Accountant Financial Business Performance

SUMMARY:
Responsible for consolidated Business Performance reporting which includes consolidated insights and analysis as well as standardisation of reporting and reporting frameworks, and standardisation of practices and internal team processes to ensure the meeting of monthly, quarterly and annual reporting requirements

POSITION INFO:

Key Performance Areas

1. 1.     Maintenance of a full cost recovery model in the Group.

• Support the development, implementation and maintenance of cost recovery model for the Bank through:
• An in-depth understanding of the business costs and driver analysis
• Validation of drivers with Business with the intention of utilising inputs in the development of an activity based costing model
• Develop and monitor the Activity Based Costing Model
• Support the EXCO Cost Recovery Model approval process
• Manage the cost recovery model, practices and processes

1. 2.     Budgeting and Forecasting

• Enable the delivery of the forecasting and planning process for the business performance team which includes:
• Providing communication support
• Distribution of budget/forecast guidelines,
• Adhoc data collection support
• Update and maintain financial models and update forecasts based on various strategic operating metrics.
• Support the compilation of consolidated budget Presentation (including commentary) for Exco and Board approval after reviews by Head of Business Performance and the CFO

1. 3.     Process analysis and Improvement

• Track and identify efficiency improvement opportunities of all internal reporting processes
• Review, update and maintain internal models i.e. Cost Recovery, Budgeting and Forecasting models, liability solution model
• Review Service Levels Agreements (SLAs) against internal processes and manage accordingly with business stakeholders
• Maintenance and updating of Liability Solution model
• Support the automation of reports through various solutions available to the Bank

1. 4.     Consolidated reporting and Finance business partnering

• Support the monthly pack consolidation process through collection and validation of all data and information required for the pack to be presented to the Head of Business Performance.
• Work with Finance Business Partners and Broader business to identify potential reporting risks and information dependencies
• Enabling and support the reporting process
• Finance Business Partnering

1. 5.     Drive financial risk management through continuous improvement of processes and controls

• Reviewing of existing processes and procedures to develop recommendations for business improvement
• Reviewing and updating of organisational action plans on Business Unit’s risk register;
• Capturing of operational new risks identified for Business Performance.
• Resolution of audit matters raised for business performance BU and other BU’s if required

1. 6.     Authorisation of electronic payments

• Receive payments from the Finance and Administration business unit duly validated and authorised by respective business unit leaders per applicable DOP.
• Review documentation for proper authorisation in terms of DOP to effect payment.
• Review supporting documents and captured data per payment procedure
• Release funds from designated bank accounts to vendors/clients

1. 7.     Preparation of daily Certificate of Balance accounts and processing of Internal Purchase Requisition (IPR), invoices and payment requests for Business Performance

• Perform recalculation of accounts using correct methodology as per policy and procedures, ensuring correct downloads and correct basis are used for the calculations.
• Perform higher level calculations of accounts i.e. Insolvencies, Judgement / Legal Status.
• Validate information and provide assurance in the form of printable summaries of the complete detailed recalculations, for Court /Attorney/Debt collection /client purposes.
• Validate accounts in the form of COB’s on all legal matters and issue instruction based on verifications performed for final closure of accounts.
• Ensure adequacy of audit trail and approval of memo’s for each of these cases.
• Participate in planning and co-ordinating identification and scope of Finance and data projects using a good understanding of SAP systems and processes.

Processing of Internal Purchase Requisition for Business Performance:

• Process purchase requisitions in the SAP MM system.
• Perform budget checking on the purchase requisition
• Ensure that correct cost centres are used
• Ensure that all purchase requisitions are released timeously
• Review deliverables against the orders/contracts.
• Follow up with the Procurement Department on the status of any orders.
• Process the goods receipt in the SAP MM system

Preferred Minimum Education and Experience

• CA(SA)
• Must have completed audit articles
• Registered with accounting professional body e.g. SAICA
• 5 years post articles - Finance Business Partnering, Financial reporting and management accounting as well as Business Strategy and Analysis

Critical Competencies

• Sound knowledge of the reporting requirements as prescribed by IFRS & IAS regulations
• Financial analysis, insights generation
• Financial Reporting Software Packages(SAP, SAP-BI etc)
• Business Acumen
• The ability to deal with ambiguity
• Microsoft Office- Excellent Excel skills including financial modelling
• Effective Communication

Additional Requirements

• Travel as and when required
• Extended hours as and when required.