Job Description

JOB SUMMARY:

• Effective management of costs within the Bank for support functions. Business partner for Property Function related cost analysis. Ensure timely, accurate reporting to Group and act as key support for the accounts operations function on the day to day operations including Tax.

RESPONSIBILITIES:

Information Systems:

• The Reporting Accountant and the Financial Controller are the custodians of the Banks financial information systems. The Bank relies on these systems to satisfy the reporting needs of the business, local regulators, the Regional Office and Group Finance division.
• The Reporting Accountant shall therefore enforce systems controls, to protect this from misuse or abuse. This includes managing the account opening, maintenance, and closing procedures.

Accounting:

Group Reporting:

• Ensure that Group reports are prepared and submitted within set deadlines.
• Effectively respond to queries arising from submitted reports.
• Ensure that Financial reports to management are accurately prepared and submitted within set deadlines.

Budgeting:

• Preparation of budgets and full year forecasts for business support functions.
• Assist in consolidation and preparation of budget pack for the branch.

Local Financial reports:

• Ensure that cost reports are prepared for usage by Cost centre managers.
• Respond timely to Cost centre manager queries.
• Perform costs analysis and variance analysis monthly.
• Review monthly cost bookings for accuracy. Process reallocation entries and work with users to rectify any issues at source.
• Oversee Chennai hubs and ensure correct reporting.

Property Support:

• Act as key support to property for all Finance activities including monthly cost reviews, budgeting forecasting and project accounting.

Accounts Payable Processing:

• Provide guidance, advice and assistance in the formulation and issue of instructions to business units and cost centre managers on issues relating to the paying of Suppliers, expense claims etc.
• Supervise and monitor suppliersxe2x80x99 payments to ensure that all invoices received in Finance are settled timorously under correct authorization levels.
• Supervise the overall payments process, including preparation and submission of the resulting accounting entries, on all suppliersxe2x80x99 invoices.
• Monitor and give guidance to staff regarding correct allocation of expenditure, authorization limits and efficient processing of suppliersxe2x80x99 transactions.
• Ensure record keeping of the above and ensure that all audit trail reports generated in PSGL, vouchers and invoices are properly filed and readily available for audit.
• Review and ensure correct processing of the foreign exchange payments, cash travel advances and petty cash reimbursements ensuring that no are outstanding for unduly long periods.

Processing:

• Sorting post and passing to relevant departments for processing.
• Preparation of POxe2x80x99s and journals.
• Requesting of Funding as and when required.
• Assisting and resolving adhoc queries from management.
• Ensure that Financial Control Policy is fully complied with.

Reconciliations:

• Prepare Journals to clear intersystem reconciling items.
• Staff Corporate Card amounts utilized are accounted for and the individual CC recons prepared monthly.
• Ensure reconciliation of the Finance Sundry and Suspense accounts and submitted to the Finance Operations Manager for review monthly.
• Ensure that open items on Reconciliations are investigated; resolved and no open items are kept open beyond their life span.
• Ensure FCS accounts are submitted timely.

Controls:

• To report unitxe2x80x99s OR issues and losses to FORMT
• To identify and report all exceptions on non compliance with standard controls
• To identify and report all weaknesses inherent in the standard controls

Direct and Indirect Taxes:

• Preparation of workings for South Africaxe2x80x99s quarterly IFRS tax reports for the purposes of the financial pack.
• Prepare forecasts of the tax liabilities in line with the ETR management programme
• Prepare tax risk report to the Group Taxation
• Country by Country Tax Reporting (ZC9 and ZC10) for bank branch
• Capturing of tax risk in Phoenix
• Prepare the year-end computations and deferred taxation for the organisation
• Preparation of tax accruals and GLRS of tax accounts
• Maintain tax asset register for the bank branch in accordance with SARS wear and tear write off periods
• Assistance with the VAT Apportionment workings for the bank branch
• Preparation and submission of VAT returns for the Bank Branch
• Preparation and submission of DWT returns for the Bank Branch
• Preparation and submission of STT returns for the Bank Branch
• Preparation and submission of tax returns (IT14) for the Bank Branch
• Preparation of various tax schedules for tax return purposes
• Timely management of tax payments for all tax types

Trial Balance Management:

• Enforce correct chart fields use on the trial balance and provide guidance to the processing team.
• Coordinate audit and review activities in the payables and processing section.
• Ensure that Sundry and Suspense accounts reconciliations are correctly and timorously performed, providing analytical reports on Account Payable owned Accounts.
• Review the Reconciliations and ensure open items are investigated and timorously cleared.
• Ensure open items are correctly aged and escalations done in line with the FCP requirements.

Audit:

• Assist with Internal and external audits

Risk Management:

• Ensure timely escalation of risk issues within department

Regulatory & Business Conduct:

• Display exemplary conduct and live by the Groupxe2x80x99s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Lead to achieve the outcomes set out in the Bankxe2x80x99s Conduct Principles
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders:

• Support Functions heads
• Manager Financial Reporting
• Head of Business Finance
• Chief Financial Officer
• Head of Tax

Other Responsibilities:

• Embed Here for good and Groupxe2x80x99s brand and values, Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats)

Our Ideal Candidate:

• Accounting degree
• Professional qualification CIMA/ACCA/CA an added advantage.

Role Specific Technical Competencies:

• Group Accounting policy and statutory regulations
• Knowledge of Group Finance Functions
• Property Accounting Policies and procedures

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion. Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
• Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum
• Flexible working options based around home and office locations, with flexible working patterns
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
• Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

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