Accounting Control

2 weeks ago

Johannesburg, Gauteng, South Africa Absa Bank Limited Full time
Bring your possibility to life Define your career with us

  • 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


To oversee the process execution that enables sustainable, accurate and timeous Group financial information to be reported to all necessary recipients (both internal and external) for example South African Reserve Bank (SARB), external markets (JSE) and Analysts.


Job Description:

Key Responsibilities:

Accountability:
Stakeholder management

  • Manage the aggregation, consolidation and reporting of results, to ensure it meets the needs of all key stakeholders (Exco, Board Members, Divisional Heads etc.), where deemed appropriate.
  • Manage the financial reporting functions of each cluster in Absa as well as the African entities outside of SA.
  • Manage key relationships within Group Financial Control, Business Units and other parties within Group Finance to align outcomes and dependencies between units. Keep key stakeholders abreast with any relevant information deemed important.
  • Manage all key relationships in support of internal and external group audits, provide feedback on any queries raised.
  • Support Financial Controllers and other areas of FC in managing and resolving issues in Accounting Control processes.

Accountability:
Process and operating model design

  • Act as the process architect for Group financial accounting and reporting, including taxation, recons, month end close.
  • Manage effective delivery of outputs to ensure high quality and efficient process,.
  • Work with process owners to unpack and redesign processes to obtain optimal efficiency in Accounting Control and Financial Control.
  • Enhance operating model for medium and long term requirements, in line with best practice.
  • Allocate tasks and responsibilities appropriately to ensure the correct skills are assigned to the correct task in support of efficiency and productivity of the process and operating design.
  • Oversee execution and review of AC processes
  • Support head of Accounting Control with strategic view for the function

Accountability:
Functional leadership and development

  • Lead a team of financial specialists to achieve excellent operational results through continuous people development and mentoring activities.
  • Ensure the development of a highperforming function through embedding formal Performance Development and informal coaching.
  • With the support from the HR Business Partner, interview and recruit direct reports. Second interview subsubordinates where necessary.
  • Approve leave requests for direct reports and ensure that the team manage the leave effectively.
  • Motivate employees in the department and ensure that their efforts are recognised.
  • Manage resource requirements and motivate additional requirements where needed.
  • Manage training requirements of team members

Knowledge and Skills:

  • IFRS, accounting and reporting
  • Coaching
  • SAP or similar ERP system
  • Problem solving
  • Interpersonal skills
  • Management and leadership

Education and Experience:

  • Honours/Mastersdegree in (Accounting) (NQF level 7);
  • CA SA;
  • Previous experience in leading a significant area within the Absa Group;
  • Minimum of 7 years' experience management of a large team.

Competencies:

  • Deciding and initiating action
  • Learning and researching
  • Entrepreneurial and commercial thinking
  • Relating and networking
  • Adapting and responding to change
  • Persuading and influencing
  • Creating and innovating
Education

Postgraduate Degrees and Professional Qualifications:
Financial Sciences (required)

  • Absa Bank Limited reserves the right not to make an appointment to the post as advertised_

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