Allocations Accountant at Al Baraka Bank South Africa

MAIN FUNCTIONS OF THE JOB

Develop processes, policies and procedures relating to the allocation of transactions

• Developing models that facilitate the efficient allocation of transactions to reporting areas.
• Drafting of procedures relevant to new processes implemented.

Ensuring that Balance Sheet positions are accurately allocated to reporting segments, including but not limited to:

• Advances
• Deposits
• Transactional Banking
• Provisions

Ensuring that Income Statement positions are accurately allocated to reporting segments, including but not limited to:

• Income earned from advances
• Profit paid to depositors
• Provisions
• Other income
• Staff Costs
• Other expenses

Special Projects

• Undertakes special projects and/or assignments as may be requested through the banks leadership structures.
• Introduces efficiencies to stream and enhance controls and procedures through automation and digitalisation.
• Evaluates and improves, where required, the overall effectiveness of the accounting function and system.
• Assist with financial decisioning for projects across the business taking into account principles of costing, expensing and capitalization.
• Involvement in and support to leadership on strategic issues including the transformation committee.
• Assist the reporting team with development of recons that allow better accuracy around financial information.

Staff support

• Assists other team members with queries and provides support in the completion of departmental tasks

Requirements

QUALIFICATIONS

• Bachelor of Commerce (Accounting) or similar financial qualification

PERFERRED EXPERIENCE

• A minimum of 3 - 5 years of experience is required in a Finance Department