Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise the possibilities on our continent and beyond.
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The Senior Cost and Productivity Head will lead the Absa Regional Operations (ARO) cost management and productivity enhancement efforts. This role will focus on identifying and implementing cost-saving opportunities, improving business efficiency, and ensuring accurate cost attribution at product and business levels. Reporting to the ARO CFO, the role demands strategic thinking, analytical excellence, and project management capabilities to drive meaningful financial and operational outcomes.
This position represents a unique opportunity for a high-caliber individual to shape the financial and operational efficiency of the ARO business while contributing significantly to its strategic objectives.
Job Description
Cost Management
Cost Savings & Execution:
Identify cost-saving opportunities across ARO.
Oversee the execution of cost-reduction initiatives to ensure delivery against targets.
Collaborate with stakeholders to embed a cost-conscious culture.
Benchmarking & Insights:
Conduct benchmarking exercises to identify areas of over- and under-investment.
Provide actionable insights and recommendations to improve financial performance.
Cost Planning & Forecasting:
Lead the annual cost planning and forecasting processes.
Develop robust cost models to support decision-making.
Cost Accounting & Analysis:
Ensure accurate monthly cost accounting and variance analysis.
Deliver insightful cost reports to support business decisions.
Productivity Management
Productivity Program Oversight:
Lead ARO’s productivity program to improve efficiency and profitability.
Assess the commercial viability of proposed productivity initiatives.
Tracking & Reporting:
Track the execution and commercial realization of approved productivity initiatives.
Report regularly on the progress and impact of the program.
Budget Allocation:
Allocate budgets effectively to maximize efficiency gains.
Cost Attribution & Allocation
Cost to Do Business:
Calculate and report the cost of doing business at a product and transaction level.
Identify and measure key cost drivers.
Cost Allocation:
Develop and implement cost allocation methodologies to distribute costs between business units and to product levels to enable franchise level profitability reporting.
Provide insights into the financial impact of cost drivers
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