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Standard Bank and Trust Co. Jobs in South Africa : Junior Manager, Reporting and Finance

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Standard Bank and Trust Co. Jobs in South Africa : Junior Manager, Reporting and Finance

  • Company: Standard Bank and Trust Co.
  • Location: Vosloorus, Gauteng, South Africa
  • State: Gauteng Jobs
  • Job type: Full-Time
  • Job category: Administrative/Secretarial Jobs in South Africa
Finance: budgeting and forecasting, creating interim and annual financial statements, facilitating internal mergers and acquisitions, as well as dealing with analysts and investors.
Job Purpose
To provide full financial management services to various areas in the Bank. To engage and lead the development and implementation of processes, systems and controls in the Reporting and Finance area
This role will include the delivery of reporting relating to all aspects of the Income Statement, Balance Sheet and any other non-financial information (including volumetric, headcount and any other pertinent information) which addresses Business Units, Clients and Sectors. This will be achieved through the production of high quality, high impact business reports to agreed standards, formats and timelines.
Key Responsibilities/Accountabilities
Execute on all finance and reporting aspects relating to actuals, budgeting, revised estimates and forecast processes
  • Deliver in accordance with the priorities as set by the Manager to achieve the objectives of the team
  • Acquire a detailed understanding and knowledge of the individual areas which need to be aggregated to ensure data accuracy and integrity
  • Understand the data and articulate it in a manner that fosters an understanding of the business at all levels within the area
  • Understand the key sources of data origination within the area
  • Ensure that all relevant data is obtained to agreed timeframes and stored in a controlled and secured environment
  • Extract, aggregate and review relevant data to represent a consolidated area view to the agreed timetables, standards and requirements
  • Obtain analysis and commentary that accurately addresses requirements as agreed by the team which highlights material variances against budget, plans and forecasts
  • Prepare management packs in a timely manner for review which will be discussed in the area’s Manco meetings
  • Preparation of financial information on a timely basis to stakeholders, including volumetric, headcount and any other pertinent information
  • Understand the cost and recovery dynamics of the area and how it impacts relevant stakeholders and ensure that operational effectiveness is achieved through continuous monitoring of adherence to internal processes pertaining to cost and recovery
  • Compile, design and collate the financial forecasts and use insights gleaned from the data to make possible suggestions which will contribute to the overall financial forecast
  • Support Business and Finance partners and promote standardisation, best practice and adhere to existing Group Finance policies across the area
  • Liaise with stakeholders and guide financial managers to ensure timelines are adhered too
  • Ensure all financial information submitted for review is complete, accurate and valid
  • Plan and co-ordinate ad hoc requests with Financial Managers and/or stakeholders in a timeous and accurate manner
  • Engage collaboratively with the Financial Managers to prepare and implement projects across the area where new temporary requirements emerge or projects are required to execute changes in people, processes or technology
  • Ensure all reporting is produced according to agreed requirements in standardised formats driving efficient and effective decision making by the area’s Manco
  • Ensure that the reports are prepared at the required frequency and distributed to the Manager
  • Regularly engage with the Finance Managers to identify areas in which further insight or analysis is required.
Conduct financial management activities
  • Prepare for review of Financial Statements and commentary to relevant stakeholders
  • Adhere to sound financial principles in carrying out responsibilities
  • Assume responsibility for Finance work streams within various project committees and ensure all Finance impacts have been considered & implemented within deadline Analyse and explain the impact of business activities on total costs
  • Review, approve and understand substantiation of monthly balance sheet reconciliations
  • Implement and Manage Monthly Financial Reporting and prepare commentary
  • Maintain key financial controls over the monitoring and reporting of trial balance
  • Complete analytical investigations on a continuous basis as well as ad hoc projects
  • Adhere to all existing policies & procedures and sharing these across the area to promote standardisation & best practice and adherence to existing policies
  • Prepare in timely manner and review management accounts
  • Ensure Service Level Agreements are in place internally to the Finance function as well as with the business being supported
  • Report monthly results on a timeous basis, in an accepted manner to Group Finance & business.
Provide support and insight to stakeholders
  • Implement and coordinate Budget and Revised Estimate Processes
  • Engage and develop strong relationships with multiple stakeholders at varying levels of responsibility
  • Obtain an understanding of the finance and business environment to add value to Financial Managers, Business Partners and the Reporting team
  • Influence stakeholders by challenging the status quo and providing innovative ideas
  • Manage stakeholder expectations appropriately within the agreed timetables, standards and requirements
  • Ensure effective change management of all Finance led initiatives into Business, with the relevant business stakeholders
  • Participate in the effective change management of all finance led initiatives into business, with the relevant stakeholders.

Also Read:  Unilever Jobs in South Africa : Finance Manager- KwaZulu-Natal Jobs 2018

Direct, monitor, manage and support the team in delivering on agreed performance and strategic goals
  • Direct, monitor and support the greater team/ stakeholders in delivering agreed performance goals
  • Drive own development plans
  • Contribute, participate and steer financial managers in the area in terms of departmental goals
  • Ensure that business continuity plans are in place for the role
  • Work positively and communicate professionally at all times.

Monitor risk and ensure compliance
  • Adhere to the group guidelines and policies around financial management and financial control
  • Ensure that when risk issues are identified they are reported timeously to all relevant stakeholders
  • Ensure reputational and / or business risk is managed appropriately
  • Ensure that mandatory compliance training is completed
  • Continuously adhere to all existing policies and procedures and share these with the financial managers in the area
  • Comply with compliance regulatory frameworks for all finance activities.
  • Partner with Compliance to ensure that all financial management activities are compliant with regulatory frameworks
  • Improve procedures continuously and adhere to existing policies and share these across the area to promote standardisation & best practice.
Transfer Recovery Cycle
  • Review and implement the Transfer Recovery cycles and methodology and ensure total recoverable costs are recovered from the service recipients.
Preferred Qualification and Experience
  • Degree in Finance / B Commerce
  • B Commerce with Honours
  • CIMA
  • CA (SA)
  • 1-2 years Post Articles / Post Honours Financial Accounting
  • 3-4 Years Financial Accounting
Knowledge/Technical Skills/Expertise
Financial and Accounting Control
Is able to design control measures and checks in accounting and financial processing activities to mitigate risks of errors, omissions and fraud.

Effective Business Communication

The ability to communicate information and ideas in a clear and concise manner appropriate for the audience in order to explain, persuade, convince and influence others to achieve the desired outcomes.

Interpreting Financial Statements

The ability to interpret financial reports, measure performance and execute key ratio analyses.

Management Accounting

The ability to prepare financial reports of costs, cash flows,
revenues and related items to inform management decision making.

Financial Management

Skills and knowledge to advise managers and decision makers on financial processes, control measures, budgets and financial performance.

Financial Acumen

Knowledge and understanding of costing, budgeting and finance concepts and the understanding and application of related processes and procedures.

Financial Consolidation

The ability to consolidate financial statements between multiple legal entities across multiple geographies.

Financial Analysis

An in depth, experiential understanding of more advanced analyses and the way in which financial ratios, trends, business and value drivers interact.
Transfer pricing
Understanding and application of the process of assigning costs and revenues across multiple units, multiple legal entities and multiple geographies.

How to Apply

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