Balance Sheet Control/Management at Absa

Accountability:

• Understand Absa Financial Reporting processes, systems, controls, policies and frameworks  
• Develop an appropriate knowledge of the financial reporting systems and processes that operate across businesses within Absa
• Develop a working understanding of Absa Financial Reporting policies and risk management frameworks in order to assess compliance in relevant areas;
• Provide support for Financial Reporting policies and risk management frameworks;
• Input into the operational planning of assurance and conformance testing plans to support risk assessments; and Assist business to document action plans for risk mitigation identified during Analytical review, GLRS’s, conformance testing or in the KRI process.  

Accountability: Coordination of External Financial Reporting Key Risk

• (FRKR) Governance and ownership of the Balance Sheet Attestation Tool (i.e.Consigno) across the Group
• Ensure the operation of a robust FRKR Governance process, including the review and consolidation of information and the production of management information required for FC attestation, AFRC and other forums (e.g. GLRS’s) across all clusters, countries and entities in Africa;
• Provide appropriate management information to process owners for consideration before communication to Finance Management on the assessment of FRKR, ensuring accurate and validity of information and high quality and appropriate commentary; Support
• Business owner for Consigno and other Financial Reporting attestation
• processes. This includes monitoring of system performance, and co-ordination of remedial actions for system failures and other issues; Full understanding of the allocated business or cluster Balance sheet through performing monthly variance analysis and discussions with business. Provide output of analysis to stakeholders;
• Adhoc projects that require timely and sustainable resolution;
• Produce management information packs and presentations to support the risk assessment of FRKR to Operational Risk Committees, including Risk Scenario and other;
• Produce and communicate appropriate Key Risk Indicators (KRI’s) to monitor the level of financial reporting risk and effectiveness of controls, to ensure that the Key Controls are appropriately implemented and understood by stakeholders;
• Monitoring and tracking remediation plans resulting from the above;
• Accountability: Provide support to other process executors through motivation and employee engagement
• Understanding and managing team dynamics to maximise performance;
• Escalate issues around allocation of resources to process architects tasks to ensure delivery of team objectives;
• Ensure continued development of resources, through couching and mentoring, to empower value added delivery of tasks.
• Accountability: Process Execution: Provide inputs and execution of quality control and process improvements  

Execution of processes as designed;

• Constantly review, improve and maintain own activities to enhance the effectiveness and efficiency of processes;
• Recommend areas for improvement in order to reduce cycle times, improve productivity, create capacity and improve process reliability and customer satisfaction;
• Assist in the implementation of new and/or enhanced processes;
• Identify activity-specific risks and work with Process Owner / Process
• Architect to mitigate risks;
• Maintain awareness of own activities and the impact thereof on related / inter-dependent activities;
• Actively supports the operational effectiveness of the Consigno system.

Qualification

• Preferred CA(SA) or Honours in Accounting
• Balance Sheet experience and understanding is critical for this role.