Brief Posting Description
To establish and maintain financial and management procedures for the business Ensure compliance with all regulatory requirements Prepare and consolidate monthly or yearly reports. Perform financial analysis on management accounts and coordination of annual budgets.
Detailed Description
This role will involve:
• Gaining a strong understanding of the business operations, systems, processes and their integration into the financials.
• Understanding the Banks Financial Control Framework and related policies/procedures/frameworks and ensuring they are properly implemented.
• Assessing controls and their effectiveness insofar as they impact the financials and initiating relevant action to improve controls/streamline and automate processes, etc.
• Highlighting financial risks to relevant areas within the business.
• Managing the Loan Book Maintenance & Query teams.
Key Functions included in this role include:
• Preparing monthly reports as required by the Frameworks mentioned above, including but not limited to Ageing reports, Financial Position Accounts Management reports, internal Governance reports, reports on findings/risks/investigations, etc.
• Review trends and movements in accounts and highlight anomalies.
• Investigate items outside of clearing periods and monitor the subsequent clearing thereof.
• Monitor account balances against thresholds and investigate reasons for breaches.
• Presenting the status of Suspense and other high risk accounts to Exco, highlighting areas of concern.
• Initiating business projects to mitigate financial risk and volume of rejected transactions into Suspense Accounts.
• Implement necessary procedures to validate transactions in high risk accounts.
• Responsible for ensuring all accounts are properly reconciled to source systems, reviewed and reconciling items are investigated.
• Understand and monitor loan book exceptions and customer queries. Quantify the financial impact of these exceptions on provisions, revenue, etc.
• System or process improvements to be initiated from findings on reconciliations/threshold breaches/items outside of clearing periods and exceptions and customer queries.
Be resourceful in data extraction.

Some of the competencies required include:
• CA(SA) with about 4 years post articles experience.
• Prior experience in a similar role preferably within the Bank.
• Strong informatics & analytical skills.
• Experience with relevant credit systems, such as ILP.
• Good understanding of the Financial Framework and suspense accounts
• Experience on using Qlikview will be an advantage.
• Be a self-starter (as this function currently does not exist in the team)
• Works with minimum supervision.
• Is a go-getter and genuinely is passionate about improving business and financial performance.
• Strong team player willing to assist with other team requirements and improving the overall work ethic of the tea
Job Requirements
• Establishment, alignment and management of target and budget goals whilst ensuring effective control of costs for a range of functional areas to increase cost efficiency
• Budget analysis, forecast and preparation of budget
• Development of a service culture which builds rewarding relationships proposes innovations and allows others to provide exceptional client service
• Maintenance of expert knowledge on relevant legislative amendments industry best practices and provision of proactive advice and solutions to relevant stakeholders
• Makes strategic recommendations or gives options reflecting operational and market imperatives impacting on finance
• Ensure all financial practices conform to FNB and Legislative accounting, practices and policies by ensuring no audit findings are recorded
• Provision of recommendations for strategic decisions based on findings from analyses
• Ensure financial statements are compiles and responsible for the integrity of the information to ensure accurately report on financial results of the business
• Develop and present Cash Operating Pricing Models and Balanced Scorecards for Finance and MIS departments
• Delivery of timeous, relevant and reliable financial management information for decision making
• Plan and manage performance, skills development, employment equity, talent and culture of team in order to improve innovation, achieve efficiencies and increase competencies
• Manage own development to increase own competencies
Additional Details
• B Com Degree or B Com Honours or CIMA or CA(SA) an advantage.
• 3 to 5 years experience