Specialist Activity Based Costing at Absa Group Limited (Absa)

Job Summary

• Newly qualified CA with magic orange and strong technical IT knowledge required to provide and interpret financial information to all stakeholders of the business for informed decision making.

Job Description

Accountability: Financial management and Business Partnering (Magic Orange Reporting)

• Assist with monthly actual cost base submissions to Magic Orange, which includes the reconciliation of the financials.
• Assist with Planning Cycle cost base submissions to Magic Orange, which includes the reconciliation of the financials.
• Assist and provide information from PowerBI (Reporting tool) to Business Units regarding specific requests.
• Work with Finance Business Partners to determine their performance reporting (financial and non-financial) needs and agree deliverables regularly.
• Working with Finance Business Partners to define the cost centre structures and rollup/consolidation to effectively manage the businesses performance.

Accountability: Business Planning

• Work with the Finance Business Partners 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 and transfer pricing methodologies.
• Advise Finance Business Partners on the process and requirements during the MTP (Medium Term Planning), STP (Short-term/budget planning) and RAF (Revised Annual Forecast) cycles.
• Prepare budget/transfer pricing presentations to be presented to key stakeholders in the planning cycle.

Accountability: Transfer pricing

• Review transfer pricing arrangements in place for group functions charging to the cluster and recharges from the cluster to other business areas.
• Assist with high level Transfer Pricing analysis during planning cycles before numbers are processed.

Accountability: Support to business and Financial leadership

• Translate Cluster strategy into meaningful operational targets for the business unit under management. Ensure that the focus areas are disseminated to all levels in the business unit.
• Drive change proactively aimed at continuous improvement in all areas of the reporting and business.
• Negotiate with the various stakeholders on the targets set and drive the overall achievement of performance objectives in the business unit through the performance management function within the required business parameters.

Accountability: Governance

• Ensure that processes, control requirements and risk management frameworks that have been designed for the area are understood by all members of the team and that these are adhered to on a monthly basis.
• Implement required governance forums to support improved financial management practices within own area of responsibility. (e.g. monthly finance reporting, monthly finance meetings.)

Qualifications and experience required:

• Newly qualified CA(SA)
• Magic orange experience
• Strong Technical IT knowledge

Education

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