Key Accountabilities

1.Understand Absa Groups Financial Reporting processes, systems, controls, policies, and frameworks (5%)

• Develop an appropriate knowledge of the financial reporting systems and processes that operate across businesses within Absa
• Develop a working understanding of Absa’s Financial Reporting policies and risk management frameworks and the measurement of risk criteria.
• Maintain action trackers that form the basis for discussions and meetings.

2. Coordination of processes that supports External Financial Reporting Risk (FRR) and other MI (80%)

• Execution of processes as designed
• Execute on a robust FRR Governance process, including the consolidation of information and the production of management information for review by process owners
• Support the larger team in their monthly processes as well as other Financial Reporting risk processes. This includes production of statistics and other reports, maintenance of required static data.
• Support the monthly processes by providing data and reports that supports Financial Reporting Risk Management
• Coordination of Risk and Control Information and other control monitoring processes
• Scheduling of meetings and documentation of actions
• Perform user acceptance testing to systems where it impacts the reporting of FRR.

3. Provide inputs and execution of quality control and process improvements (15%)

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

Role/Person Specification

Knowledge and Skills

• Demonstrated basic accounting or financial reporting skills
• Understanding of basic financial reporting processes and related controls
• Ability to understand financial data
• Written communication skills
• Report writing skills and ability to summarise and highlight key points
• Intermediate MS Excel skills
• Intermediate MS PowerPoint skills

Education and Experience

• National Diploma in Finance/ Commercial Qualification;
• B degree / similar qualification in financial or related discipline; (Preferable)
• Approximately 1 to 3 years’ experience in finance, preferably in a financial institution
• Basic accounting or financial reporting skills / experience and understanding of trial balance and general ledger

Competencies

• Deciding and initiating action within ambit of responsibility
• Problem solving within ambit of responsibility
• Relating and networking
• Adapting and responding to change

Education

Further Education and Training Certificate (FETC): Financial Sciences (Required)