Finance Analyst: Payments and Settlement

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Finance Analyst: Payments and Settlement

Apply remote type Hybrid locations Johannesburg time type Full time posted on Posted 2 Days Ago job requisition id R-15963718

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 This role will provide support to the Head of Product Control Design and Monitoring with regard to the control environment design and implementation; investigations (recons, IT incidents, etc.). • The Finance Analyst together with the Head of Product Control Design and Monitoring is responsible for financial management, including developing forward-thinking analysis, generating management reports, statutory compliance, scaling automated financial processes, crafting financial strategies aligned to business financial health and growth objectives within his/her function of the BU. The Finance Analyst ensures that business makes sound financial decisions. • The Finance Analyst is also responsible with Head of Product Control Design and Monitoring for enabling business achieve their operational objectives. By building an agile finance capability able to transform, to bring stewardship, financial integrity & insights to the current state of the business & its future possibilities to deliver on the new operating model and to achieve the business strategy objectives set by Absa Africa United for EB, RB and PS. Job Description Job Description Commercial Finance Execution Accountabilities Leveraging tactical and practice integration support to optimise the function. Co-accountable with Head and CFO for adequate control environment. Ensure that Head of Product Control Design and Monitoring is appraised of key financial issues that need to be raised with executive leadership to enable integrity and timely management of the BU. Deliver on our Customer Promise by creating unprecedented, seamless experiences. Embrace our distinctive brand aspiration and infuse in business. Implementation and creating of global best operating practices. Drive continuous process efficiency, financial rigor and controls. Pioneer and implement Finance best practices, digital solutions and effective change enablement. Build a scalable, digitally-led business. Drive cost management objectives for function within the BU. Contribute to functional strategy, create a shared purpose and identity for function; one family doing what’s ‘best for Absa’. Adopt an eco-system mandate: (geography, customer, channel and product) of business area. Book of work contribution: Partner with leaders on financial decisions and implications of business strategies, investments, trade-offs, efficiency and scale initiatives, including process and systems transformation. Ensure alignment of core business with future business and technology changes and align vendor roadmaps to ensure the achievement thereof. Accountable for ensuring an optimal and compliant control environment within business unit that appropriately balances risk appetites and customer demand with the need to grow to achieve the financial ambitions and balance sheet aspirations of EB, RB and PS. Support all aspects of the core finance processes for Finance (annual planning, forecasting, spend trajectory and reporting), and partner with the business leaders to evaluate the productivity of operations, enable wise resource allocation, and drive intelligent scenario planning. Stimulate a leadership context of solid understanding of the markets/segments/customers/products to help drive financial growth, performs product and customer profitability analysis to assist with business decisions. Build capability to partner with business to identify opportunities to utilise relevant solutions to innovate new products and services with the intent of driving customer value and revenue. Whenever necessary, participate in negotiations with partners as well as suppliers or contractors within appropriate role scope. Foster strong relationships with business units by establishing a customer service culture within the commercial finance team. Influence integration of Treasury, Risk, and Finance from a BU perspective. Influence the build of a leading global payments hub, where applicable. Maintain stewardship and excellence which drives performance and sustainable growth through preservation of financial integrity. Leverage BU to help shape society by developing innovative solutions to societal challenges; and expand and augment existing capabilities. Integrate oversight of BCM & cybersecurity strategy for BU into Finance execution. Financial Reporting Accountabilities Seek advanced modelling and analysis capability to provide actionable intelligence, beyond data within the function. Develop finance narratives and insights driving business; and build pioneering new propositions. 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. Deliver reporting reflecting deep commercial, holistic understanding, coherency, clarity, and contextualisation. Tell the story with passion and conviction. Provide thought-leadership, insight, influence and challenge on evolving stakeholder information requirements and reporting processes to deliver analytics. Drive the stakeholder engagement and processes around month-end, year-end and planning cycles across EB, RB and PS. Prepare for all cycles in advance and ensure adequate engagement with the relevant finance and BU teams. Integrate the production of regular, high quality, standardised financial and non-financial reporting and analytics to Business and Finance. People Investment Accountabilities Play to our A-Game culture of Culture of inclusivity, diversity, entrepreneurship, and ownership. People Promise will be integral to our business. Focus on Finance skills development and succession. Integrate Big Data and Advanced Analytics into the core of our business. Develop specialised Finance skills to support mergers and acquisitions, and partnership capabilities to drive opportunity. Provide thought leadership to the industry and aim to create industry benchmark standards. Be an enabler of capabilities, talent and service level to fulfil business and functional responsibilities in an innovative efficient manner. Lead the Finance team in obtaining a holistic view of EB, RB and PS; whilst ensuring that each direct report maintains an in-depth understanding of his/her own functional area. Regularly engage with the other finance and BU teams regarding the process surrounding demand management, ensuring that adequate controls are in place to ensure effective utilisation of the Finance team’s resources. Embed the correct governance and control frameworks across the Finance team, as well as for proactively addressing any deficiencies and exceptions. Build BU leadership capability by influencing deep 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 engagement. Hold BU managers accountable for ensuring adaptability of the team to changes in external regulatory requirements and business performance outlook. Role / Person Specification Banking Experience would be advantageous Knowledge and skills: Experience in executing finance processes. Experience in financial audit processes. Technical accounting acumen experience. Experience in commercial innovation environments Broad Finance including strategic, commercial, legal, risk and operational aspects Understanding of the financial services sector within a professional business environment Education Postgraduate Degrees and Professional Qualifications: Financial Sciences CA (SA) preferred. Minimum B-degree (NQF level no.7) Desired Post Graduate Degree (NQF level no.8+) Education Bachelor`s Degrees and Advanced Diplomas: 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 advertised

About Us

Truly African

We are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance. Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees. We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda and Zambia. We also have representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia. #J-18808-Ljbffr