Job Description

PRIMARY PURPOSE

Accountable for managing the financial control function within Bidvest Bank and subsidiaries. Includes the development of a financial and operational strategy, metrics tied to the strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.

KEY PERFORMANCE AREAS (KPA's) AND KEY PERFORMANCE INDICATORS (KPI's)

OPERATIONAL EXCELLENCE

Financial control

Lead and direct all functions of the Bank's financial control department, including finance operations, financial & statutory reporting, tax and vat, debtors and creditors Lead and direct all functions of the Bank's related financial processes, policies and procedures Oversee implementation and management of Key Financial controls across all functions across the Bank Manage year end audit process including Bidvest Group financial year packs and Bidvest Bank and related subsidiaries Annual Financial Statements within regulatory timelines Manage all Bidvest Group finance related matters for Bidvest Bank and all Bank related entities Identify and implement opportunities to improve current financial processes (innovation, automation and efficiencies) Lead and direct Bank wide Cort saving initiatives in line with continued targets of reducing the Bank's cost to income ratio annually Assist CFO with any Controls, accounting, IT systems projects and financial matters as required Technical financial accounting and structuring on any Bank and Bank related corporate finance matters Member of Finance Manco Committee

CUSTOMER CENTRICITY

Daily Operations

Advise on market best practice for all Financial Control functions and implement operational best practices Monitor the implementation of strategic objectives Take initiative for problem solving and have a solution driven mindset Maintain strong and positive interpersonal relationships with internal departments and external parties Act in the best interest of the Bank at all times Ensure delivery of functions are met within all prescribed and regulatory timelines Manage strong relationships with the Bank's Executive Committee and management

GOVERNANCE

Risk Management

Maintain a strong financial control environment with best practice processes and controls Address internal / external audit matters timeously and implement controls to prevent future occurrence of findings. Continued target of only low risk findings. Identify and communicate potential risks and relevant risks mitigating controls to be implemented Lead and direct all financial operational risk matters in the Bank Attendee at the Bank's audit committee with participation into financial matters as required Attendee at the Bank's Senior Credit Committee and ALCO (as required)

LEARNING, GROWTH & CULTURE

Living the Bank's values (Respect and Honesty, Innovation, Transparency and accountability, Integrity, Excellence) consistently Lead and drive a positive and energetic environment within the financial control and procurement teams, as well as contribute to overall positive culture across all other areas of finance Drive own personal and career development Arrange training and development exposure in line with identified development areas of employees and encourage employees to take ownership of professional development Identify future finance and procurement skill requirements to enhance efficiencies across departments Coaching and mentoring of staff

REQUIREMENT

S

QUALIFICATIONS AND EXPERIENCE

Qualification: CA(SA)



Experience: 5 years in a similar capacity managing the entire function / 5 - 8 years within the industry, experience in an auditing firm is ideal

KNOWLEDGE, SKILLS AND ABILITIES REQUIRED

Knowledge and understanding of the complexities involved in Financial Control, Statutory reporting, technical accounting, Procurement and Taxation within the Bank Expert knowledge - Tax Legislation, Principles and Accounting SA Governing Bodies and Reporting Structures as well as Reporting Framework and timelines Internal policies and procedures Ability to operate effectively under pressure Financial acumen Integrity Management and leadership skills Attention to detail Excellent communication skills.

Knowledge and understanding of banking products and source system to GL reconciliations Experience with managing year end external audit and internal audit engagements Experience in Banking within a Financial Control environment

WORKING CONDITIONS

Office bound

This position is advertised in line with our commitment to Employment Equity.