Financial Reporting Manager at ABSA
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.
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Job Summary
Responsible for ensuring the financial reporting processes are conducted in accordance with both Local and Group accounting & Financial Control policy and regulatory requirements.
Job Description
Main accountabilities and approximate time split
- Implementing the Financial controls and processes to ensure the Bank is complying with all Group Accounting and Financial Control policies and in particular to account reconciliation.
- Manage communications with external auditors on external financial statements and accounting issues to ensure auditor agreement with company decisions on accounting disclosures, and issues
- Assist in the coordination of annual audit and quarterly review activities of external auditors and internal auditors as well.
- Support month end and year end closing
- Participate in other projects as required
- Implement and maintain reporting procedures to comply with internal control requirements
- Communicate and explain accounting issues and evolving accounting guidance to the management team and key business counterparties
- Prepare quarterly financial statements for publication as per BOT guidelines
- Supervise Account Ownership and Reconciliation process on monthly basis and ensure all GL have owners and reconciled monthly
- Prepare FD attestation and identify the Items at Risk and Balances not reconciled (BNR)
- Ensure that all the finance policies are up to date and reviewed and approved by the board of directors periodically
- Manage financial reporting systems (SAP, Brains, TM1) and make sure that systems are running up to date all the time.
- Ensuring that all processes and controls have been carried out to ensure the Finance Director is in a position to sign the formal FD attestation. Prepares the list of control issues and other tables which form the major part of the attestation.
- Monitoring the performance of controls bt reviewing them with the control owner or using the on line tool. Reports on exception s, issues and items at risk.
- Implementing any new policies ensuring existing controls are operating in accordance with the documented / mapped process. Represents the Financial Controller at meetings when required and will ensure any new policies or changes in policies are communicated within the Finance team.
- Assists in the preparation and submission of statutory accounts.
- Responsible for the elimination process including reviewing all mismatches and will chase the parties involved where material mismatches occur so that these can be understood and be explained. Provides coaching to the parties involved to ensure mismatches which are not due to timing differences don’t re-occur.
- Responsible for running the monthly Journals QA and Account Reconciliation QA processes, including selecting the sample, conducting the sample and collating the results for sign off by the Financial Controller.
Technical skills / Competencies
- Financial reporting experience
- Accounting experience
- Strong understanding of Bank Of Tanzania reporting principles
- Ability to manage large sets of data
- Strong analytical skills
- Interpersonal skills
- PC skills
- Ability to work to tight deadlines without compromising accuracy
Knowledge, Expertise and Experience
- Bachelor degree in accounting (Bcom Accounting), BAF, etc.)
- CPA/ACCA is must
- Team player
- Proactive
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Absa Values
Absa’s Values and Behaviors represent the set of standards which governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:
- Trust
- Resourceful
- Stewardship
- Inclusive
- Courage
Education
Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required)
