Commercial Analyst at JSE

Job description

Job purpose

The purpose of this role is to prepare and analyse timely and accurate management account information for the stakeholders as well as to provide expert financial guidance on the account information in support of commercial decision making for the JSE.

Required Qualification and Experience:

Minimum of 2 years’ work experience as a Cost and Management Accountant in a Financial Markets or Financial Services or similar environment.

Qualification:

• BCom Degree / BTech in Accounting or equivalent.
• Able to be innovative
• Numerical and numerical ability
• Business acumen
• Data analytical ability is advantageous
• Perform research ito pricing that is being done at other exchanges, etc

Responsibilities:

• Contribute to meaningful cost reduction / optimisation at all levels
• Provide statistical and commercial business intelligence input
• Provide input into formalisation of the Finance Department’s divisional budget and assist in the coordination and consolidation thereof
• Produce and maintain monthly accurate management accounting information with supporting commentary, statistics, headcount and analysis
• Facilitate the entire planning and budgeting process (creating and ensuring strict adherence to the budget time table, populating of the budgets with business units, timeous communication of material issues and changes and creating of standardised high quality presentations with supporting commentary and analysis)
• Connect previously unrelated metrics and utilise qualitative input
• Provide relevant training to the users of the budgeting and reporting tool
• Provide financial guidance and advice to stakeholders
• Research and analyse pricing and billing methodology changes
• Identifying internal and external factors impacting revenue, quantifying and tracking the key revenue drivers across all JSE products and services and quantifying the impact of client developments, new product development and product enhancements
• Build relationships with colleagues, peers and staff
• Maintain sustainable working relationship with stakeholders
• Develop and sustain relationships with service provider/vendor/supplier administrative staff
• Manage own delivery against agreed deliverables and set timelines, identify obstacles to delivery and take appropriate action where required
• Create and design financial models and reports via Excel
• Perform monthly maintenance and request enhancements to the financial (IDU) tool
• Analyse the monthly, year to date as well as annual actuals information and compare against budget
• Perform monthly review and analyses of the annual view in order to determine the variances to track the expenses and revenue against the original budget and last month estimate
• Perform the rolling forecast activities in order to track the revenue and expenses against the budget and adjust the expenses and revenue for the future months
• Compile management accounts packs that will include financial as well as nonfinancial information for stakeholder review in support of commercial decisionmaking
• Compile the budget pack in alignment with the JSE strategy, which will contain both financial and nonfinancial information in order to present the budget to the board, audit and HR committees for approval
• Analyse management accounts to identify potential risks and advise stakeholders on risks identified as well as corrective action to be taken in order to mitigate risks
• Build costing model through analysing and allocating of costs based on scientific costing principles and appropriate drivers
• Determine product profitability by applying costing principles and appropriate drivers to insure appropriate pricing and to identify potential cost efficiencies
• Control the budgeting process through gathering and analyses of business information in order to compile the divisional packs for the divisional heads to be reviewed and discussed during divisional presentations
• Create cost control awareness activities during budget and rolling forecast meetings to prevent unbudgeted expenditures and improve cost efficiencies within the various divisions
• Consult with relevant manager to review progress against department plans and targets and to identify areas where corrective actions are required in order to ensure delivery of agreed results
• Provide financial information in assistance to the compilation of the business cases for future JSE initiatives in order to ensure profitability and longterm sustainability as well as to identify potential financial risks and opportunities
• Act as a trusted business partner to various allocated divisions
• Act as backup treasury accountant and project accountant as and when required in order to ensure continues flow of the treasury business processes and functions
• Make decision about best practice through comparing data from different sources to draw conclusions; using effective approaches for choosing a course of action or developing appropriate solutions; taking action that is consistent with available facts, constraints, and probable consequences; liaising with management and relevant stakeholders as and when required
• Identify obstacles and major challenges through continuous review of processes and standards in order to ensure effective operational alignment to strategic priorities
• Attend to adhoc financial information requirements and queries as requested by the stakeholders
• Ensure pricing data is accurate across all JSE data sources by testing reports and checking revenue data and investigating revenue data integrity alert reports received