Financial Reporting Analyst at Standard Bank · Douglas

companyDescription
Standard Bank Offshore is the offshore arm of the Standard Bank Group, a leading Africa focused financial services group, and an innovative player on the global stage. Our international Banking, Lending, Investment, Fiduciary and Wealth Management services offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals.
Our clients range from individuals to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa and SBO is perfectly positioned to support the growth of our organisation from our office in the Isle of Man, Jersey, London, MAUs and South Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.
jobDescription
To support the production of regular reporting & requested insights & analytics to enable the Financial Insights Leads, Head of Reporting & Control & businesses in delivering their strategic objectives. Delivery of reporting relating to all aspects of profit & loss and balance sheet to address Business Units, Client, Sector, Region & Legal Entity. This will be achieved through the production of high quality, high impact business reports to agreed standards, formats & timelines.
qualifications
Minimum Qualification:
Post Graduate Degree in Finance and Accounting
Experience Required :
5 - 7 years experience in Finance & Value Management
Experience in producing high quality regular reporting and additional analysis which will include the provision of insight via commentary. This will have allowed the individual to have a deep understanding of key drivers which influence typical management decisions, specifically within the banking or similar industry.
Experience within the Financial/Statutory accounting field will have enabled the individual to have a good understanding of the accounting requirements for the functions various types of transactions (Including costs, revenue, balance sheet and liquidity). This will allow the individual to have a broader understanding of relationships between the aforementioned transactions and other items on the Balance Sheet/Income Statement which will enhance the depth of analytical reporting
Key Outputs :
Attend to the amendment of irregularities found during the audit or risk monitoring process to ensure sufficient controls and standards are implemented and upheld
Conduct analytical reviews of the data obtained to predetermined materiality & metrics,. Highlight material variances against budgets, plans and forecasts, and obtain analysis and commentary. Identify exceptions in extraction, aggregation and analytical review process for evaluation at regular feedback sessions
Develop commentary that accurately addresses requirements as agreed between the Finance Insights Leads and the Reporting & Control team. Ensure that commentary and insights provided align with the actual data reported on to improve credibility relating to data and commentary. Regularly engage with Reporting & Control Managers to identify areas in which further insight or analysis is required. Ensure all reporting is produced according to agreed requirements in standardised formats
Ensure that the correct reporting templates are utilised in the delivery of Financial Insights & Analytics reporting. Identify areas in which standardised templates can be refined to improve clarity and effectiveness of message. Utilise consistent pre-determined materiality in the determination of focus on the level of depth of reporting required. Ensure that all reporting insights and analytics can be tailored to produce a consolidated CIB view.
Focus on cost processes through production of cost reports that address Business Unit, Client, Sector, Region & Legal Entity. Perform cost allocations as per the Reporting & Control process
#SBO
additionalInformation
Behavioural Competencies:
Meeting Timescales
Checking Things
Documenting Facts
Examining Information
Interpreting Data
Managing Tasks
Technical Competencies:
Data Management (Administration)
Interpreting Financial Statements
Management Accounting
Quality Assurance
Reconciling Financial Records
Written Communication
#SBO