Senior Finance Manager (CIB TP & FBP) - Sandton at Absa Group Limited (Absa)

Job Summary

• The role of Snr Finance Manager: CIB TP & FBP is available in CIBT Finance
• within the CIB Financial Decision Support (FDS). To provide financial leadership
• and support to the business. Provide guidance from a financial perspective to
• the business around the developing and measurement of businesses strategic
• goals. Drive operational understanding of the financial impact of decisions made. Drive the businesses financial objectives by providing accurate value-added financial management information and analysis. The team provides continuous decision support for Exco and senior management within CIB. This role specializes in Transfer Pricing and infra support FBP.

Job Description

• Analysis and management of CIB Transfer Pricing
• Provide analysis on CIB Transfer Pricing to ensure alignment to cost optimization strategy. Review cost drivers and allocation methodology for Group TP and CIB recoveries (ARO and RBB)
• Manage CIB performance cell reporting to ensure fully absorbed cost reporting for each CIB BU • Represent CIB at Absa Group TP forums and provide strategic support to CIB Exco by providing insights and adhoc analysis of CIB TP.
• Review transfer pricing arrangements in place for group functions charging to the cluster and recharges from the cluster to other business areas. On a monthly basis review reports to ensure that the charges processed are accurate and address concerns directly with the finance teams from other areas
• Financial management and Business Partnering 
• Work with business unit or Function heads to determine their performance reporting (financial and non-financial) needs and agree deliverables on an annual basis
• Define and instruct team on the formatting of management reports and contract with system developers and data providers to develop the reports
• Ensure "one version of the truth" for all reporting and that management reporting reconciles/agrees to reports produced within other areas of the business • Review the variance analyses for the different business units as prepared by the team and discuss major variances on cost with business unit heads to gain and understanding of the reasons
• Review quality of and provide input into the Cluster Exco pack (as compiled by the Cluster CFO) with a focus on the variances, reasons for variances and overall business performance of the cluster.
• Lead investigations into cost saving initiatives and make comprehensive recommendations to the business unit or Function heads. • On request from project/change teams, provide input and support during the development of business case financials for new projects or initiatives
• Financial forecasting
• Working with the business unit team and participate in the forecasting and scenario planning processes by providing a view on the financial impact on the cluster of changing internal financial strategies
• Advise business unit decision makers on the process and requirements during the MTP (Medium Term Planning), STP (Short-term/budget planning) and RAF (Revised Annual Forecast) cycles. Ensure that their commitment and thorough input is obtained for these activities and support them with translating strategy into financial objectives on request
• Manage and review the consolidated financial plans generated by MTP, STP and RAF prepared by the team and quality check the consolidations prior to recommending approval to the Cluster CFO
• People Management
• Develop internal capability through the recruitment and development of a capable team who will ensure the necessary resources are in place to achieve business strategy and objectives.
• Together with the HRBP for the business unit implement the people management strategy for the area with a focus on talent management, development, resourcing and retention
• Embed formal Performance Development and informal coaching in the Team
• Motivate team and implement measures in place to recognise their direct reports Motivate team members through coaching and mentoring them to perform optimally around the vision and values, create a sense of urgency and excitement around the business

Education and Experience Required

• NQF Level 7: Honours/Masters Degree • CA(SA) /CIMA or equivalent qualification
• At least 5 years general management experience in a banking finance environment
• At least 3 years experience in successful performance management
• Experience in a Leadership role
• Exposure to dealing with Key stakeholders & Senior Managemen

Education

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