Finance Specialist: Incentives & Human Capital Control and Reporting Manager (Sandton) at Absa Group Limited (Absa)

Job Summary

The Reporting and Cost Management team, a sub-team within Group FP&A, is responsible for:

• overall financial Reporting across Absa Group (monthly, quarterly, half yearly and annual)
• support the planning and financial control teams with half year and year end booklets
• managing the end to end of the Group Balanced Scorecard (from initiation to reporting on the results as they emerge).
• perform frequent ad hoc analysis and research, often related to presentations to Exco, the Board and other sub committees of the Board
• Supporting Exco, REMCO and the Board on STI and LTI planning, forecasting and reporting
• This role supports the preparation of these key deliverables and provides analysis and inputs into these processes.

Job Description

• Accountability: Assist the team in team executing the following deliverables to Exco and other members of senior management:
• The Finance Specialist: Incentives & Human Capital Control is responsible for reporting and advising on all finance‐related aspects of Group incentives, with a particular responsibility for the accounting and control of Group-wide share-based payments and Group FTE management.

Job Description

• Providing financial insights on Group-wide incentives to key management committees including but not limited to Group Exco and the Group RemCo in support of appropriate and effective decision-making.
• Developing and running financial models in support of both short term and long term incentive decisions for the organisation.
• Sharing of technical knowledge within Human Capital Control and the broader Finance team both central and in-business.
• Ensuring that established controls are adhered to, to address applicable risks and enable accurate accounting and reporting of Group-wide share-based payments and headcount, both internally and externally to the market.
• Ensuring the completeness and accuracy of the forecasting and budgeting for Group-wide share based payments and other incentive costs.
• Production of monthly management information for incentive costs and headcount trends for comparison against forecast/budgeting data with articulated reasons for variances in support of decision-making.
• Monitoring and reporting of incentive trends in the industry in support of internal financial insights and decisions.
• Continuously seeking to improve existing processes and build efficiencies and effectiveness.
• Assist Internal and External audit requests.

Other areas of responsibility

• Maintain and coordinate the Balanced Scorecard reporting processes for the Group.
• Coordinate the preparations of Emerging Views during the financial year.
• Coordinate the preparations of the final BSCs for the group at the end of the financial year. Coordinating the performance of Organisational Health Assessments for Group, BUs and Functions.
• Participate in the month end reporting process starting with Flash reporting till Exco report and (GACC and Board when required)
• Prepare financial reports, including monthly, quarterly, and annual financial statements, to executive leadership.
• Analyse financial performance, identify trends, and provide actionable insights to senior management
• Assist the Planning team with Outlook/RAF and STP processes as required
• Support the planning and Financial Control teams with half year and year end booklets and the integrated reporting processes
• Lead on other ad hoc projects as is required
• Attend meetings to get briefing on work allocations to understand and complete their tasks to achieve team

Accountability: Ad-hoc requirements/submissions

• Execute ad-hoc queries daily that are dependent on external and internal requirements and vary considerably throughout the year
• Attend meetings as is required

Accountability: Cluster Relationship Manager (CRM) roles

• Communicate with BUs and Functions and relay critical information and requests.
• Perform all other duties as reasonably assigned.
• People Investment Accountabilities

Peer responsibility: Engage and develop finance and business savvy leaders.

• Play to our A-Game culture of culture of inclusivity, diversity, entrepreneurship, and ownership.
• Network with finance colleagues across Group Finance and create awareness of challenges, opportunities and issues and encourage collaboration
• Focus on Finance skills evolution and remaining relevant.
• Maintaining and strengthening relationships with key stakeholders across the organisation, e.g. People Function, (including People Experience), Finance Business Partners, COO’s and CFO’s.

Role/Person Specification

Qualifications and experience:

• B Com degree with Honours or Masters (major in Accounting, Financial Management or Economics)
• CA (SA) / CIMA (5-8 years post qualifying)
• Non-CA (SA) / CIMA (7-10 years’ experience in Financial Services organisation)
• Able to work effectively across a multi-service Financial Services organisation
• Previous exposure to financial management reporting in a complex large organisation

Knowledge and skills:

• Advanced Financial Accounting
• Analytical skills
• Self-driven and good interpersonal skills
• Attention to detail
• Deadline driven
• Advanced Excel and PowerPoint skills
• Experience in handling big data
• Some knowledge of dashboards and PowerBI

Preferred:

• Knowledge of financial markets
• Knowledge of economics

Competencies:

• Deciding and initiating action
• Learning and researching
• Entrepreneurial and commercial thinking
• Relating and networking
• Adapting and responding to change
• Persuading and influencing
• Creating and innovating

Education

• Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)