Absa – Finance

To apply, click on the link at the end of the posts and all the best with your applications.

Regulatory Reporting Manager

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 SummaryThe Regulatory Reporting Manager will play a pivotal role in ensuring the accuracy, integrity and timeliness of all regulatory reporting submissions for Absa Bank Botswana. The role entails overseeing the preparation and submission of reports to regulatory authorities, maintain up-to-date knowledge of regulatory requirements and implementing best practice for risk management and compliance.

Job Description

Main accountabilities

• Ensure all regulatory reporting is accurate, complete and submitted within deadlines.
• Stay updated
• Stay updated with regulatory requirements and assess their impact on the bank’s reporting processes.
• Collect, validate, and analyze financial data from various departments to ensure accurate regulatory reporting.
• Implement and maintain robust data management systems to support regulatory reporting requirements.
• Prepare and review regulatory reports, including capital adequacy, liquidity coverage, and leverage ratio reports.
• Ensure reports comply with local and international regulatory standards (e.g., Basel III, IFRS, Bank of Botswana).
• Identify and assess potential risks related to regulatory reporting.
• Develop and implement controls to mitigate identified risks and ensure data integrity.
• Work closely with internal departments (e.g., Finance, Risk, Compliance) to gather necessary data and ensure accurate reporting.
•  Communicate effectively with external auditors, regulators, and other stakeholders.
• Continuously review and enhance regulatory reporting processes to improve efficiency and accuracy.
• Implement best practices and industry standards to streamline reporting workflows.
• Provide training and guidance to team members on regulatory reporting requirements and best practices.
• Stay updated with industry trends and developments to enhance knowledge and skills.
• Support internal and external audits by providing requested information and documentation.
• Focal point for regulatory affairs to ensure one stop point for all external and internal critical stakeholder reporting e.g Absa Group, External/Internal auditors, regulators and listing requirements.
• Address audit findings and implement corrective actions to improve reporting processes.
• Be a proactive member of the senior functional management team committed to achieving success through each other and providing support for team colleagues.
• Keep abreast of current developments in the banking industry including micro and macro environmental factors and trends.

Education and experience required

Experienced Chartered Accountant (CA) with 5-10 years of expertise, possessing a deep understanding of regulatory requirements, including Basel II and Basel III. Knowledge of South African Regulatory reporting requirements will be an added advantage.

EducationBachelor’s Degree: Accounting (Required)

Accounts Payable Officer

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 SummaryThe Account Payable and Cost Manager will be responsible for overseeing the accounts payable process and managing the cost control function within Absa Bank. The role involves ensuring timely and accurate processing of invoices, managing vendor relationships and implementing cost-saving strategies.

Job Description

Main accountabilities

• Oversee the accurate and timely processing of invoices from vendors and suppliers.
• Manage preparation and disbursement of payments, ensuring alignment with payment terms and Absa’s policies.
• Prepare and monitor accounts payable reports, including aging reports, payment status, and expense analysis.
• Provide insights to support financial decision-making and budgeting.
• Coordinate with the treasury team to align payment schedules with cash flow needs.
• Collaborate with departments to monitor expenses, analyze financial data, and offer insights.
• Identify and assess risks in payables reporting, implementing strategies to mitigate them.
• Suggest and implement cost-saving initiatives.
• Develop and maintain controls to ensure data integrity and reduce risk.
• Continuously enhance accounts payable processes to boost efficiency, accuracy, and leverage technology for workflow improvements.
• Stay informed of industry trends to maintain best practices.
• Support internal and external audits, addressing findings and implementing corrective actions.
• Be a proactive team player in accounts payable, fostering success and collaboration within the team.
• Remain knowledgeable on banking industry trends, including microfinance and environmental factors.

Education and experience required

Bachelor’s degree in accounting/finance/Banking and Finance with 5 years of expertise, possessing a deep understanding of cost management and extensive experience within financial services institutions.

EducationBachelor’s Degree: Accounting

Senior MI Performance Analysis Accountant

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 SummaryThe role for a Senior MI Performance analysis accountant is open in the Treasury team. The role will provide support to the Business Performance & Analytics team, compiling management information reports and sourcing of information. Essential experience to this role involves knowledge of BP&A, Treasury and Financial Resource Management activities. This team is responsible for the overall financial planning and reporting across Treasury SA (preparation and review of forecasts and short and medium term budgets), reporting on actual results with full variance analysis; as well as financial support to Treasury’s FRM activities.

Job Description

Key Accountabilities

BP&A operations and financial support for FRM committees

Business Performance & Analytics

• Production of budgets, targets and financial plans
• Financial scenario analysis and stress testing
• Gathering financial information and creating insightful analysis to inform management decisions
• Compiling monthly management reports

Balance Sheet Management support:

• Margin analysis with specific understanding of FTP drivers: base rate, PLF factors, LP rates, incentives
• Calculation of Risk adjusted performance measurements: PARCC, RoRC, EP, etc.
• Analysis of RWA intensities and major drivers of various products and BS items
• Analysis of Liquidity, Funding and Capital consequence of FLM strategies

Competitor analysis

Interaction with Key stakeholders including:

• Group Treasury Business heads (Capital, ALM, FLM, FSTI)
• Group BP&A
• Cluster BP&A
• Business Finance Partners and executives

People Management:

• Together with Head: BP&A and FTP/ALM coverage, determine people management strategy for the area
• Development and informal coaching of team members
• Deliver work that is of a high quality.
• Continuous communication with your manager and team members.
• Ensure your goals are aligned to those of your team and manager.

Role/Person Specification

Education and Experience Required

• Qualifications preferred – Bcom Accounts, CIMA/CFA/CA
• Preferred 3-5yrs financial reporting experience.

Knowledge & Skills:

Essential

• Report Writing Level: Do and Instruct
• Analysis Level: Do without Supervision
• Financial Management Level: Do without Supervision
• Negotiation skills Level: Do without Supervision
• MS Office Advanced Level: Do without Supervision
• Stakeholder Management Level: Do without Supervision
• Communication – Written & Verbal Level: Do without Supervision

Preferred

• Compass (Financial Planning System) Level: Do without Supervision
• SAP: Do without Supervision
• Front arena: do without supervision

Competencies: 

• Leading and supervising
• Analysing, Relating and networking
• Coping with pressure and setbacks
• Presenting and communicating information
• Planning and organising
• Persuading and influencing
• Writing and reporting

EducationPostgraduate 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

Finance Specialist: Incentives & Human Capital Control and Reporting Manager

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 SummaryThe Reporting and Cost Management team, a sub-team within Group FP&A, is responsible for:
• overall financial Reporting across Absa Group (monthly, quarterly, half yearly and annual)
• support the planning and financial control teams with half year and year end booklets
• managing the end to end of the Group Balanced Scorecard (from initiation to reporting on the results as they emerge).
• perform frequent ad hoc analysis and research, often related to presentations to Exco, the Board and other sub committees of the Board
• Supporting Exco, REMCO and the Board on STI and LTI planning, forecasting and reporting

This role supports the preparation of these key deliverables and provides analysis and inputs into these processes.

Job Description

Accountability: Assist the team in team executing the following deliverables to Exco and other members of senior management:

The Finance Specialist: Incentives & Human Capital Control is responsible for reporting and advising on all finance‐related aspects of Group incentives, with a particular responsibility for the accounting and control of Group-wide share-based payments and Group FTE management.

Job Description

• Providing financial insights on Group-wide incentives to key management committees including but not limited to Group Exco and the Group RemCo in support of appropriate and effective decision-making.
• Developing and running financial models in support of both short term and long term incentive decisions for the organisation.
• Sharing of technical knowledge within Human Capital Control and the broader Finance team both central and in-business.
• Ensuring that established controls are adhered to, to address applicable risks and enable accurate accounting and reporting of Group-wide share-based payments and headcount, both internally and externally to the market.
• Ensuring the completeness and accuracy of the forecasting and budgeting for Group-wide share based payments and other incentive costs.
• Production of monthly management information for incentive costs and headcount trends for comparison against forecast/budgeting data with articulated reasons for variances in support of decision-making.
• Monitoring and reporting of incentive trends in the industry in support of internal financial insights and decisions.
• Continuously seeking to improve existing processes and build efficiencies and effectiveness.
• Assist Internal and External audit requests.

Other areas of responsibility

• Maintain and coordinate the Balanced Scorecard reporting processes for the Group.
• Coordinate the preparations of Emerging Views during the financial year.
• Coordinate the preparations of the final BSCs for the group at the end of the financial year. Coordinating the performance of Organisational Health Assessments for Group, BUs and Functions.
• Participate in the month end reporting process starting with Flash reporting till Exco report and (GACC and Board when required)
• Prepare financial reports, including monthly, quarterly, and annual financial statements, to executive leadership.
• Analyse financial performance, identify trends, and provide actionable insights to senior management
• Assist the Planning team with Outlook/RAF and STP processes as required
• Support the planning and Financial Control teams with half year and year end booklets and the integrated reporting processes
• Lead on other ad hoc projects as is required
• Attend meetings to get briefing on work allocations to understand and complete their tasks to achieve team

Accountability: Ad-hoc requirements/submissions

• Execute ad-hoc queries daily that are dependent on external and internal requirements and vary considerably throughout the year
• Attend meetings as is required

Accountability: Cluster Relationship Manager (CRM) roles

• Communicate with BUs and Functions and relay critical information and requests.

Perform all other duties as reasonably assigned.

People Investment Accountabilities

• Peer responsibility: Engage and develop finance and business savvy leaders.
• Play to our A-Game culture of culture of inclusivity, diversity, entrepreneurship, and ownership.
• Network with finance colleagues across Group Finance and create awareness of challenges, opportunities and issues and encourage collaboration
• Focus on Finance skills evolution and remaining relevant.
• Maintaining and strengthening relationships with key stakeholders across the organisation, e.g. People Function, (including People Experience), Finance Business Partners, COO’s and CFO’s.

Role/Person Specification

Qualifications and experience:

• B Com degree with Honours or Masters (major in Accounting, Financial Management or Economics)
• CA (SA) / CIMA (5-8 years post qualifying)
• Non-CA (SA) / CIMA (7-10 years’ experience in Financial Services organisation)
• Able to work effectively across a multi-service Financial Services organisation
• Previous exposure to financial management reporting in a complex large organisation

Knowledge and skills:

• Advanced Financial Accounting
• Analytical skills
• Self-driven and good interpersonal skills
• Attention to detail
• Deadline driven
• Advanced Excel and PowerPoint skills
• Experience in handling big data
• Some knowledge of dashboards and PowerBI

Preferred:

• Knowledge of financial markets
• Knowledge of economics

Competencies:

• Deciding and initiating action
• Learning and researching
• Entrepreneurial and commercial thinking
• Relating and networking
• Adapting and responding to change
• Persuading and influencing
• Creating and innovating

EducationPostgraduate 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

Click here to apply

All the best with your applications.