Absa – Finance Management Jobs

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

Treasury Analyst & Execution Dealer

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 SummaryTo be responsible for the in-country Balance Sheet Management functions of Asset and Liability Management, Execution Services, Investment, Liquidity and Funding, and Capital.

Job Description

Key Responsibilities:

CAPITAL MANAGEMENT 20%

Key actions to include:

• Supporting the Country Treasurer in managing the banks’ capital position
• Ensuring adherence to Capital Management policies and in-country regulatory and Board approved capital targets
• Engaging with Finance teams to understand balance sheet reconciliation and trends
• Supporting the Country Treasurer in compiling a capital plan, which forecasts regulatory and economic capital demand & supply across business units over a 3-year planning horizon while assessing if the forecast capital position meets regulatory and Board approved targets
• Determining capital buffers and performing Cost of Equity calculations in line with Absa Treasury principles and methodology
• Supporting initiatives in the move to a Basel III regulatory environment

ASSET & LIABILITY MANAGEMENT (ALM) 20%

Key actions to include:

•  Supporting the Country Treasurer in managing the banks ALM process
• Achieving an appropriate risk profile within Group standards and risk tolerances by centralizing, netting, and hedging all manageable risk via the Treasury Execution Services (TES) desk
• Measuring, analyzing and interpreting interest rate risk in the banking book
• Performing margin compression analysis
• Performing structural analysis and adjustment of all balance sheet items
• Ensuring all behavioural assumptions (including pre-payment assumptions) are in line with Absa Treasury guidelines

FUNDS TRANSFER PRICING (FTP) 15%

Key actions to include:

• Supporting the Country Treasurer in managing the banks FTP process
• Ensuring FTP guides business (Retail, Corporate and Trading) behaviour and immunizes businesses from market risk as far as possible
• Ensuring Absa liquidity premiums are incorporated in all FCY pricing by business 
• Maintaining all pricing assumptions to ensure FTP rates are aligned to, or will align the balance sheet to, required interest rate and liquidity risk profiles
• As part of the NPA process, assign the appropriate FTP rate to new products after assessing interest rate and liquidity behavioural profiles

ALCO PROCESS 20%

Key actions to include:

• Supporting the Country Treasurer in managing the banks ALCO process
• Timely production of the monthly ALCO pack to required standards in conjunction with internal stakeholders (Risk, Finance and Credit)
• Co-ordination of contributions and business proposals on behalf of ALCO members
• Supporting Country Treasurer in executing the functions of ALCO Secretary

LIQUIDITY & FUNDING 20%

Key actions to include:

• Daily management of bank’s Liquidity and Funding and sharing the daily end of day position to Treasury management
• Supporting the Head of Treasury execution in formulating strategies to manage banks Liquidity and Funding position Optimally.
• Ensuring appropriate funding profiles are achieved (diversification of funding base and lengthening of the funding profile)
• Supporting the Treasury management in compiling an annual funding plan which is tracked monthly, with a challenge-and-review process against business STP and RAF forecasts to be presented at monthly ALCO
• Monitoring and reporting on adherence to all regulatory and internal funding requirements and limits as maintained by TES
• Ensuring all behavioural assumptions from a liquidity perspective are in line with Absa Treasury guidelines
• Responsible for the bank’s Liquidity Risk Appetite setting
• Responsible for liquidity stress testing

PERSONAL DEVELOPMENT

Key actions to include:

• Actively managing one’s own technical and soft skills development
• Researching, identifying and proposing training solutions to senior management for one’s own development

Risk and Controls Objectives

Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture

• Understanding of own role in the end-to-end processes in which you play a part, including applicable risks and controls.
• Adhere to Absa’s policies and procedures applicable to own role, demonstrating sound judgement and responsible risk management.
• Report all risk events / incidents / issues using the defined process for your business area and help to understand why these happened and how to prevent them in future. Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented.
• All mandatory training completed to deadline

Knowledge of the Bank’s products, services, and policies and/or another specialized knowledge required to undertake the role:

ESSENTIAL

• Understanding of the policies, procedures, and ethical requirements of a Treasury environment
• Knowledge of interest rate risk management including structural and behavioural analysis
• Knowledge of liquidity and funding risk management
• Knowledge of capital risk management
• Knowledge of financial markets and economic fundamentals
• Knowledge of treasury, retail, corporate and capital markets products
• Excel competency
• Communication skills

PREFERRED

• A detailed knowledge of the Treasury Balance Sheet Management Understanding of banking across segments
• Ability to influence decisions with ability to lead strategy on future initiatives
• Ability to perform balance sheet behavioralists
• Ability to ftp pricing curves and drive desired balance sheet behaviour

Absa Values

Absa’s Values and Behaviours represent the set of standards which governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:

• Trust
• Resourceful
• Stewardship
• Inclusive
• Courage

EducationNational Diplomas and Advanced Certificates: Business, Commerce and Management Studies (Required)

Click here to apply

Senior Manager: Cost Optimisation and TP Management

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 SummaryTo provide and interpret financial information to all stakeholders of the business for informed decision making.
To execute on, support and educate line managers in the execution of finance related activities and monitor line adherence to Finance best practice and principles.

Job Description

Job Description Accountability:  

• Managing the Finance Environment Execute strategic objectives as articulated by the Chief Operating Officer (COO)/ or CFO for the Business Unit (BU) explaining key focus areas to Executives and line managers.
• Prepare and present monthly financial and variance commentary at Divisional Manco meetings and where required support the Senior Finance Business Partners with presentation to EXCO Meetings.
• Implement and monitor cost control initiatives within the different functional areas within the Business Units to achieve overall Business Unit cost targets.
• Track cost savings benefits for the different centres within the business unit for which the role is responsible as and when required.
• Implement programmes and financial systems and policies as may be directed by the Senior Finance Business Partner for the financial year.
• Compile and present Financials to the relevant business owners monthly including financial actuals against forecasted trends.
• Conduct research and develop financial forecasts and indicators for the business to enable effective financial decision making and early warning systems.
• Participate in business initiatives or Group and Cluster financial initiatives on behalf of the business unit where required and ensure deliverables and frameworks are effectively implemented in own area of responsibility. (e.g. financial transfers between business units, group financial projects and business unit level financial drives and programmes)

 Accountability:

• Financial management and Business Partnering Allocate duties to team members where required to execute and coordinate finance activities required within the business unit to ensure adherence to sound financial management and accounting practices within Business Unit.
• The monthly financial processes to ensure accuracy of inputs and results of the financial system, including FTE cost monitoring, journal processing, Balance sheet management, etc.
• Facilitate yearly financial restatements process to align the financial structure to updated company structure.
• Monitor financial trends and identify gaps, based on gaps identified, motivate requests and new ways of working to the Senior Business Partner for additional resources including people, budget and equipment • Obtain a thorough understanding of the business unit’s strategy and explain it to team members in such a way that they understand the contribution they must make
• Provide financial advice and guidance to line managers and business owners on new initiatives, current budget management practices and trends in expenditure in their areas of accountability.
• Explain targets and take accountability for the monitoring and achievement of own and team performance objectives in the department in terms of return on investments, financial risk, financial planning and governance.
• Create and present quarterly and monthly plans to ensure delivery for the year.
• Manage departmental budgets including signing off of invoices and quotes within mandate. Escalate out of budgets or items higher than approved mandate to the next level manager.
• Rigorously monitor expenditure against approved budgets for the areas of accountability and put measures in place to address variances. Continuously identify areas for improved efficiency and reduced costs.
• Conduct basic statistical analysis to track performance variances and determine the root causes of errors. Make recommendations for productivity or process enhancements to process owners
• Implement productivity improvement measures by coaching line managers on any new processes or on their areas for improvement.
• Populate balanced scorecards for the specific department monthly. Work with the team to address shortcomings during the next month. Escalate any major issues identified to the next level manager
• Participate in the measurement and reporting of internal and external Service Level Agreements monthly.
• Address any process failures specific to the department under management

Accountability:

• Business Planning Partner with the departments and the BU line managers to complete sound annual financial plans within the agreed timeframes.
• Review of the 3-year forecast for Medium Term Plans (MTP’s) for the area of accountability in accordance with BU strategy annually
• Review the 3-year forecast for Short Term Plans (STP’s) for the area of accountability in accordance with BU strategy annually
• Review of the 3-year forecast for Revised Annual Forecast (RAF) for the area of accountability in accordance with BU strategy annually
• Review the expenditure against budget with accountable managers monthly and engage on areas of over-expenditure or cost opportunities and help line managers to implement initiatives where budget savings can be made.

Accountability: 

• Governance Authorize the reconciliations submitted in terms of the GL Framework from the Finance Business Partner (FBP) monthly.

Education and Experience Required

•  NQF Level 7: Honours/master’s degree BCom Accounts
• Minimum 3 year’s financial management experience
• Newly qualified CA or CIMA qualified preferred

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

Finance Business Partner

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 SummaryJob Summary
To provide and interpret financial information to all stakeholders of the business for informed decision making.
To execute on, support and educate line managers in the execution of finance related activities and monitor line adherence to Finance best practice and principles.

Job Description

Job Description Accountability:  

• Managing the Finance Environment Execute strategic objectives as articulated by the Chief Operating Officer (COO)/ or CFO for the Business Unit (BU) explaining key focus areas to Executives and line managers.
• Prepare and present monthly financial and variance commentary at Divisional Manco meetings and where required support the Senior Finance Business Partners with presentation to EXCO Meetings.
• Implement and monitor cost control initiatives within the different functional areas within the Business Units to achieve overall Business Unit cost targets.
• Track cost savings benefits for the different centres within the business unit for which the role is responsible as and when required.
• Implement programmes and financial systems and policies as may be directed by the Senior Finance Business Partner for the financial year.
• Compile and present Financials to the relevant business owners monthly including financial actuals against forecasted trends.
• Conduct research and develop financial forecasts and indicators for the business to enable effective financial decision making and early warning systems.
• Participate in business initiatives or Group and Cluster financial initiatives on behalf of the business unit where required and ensure deliverables and frameworks are effectively implemented in own area of responsibility. (e.g. financial transfers between business units, group financial projects and business unit level financial drives and programmes)

 Accountability:

• Financial management and Business Partnering Allocate duties to team members where required to execute and coordinate finance activities required within the business unit to ensure adherence to sound financial management and accounting practices within Business Unit.
• The monthly financial processes to ensure accuracy of inputs and results of the financial system, including FTE cost monitoring, journal processing, Balance sheet management, etc.
• Facilitate yearly financial restatements process to align the financial structure to updated company structure.
• Monitor financial trends and identify gaps, based on gaps identified, motivate requests and new ways of working to the Senior Business Partner for additional resources including people, budget and equipment • Obtain a thorough understanding of the business unit’s strategy and explain it to team members in such a way that they understand the contribution they must make
• Provide financial advice and guidance to line managers and business owners on new initiatives, current budget management practices and trends in expenditure in their areas of accountability.
• Explain targets and take accountability for the monitoring and achievement of own and team performance objectives in the department in terms of return on investments, financial risk, financial planning and governance.
• Create and present quarterly and monthly plans to ensure delivery for the year.
• Manage departmental budgets including signing off of invoices and quotes within mandate. Escalate out of budgets or items higher than approved mandate to the next level manager.
• Rigorously monitor expenditure against approved budgets for the areas of accountability and put measures in place to address variances. Continuously identify areas for improved efficiency and reduced costs.
• Conduct basic statistical analysis to track performance variances and determine the root causes of errors. Make recommendations for productivity or process enhancements to process owners
• Implement productivity improvement measures by coaching line managers on any new processes or on their areas for improvement.
• Populate balanced scorecards for the specific department monthly. Work with the team to address shortcomings during the next month. Escalate any major issues identified to the next level manager
• Participate in the measurement and reporting of internal and external Service Level Agreements monthly.
• Address any process failures specific to the department under management

Accountability:

• Business Planning Partner with the departments and the BU line managers to complete sound annual financial plans within the agreed timeframes.
• Review of the 3-year forecast for Medium Term Plans (MTP’s) for the area of accountability in accordance with BU strategy annually
• Review the 3-year forecast for Short Term Plans (STP’s) for the area of accountability in accordance with BU strategy annually
• Review of the 3-year forecast for Revised Annual Forecast (RAF) for the area of accountability in accordance with BU strategy annually
• Review the expenditure against budget with accountable managers monthly and engage on areas of over-expenditure or cost opportunities and help line managers to implement initiatives where budget savings can be made.

Accountability: 

• Governance Authorize the reconciliations submitted in terms of the GL Framework from the Finance Business Partner (FBP) monthly.

Education and Experience Required

•  NQF Level 7: Honours/master’s degree BCom Accounts
• Minimum 3 year’s financial management experience
• Newly qualified CA or CIMA qualified preferred

EducationBachelor`s Degrees and Advanced Diplomas: 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

Fixed Assets Specialist

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 Fixed Asset Specialist is responsible for managing and maintaining the bank’s fixed asset records in accordance with internal policies and applicable accounting standards. This role ensures the accurate capitalization, depreciation, disposal, and reporting of fixed assets, while supporting audits and financial reporting requirements.

Job Description

Maintain the fixed asset sub-ledger, ensuring accurate and timely recording of acquisitions, transfers, disposals, and depreciation.

Conduct periodic physical inventory of fixed assets and reconcile discrepancies with the general ledger.

Review and validate asset-related transactions for compliance with company policy and accounting standards (e.g., IFRS/GAAP).

Coordinate with Procurement, Facilities, and IT teams to track asset movement and changes.

Prepare and reconcile monthly fixed asset roll-forward reports and related journal entries.

Support external and internal audit requests related to fixed assets.

Assist in developing and implementing fixed asset policies and procedures.

Ensure proper tagging and classification of all bank-owned property and equipment.

Participate in system upgrades, data clean-up projects, and automation initiatives.

Maintain accurate and organized fixed asset documentation.

EducationHigher Diplomas: Financial Sciences (Required)

Click here to apply

Senior Specialist: Accounting Control (Tax)

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 SummaryAccounting Control owns the processes that enables sustainable, accurate and timeous financial information in support of reporting to external and internal stakeholders.
The individual will oversee the process execution that enables sustainable, accurate and timeous completion of Tax calculations and reporting to be reported to all necessary recipients. To ensure a sound Control Environment and work closely with other areas of finance to adequately manage risk. The team is very specialized in terms of skill and plays an important for the reporting to tax Regulators

Job Description

High Level Role Overview

Accounting Control owns the processes that enables sustainable, accurate and timeous financial information in support of reporting to external and internal stakeholders.

The individual will oversee the process execution that enables sustainable, accurate and timeous completion of Tax calculations and reporting to be reported to all necessary recipients. To ensure a sound Control Environment and work closely with other areas of finance to adequately manage risk. The team is very specialized in terms of skill and plays an important for the reporting to tax Regulators.

Key responsibilities

Accountability: Managing end to end process across clusters (70%)

• Ensure alignment of process with organisational strategy; take accountability for relevant processes within area of responsibility and ensure delivery and maintenance of standardised processes and controls;
• Owner of the end-to-end business process including defining the goals, objectives and KPI’s, and performance management thereof;
• Plan, implement and develop operating procedures for relevant area and updating process documentation;
• Agree hand-ins and hand-offs with other process owners across FC;
• Constantly review and improve processes (automation included) to drive and implement a sustainable and effective process in support of quality and accuracy;
• Drive sustainable cost and processing efficiencies through continuous innovation, industry benchmarking and alignment to best practices;
• Act as escalation and decision point for operational decisions related to specific process, including issue resolution;
• Ensure cluster SMEs are aware of any issues in BAU process;
• Ownership of accounting control responsibilities for key FC initiatives that impact process;
• Work with Absa Group Tax to ensure all tax requirements are adequately recorded in the ledger.
• Management of relevant executors of processes within ambit of control including co-ordination and management of capability and performance;
• Change Management including facilitating change in process within scope of deliverables;
• Identify process-specific risks and work with Process Architect to mitigate risks;

 Accountability: Lead a team of individuals to drive performance through motivation and employee engagement (30%)

• Act as the process lead for Accounting Control Tax;
• Manage effective delivery of outputs to ensure high quality and efficient process.
• Work with process owners to unpack and redesign processes to obtain optimal efficiency in Accounting Control and Financial Control;
• Oversee execution and review of AC processes;
• Resolve issues and attend meetings related to process;
• Represent accounting control on operations committee for projects related to process;
• Support head of Accounting Control with strategic view for the function;

Knowledge & Skills

• IFRS, accounting and reporting
• Proven senior stakeholder management
• SAP or similar ERP system
• Basic understanding of accounting data flows
• Problem solving
• Interpersonal skills
• Management and leadership

Education and experience

• Honours/Masters-degree in (Accounting) (NQF level 7);
• CA SA
• Previous experience in a tax role will be beneficial
• Experience managing financial statement and disclosure processes and process improvement;
• Control environment understanding and monitoring experience;
• Previous people management experience will be beneficial;
• 5–6-year post articles with a minimum of 3 years’ experience in leadership or management position;

Competencies:

• Deciding and initiating action
• Agile and organized
• Entrepreneurial and commercial thinking
• Relating and networking
• Adapting and responding to change
• Persuading and influencing
• Creating and innovating
• Proactive and confident 

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

Treasury Control and Governance Analyst

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 SummaryTreasury Control and Governance Analyst

This role ensures that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Risk Management Framework and Internal ABSA Policies and Standards.

The Front Office Risk and Control Analyst will partner with the First Line business and other key stakeholders across the three lines of defense to design, develop, implement, and maintain an efficient and effective control environment

Job Description

Job Description

• Performing duties of a First Line of Defense team which include:
• Evaluate the control Environment by understanding end to end processes; identifying inherent process risks; establishing Risk tolerance for process risks and identifying where controls are required
• Respond to the controls by ensuring they are appropriately designed, implemented and weaknesses are remediated
• Evaluate and evidence the extent to which internal controls are operating effectively; ensure that risk is being effectively managed and that there’s compliance with laws and regulations including the Firm’s policy and procedures
• Defining, maintaining, advising, and updating Policies and Standards as and where appropriate,
• Understanding the Operational Risk Framework, Policies and Standards and how to pivot these impacting elements across through our functional risk and execution business,
• Partner with business in completing the Risk and Control Self-Assessment (RCSA) in line with Enterprise Risk Management Framework (EMRF) and the Operational Risk Methodology,
• Raise issues and actions and remediate control gaps and weaknesses,
• Collation of Quarterly Reporting Packs for Conduct and Operational Risk,
• Data ownership – Ensuring the quality and accuracy of the data going downstream to other infrastructure areas,
• KRI controls – standardizing these across executions teams and reporting to senior management
• Business Resilience Update and Oversight to key scenarios with annual testing compliance
• Provide coordination and governance support for the Treasury risk and control related committees

Accountability: Risk and Control Environment

• Understands and complies with all applicable governance, compliance and risk policies and procedures
• Fosters an atmosphere of compliance, ensures regulations are observed, and puts relevant processes in place for staff to escalate problems.
• Be responsible and available for Adhoc risk and control remediation across our SA & Africa Regions business footprint
• Accountable for implementation of Group’s risk control framework for area of responsibility. This includes but is not limited to oversight of the teams’ responsibility across:
• Sound understanding of the systems and process flows, the risks associated with the root cause and remediation across our lines of defence
• Technical proficiency in risk management, governance, and control of environments
• Data analytics and reporting (Analytical)
• Thoroughness, rigor, and attention to detail regarding products, systems, processes, and controls
• Challenge existing processes and controls ensuring best practice our business
• Ability to deep dive with problem solving skills
• Innovative and curious to learn as business evolves
• Ability to influence adoption and embedment
• Adaptable to an elevated degree of Change Initiatives

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

Minimum requirements

• Three to five years working experience in a Governance Compliance or Risk Management environment.
• Experience in business FLOD(first line) or SLoD (second line) or TLoD (third line)of defence. 
• Must have recent financial services and analytical data management experience.
• Preferably have strong financial markets knowledge and stakeholder relationship management experience.

EducationBachelor`s Degrees and Advanced Diplomas: 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

Specialist Africa Tax Risk

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 SummaryTo deliver and ensure statutory tax compliance for an assigned portfolio of taxpayers in the Group or specific tax discipline within the business and provide tax advice where appropriate.

Job Description

Key Accountabilities

Financial and management reporting

• Reporting: Monthly Effective Tax Rate explanations for assigned cluster – providing guidance and support to Corporate and Investment Banking, Group Company (Hold Co) and SA Treasury.
• Providing tax disclosure for assigned cluster and subsidiaries.
• Preparing and distributing the required corporate tax reporting and disclosure on tax for the assigned portfolio / cluster in support of Financial Statements and SARS disclosures.
• Monitoring and consolidation of future tax relief and providing disclosure for Annual Financial Statement purposes for the consolidated Group results.
• Preparation of Bank Group and SA Group Subsidiary ETRs for consolidated result publications and commentary on a quarterly basis. Contributing to Board Packs in relation to corporate tax status (returns, filings and payments). • Assist with tax forecasts and effective tax rate attestations.
• Preparing bi-annual competitor analysis for consolidated group on effective tax rates.

Tax advice

• Provide advice on day-to-day income tax matters as and when required for portfolio of taxpayers.
• Support subsidiaries with tax issues when required and managing the SARS relationship and e-filing profile
• Attend and assist with tax related queries received from SARS or business.
• Manage external professional service providers on tax matters when applicable.

Income Tax compliance and administration.

• Complete and/or review and assist with the lodgement of income tax returns (annual income tax and provisional tax, including paragraph 19(3) replies) with regards to the portfolio of companies – CFCs of Absa Bank and Absa Group Companies included for all calculations and IT10 preparation.
• Update income tax templates and do maintenance, annual returns and provisional tax returns where applicable including external queries on allocated subsidiaries related information and computations. • Update database with payments made to tax authorities and monitor tax status of portfolio.
• Ensure the use of Konsise for tracking and bulk payments. Act as e-filing admin on all corporate income tax compliance related matters for the Group (e.g. Tax Clearance Certificates, refund banking detail verification, deregistration of taxpayers etc.)
• Attend to SARS queries and assist with lodging objections, appeals or VDP’s.

Networking

• Manage and develop relationships with the key business areas and the group.
• Maintain and enhance the existing relationship with SARS and External Tax Auditor personnel.

Training

• Provide training and tax presentations to the relevant business areas on the current tax legislation and updates on changes to the legislation.
• Complete all training requirements

Role/Person Specification

Education and Experience

• Bachelor’s degree in Accounting is essential
• Post-graduate degree or diploma in Income Tax is required
• Minimum 5 years’ experience in income tax compliance – SARS e-filing and correspondence • Corporate and investment banking tax experience and submission or preparation of returns will be advantageous

Knowledge and Skills

• Exceptional MS Excel skills including proficiency in macros
• Above average MS Office skills including Word and PowerPoint
• SARS e-filing experience required. Konsise, SAP, COUPA & BW knowledge will be beneficial.

EducationBachelor`s Degrees and Advanced Diplomas: 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

Junior Retail Business Partner

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• Ensuring the quality and accuracy of data going down streams to other infrastructure areas such as FTP tool, SAP S4, Compass and TM1 amongst others,
• Carrying out analysis, summarizing performance and preparing commentaries/presentations of the Retail and Business Banking Financials,
• Supporting lead Finance partner (RBB) in information and performance analysis requirements.

Job Description

Main Accountabilities:

Performance Reporting and Planning

• Support to transform the business requirements into programs and processes to deliver high quality information deliverables (e.g., analysis, management information reporting, data extracts, campaign files etc.) in both regular and ad hoc fashion.
• Prepare the RBB Financials deck for the Business unit and for the Head of Business Performance & Analytics as well as participate during the Monthly Business review sessions.
• Assist in modelling and gathering data from Business for the Rolling Annual forecasts (RAF), the Budgeting and Actual restatement process. This includes running of scenarios.
• Support audit process by preparing audit schedules and liaise with auditors regarding performance and financial statements.

Interaction with key stakeholders

• Develop, streamline, and optimize the process to support business initiatives for monitoring business performance.

Areas include:

• Regional RBB Finance including ABMU and Group Financial Control, Balance Sheet Control and
•  Financial Decision Support (BPNA)
• Treasury
• Regional and in-country Product Control

Projects / Change

• Develop appropriate reports to provide meaningful information which identified risk positions and/or profit and loss profile of RBB.
• Participate in efficiency and systems implementation Program related to role and to Finance.
• Participate in training initiatives to ensure financial skills and business knowledge of Finance officers/analyst is enhanced as well as through coaching and on-the-job training.

Risk and Control

• Mandatory Risk and control objective:
• Ensure all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework and Internal Absa Policies and policy standards. Understand and manage risks and risk events (incidents) relevant to the role.

Role/person specification:

Preferred Education and Experience

• Qualified accountant or a Bachelors Degree in Accounting, Banking or Finance,
• Minimum 2+ years’ experience of working in a financially focused role in Banking.

Knowledge and Skills

• Knowledge accounting IT systems (e.g SAP/TM1/Hyperion/Compass )
• Ability to condense large amounts of data and present in a concise and readily understood format.
• Ability to translate complex financial insights into clear, actionable information for non-financial stakeholders
• High Performance orientation
• Client service driven & Client service driven
• Strong ability to manage multiple stakeholders and processes

Click here to apply

Junior Corporate Business Partner

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.

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Job Summary• Ensuring the quality and accuracy of data going down streams to other infrastructure areas such as FTP tool, SAP S4, Compass and TM1 amongst others,
• Carrying out analysis, summarizing performance and preparing commentaries/presentations of CIB Financials,
• Supporting lead Finance partner (CIB) in information and performance analysis requirements.

Job Description

Main Accountabilities:

Performance Reporting and Planning

• Support to transform the business requirements into programs and processes to deliver high quality information deliverables (e.g., analysis, management information reporting, data extracts, campaign files etc.) in both regular and ad hoc fashion.
• Prepare the CIB Financials deck for the Business unit and for the Head of Business Performance & Analytics as well as participate during the Monthly Business review sessions.
• Assist in modelling and gathering data from Business for the Rolling Annual forecasts (RAF), the Budgeting and Actual restatement process. This includes running of scenarios.
• Support audit process by preparing audit schedules and liaise with auditors regarding performance and financial statements.

Interaction with key stakeholders

• Develop, streamline, and optimize the process to support business initiatives for monitoring business performance.

Areas include:

• Regional CIB Finance including ABMU and Group Financial Control, Balance Sheet Control and
•  Financial Decision Support (BPNA)
• Treasury
• Regional and in-country Product Control

·         

Projects / Change

• Develop appropriate reports to provide meaningful information which identified risk positions and/or profit and loss profile of CIB.
• Participate in efficiency and systems implementation Program related to role and to Finance.
• Participate in training initiatives to ensure financial skills and business knowledge of Finance officers/analyst is enhanced as well as through coaching and on-the-job training.

Risk and Control

• Mandatory Risk and control objective:
• Ensure all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework and Internal Absa Policies and policy standards. Understand and manage risks and risk events (incidents) relevant to the role.

Role/person specification:

Preferred Education and Experience

• Qualified accountant or a Bachelors Degree in Accounting, Banking and Finance,
• Minimum 2+ years’ experience of working in a financially focused role in Banking.

Knowledge and Skills

• Knowledge accounting IT systems (e.g SAP/TM1/Hyperion/Compass )
• Ability to condense large amounts of data and present in a concise and readily understood format.
• Ability to translate complex financial insights into clear, actionable information for non-financial stakeholders
• High Performance orientation
• Client service driven & Client service driven
• Strong ability to manage multiple stakeholders and processes

Education

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

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