Finance Manager Accounting Control - Legal Entities

at  Absa Bank Limited

Empowering Africa’s tomorrow, together…one story at a time.
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary
An overview of the role:
Management of the preparation of separate legal annual financial statements
Manage the ledger clean-up process and monitoring process for all deregistered/sold entities
Owner for BRIAR/EUDA/BCM for AC
Manage and follow up on any ops risks events in the function
Develop and manage with the SME’s audit pack for legal entities
Provide and coordinate finance data for resolution planning templates and query resolution
Review LE mappings as maintained by Group Secretariat and in the finance master data
Management of legal entity monthly reporting and audit process.
Clean up S4 to represent and LE correctly.
Document Deregistration and Creation process
Job Description

Accountability: Managing end to end process across clusters (70%)

• Ensure alignment of process with organisational strategy; take accountability for relevant processes within area of responsibility and ensure delivery and maintenance of standardised processes and controls
• Owner of the end-to-end business process including defining the goals, objectives and KPI’s, and performance management thereof
• Plan, implement and develop operating procedures for relevant area and updating process documentation
• Agree hand-ins and hand-offs with other process owners across FC
• Constantly review and improve processes (automation included) to drive and implement a sustainable and effective process in support of quality and accuracy
• Drive sustainable cost and processing efficiencies through continuous innovation, industry benchmarking and alignment to best practices
• Act as escalation and decision point for operational decisions related to specific process, including issue resolution
• Ensure cluster SMEs are aware of any issues in BAU process
• Ownership of accounting control responsibilities for key FC initiatives that impact process.
• Management of relevant executors of processes within ambit of control including co-ordination and management of capability and performance
• Change Management including facilitating change in process within scope of deliverables
• Identify process-specific risks and work with Process Architect to mitigate risks

Accountability: Lead a team of individuals to drive performance through motivation and employee engagement (30%)

• Act as the process lead for Group financial accounting and reporting, including taxation, month end close and ARO centre;
• Manage effective delivery of outputs to ensure high quality and efficient process;
• Work with process owners to unpack and redesign processes to obtain optimal efficiency in Accounting Control and Financial Control;
• Oversee execution and review of AC processes;
• Resolve issues and attend meetings related to process;
• Represent accounting control on operations committee for projects related to process;
• Support head of Accounting Control with strategic view for the function.

Role/Person Specification

Knowledge and Skills:

• IFRS, accounting and reporting
• Proven senior stakeholder management
• SAP or similar ERP system
• Basic understanding of accounting data flows
• Problem solving
• Interpersonal skills
• Management and leadership

Education and Experience:

• Honours/Masters-degree in (Accounting) (NQF level 7)
• CA SA
• Experience managing financial statement and disclosure processes and process improvement
• Control environment understanding and monitoring experience
• Previous people management experience will be beneficial.
• 5-6 year post articles with a minimum of 3 years’ experience in leadership or management position

Competencies:

• Deciding and initiating action
• Agile and organized
• Entrepreneurial and commercial thinking
• Relating and networking
• Adapting and responding to change
• Persuading and influencing
• Creating and innovating
• Proactive and confident

Education
Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
Absa Bank Limited reserves the right not to make an appointment to the post as advertise

Accountability: Managing end to end process across clusters (70%)

• Ensure alignment of process with organisational strategy; take accountability for relevant processes within area of responsibility and ensure delivery and maintenance of standardised processes and controls
• Owner of the end-to-end business process including defining the goals, objectives and KPI’s, and performance management thereof
• Plan, implement and develop operating procedures for relevant area and updating process documentation
• Agree hand-ins and hand-offs with other process owners across FC
• Constantly review and improve processes (automation included) to drive and implement a sustainable and effective process in support of quality and accuracy
• Drive sustainable cost and processing efficiencies through continuous innovation, industry benchmarking and alignment to best practices
• Act as escalation and decision point for operational decisions related to specific process, including issue resolution
• Ensure cluster SMEs are aware of any issues in BAU process
• Ownership of accounting control responsibilities for key FC initiatives that impact process.
• Management of relevant executors of processes within ambit of control including co-ordination and management of capability and performance
• Change Management including facilitating change in process within scope of deliverables
• Identify process-specific risks and work with Process Architect to mitigate risk

Accountability: Lead a team of individuals to drive performance through motivation and employee engagement (30%)

• Act as the process lead for Group financial accounting and reporting, including taxation, month end close and ARO centre;
• Manage effective delivery of outputs to ensure high quality and efficient process;
• Work with process owners to unpack and redesign processes to obtain optimal efficiency in Accounting Control and Financial Control;
• Oversee execution and review of AC processes;
• Resolve issues and attend meetings related to process;
• Represent accounting control on operations committee for projects related to process;
• Support head of Accounting Control with strategic view for the function