Finance Manager - Client Experience Transformation (CET) at Standard Bank Group

Job description

Job Details

Job Purpose

• Responsible for the end to end management of all financial control, reporting for Client Experience transformation as dictated by the operating environment and as required by BU heads.
• Liaising with both external and internal audit.
• To provide accurate monthly reporting to Central Finance within deadline.
• Preparations of analytical reviews for monthly packs
• Support Finance Head of the area

Key Responsibilities/Accountabilities

• Accounting and Financial Processes and Systems
• Ensure that processes and systems are in place to maintain a general ledger which accurately and completely reflects transactions in line with the policies and principles of both accounting frameworks and company specific guidelines.
• Where applicable, this includes the assurance that reconciliations between the ledger and source systems are performed.
• Prepare monthly reconciliations for all Balance Sheet accounts and ensure that all balances are sufficiently substantiated, including completion of Assurenet.
• FMI Super user
• Ensure that the agreed accounting principles, methodologies, and underlying data (where applicable) of cost allocations are correctly applied.
• Ensure that the necessary financial models are built within specifications to meet finance goals.
• Ensure that the KYBS has been completed monthly and investigate irreconcilable items.
• Prepares month–end general ledger reconciliation.
• Invoice processing and payments
• Maintenance of EBP and FSS workflows,purchase order creation, user access management
• Maintenance of DOA( Delegation of authority)
• Month-end reporting.
• Prepare preliminary and final flash reports, and the Income Statement commentary.
• Prepare a finance pack to report to Business by BD 8.
• Analysis of Monthly expenses vs. Budget / RE and processing accruals as necessary.
• Processing commentary for central reporting within agreed times.
• Fixed Asset Recon
• Sending recoveries to be uploaded on PCM.
• Obtaining monthly financial packs from the entities finance departments to enable processing of month end journals
• Processing Monthly Journals
• Update and send to group the monthly tax sheet.
• Perform Balance Sheet reconciliations and update the Know your balance sheet monthly report.
• Budgeting
• Opex Budgeting and capturing for all cost centres
• Head Count Budgeting
• Manage the Planning cycles for the business partners including timelines and continuous engagement with business partners regarding the budget / REs and rolling forecasts. This involves challenging the business on assumptions, plans and ultimately budgets.
• Capturing the planned numbers into the SAP planning module.
• Facilitate the cost transfer allocation to product houses. This includes setting up and running meetings and agreeing on recovery splits with product houses.
• Process the recovery model and get confirmation from the different product areas if it is showing the numbers that were agreed on.
• Presenting monthly management reports to the stakeholders.
• Act as a liaison between business and the EFS re costs allocated during planning cycles and actual.
• Capturing the planned numbers on SAP.
• Obtain budget / RE sign off from the business partners.
• Year end
• Prepare half year and year end FIP for the area
• Liaising with both external and internal audit
• Adhoc
• Quarterly presentation of YTD performance to CET business partners.
• Dealing with Ad hoc business queries e.g. supplier queries.
• Business case financial modelling and post implementation tracking.
• Preparation and distribution of Finance manco Action items

Preferred Qualification and Experience

• CA (SA), BCom or similar is required
• Minimum of 2-3years of accounting experience.
• Previous banking experience would be an advantage.

Knowledge/Technical Skills/Expertise

• On balance sheet asset management including Margin Analysis
• SAP Knowledge,
• Advanced Excel,
• Sound knowledge of the Accounting and Financial Systems.