Absa Bank Limited is Currently Opening Job Vacancies as Specialist AC Process Executor – Apply Now

Hybrid

locations - Johannesburg

time type - Full time

posted on - Posted Today

job requisition id - R-15976828

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

  • 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).
  • 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.

Job Description

Key Accountabilities

  • Act as a process executor for completion of financial information, including the accountability for the following key processes:
  • Accountability: Manage financial information completion process (40%)

    1. Completion of Supplementary information
    2. Accounting Functions
    3. Reconciliations
    4. Interdiv and Elimination
    5. Journals and month-end close
    6. Tax

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

      1. Cluster CFO/BP&A team members
      2. Cluster Financial Controller
      3. Other Financial Control functions

      •  Maintain and enhance processes
      • 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 as the process executor for implementation of new standardised processes where relevant.
      • Act pro-actively in correcting issues and implement a sustainable process.
      • Support SME on obtaining TAG opinions and ad hoc queries on accounting issues.
      • Ensure that principles of the Financial Control Operating Model are complied with and sustained.

        1. Identify synergies between different reporting processes and implement new and or enhanced processes
        2. 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

        Accountability: Process Execution and Automation (40%)

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

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

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

        Role/Person Specification

        Knowledge & Skills

        • Ability to write concise effective reports (Expert)
        • Good understanding and experience in implementing automated solutions
        • Demonstrated project management skills will be advantageous
        • Understanding of financial reporting processes and related controls (Expert)
        • Ability to analyse and interpret financial data (Expert)
        • Advanced excel skills to contribute to the team
        • Ability to identify control gaps and weaknesses (Expert)
        • Basic knowledge of SQL will be beneficial
        • Exceptional academic track record

        Education and experience 

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

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        About You:

        Qualifications, Skills and Experience:

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

        Education

        • 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.
        • 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

        Important

        Don't miss this opportunity to start your career at Specialist AC Process Executor – AFS PCG!

        Interested and qualified candidates can apply through the following application link.

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