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  • Posted: Jun 17, 2022
    Deadline: Not specified
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    Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves approximately 56 million U.S. consumer and small business relat...
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    Country Controller

    Role Description:

    Daily:

    • Review P&L reporting on a daily basis
    • Liaising with Middle Office function offshore
    • Review of Estimate to Actual (E2A) commentary, follow up and resolution of E2A issues.
    • Review Bank reconciliations
    • Review and approval of payments/transfers
    • Funding cost calculation and submission
    • Liquidity management including ensuring exchange control requirements are adhered to

    Month end close process:

    • Posting of journals relating to month-end close in Oracle
    • Cost centre reallocation processes
    • Liaising with operations and offshore finance teams in clearing intercompany breaks
    • Ownership of funding journal processing
    • Substantiation of trading inventory balances, unsettled open position balances,  
    • Completion of quarterly returns for US Federal Reserve
    • Preparation and submission of capital adequacy returns to regulators
    • PnL Variance analysis and presentation

    Annual/Bi-Annual:

    • Preparation of Annual financial statements
    • Preparation of all annual tax returns/provisional tax returns
    • Preparation of the capital forecasts

    Legal entity reporting:

    • Preparation of ad hoc reports required by the management committee and board

    • Calculation and submission of various taxes on a monthly/Bi-Annual/Annual basis

    Balance sheet reconciliations:

    • Ensure that monthly balance sheet substantiation processes strictly adhered to establish and maintain best in class processes for accounts under control.

    Other functions:

    • Project work – ad-hoc projects mainly around process improvement forms a key part of the work requirement.

    • Cover for other finance functions when required

    Key skills:

    Education requirements:

    • Chartered Accountant (South Africa)

    Competencies:

    • Strong IFRS and Tax knowledge
    • Goal driven and proactive in dealing with matters; must display level of urgency in getting things done.
    • Good team player – able to work well within a small team
    • High proficiency in Microsoft Excel (Good knowledge on Pivot tables, V lookups, etc essential)
    • Adaptable and willingness of assist with duties not necessarily falling within the Finance ambit (i.e. BEE verification processes, contracts reviews and custody, etc)
    • Energetic, enthusiastic and looking to build a career within Finance in the FS space.
    • JSE regulatory reporting experience is desirable
    • Working knowledge of IFRS
    • A good understanding of accounting systems. Experience of Oracle and SAP an advantage
    • Prior experience in using BDA advantageous
    • Ability to interact and articulate with senior staff locally and offshore telephonically
    • Ability to multi-task and prioritise effectively i.e. dealing with routine tasks, assigned projects and addressing queries
    • Thrives under pressure with strict adherence to deadlines
    • Strong communication and interpersonal skills
    • Strong analytical skills– able to interpret financial data and decipher impact on the business decision-making process

    Method of Application

    Interested and qualified? Go to Bank of America on careers.bankofamerica.com to apply

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