Managing Director AVMS at Absa Group Limited (Absa)

Job Summary

The purpose of the role is to manage the AVMS business unit to optimise the delivery of sustainable returns to its shareholders, while protecting the interests of all stakeholders and ensuring alignment with the vision and strategy of Relationship Banking and taking the necessary cognisance of appropriate risk mitigation and compliance requirements.

Job Description

The purpose of the role is to manage the AVMS business unit to optimise the delivery of sustainable returns to its shareholders, while protecting the interests of all stakeholders and ensuring alignment with the vision and strategy of Relationship Banking and taking the necessary cognisance of appropriate risk mitigation and compliance requirements.

Key Responsibilities:

People Management

• Leadership and guidance of the management team (and through them, all staff) to derive the required performance to achieve AVMS vision and strategy.
• To drive values based behaviours in line throughout the company, ensuring appropriate alignment with Absa
• Create and deliver against an appropriate Employment Equity and Black Economic Empowerment Plan.
• Establish and maintain a succession plan for the Managers within the business unit.
• Ensure implementation of the necessary talent management, mentoring, coaching and performance development programmes in order to grow existing talent and skill
• Take active measures to attract and retain the necessary skills and talent as needed to ensure that AVMS remains relevant and competitive in its industry.

Strategy & Business Management

• Formulate strategic plans to ensure the achievement of AVMS strategy and vision (i.e. to be the leading fleet solutions entity in Southern Africa). Such strategy to be aligned with Relationship Banking.
• Develop implementation plans and projects for the business unit to meet business objectives as set out within overall strategy
• Ensure that AVMS remains relevant, competitive and market leadings through continually anticipating market trends and formulating action plans to take advantage of business opportunities
• Identify and ensure representation of AVMS at relevant industry forums, like SAVRALA, to represent AVMS interest, influence regulations and market changes and remain abreast evolving trends.
• Ensure an appropriate balance between a strong sales and customer service culture (driving unit sales) whilst at the same time protecting the profitability of AVMS maintenance and residual value income streams (writing of quality business).

Risk Management

• Ensure that robust mechanisms and relevant risk forums are in place to manage the operational risk of the business.
• Ensure that such forms actively manage the key risk elements of the AVMS business model - specifically the levels of maintenance burn rates and residual value profits / losses.
• Ensure alignment and compliance with broader Relationship Banking risk forums
• Ensure sufficient reporting / disclosure to AVMS board level risk forums as deemed necessary
• Ensure that Business Continuity Management plans are in place according to Group Standards

Financial oversight

• Regular reviewing of the financial dashboard reporting with the management team, to identify evolving risks and trends, and to take necessary action.
• Ensure the timely and quality production of financial reports for the business unit including budget vs actuals, statutory and regulatory reporting as required by group / legislation.
• Approve Capital Expenditure items and operating expenditure within mandate and ensure proper processes are followed for the acquisition of capital items.
• Ensure adequate financial provisioning for operational risk positions as necessary Statutory - Director Duties.

Statutory - Director Duties

• To perform the required statutory and fiduciary duties as per the current corporate governance requirements  stipulated within the current companies act.
• Taking the necessary cognisance of the King 3 codes of good practice - and to ensure that AVMS is managed accordingly.
• In line with the prescriptions of the relevant acts, to actively manage the interests of all stakeholders (See below) Stake Holder Management.

Stakeholder Management

• SHAREHOLDERS: Engage as necessary with Relationship Banking / Absa group (shareholder), and other stakeholders within the Group, to mutually identify opportunities and to manage expectations.
• CUSTOMERS: Engage regularly with the business unit's customers to develop and sustain a strong understanding of their needs and how best to meet these.
• SUPPLIER: Engage regularly with the business unit's suppliers to ensure sustainable service delivery and to identify and exploit growth opportunities.
• STAFF: To protect the interests of staff as stakeholders of a broader fleet industry - beyond the norms of the banking sector.
• ENVIRONMENT: to consider the impact AVMS operating policies have on the environment and also to strive for the implementation of broader customer fleet policies that conserve resources and protect the environment.

Competencies:

• Business Acumen
• Inspirational People Leadership
• Customer Orientation
• Results Orientation
• Collaboration and Influencing
• Innovation Leadership
• Change Leadership
• Pan African Citizen

Minimum Requirements

• BCom Degree/LLB (NQF 7), Post Graduate (NQF 8) or higher
• At least 5 years general management experience in a dynamic, competitive, service orientated business environment;
• A proven track record of successful leading, managing and developing profitable business or having divisional/unit profit and loss responsibilities;
• Experienced in managing change and developing new business principles as well as the workings of the motor vehicle industry
• Understanding of fleet management products and principles as well as the workings of the motor vehicle industry processes to increase efficiency and profitability
• Preference will be given to South African Citizens and Permanent residents of South Africa in possession of proof of permanent resident status.

Closing Date: 29th June 2022