Executive Financial Decision Support

4 weeks ago


Sandton, South Africa Absa Bank Limited Full time

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 Senior Cost and Productivity Head will lead the Absa Regional Operations (ARO) cost management and productivity enhancement efforts. This role will focus on identifying and implementing cost-saving opportunities, improving business efficiency, and ensuring accurate cost attribution at product and business levels. Reporting to the ARO CFO, the role demands strategic thinking, analytical excellence, and project management capabilities to drive meaningful financial and operational outcomes.

This position represents a unique opportunity for a high-caliber individual to shape the financial and operational efficiency of the ARO business while contributing significantly to its strategic objectives.

Job Description

Cost Management
- Cost Savings & Execution:

- Identify cost-saving opportunities across ARO.
- Oversee the execution of cost-reduction initiatives to ensure delivery against targets.
- Collaborate with stakeholders to embed a cost-conscious culture.

Benchmarking & Insights:

- Conduct benchmarking exercises to identify areas of over
- and under-investment.
- Provide actionable insights and recommendations to improve financial performance.

Cost Planning & Forecasting:

- Lead the annual cost planning and forecasting processes.
- Develop robust cost models to support decision-making.

Cost Accounting & Analysis:

- Ensure accurate monthly cost accounting and variance analysis.
- Deliver insightful cost reports to support business decisions.

Productivity Management
- Productivity Program Oversight:

- Lead ARO’s productivity program to improve efficiency and profitability.
- Assess the commercial viability of proposed productivity initiatives.

Tracking & Reporting:

- Track the execution and commercial realization of approved productivity initiatives.
- Report regularly on the progress and impact of the program.

Budget Allocation:

- Allocate budgets effectively to maximize efficiency gains.

Cost Attribution & Allocation
- Cost to Do Business:

- Calculate and report the cost of doing business at a product and transaction level.
- Identify and measure key cost drivers.

Cost Allocation:

- Develop and implement cost allocation methodologies to distribute costs between business units and to product levels to enable franchise level profitability reporting.
- Provide insights into the financial impact of cost drivers

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



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