Finance Specialist: Incentives & Human Capital Control and Reporting Manager

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

The Reporting and Cost Management team, a sub-team within Group FP&A, is responsible for:
• overall financial Reporting across Absa Group (monthly, quarterly, half yearly and annual)
• support the planning and financial control teams with half year and year end booklets
• managing the end to end of the Group Balanced Scorecard (from initiation to reporting on the results as they emerge).
• perform frequent ad hoc analysis and research, often related to presentations to Exco, the Board and other sub committees of the Board
• Supporting Exco, REMCO and the Board on STI and LTI planning, forecasting and reporting

This role supports the preparation of these key deliverables and provides analysis and inputs into these processes.

Job Description

Accountability: Assist the team in team executing the following deliverables to Exco and other members of senior management:

The Finance Specialist: Incentives & Human Capital Control is responsible for reporting and advising on all finance‐related aspects of Group incentives, with a particular responsibility for the accounting and control of Group-wide share-based payments and Group FTE management.

Job Description

• Providing financial insights on Group-wide incentives to key management committees including but not limited to Group Exco and the Group RemCo in support of appropriate and effective decision-making.
• Developing and running financial models in support of both short term and long term incentive decisions for the organisation.
• Sharing of technical knowledge within Human Capital Control and the broader Finance team both central and in-business.
• Ensuring that established controls are adhered to, to address applicable risks and enable accurate accounting and reporting of Group-wide share-based payments and headcount, both internally and externally to the market.
• Ensuring the completeness and accuracy of the forecasting and budgeting for Group-wide share based payments and other incentive costs.
• Production of monthly management information for incentive costs and headcount trends for comparison against forecast/budgeting data with articulated reasons for variances in support of decision-making.
• Monitoring and reporting of incentive trends in the industry in support of internal financial insights and decisions.
• Continuously seeking to improve existing processes and build efficiencies and effectiveness.
• Assist Internal and External audit requests.

Other areas of responsibility

• Maintain and coordinate the Balanced Scorecard reporting processes for the Group.
• Coordinate the preparations of Emerging Views during the financial year.
• Coordinate the preparations of the final BSCs for the group at the end of the financial year. Coordinating the performance of Organisational Health Assessments for Group, BUs and Functions.
• Participate in the month end reporting process starting with Flash reporting till Exco report and (GACC and Board when required)
• Prepare financial reports, including monthly, quarterly, and annual financial statements, to executive leadership.
• Analyse financial performance, identify trends, and provide actionable insights to senior management
• Assist the Planning team with Outlook/RAF and STP processes as required
• Support the planning and Financial Control teams with half year and year end booklets and the integrated reporting processes
• Lead on other ad hoc projects as is required
• Attend meetings to get briefing on work allocations to understand and complete their tasks to achieve team

Accountability: Ad-hoc requirements/submissions

• Execute ad-hoc queries daily that are dependent on external and internal requirements and vary considerably throughout the year
• Attend meetings as is required

Accountability: Cluster Relationship Manager (CRM) roles

• Communicate with BUs and Functions and relay critical information and requests.

Perform all other duties as reasonably assigned.

People Investment Accountabilities

• Peer responsibility: Engage and develop finance and business savvy leaders.
• Play to our A-Game culture of culture of inclusivity, diversity, entrepreneurship, and ownership.
• Network with fi