Senior Finance Manager: Payments and Setlements at Absa Group Limited (Absa)

Job Summary

• To develop tactical strategy and delivery plans, formulate associated practice and to ensure operational implementation and adoption across a single practice i.t.o. Finance methodology, governance and delivery objectives

Job Description

Financial Reporting:

• Prepare financial reports, both management and adhoc, by coordinating the execution of the day to day and general accounting functions in order to enable decision making.
• Present monthly reports by ensuring the completeness, accuracy and relevance of the information to be presented to enable Group Finance Management Team to make informed decisions.
• Prepare, sign off and discuss the short term plan (STP), medium term plan(MTP) and rolling forecast(RAF) and budgets with the relevant stakeholders to enable consolidation into Finance forecast and budget. Work with the team to consolidate the financial plans generated by MTP, STP and RAF and sense check the consolidations prior to recommending 2 approval by the Head of Group Finance

Advisory Support:

• Provide advice and support to management on financial risks that might have an impact on profitability by discussing at regular intervals all financial related matters

Financial Control and Compliance:

• Sign off on the quarterly supplementary schedules and attestation to Group Finance prepared by the relevant staff in the prescribed format.
• Maintain appropriate internal controls in line with Absa group policy by reviewing regularly all variance reports and other reports where applicable. Interact with the Internal and External Audit team and provide necessary information as and when required Ensure cost centre Managers comply with all regulations and policies when reflecting the financial position of the business

Stakeholder Management:

• Communicate financial policies, procedures, standards and guidelines to the Senior Business Manager and Group Finance Management Team.
• Support projects by developing the financial component of the business case that is created by the management team to actively track and change benefits and costs of the project. Provide strong support to the operational team by having regular meetings with to share financial performance.

Executive Administration:

• Prepare the key themes, presentations and reviews for the Senior Business Manager and assist with detailed content when required. Ensure that presentations are packaged to reflect the business unit's brand and the Senior Business Manager’s preferred style.
• Screen requests for meetings or events to be attended by the Senior Business Manager and determine which ones would be appropriate for personal attendance and which ones should be delegated to other managers in the business unit.
• Sign off proposals, quotes, invoices etc. based on the mandate delegated by the Senior Business Manager.

Qualifications:

• Chartered Accountant with more than 3 years post qualification experience
• Product system knowledge, especially, cheque and savings chassis is required  banking experience is required 
• Very strong auditing, financial control, product control background is required

Education

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