Job Opportunities at Absa Group Limited (Absa)

Job Summary

• To monitor the risk profile of the business and execute audit assignments in accordance with the Group Audit Plan and Internal Audit methodology, relevant policies, procedures and quality standards.

Job Description

The Internal Auditor (insurance risk including insurance models) AVP role is responsible for assurance of Absa Financial Services.

The position is an Actuarial Analyst in Internal Audit and is required to provide assurance on:

• Best practice and most up to date development for building and maintaining actuarial   models.
• The pricing implementation on mainframe and various quoting platforms. This will involve internal and external quoting and administration systems.
• Correction of errors within the implemented pricing structures.
• Support the Audit manager in the identification of risks to be tested by participating in planning sessions. Develop testing strategies for key controls within the business to adequately mitigate the risks. Manage the execution of Design Effectiveness Testing (DEA) and Operational Effectiveness Testing (OET) of the audit team in line with Internal Audit methodology requirements.
• Develop an in-depth knowledge of Absa Financial Services and its subsidiaries and use the knowledge to assess risks and controls through identifying, assessing and documenting risks and controls within these processes. Engage proactively with Internal Audit colleagues during assignments and request technical assistance where required and based on knowledge of business areas,
• Develop and maintain relationships with key audit contacts on each audit by attending continuous stakeholder meetings. In addition, engage closely with stakeholders during assignments and encourage open discussions and interactions with business on the risks associated in their environment.

Requirements:

• Relevant degree in Statistics, Mathematics, Actuarial Sciences, Data Science etc.
• At least 5CTs completed
• 3 – 5 years’ experience in the Insurance Market with either a consultancy or industry background.
• Experience auditing in the insurance environment will be advantageous.
• Either Short-Term Insurance or Life Insurance market experience desirable.
• Solid understanding of actuarial concepts and principles.
• Strong technical, problem identification and analytical skills.
• Hands-on experience with programming.
• Knowledge of spreadsheet and Microsoft tools, particularly Excel or Python
• Excellent communication skills (written and oral).

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

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Job Summary

Specific Role Purpose:

• Role will be focused on reporting and planning of all financial and management information within finance.
• Analysing and reporting of financial information in an accurate, complete and timely manner and providing business with meaningful insights and value-add perspective to enable decision making
• Continuously seeking ways to improve operations by scaling automated financial processes, performing deep dives on several topics and trend analyses.
• Crafting financial solutions aligned to all appropriate controls, business financial health and growth objectives.

Job Description

Financial Reporting Accountabilities

• Build trust in the finance function through the creation of a single source of financial information which is corroborated by related management information sources and alignment to the agreed accounting principles, methodologies, and underlying data are correctly applied.
• Ensure appropriate, quality and timeous delivery of accurate financial and non-financial management information to support business objectives and expectations, including appropriate financial and non-financial metrics, valid and insightful comments and packaging the information in a relevant and appropriate manner.
• Own the process of delivery of high-quality information for regular and ad-hoc enhanced reporting to agreed requirements, timelines, and standards.
• Own and co-ordinate the core finance processes for PSC FDS Finance and contribute to the effectiveness of these processes for PSC and Group Finance (annual planning, forecasting, spend trajectory and reporting).
• Develop and implement control procedures as deficiencies or exceptions are identified which support the production of error-free reports. Assess and drive improvement of business accounting practices and policies.
• Validate all financial and management reporting information for flash results, month end financial results and utilisation and reporting of various key metrics
• Integrate advanced modelling and analysis capability to provide actionable intelligence, beyond data within the function.
• Generate finance narratives and insights driving business; and build/advise on pioneering new propositions.
• Take a commercial view on business and provide contextual insights into performance reports.
• Present financial results to business highlighting performance against plans, prior performance and providing meaningful insights on possible risks and opportunities for the near future
• Align to processes around month-end, year-end and planning cycles across the PSC finance community and BU based on the requirements from Group. Prepare for all cycles in advance and ensure adequate engagement with the relevant finance and BU teams.
• Interact with the stakeholders to agree minimum quality standards, as well as an agreed method of communicating and resolving any identified quality deficiencies in the reporting process.
• Act in line with the correct governance and control frameworks across the Finance team, as well as for proactively addressing any deficiencies and exceptions.
• Ensure that the CFO is appraised of key financial issues that need to be raised with executive leadership to enable integrity and timely management the BU.
• Know BU financial ambitions and balance sheet aspirations of PSC in performance reporting.
• Contribute to BCM & cybersecurity processes relevant to the BU and finance execution.
• Serve as a subject matter expert on financial data integrity, accounting processes, reconciliations’, analysis and reporting for end-to-end Financial Management in business area.
• Responsible for continuous operational excellence and real-time responsiveness of finance to enable business to achieve growth and profitability objectives.
• Focus on information-driven performance improvement and formulate data into easy access standardised views.
• Maintain stewardship and excellence which drives performance and sustainable growth through preservation of financial integrity.

Financial Planning Accountabilities

• Assist finance manager in developing processes and controls to ensure that the planning process is effective, supports business strategies and completed within the required timelines with the appropriate level of details.
• Build the financial model to support the business plan and ensure the model is in compliance with model governance through annual model review
• Understand and review assumptions provided by business to support the forecast
• Understand and integrate Treasury, Risk, and Finance data from a BU perspective, where appropriate.
• Prepare and process all journals relating to the forecast on the relevant system within the required timelines.
• Review all journal entries posted relating to the forecast to ensure accuracy and completeness
• Provide accurate, complete and timeous reporting of the forecast to relevant stakeholders
• Prepare for all cycles in advance and ensure adequate engagement with the relevant finance and business teams.
• Transform and evolve Finance planning, tracking and control processes

People Investment Accountabilities

• Peer responsibility: Coach, inspire, engage, mentor and develop finance and business savvy leaders.
• Network with finance colleagues across GFD and create awareness of challenges, opportunities and issues and encourage collaboration
• Focus on Finance skills evolution and remaining relevant.
• Embrace the value of finance partnership in Big Data, Advanced Analytics, mergers and acquisitions, and partnerships into the core of our business.
• Ensure deep personal understanding of income statement, balance sheet, margin returns, variance analysis, capital and liquidity requirements, revenues, assets, liabilities and capital, expenses, headcount analytics and other key ratios through relevant business engagement.

Role / Person Specification

• Minimum B-degree (NQF level no.7) Desired Post Graduate Degree (NQF level no.8+), CA (SA) or CIMA qualification preferred.
• 3+ years professional financial management experience
• Knowledge and skills:
• Experience in executing finance processes.
• Experience in commercial innovation environments
• Broad Finance including strategic, commercial, legal, risk and operational aspects
• Understanding of the financial services sector within a professional business environment
• Knowledge of building collaborative work environments

Education

• Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required)

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Job Summary

• Conduct quality credit assessments, provide responsible risk decisions within personal mandate level and maintain an assigned credit portfolio of clients for Business Bank Commercial (Growth, Premium and HVB) in accordance with Absa credit policies, processes and procedures

Job Description

Credit Assessment

• Conduct quality credit assessments with regards to new facilities, increases to existing facilities, reviews for existing facilities or bridging facilities, etc. in order to address the financial needs of the clients whilst ensuring that the outcome is aligned to the bank's risk appetite.
• Credit assessment within a regional credit team structure with a bias towards higher volumes and lower value in terms of typical credit applications.
• Provide assessment and recommendation to the team leader on credit applications and excess reports received from business unit in excess of the personal mandate based on Absa Credit Risk Model, credit policies, and procedures with Service Level Agreements.
• Ensure that the credit assessment includes a risk, financial, and creditworthiness assessment and feedback to the business unit in terms of the quality of the information received for the assessment of the application.
• Demonstrate a good understanding of the following products, cheque accounts, commercial
  and business-based finance, term loan, revolving loans, business credit cards, fleet cards, assets-based finance, etc to guide decision-making during credit assessments.
• Assess, within set timelines, excess reports received from business units within own mandate to mitigate the risks and motivate/recommend above own mandate to a higher mandate level.
• Adhere to and perform credit assessment within laid down processes, and turnaround times, be cognisant of risks, and provide clear reasons for credit decisions.
• Assist other credit officers and business bankers with the structuring and solution of credit applications.
• Identify training needs in the normal course of business and work together with the Regional Credit Manager by escalating the information to upskilling the business unit staff

Portfolio and Risk Management

• Manage and maintain the existing assigned portfolio of clients within the agreed KPI
• Ensure that out-of-order, impaired, and dormant accounts are proactively managed in collaboration with the business unit in accordance with the credit policies, procedures, and processes to mitigate the risks, and ensure the best possible credit solutions and proactive actions.
• Provide credit solutions for the timeous rehabilitation of delinquent accounts and initiate the transfer to Business Support and/or Legal Recovery Services (LRS) for groups/accounts which cannot be rehabilitated in the normal credit environment.
• Visit clients when required with the RE to assist, support and provide the business unit with credit input.
• Maintain and submit performance, status, and other standardized reports as required by Regional Credit Manager

Compliance and Processes

• Adhere to and comply with the Service Level Agreements (SLAs) to ensure overall service delivery to the business unit.
• Adhere to governance, regulatory and legislative requirements during the execution of duties in the normal course of business by completion of necessary compulsory training and courses.
• Adhere to Absa and Credit-specific processes and policies to ensure minimal risk and findings during audits and conformance reviews. Escalate any concerns to the team leader to discuss, resolve and mitigate the risks.
• Ensure timeous follow-up of arrangements and risk accounts identified via the daily and monthly listings and appropriate systems

Adhoc Responsibilities:

• Contribute to an environment of mutual support by sharing knowledge with other team members and business units to improve their productivity and ensure compliance to credit policies, processes, and procedures.
• Play an active role in personal coaching plans.
• Provide constructive solutions to work-related problems and contribute to fostering sound team dynamics.

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

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Job Summary

• To coordinate, plan & deliver day-to-day team tasks & activities in order to execute operations & admin transactions accurately & timeously in support of org. policy compliance through the execution of predefined objectives as per agreed SOPs.

Job Description

People Management:

• Coach, mentor and manage team members toward driving business objectives and ensuring colleague development

Capacity Planning:

• Continuously plan the execution of team duties against plan and service level requirements

Operational excellence:

• Supervise and support the execution of priorities by team against service level agreements and customer outcomes

Compliance and Risk Management:

• Ensure that all team activities are in adherence to relevant control and compliance requirements, and quality standards

Administration:

• Effectively fulfil all required administrative duties, including tracking and reporting

Education

• Higher Diplomas: Business, Commerce and Management Studies (Required)