MAIN PURPOSE OF THE JOB
Responsible for consolidated Business Performance reporting which includes consolidated insights and analysis as well as standardisation of reporting and reporting frameworks, and standardisation of practices and internal team processes to ensure the meeting of monthly, quarterly and annual reporting requirements. Further responsible for financial modelling, consolidated revenue assurance & balance sheet substantiation reporting, cost recovery model implementation and continued maintenance.
Key Performance Areas
Implementation and management/maintenance of a full cost recovery model and transfer pricing in the Group.
- Drive an in-depth understanding of the business costs through the Financial Business Partner network
- Drive cost driver analysis and validation with Business through Finance Business Partner network
- Drive the development of Activity Based Costing Model through the Finance Business Partner network
- Support the EXCO Cost Recovery Model approval process
- Implement and Manage the cost recovery model, practices and processes
Budgeting and Forecasting
- Preparation and distribution of budget/forecast guidelines,
- Hold meetings with Heads of Business units for clarification as well as following-up on progress within each business unit and address any queries
- Support the review all budget/forecast assumptions, to ensure alignment to the strategic plans of the bank
- Building financial models and providing forecasts based on various strategic operating metrics.
Process analysis and Improvement
- Ensure the standardisation of all reporting packs and frameworks
- Champion the review and efficiency improvement of internal reporting processes
- Build and/or manage, update and maintain internal models i.e. Cost Recovery, Budgeting and Forecasting models, liability solution model
- Review Service Levels Agreements (SLAs) against internal processes and manage accordingly with business stakeholders
- Present to the Head of Business Performance on consolidated reporting trends (drawn from the Finance Business Partners),
- Build and/or Improvement and management of Liability Solution model
Consolidated reporting and Finance business partnering
Reporting:
- Review, refine and manage the Monthly reporting processes to ensure all reports are submitted on time and meet the quality expectations quality assure all report prior to submission to the Head of Business Performance
- Work with Finance Business Partners and Broader business to mitigate potential risks and level 1 solutioning related to information dependencies and reporting submission barriers
- Review all reports to both internal and external stakeholders and facilitate process for sign off with Head of Business Performance (management accounts, credit packs, Alco reports, National Treasury reports, Sarb reports)
Finance Business Partnering:
- Build and develop relationships across the Finance community, with various stakeholders with the intention of developing knowledge and a collaborative approach to maximising business performance ability to influence and identify value adding insights
- Partner with businesses on various financial change and reform projects to ensure success.
- Drive cost management initiatives and identify efficiency opportunities
- Attend various committee meetings as required `by BU’s/regions/branches with intention of providing finance and strategic inputs as Finance Business Partner.
Consolidated revenue assurance and balance sheet substantiation reporting
- Drive the accuracy and completeness of information that is used for reporting purposes and decision making, which includes, but is not limited to: o Consolidated revenue assurance and balance sheet substantiation reporting through the Business Partner Network which involves:
- Revenue: Ensuring that the revenue that is reported by the business is reflected as is in the source systems(accuracy)
- Ensuring that the information in the source system is reflected holistically in the reporting pack(completeness)
- Balance Sheet: Ensuring that the balance sheet that is reflected and reported on by business, has the complete and accurate supporting documentation and evidence required for consolidation, as well as appropriate reconciliations and ageing of all balance sheet accounts
Drive financial risk management through continuous improvement of processes and controls
- Reviewing of existing processes and procedures to develop recommendations for business improvements
- Reviewing and updating of organisational action plans on Business Unit’s risk register;
- Capturing of operational new risks identified for Business Performance.
- Resolution of audit matters raised for business performance BU and other BU’s if required
Approval/Sign off of daily Certificate of Balance accounts
- Timeous approval of all certificate of balance accounts(COB)
Preferred Minimum Education and Experience
- CA(SA)
- Must have completed audit articles
- Registered with accounting professional body e.g. SAICA
- 6 years experience in Finance Business Partnering, Financial reporting and management accounting as well as Business Strategy and Analysis
Critical Competencies
- Sound knowledge of the reporting requirements as prescribed by IFRS & IAS regulations
- Financial analysis, insights generation
- Financial Reporting Software Packages(SAP, SAP-BI etc)
- Business Acumen
- The ability to deal with ambiguity
- Microsoft Office- Excellent Excel skills including financial modelling
- Effective Communication
Additional Requirements
- Travel as and when required
- Extended hours as and when required.
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