Specialist AC Process Executor – AFS PCG at Absa Group Limited (Absa)

Job Summary

• Financial Control is responsible for ensuring that Absa Africa fulfils its financial, statutory and regulatory reporting requirements, while ensuring compliance with accounting, regulatory and balance sheet control policy.
• Financial Control comprises the following areas: Accounting Control, Reporting & Analytics, Risk Management and Governance, Technology Enablement, Cluster Control and Technical Accounting. Financial Control serves as the Group’s primary interface with the auditors and regulators.
• Accounting Control owns the processes that enables sustainable, accurate and timeous financial information in support of reporting to external and internal stakeholders.
• The individual will operate in the key processes in Accounting Control, in the Absa Financial Services – Product Control Group (AFS PCG).

Job Description

Key Accountabilities

Accountability: Manage financial information completion process (40%)

Act as a process executor for completion of financial information, including the accountability for the following key processes:

• Journals and month-end close
• Reconciliations
• Completion of Supplementary information
• Interdiv and Elimination
• Tax
• Accounting Functions

Support to Subject Matter Expert (SME) on processes, resolution of issues and ad hoc requests from stakeholders including:

• Cluster Financial Controller
• Cluster CFO/BP&A team members
• Other Financial Control functions

Support SME on obtaining TAG opinions and ad hoc queries on accounting issues.

• Act as the process executor for implementation of new standardised processes where relevant.
• Provide feedback to stakeholders on results reflected in the financial accounting system, as well as issues identified where there are potential risks to numbers.
• Act pro-actively in correcting issues and implement a sustainable process.
• Ensure that principles of the Financial Control Operating Model are complied with and sustained.

Maintain and enhance processes

• Identify areas of improvement in completion, review and or submission processes to drive and implement a sustainable and effective process in support of quality and accuracy
• Identify synergies between different reporting processes and implement new and or enhanced processes

Accountability: Process Execution and Automation (40%)

• Execution of processes as designed.
• Constantly review, improve and maintain own activities to enhance the effectiveness and efficiency of processes.
• Recommend areas for improvement in order to reduce cycle times, improve productivity, create capacity and improve process reliability and customer satisfaction.
• Assist in the implementation of new and/or enhanced processes.
• Identify activity-specific risks and work with Process Owner / Process Architect to mitigate risks.
• Maintain awareness of own activities and the impact thereof on related / interdependent activities.

Accountability: Provide support to other process executors through motivation and employee engagement (20%)

• Understanding and managing team dynamics to maximize performance;
• Escalate issues around allocation of resources to process architects tasks to ensure delivery of team objectives;
• Ensure continued development of resources, through coaching and mentoring, to empower value added delivery of tasks.

Role/Person Specification

Knowledge & Skills

• Exceptional academic track record
• Understanding of financial reporting processes and related controls (Expert)
• Ability to identify control gaps and weaknesses (Expert)
• Ability to analyse and interpret financial data (Expert)
• Ability to write concise effective reports (Expert)
• Advanced excel skills to contribute to the team
• Good understanding and experience in implementing automated solutions
• Basic knowledge of SQL will be beneficial
• Demonstrated project management skills will be advantageous

Education and experience

• B degree/similar qualification in a financial/related discipline or CA(SA)
• Non CA: 4-6 years relevant experience / CA : 1 to 4 years PQE experience
• Business experience in a Banking environment gained from a Finance, Product
• Experience in SAP and millennium

Competencies

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

Education

• Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required)

End Date: July 8, 2025