Senior Business Partner Alternative channels

Senior Business Partner Alternative Channels

Apply remote type: Hybrid

Locations: Johannesburg

Time type: Full time

Posted on: Posted 3 Days Ago

Time left to apply: End Date: January 6, 2025 (21 days left to apply)

Job requisition id: R-15970336

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

The purpose of the role will be focused on reporting of management information within Everyday Banking Financial Decision Support (FDS). This central team provides continuous decision support for Exco and senior management within Everyday Banking.

This role will manage monthly reporting processes and the end-to-end planning processes from forecasting thought leadership, to planning, monitoring and evaluation throughout the annual financial calendar. This includes focus on business analysis and insights to providing business intelligence to inform and influence leadership decisions, all while reducing financial risk. The incumbent is expected to optimise the process efficiency and improvement. It will further include commercial financial modelling.

The incumbent partners with the CFO and is responsible for end-to-end financial management, including developing forward-thinking analysis, generating management reports, statutory compliance, scaling automated financial processes to crafting financial strategies aligned to business financial health and growth objectives within his/her function of the BU, and ensures that business makes sound financial decisions.

Job Description

Commercial Finance Execution Accountabilities

1. Responsible for tactical strategy and the navigation of multiple/complex leadership relevant across his/her function of the BU.
2. Leveraging tactical and practice integration, accountable to optimise the function. Co-accountable with CFO and Executive Head for business growth and profitability.
3. Ensure that the CFO is appraised of key financial issues that need to be raised with executive leadership to enable integrity and timely management the BU.
4. Deliver on our Customer Promise by creating unprecedented, seamless experiences.
5. Embrace our distinctive brand aspiration and infuse in business.
6. Implementation and creating of global best operating practices.
7. Drive continuous process efficiency, financial rigor and controls. Pioneer and implement Finance best practices, digital solutions and effective change enablement. Build a scalable, digitally led business.
8. Drive cost management objectives for function within the BU.
9. Contribute to functional strategy, create a shared purpose and identity for function; one family doing what’s ‘best for Absa’.
10. Adopt an eco-system mandate: (geography, customer, channel and product) of business area.
11. Book of work contribution: Partner with leaders on financial decisions and implications of business strategies, investments, trade-offs, efficiency and scale initiatives, including process and systems transformation. Ensure alignment of core business with future business and technology changes and align vendor roadmaps to ensure the achievement thereof.
12. Accountable for ensuring an optimal and compliant control environment within business unit that appropriately balances risk appetites and customer demand with the need to grow to achieve the financial ambitions and balance sheet aspirations of Everyday Banking.
13. Lead all aspects of the core finance processes for Everyday Banking Finance (annual planning, forecasting, spend trajectory and reporting), and partner with the business leaders to evaluate the productivity of operations, enable wise resource allocation, and drive intelligent scenario planning.
14. Stimulate a leadership context of solid understanding of the markets/segments/customers/products to help drive financial growth, performs product and customer profitability analysis to assist with business decisions. Build capability to partner with business to identify opportunities to utilise relevant solutions to innovate new products and services with the intent of driving customer value and revenue.
15. Whenever necessary, participate in negotiations with partners as well as suppliers or contractors within appropriate role scope.
16. Foster strong relationships with business units by establishing a customer service culture within the commercial finance team.
17. Influence integration of Treasury, Risk, and Finance from a BU perspective.
18. Influence the build of a leading global payments hub, where applicable.
19. Maintain stewardship and excellence which drives performance and sustainable growth through preservation of financial integrity.

Financial Reporting Accountabilities

1. Partner with leaders to define, optimize and monitor progress on their strategic agenda, short-term and long-term plans and investments, operational success metrics, efficiencies, risks and mitigations.
2. Seek advanced modelling and analysis capability to provide actionable intelligence, beyond data within the function.
3. Develop finance narratives and insights driving business; and build pioneering new propositions.
4. Ensure appropriate, quality and timeous delivery of accurate financial and non-financial management information to support business objectives and expectations, including appropriate financial and non-financial metrics, valid and insightful comments and packaging the information in a relevant and appropriate manner.
5. Deliver reporting reflecting deep commercial, holistic understanding, coherency, clarity, and contextualisation. Tell the story with passion and conviction.
6. Provide thought-leadership, insight, influence and challenge on evolving stakeholder information requirements and reporting processes to deliver analytics.
7. Drive the stakeholder engagement and processes around month-end, year-end and planning cycles across Everyday Banking. Prepare for all cycles in advance and ensure adequate engagement with the relevant finance and BU teams.
8. Integrate the production of regular, high quality, standardised financial and non-financial reporting and analytics to Business and Finance.

People Investment Accountabilities

1. Coach, inspire, engage, mentor and develop finance and business savvy leaders.
2. Play to our A-Game culture of inclusivity, diversity, entrepreneurship, and ownership.
3. People Promise will be integral to our business. Focus on Finance skills development and succession.
4. Integrate Big Data and Advanced Analytics into the core of our business.
5. Develop specialised Finance skills to support mergers and acquisitions, and partnership capabilities to drive opportunity.
6. Provide thought leadership to the industry and aim to create industry benchmark standards.
7. Be an enabler of capabilities, talent and service level to fulfil business and functional responsibilities in an innovative efficient manner.
8. Lead the Finance team in obtaining a holistic view of Everyday Banking, whilst ensuring that each direct report maintains an in-depth understanding of his/her own functional area.
9. Regularly engage with the other finance and BU teams regarding the process surrounding demand management, ensuring that adequate controls are in place to ensure effective utilisation of the Finance team’s resources.
10. Embed the correct governance and control frameworks across the Finance team, as well as for proactively addressing any deficiencies and exceptions.
11. Build BU leadership capability by influencing deep understanding of income statement, balance sheet, margin returns, variance analysis, capital and liquidity requirements, revenues, assets, liabilities and capital, expenses, headcount analytics and other key ratios through relevant engagement. Hold BU managers accountable for ensuring adaptability of the team to changes in external regulatory requirements and business performance outlook.

Knowledge and skills:

• Experience in business transformation contexts related to exponential business growth.
• Experience in commercial innovation environments.
• Broad Finance including strategic, commercial, legal, risk and operational aspects.
• Ability to build, develop & lead professional level teams.
• Understanding of the financial services sector within a professional business environment.
• Knowledge of people change management.

Education

Minimum B-degree (NQF level no.7) Desired Post Graduate Degree (NQF level no.8+), CA (SA) or CIMA or MBA qualification preferred.

Role / Person Specification

• 5+ years professional financial management experience.

• 5+ years Banking Experience at a management level.

• Preferred team lead in Finance Function teams or in professional environments.

Education

Postgraduate Degrees and Professional Qualifications: Financial Sciences (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.

About Us

Absa Group Limited (“Absa Group”) is listed on the Johannesburg Stock Exchange and is one of Africa’s largest diversified financial services groups.

Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance.

Absa Group owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and Zambia and has insurance operations in Botswana, Kenya, Mozambique, South Africa and Zambia. Absa also has representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.