Job Summary
To coordinate, plan &
deliver day-to-day team tasks & activities in order to execute finance
transactions accurately & timeously in support of org. policy compliance
through the execution of predefined objectives as per agreed SOPs.
Finance Business Partner, AAML
Job Purpose:
Reporting to the Head of
Finance RBB, this role is responsible for several processing functions of Absa
Asset Management Limited with particular emphasis on accounting, reporting,
planning and reconciliations for Absa Asset Management Limited.
The jobholder is required
to work in a specialist area, under tight operating controls.
Key Accountabilities
Assurance, Risk, Financial reporting, and Controls – 50%
- With
oversight from the RBB Head of Finance perform the accounting role for
Absa Asset Management Limited
- To
manage the balance sheet and the profit and loss account of AAML and
provide monthly management and statutory accounts
- Ensure
proper accounting and reporting of both revenue and expenditure items
- Prepare
and submit accurate regulatory returns and reports on time as per relevant
statutory authority timelines.
- To
oversee Absa asset management operations for review of adequate controls
and to ensure accuracy of processed transactions and balance
reconciliations
- Identify
cost drivers and recommend cost control / management initiatives within
AAML.
- To
take lead in supporting internal and external audit process of AAML to
deliver an appropriate control and compliant environment.
- Recommend
changes to procedures and improve the process environment (through direct
management)
- Perform
revenue assurance reviews to identify risks and opportunities
- Document
all procedures with respect to finance partnering AAML processes including
Critical Process Assessments (CPA)
- Perform
credit control procedures by ensuring that all outstanding debtors and
creditor are current and ensure compliance with agreed payment timelines.
Finance Decision Support – 40%
- To
help review and challenge the financial business case for all investment
projects undertaken by the business and to monitor benefits by gathering
data and calculating costs, benefits and returns.
- Prepare
annual budgets for AAML and monthly forecasts including flash projections
and compare actuals to plan
- Provide
trusted financial analysis on a wide range of complex technical/business
issues in connection with jobholder’s area of responsibility, e.g.,
variances, trend, impact of change initiatives, impact of new accounting
regulations and how to account for new products approval process (NPA).
- To
review business performance and provide insightful knowledge of the
business drivers through robust and challenging analysis.
- To
provide support and analysis on a range of technical issues in connection
with the Financial and Management Accounts e.g., variance/trend analysis
(actuals v budget) makeup of specific costs etc.
- Be
up to date on all regulatory changes and can articulate the impact to the
business. Well informed on current industry thinking.
- Coordinate
activities with the Chief Data Office to provide business with key
performance metrics including dashboards and scorecards on a daily basis
- To
develop and report financial and other performance measures (metrics)
required by the business e.g., the Monthly Business review Pack, Board
papers, Country Management Pack
Strategy & Planning – 5%
- Undertake
key elements of strategic management activity, involving the
identification of how value is created, destroyed, and driven in the
function.
- To
support the business in its MTP/STP strategy processes
People Management – 5%
- Take
responsibility for personal performance development, training and career
development plans and ensure they are relevant and progressed.
- Actively
contribute to both immediate team and relevant customer contacts.
Personal Attributes:
Attitude:
Willingness to learn, positive “can do” approach and strong work ethic showing
willingness to support team members in managing peaks and troughs in workload
- Interpersonal
Skills: Open, collaborative approach to teamwork and ability to
build network / relationships within the business. Should have
confidence to communicate findings (including bad news) to stakeholders
- Communication:
Strong written and verbal communication skills. ability to
communicate complex financial analysis to non-financial stakeholders
- Flexibility:
ability to work across different teams and to pick up new skills quickly
Experience and Qualifications
- University
degree in Business with specialization in Finance and/or Accounting
- Professional
Qualification (CPA or ACCA)
- Additional
desirable qualification-ICIFA, CISI
- Asset
Management industry experience
- Investment
and wealth management experience
- Experience
in working in a financially focused role.
Knowledge Experience and Expertise
- Detailed
knowledge of financial modeling using advanced Excel functionality.
- Knowledge
and skills on power point presentations
- An
ability to acquire skills quickly to interrogate systems, e.g., SAP, TM1
- Good
communication skills, particularly the ability to analyze and summarize
large amounts of data and present in a concise and readily understood
format.
- Good
understanding of business strategic objectives and the value drivers of
business products and markets.
- Good
understanding of key banking account lines and drivers (Income, staff
costs, recharges, depreciation, impairments etc.)
Education
Higher Diplomas: Financial
Sciences (Required)
How to Apply
***Application Deadline –
15th Dec 2022***