Summary
Date Posted: Saturday, February 01 2025, Base Salary: Not Disclosed

JOB DETAILS:
Job Summary
Ensure the bank and its subsidiaries’ comply to all applicable Accounting standards and all financial reporting is carried out in accordance with the applicable rules.

Job Description
Reporting
• Assist with review of month end trial balance and ensure all deliverables and GL disclosures are met according to the monthly and quarterly timelines applicable for regulatory reporting
• Assist with Liaising with the Financial Decision Support (FDS) team to ensure that all product and segmental information is reported correctly
• Assist with ensuring that all mapping and exco codes are correctly feeding into SAP to ensure that we have no issues on consolidation into group and for Group regulatory reporting.
• Responsible to ensure that all quarterly reporting on HFM or other relevant reporting platforms is done in within the given deadlines
• Responsible for the reconciliation of intercompany balances and clearance of these.
• Preparation of statutory financial statements using CaseWare or other applicable tools in good time to expected standard to facilitate early sign off of financial statements.
• Analytical review on both the income statement and balance sheet on a monthly basis which should form the basis of the commentary pack which is sent back to regional FC team
• Responsible for the timely and accurate preparation of all regulatory reports including but not limited to the monthly prudential return, BA 610, Basel II parallel run reports, quarterly publications, SEC Reports.
Key Stakeholder Management
• Assist with managing the relationship with external auditors
• Maintain close relations with the Central Bank and other applicable Regulatory Bodies
• Maintain Relationship with Group Regulatory Reporting team.

Risk Management control and Compliance
• Understand the appropriate Group and RoA Policies & Standards applicable to role.
• Understand risks and risk events (incidents) which are faced in the role thereby contributing to the adherence to the Group Risk and Control Framework.

Technical skills / Competencies
• Excellent communication skills at all levels.
• Excellent comprehension skills to understand and interpret financial data and economic trends.
• Strong formal presentation skills to gain acceptance to solutions, both internally and externally.
• Interpersonal skills
• Planning and organisation skills
• Ability to think creatively and identify innovative solutions
• Up to date knowledge of all applicable IFRS and some considerable understanding of accounting technical issues
• Strong ability to view issues from a risk & control perspective
• Highly numeric/strong analytical and problem-solving skills
• Drive to continually improve processes and seek new challenges
• Ability to work well under pressure, working accurately with attention to detail, and meeting deadlines
• Demonstrated ability to maintain and enhance relationships with contractors and staff in order to achieve work goals.
• Skills in forecasting, budgeting and analysis of variances.
• Strong customer focus (internal and external).
• Strong communication skills and interpersonal skills to effectively translate ideas, concepts and information

Knowledge, Expertise and Experience
• Detailed understanding of the objectives of Absa and how they are translated to financial objectives.
• Thorough knowledge of the banking products/services offered, as this will determine the accounting treatment in the books of the bank.
• Knowledge in Bank’s strategic objectives and systems
• Relevant first degree and Accounting professional qualification
• Experience in a Finance role in the banking industry
• Demonstrated ability to manage, motivate and develop a team and effectively work with other staff
• Technical and practical skills in tax compliance
• Knowledge of the Bank’ procedures and processes

Education
Higher Diplomas: Financial Sciences (Required)

Job Experience: No Requirements

Work Hours: 8

Experience in Months:

Level of Education: Associate Degree

Job application procedure
• To apply for this job please visit absa.wd3.myworkdayjobs.com.

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