Senior Finance Manager: Payments and Setlements

Senior Finance Manager: Payments and Settlements

Senior Finance Manager: Payments and Settlements

Apply locations Johannesburg time type Full time posted on Posted Yesterday time left to apply End Date: March 17, 2025 (7 days left to apply) job requisition id R-15972798

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

To develop tactical strategy and delivery plans, formulate associated practice and to ensure operational implementation and adoption across a single practice in terms of Finance methodology, governance and delivery objectives.

Job Description

Financial Reporting:

• Prepare financial reports, both management and ad-hoc, by coordinating the execution of the day-to-day and general accounting functions in order to enable decision-making.
• Present monthly reports by ensuring the completeness, accuracy and relevance of the information to be presented to enable Group Finance Management Team to make informed decisions.
• Prepare, sign off and discuss the short-term plan (STP), medium-term plan (MTP) and rolling forecast (RAF) and budgets with the relevant stakeholders to enable consolidation into Finance forecast and budget. Work with the team to consolidate the financial plans generated by MTP, STP and RAF and sense check the consolidations prior to recommending for approval by the Head of Group Finance.

Advisory Support:

• Provide advice and support to management on financial risks that might have an impact on profitability by discussing at regular intervals all financial related matters.

Financial Control and Compliance:

• Sign off on the quarterly supplementary schedules and attestation to Group Finance prepared by the relevant staff in the prescribed format.
• Maintain appropriate internal controls in line with Absa group policy by reviewing regularly all variance reports and other reports where applicable. Interact with the Internal and External Audit team and provide necessary information as and when required. Ensure cost centre Managers comply with all regulations and policies when reflecting the financial position of the business.

Stakeholder Management:

• Communicate financial policies, procedures, standards and guidelines to the Senior Business Manager and Group Finance Management Team.
• Support projects by developing the financial component of the business case that is created by the management team to actively track and change benefits and costs of the project. Provide strong support to the operational team by having regular meetings to share financial performance.

Executive Administration:

• Prepare the key themes, presentations and reviews for the Senior Business Manager and assist with detailed content when required. Ensure that presentations are packaged to reflect the business unit's brand and the Senior Business Manager’s preferred style.
• Screen requests for meetings or events to be attended by the Senior Business Manager and determine which ones would be appropriate for personal attendance and which ones should be delegated to other managers in the business unit.
• Sign off proposals, quotes, invoices etc. based on the mandate delegated by the Senior Business Manager.

Qualifications:

• Chartered Accountant with more than 3 years post qualification experience.
• Product system knowledge, especially, cheque and savings chassis is required; banking experience is required.
• Very strong auditing, financial control, product control background is required.

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.