Specialist Ac Process Executor

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

Specialist AC Process Executor for Insurance ARO entities |

Stakeholder Management:
Build and Maintain effective Relationships with relevant stakeholders |

People Management:
Develop a high performing Team | Risk and Control: Adherence to Policies, Procedures and Regulations.

Job Description:

Accountability:
Manage financial information completion process (60%)

  • Act as a process executor for completion of financial information, including the accountability for the following key processes:
o Journals and month-end close

o Reconciliation

o Completion of Supplementary information

o Interdiv and Elimination

o Tax

o Accounting Functions

  • Support to Subject Matter Expert (SME) on processes, resolution of issues and ad hoc requests from stakeholders including:
o Cluster Financial Controller

o Cluster CFO/BP&A team members

o Other Financial Control functions

  • Support SME on obtaining TAG opinions and ad hoc queries on accounting issues;
  • Act as the process executor for implementation of new standardised processes where relevant;
  • Provide feedback to stakeholders on results reflected in the financial accounting system, as well as issues identified where there are potential risks to numbers;
  • Act proactively in correcting issues and implement a sustainable process;
  • Ensure that principles of the Financial Control Operating Model are complied with and sustained.
  • Maintain and enhance processes


o Identify areas of improvement in completion, review and or submission processes to drive and implement a sustainable and effective process in support of quality and accuracy.

o Identify synergies between different reporting processes and implement new and or enhanced processes.

Accountability:
Provide support to other process executors through motivation and employee engagement (20%)

  • Understanding and managing team dynamics to maximize performance;
  • Escalate issues around allocation of resources to process architects tasks to ensure delivery of team objectives;
  • Ensure continued development of resources, through coaching and mentoring, to empower value added delivery of tasks.

Accountability:
Process Execution (20%)

  • Execution of processes as designed;
  • Constantly review, improve and maintain own activities to enhance the effectiveness and efficiency of processes;
  • Recommend areas for improvement in order to reduce cycle times, improve productivity, create capacity and improve process reliability and customer satisfaction;
  • Assist in the implementation of new and/or enhanced processes;
  • Identify activityspecific risks and work with Process Owner / Process Architect to mitigate risks;
  • Maintain awareness of own activities and the impact thereof on related / interdependent activities.

Knowledge & Skills:

  • Exceptional academic track record;
  • Understanding of financial reporting processes and related controls (Expert);
  • Ability to identify control gaps and weaknesses (Expert);
  • Ability to analyse and interpret financial data (Expert);
  • Ability to write concise effective reports (Expert);
  • Advanced excel skills to contribute to the team;
  • Good Communication Skills;
  • Good understanding and experience in implementing automated solutions;
  • Technical knowledge around IFRS 9 and accounting standards relevant to the banking industry will be beneficial.

Education and Experience Required:

  • B degree/similar qualification in a financial/related discipline or CA(SA);
  • Non CA: 46 years relevant experience /

CA :
1 to 2 years PQE experience;

  • Business experience in a Banking environment gained from a Finance, Product.

Competencies:

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

Bachelor's Degrees and Advanced Diplomas:
Financial Sciences (required)

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

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