective delivery of outputs to ensure high quality and efficient process;
• Work with process owners to unpack and redesign processes to obtain optimal efficiency in Accounting Control and Financial Control;
• Oversee execution and review of AC processes;
• Resolve issues and attend meetings related to process;
• Represent accounting control on operations committee for projects related to process;
• Support Head of Accounting Control with strategic view for the function.

Role/Person Specification

Knowledge and Skills:

• Exceptional academic track record
• Team management experience (Advanced)
• Understanding of financial reporting processes and related controls (Expert)
• Ability to identify control gaps and weaknesses (Expert)
• Ability to analyse and interpret financial data (Expert)
• Ability to write concise effective reports (Expert)

Education and Experience:

• B degree/similar qualification in a financial/related discipline or CA(SA)
• Non CA with 8 to 10 plus years relevant experience or CA with 6 to 8 plus years PQE
• Extensive management experience essential (3-5 years of managing a team), or extensive experience as a SME with the ability to influence across teams, functions and processes
• Business experience in a Banking environment gained from a Finance, Product Management or Front /Middle office role preferable.

Competencies:

• Deciding and initiating action
• Driving performance through employee engagement
• Entrepreneurial and commercial thinking
• Relating and networking
• Adapting and responding to change
• Persuading and influencing
• Creating and innovating

Education

Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised

Absa