Finance Business Partner at Absa in Location not listed

Finance Business Partner Location: Capital City Building Branch 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. My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility. Job Summary To prepare financial information for all stakeholders of the business for informed decision making and to support the business. Job Description Business Performance Management: Time split 60% To monitor actual performance of ABSL against target, analyse variances, both on an entity and on a functional basis To provide country & functional financial management information to function heads, including commentaries on variances to ensure business functions are accountable for their performance. To respond to routine and ad hoc information requests from Finance Management/ Function head regarding business performance. To work on scenarios to produce reports that enable the quantification of impact of changes in economic variables (interest, exchange, inflation) on our performance To recommend actions to management on how to improve performance and cost reduction, where necessary. To support the business in the production of specific technical elements of Management Accounts including Regulatory & Statutory Reporting and the provision of core ongoing accounting operations, like monitoring the recharges, accrual process and General Ledger control. To provide an updated annual/half yearly/one-month forecast of performance against budget To help in any Finance related activities as and when directed by the Head of BP & A and FD. Decision Support: Time split 10% To help prodce the financial business case for investment projects in ABSL and to monitor benefits by gathering data and calculating costs, benefits and returns. To provide support and analysis on a range of technical issues in connection with the Financial and Management Accounts e.g. variance/trend analysis (actuals v budget) makeup of specific income, costs, assets, liabilities etc, and their key drivers, identify and raise management concern on areas of concern/ pressure points. Strategy & Planning: Time split 10% Undertake key elements of strategic management activity, involving the identification of how value is created, destroyed and driven in the function To take ownership of MTP/STP/RAF process. Support management in identifying areas of opportunities, threats, risks & challenges within Banking & competitor environment, by providing both financial & non-financial information. Financial Control Time split 15% To challenge plans to commit costs, identifying areas for cost efficiency and managing the delivery of benefits Participate/challenge on FTP, cost allocation and cost apportionment process and methodologies to ensure a fair distribution of economic benefits & costs across functions. Support audit process by reviewing audit schedules and liaise with auditors regarding performance & financial statements. Support finance management in initiatives for improvement in control within the dept by helping in DRCAs and Process Map reviews. Staff Management Time split 5% Develop financial skills and business knowledge of Finance Analysts through coaching and on-the-job training. Keep up to date with changes in financial environment and standards by attending training sessions, workshops and conferences. Education Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required)