Job Summary

The Head of Schemes Reporting will play a pivotal role to support the Everyday Banking cluster in the financial reporting of scheme costs. They will provide comprehensive financial and business reporting, along with schemes finance analytical support to various departments within the clusters. This position will be instrumental in providing commercial insights, financial reporting, fees analysis, and project support for the business, focusing on scheme fee analysis for the Schemes.

Job Description

Financial Reporting:

• Prepare scheme financial reporting and oversee the month end process by the team, ensuring accuracy in the financials reported to business.
• Provide schemes data analytics, insights and commercialization of the Scheme contracts to increase cost and operational efficiency.
• Prepare cost reduction and management strategies.
• Present monthly reports by ensuring the completeness, accuracy, and relevance of the information to enable Group Finance Management Team to make informed decisions.
• Oversee the preparation, sign off of 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 approval by the Heads of Finance clusters.
• Monthly risk reporting based on the scheme outlooks prepared.
• Interchange Reporting and Analysis: Prepare interchange monthly reporting and analysis categorized by product type, international vs domestic and identify business opportunities.
• Management and optimization of the scheme contracts, to ensure that optimal benefit is derived from the contracts in place.

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.
• Project Support: Provide Schemes financial analysis support for new business initiatives.
• Provide scheme insights and support for pricing strategies within the business.

Financial Control and Compliance:

• Sign off on the scheme quarterly reporting to the 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 to ensure compliance 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 with to share financial performance.

Executive Administration:

• Prepare the key themes, presentations and reviews for the Senior Finance Stakeholders and assist with detailed content when required.

Education

Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)