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Financial Reporting Manager

Absa

Absa House Head Office (ZM)

  • Full Time
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About the role

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

Accounting and Reconciliation Management: Perform accounting-related tasks and reporting, ensure reconciliations are completed | Financial Governance, Reporting and Control Audit Support: Provide support to auditing activities

Job Description

  • Liaise with the FDS team to ensure that all product and segmental information is reported correctly
  • Responsible to ensure that all mapping and exco codes are correctly feeding into Analyst to ensure that we have no issues on consolidation into group
  • Responsible to ensure that all quarterly reporting on HFM or other relevant reporting platforms is done in within the given deadlines
  • Responsible for the reconciliation of intercompany balances and clearance of these on the new compass system
  • Preparation of statutory financial statements using fast financials or other applicable tools in good time to expected standard to facilitate early sign off of financial statements 
  • Analytical review on both the income statement and balance sheet on a monthly basis which should form the basis of the commentary pack which is sent back to regional FC team
  •  general tax compliance work - tax computations, PAYE, WHT, VAT , Excise duty and payment of Corporate tax installments
  • Responsible for performing tax due diligence in new product development and providing business functions with relevant tax advice
  • Alternate for the timely and accurate submission of all regulatory reports including but not limited to the monthly prudential return, BA 610, Basel II parallel run reports, quarterly publications
  • Regular review of the effectiveness of the process of preparation of statutory  returns in order to minimise the risk of misreporting and ultimately the Bank being penalised
  • Manage the relationship with external auditors, AIA and Regional FC and responsible for the coordination of all finance reviews e.g external audit
  • Maintain close relations with the, Tax Authorities and the Central Bank and other applicable Regulatory Bodies
  • Manage Relationship with Functional and product head as well as the FDS team

Alternate to Financial controller at the cost board and this entails presenting a high quality deck to the committee and running the meeting to ensure the bank is on track to meet its cost targets

Education

Bachelors Degree and Professional Qualifications: Accounting (Required)