Senior Administrator AC Process (AFS PCG) at Absa Group Limited (Absa)

Job Summary

• Financial Control is responsible for ensuring that Absa Africa fulfils its financial, statutory and regulatory reporting requirements, while ensuring compliance with accounting, regulatory and balance sheet control policy. Financial Control comprises the following areas: Accounting Control, Reporting & Analytics, Policy Governance & Controls, Technology Enablement, Cluster Control and Technical Accounting. Financial Control serves as the Group’s primary interface with the auditors and regulators. 
• Accounting Control owns the processes that enables sustainable, accurate and timeous financial information in support of reporting to external and internal stakeholders. The individuals will operate in the key processes in Accounting Control and specifically be responsible for clearing of the bank suspense account and related reconciliations.

Job Description

Key responsibilities

Accountability: Manage financial information completion process (60%)

• Act as a process executor for completion of financial information, including the accountability for the following key processes:
• Product Control Group(PCG)
• Journals and month-end close
  •    Reconciliation
  •    Completion of Supplementary information
  •   Interdiv and Elimination
  •    Tax
  •    Accounting Functions
• Act as the process executor for implementation of new standardised processes where relevant;
• Act pro-actively in correcting issues and implement a sustainable process;
• Ensure that principles of the Financial Control Operating Model are complied with and sustained;
• Assist with the maintenance and enhancement of processes;
• Where improvement to processes has been identified assist with the implementation and roll out of efficiencies;
• Where synergies between different reporting processes has been identified assist with the implementation of new and or enhanced processes.
• Perform clearing of the bank suspense accounts on SAP.
• Investigate deposits and payments in the bank account to identify the source and allocate according.
• Perform any receipting functions of premiums against polices.
• Perform adequate reconciliation of the bank and suspense accounts and identify and report on any risk items.
• Identify and implement any process improvements to enable the bank clearing to be performed more efficiently.
• Drive and implement the automation of the bank clearing through SAP Hana.

Accountability: Process Execution and improvement (40%)

• Execution of processes as designed in the above highlighted processes;
• Constantly review and maintain own activities to enhance the effectiveness and efficiency of processes;
• Assist in the implementation of new and/or enhanced processes;
• Identify activity-specific risks and work with Process Owner / Process Architect to mitigate risks;
• Maintain awareness of own activities and the impact thereof on related / inter-dependent activities.

Special work requirements: 

• Work extended hours from time to time. Limited time available to complete tasks. Multi-tasking is essential.

Most complex decision that can be taken without referral to the manager:

• Support the implementation of Accounting Control team wide processes and process.

Knowledge & Skills

Basic accounting or financial reporting skills

• Analytical and Problem solving Skills Level: Do and Check;
• Interpersonal, oral, written communication skills Level: Do without Supervision
• Microsoft office, Excel spreadsheets, PowerPoint Level: Do without Supervision;
• Ability to operate independently Level: Do without Supervision;
• Accuracy and reliability Level: Do and Check;

Education and Experience Required 

• National Diploma in Finance/ Commercial Qualification;
• B degree / similar qualification in financial or related discipline;
• Two (2) years’ experience in an accounting role;
• 2- 3 Years Related experience in a similar role in the financial services industry;

Competencies:

• Deciding and initiating action within ambit of responsibility;
• Problem solving within ambit of responsibility;
• Relating and networking;
• Adapting and responding to change.

Education

• Higher Diplomas: Financial Sciences (Required)