Finance Business Partner: Business Performance at BankservAfrica

PURPOSE

• The main purpose of the role is to develop a framework that will provide financial analysis, support and guidance for long term strategy formation and key projects, to support and monitor performance of the business, generate in-depth analysis, insight and to support the business planning; forecasting processes and budget control efforts.

You will engage with the following stakeholders:

• Cost Centre Managers
• Product Managers
• Customers and Suppliers
• Lenders
• Senior Management & Executives
• ERP Providers
• SARS, PASA, Banks

Your key responsibilities include:

Financial Management

• Along with the Head FP&A -oversee the Forecast revenue and expenditure of the group
• Provide recommendations to strategically enhance financial performance and business opportunities
• Understand the profitability and growth drivers for the business and ensure that the key insights are well understood
• Prepare and oversee company scenario planning and long-term strategy planning
• Reporting and measurement of metrics related to planning and achievement of strategy
• Develop and build complex financial model to support commercial case opportunities
• Drive best practice, iterative improvement, and innovation at a strategic deployment level
• Provide input into Group budget, demonstrate cost awareness and control and report on revenue, costs and volumes
• Manage and control project and programme costs
• Analysis of Financial operations and contribution to forecasting (opex & capex)
• Prepare, analyse and report on monthly operational spend, budget, income, expenses and cashflow

Initiative/ projects for continuous improvement

• Demonstrate innovative thinking in area of expertise and translate this into business process/ solutions/ working practice improvements
• Deliver client or company specific projects in line with company standards and in agreement with line manager
• Track the performance of products/channels by developing financial models
• Develop business cases and other models/frameworks in order to provide
• Support and contribute to business case analysis
• Contribute towards the establishment of measurable performance parameters and standardised sources for measurement, in order to evaluate ongoing success of such decisions
• Analyse, monitor, challenge and advise and on investment and CAPEX items against anticipated risk and returns to evaluate viability and profitability
• Assure consistency and expertise for all business case/ financial modelling
• Identify business improvement and optimisation opportunities that will result in improvement of process performance
• Drive compliance of sub-division activities, models and business cases governance protocols and policies
• Conduct post implementation analysis for products/channels to identify patterns and learning points
• Support of ERP system implementation and process improvement initiatives

Support Services

• Provide a support service by working with all departments and managers to help make improved financial decisions
• Perform sensitivity analysis to help management make decisions to improve business performance
• Prepare Scenario modelling to cover strategic outlook and support strategic decision making
• Respond to ad hoc queries regarding financial information

Finance Performance Analysis and Management

• Provide input into the development of performance measures and KPIs at various levels of the business (operations, products/channels, markets, margins, profitability etc.)
• Provide ongoing analysis to track product / channel efficiency to enable the business unit to make sound product/channel management decisions regarding product scaling or decommissioning
• Create P&L for each channel to enable assessment of standalone performance of each product / channel
• Oversee the forecasting, planning and reporting for all channel on an ongoing basis and providing reporting insights
• Monitor performance deep dive root cause assessments and constructively challenge outcomes as a means to improve performance
• Review and submit reports for the Head: FPA and CFO addressing periodic activity, budget compliance, feedback and key departmental results to facilitate decision making
• Prepare reports on operational performance and detailed reports on specific projects when required

Acquisition and Retention

• Contribute towards product pricing, tariffs and product/channel policy decisions
• Understand the pricing points and purchasing patterns in the different products/channels within the portfolio and across products/channels and conduct profitability analysis
• Report and analyse on actual product / channel performance

Delegation of authorisation

• Approval of accounting transactions and reconciliations
• Ensure documents are properly authorized in accordance with levels of authority and allocated to the correct accounts in accordance with accounting practices and the company’s policy

Cost Allocation and cost management

• Identify, agree & implement appropriate cost allocation methods. Report results to management across the group
• Test and refine the business logic of the model (improved practices)
• Update and maintain effective cost efficiency plans to reduce cost drivers
• Provide early warnings to management as soon as material deviations are detected, identify for the attention of the business and relevant interventions

QUALIFICATIONS / KNOWLEDGE

• CA(SA) /CIMA
• Required computer literacy levels

Accpac/Sage (Advanced)\
Microsoft office suite (Advanced)

TM1/IBM Analytics

• MS 365 knowledge advantageous

EXPERIENCE

• Minimum of 7 years’ experience in Finance and Commercial functions
• Advanced proficiency in Excel modelling
• Excellent analytical ability required
• Strong strategic thinking capability
• Finance business partner experience advantageous
• Business Performance analysis experience advantageous