Forecasting and Planning Analyst - CMD at South African Reserve Bank

JOB DESCRIPTION

The main purpose of this position is to collect, analyze and synthesize the drivers of demand to generate currency requirements for the South African Reserve Bank (SARB).

QUALIFICATIONS

Detailed description

The successful candidate will be responsible for the following key performance areas: 

• Collect, collate and analyze demand trends relating to currency requirements and stockholdings per denomination.
• Perform reconciliations to ensure the validity, accuracy and completeness thereof, ensuring an adherence to accounting requirements.
• Participate in collaborative industry forecasting meetings to identify major forecast deviations to jointly improve forecasting as well as understand and incorporate specific industry insights into the demand plan.
• Scan the currency environment and coordinate cross-functional research activities to reconcile significant variances for input into the refinement of the currency forecasting model.
• Develop a supply plan for quantities of currency to be issued by the SARB.
• Participate in collaborative meetings with cash centers to identify major deviations to the planned banknotes processing plans as well as understand and incorporate specific insights into soiled banknote deposit trends from industry.
• Support the compilation of reports on budget deviations for all relevant accounts of the division on a monthly basis. 
• Provide a report on actual demand trends versus forecasts for input into strategic sales and operations scenario planning for banknotes and coin.
•  Stay abreast of developments and technologies in the supply and demand industry and ensure the application thereof.
• Determine the quantities of currency withdrawn from circulation and plan for the disposal thereof. This includes the on-site coordination of the packing, receipting, dispatching of withdrawn coin and stock counts for inventory management.
• Support the department with the business continuity scenario planning which incorporates lead times and as well budget requirements.

Job requirements 

To be considered for this position, candidates must have: 

• a Bachelor’s degree (NQF 7) in Industrial Engineering, Logistics, Supply Chain Management or an equivalent qualification; and
• a minimum of 5–8 years of experience in supply chain management and proficiency in statistical and forecasting fundamentals. Experience in a banking environment would be advantageous.

Additional requirements include: 

• drive for results;
• effective communication; 
• building and maintaining relationships;
• impact and influence;
• analysing and problem solving;
• planning and organising; 
• judgement and decision making;
• conceptual thinking;
• service and stakeholder focus;
• interpersonal sensitivity;
• attention to detail;
• advanced Excel skills;
• statistical fundamentals; and
• supply chain forecasting and planning knowledge.