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AB
Management Accountant
Absa GroupAbsa Towers West, United Statesfull_timeVerifiedPosted 5 Sept 2024
About the role
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 purpose of the role will be focused on reporting of management information within AVMS. This central team provides continuous decision support for Exco and senior management within AVMS.Analysing and reporting of financial information in an accurate, complete and timely manner and providing business with meaningful insights and value-add perspective to enable decision making
Continuously seeking ways to improve operations by scaling automated financial processes, performing deep dives on several topics and trend analyses.
Crafting financial solutions aligned to all appropriate controls, business financial health and growth objectives.
Job Description
Financial Reporting Accountabilities
- Build trust in the finance function through the creation of a single source of financial information which is corroborated by related management information sources and alignment to the agreed accounting principles, methodologies, and underlying data are correctly applied.
- Ensure appropriate, quality and timeous delivery of accurate financial and non-financial management information to support business objectives and expectations, including appropriate financial and non-financial metrics, valid and insightful comments and packaging the information in a relevant and appropriate manner.
- Own the process of delivery of high-quality information for regular and ad-hoc enhanced reporting to agreed requirements, timelines, and standards.
- Validate all management reporting information for flash results, month end financial results and utilisation and reporting of various key metrics
- Integrate advanced modelling and analysis capability to provide actionable intelligence, beyond data within the function.
- Generate finance narratives and insights driving business; and build pioneering new propositions.
- Take a commercial view on business and provide contextual insights into performance reports.
- Prepare financial results for senior stakeholders highlighting performance against plans, prior performance and providing meaningful insights on possible risks and opportunities for the near future
- Align to processes around month-end and year-end across the AVMS finance community based on the requirements from Group.
- Interact with the stakeholders to agree minimum quality standards, as well as an agreed method of communicating and resolving any identified quality deficiencies in the reporting process.
- Act in line with the correct governance and control frameworks across the Finance team, as well as for proactively addressing any deficiencies and exceptions.
- Ensure that the Senior Specialist is appraised of key financial issues that need to be raised with executive leadership to enable integrity and timely management the BU.
- Know BU financial ambitions and balance sheet aspirations of AVMSin performance reporting.
- Focus on information-driven performance improvement and formulate data into easy access standardised views.
- Maintain stewardship and excellence which drives performance and sustainable growth through preservation of financial integrity.
- Balance substantiation and reconciliation for key reconciliation impacting the AVMS business
- Participate at General Ledger Review and Substantiation Forum and perform attestations on balances
- Perform month-end reporting process including presentation of results
- Assisting in managing activities relating to assurance providers with particular emphases on external and internal audits.
- Driving process improvement within financial reporting and finance operations
- Stakeholder management across the business and external stakeholders
People Investment Accountabilities
- Network with finance colleagues across AVMS and create awareness of challenges, opportunities and issues and encourage collaboration
- Focus on Finance skills evolution and remaining relevant.
- Ensure personal understanding of income statement, balance sheet, margin returns, variance analysis, capital and liquidity requirements, revenues, assets, liabilities and capital, expenses, headcount analytics and other key ratios through relevant business engagement.
Role / Person Specification
- Minimum B-degree (NQF level no.7) Desired Post Graduate Degree (NQF level no.8+), CA (SA) or CIMA qualification preferred.
- 3+
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