Specialist AC Process Executor - Accounting Control (AFS PCG

Johannesburg, Gauteng
Permanent
Full-time

7 days ago

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 Financial Control is responsible for ensuring that Absa Africa fulfils its financial, statutory and regulatory reporting requirements, while ensuring compliance with accounting, regulatory and balance sheet control policy. Financial Control comprises the following areas: Accounting Control, Reporting & Analytics, Risk Management and Governance, Technology Enablement, Cluster Control and Technical Accounting. Financial Control serves as the Group’s primary interface with the auditors and regulators.Accounting Control owns the processes that enables sustainable, accurate and timeous financial information in support of reporting to external and internal stakeholders. The individual will operate in the key processes in Accounting Control, in the Absa Financial Services – Product Control Group (AFS PCG).Job DescriptionKey responsibilitiesAccountability: Manage financial information completion processAct as a process executor for completion of financial information, including the accountability for the following key processes:

Journals and month-end close
Reconciliations
Completion of Supplementary information
Interdiv and Elimination
Tax
Accounting Functions

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

Cluster Financial Controller
Cluster CFO/BP&A team members
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 pro-actively 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

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

Accountability: Process Execution and Automation

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 activity-specific risks and work with Process Owner / Process Architect to mitigate risks.
Maintain awareness of own activities and the impact thereof on related / interdependent activities.

Accountability: Provide support to other process executors through motivation and employee engagement

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.

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 understanding and experience in implementing automated solutions
Basic knowledge of SQL will be beneficial
Demonstrated project management skills will be advantageous

Education and Experience Required

B degree/similar qualification in a financial/related discipline or CA(SA)
Non CA: 4-6 years relevant experience / CA : 1 to 4 years PQE experience
Business experience in a Banking environment gained from a Finance, Product

Experience in SAP and millennium

EducationBachelors Degree and Professional Qualifications: Business, Commerce and Management Studies (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

Absa

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