Country Controller at Bank of America

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