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 Summary
To perform the activities of financial reporting to internal and external stakeholders of the group to ensure that financial reporting is performed accurately, timeously and complies with IIFRS, the JSE listing requirements, the Companies act, the South African Reserve Bank (SARB) as well as specific requirements of analysts, the group audit and Compliance Committee (GACC) and the board of directors for Absa group limited and Absa bank limited.
Job Description
Accountability: Monthly reporting
- Review the financial results, obtaining commentary from Analytics and Balance sheet control for the various clusters;
- Prepare monthly performance matrix;
- Review and approval of Exco codes and GL accounts to ensure that they are aligned to the chart of accounts and external reporting requirements;
Accountability: External reporting
- Prepare/update the booklet, SENS and financial statements in CDM, as well as the advertisement outside CDM;
- Perform a bi-annual analysis of the afore-mentioned report, to ensure they comply with external stakeholders’ requirements (i.e. IFRS, Companies Act, King III, JSE listings requirements);
- Attend to queries from internal stakeholders, rating agencies, external auditors, financial analysts and the JSE Limited by requesting information and reviewing the responses for accuracy and validity;
- Ensure accuracy and completeness of disclosures through analysis and comparison between different reports (internal and external);
- Review web forms for all the relevant disclosure requirements and to ensure that validations are in place to enforce accurate submission;
- Obtain all the relevant information needed for external financial reports;
- Agree comparatives to numbers released and resolve any discrepancies, by taking re‐statements into accounts. Ensure that restatements are fully understood and supported;
- Review all components of external reports for reasonability, validity, accuracy and consistency;
- Prepare and maintain the segment report (including the various ratios per segment) and ensure that all changes are incorporated timeously. Assess all results reported for reasonability;
- Obtain signoff from clusters for external reports and follow up on any queries;
- Meet with graphic designers to for design of the external reports. Ensure signoff of the designs by all the relevant internal parties;
- Assist in preparing reports to the GACC and the Board;
- Keep up to date with changes in accounting standards (IFRS) and other regulatory requirements;
Education and Experience:
- Chartered Accountant CA(SA) strongly preferred
- 2 year post Accounting articles experience (this includes supervision and review, passing the Board exams and completing recommended hours for the training contact)
- Minimum B Com Accounting degree required, Honours in Accounting preferred together with IFRS reporting experience and banking industry experience
Competencies:
- Deciding and initiating action proactively
- Learning and researching
- Commercial thinking and applies to work responsibilities
- Relating and networking
- Adapting and responding to change
- Persuading and influencing
- Creating and innovating
- Drives efficiencies and automation in work responsibilities
Education
Bachelor`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