New Job Opportunity at ABSA Bank Limited Tanzania – Assistant Financial Reporting Manager

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About Us

Truly African
We are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance.
Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.

Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.

We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda and Zambia. We also have representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.

Assistant Financial Reporting Manager
Position: Assistant Financial Reporting Manager
Location: Absa House – ABT
Bring your possibility to life! Define your career with us
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.

Job Summary
Responsible for ensuring the financial reporting processes are conducted in accordance with both Local and Group accounting & Financial Control policy and regulatory requirements.

Job Description
Job Purpose.
Responsible for ensuring the financial reporting processes are conducted in accordance with both Local and Group accounting & Financial Control policy and regulatory requirements.

Main accountabilities and approximate time split

  • Participate and assist on month end closing process and ensuring that all the financial reports are accurate and reliable for use to all finance stakeholders
  • Take ownership and custodian of all month end journals processed in a particular month. All the journals processed in brains, SAP and Analyst
  • Perform GL/Cost centre/MGC codes maintenance and ensure that at all the time GL are available for business uses. This includes, opening, changing, closing the bank general ledger/cost centres and MGC codes, in both brains and SAP and SRM
  • Manage the ETA process and ensure that all the inter group recharges receivable/payables are locked in the system and follow up to the payment process
  • Assist and work closely with financial reporting manager/accounts payable team and ensure that cost reporting is accurately done by looking at cost on weekly basis and challenge accounts payable team.
  • Assist financial reporting manager on monthly account ownership and reconciliation process, ensure that all bank general ledger are reconciled and FD attestation is done on consigno
  • Assist financial reporting manager in running MDM engine and update the mappings daily
  • Assist financial reporting manager to run the Brains to SAP reconciliation on monthly basis
  • Assist/participate on periodical audit exercises done by conformance/BIA/External auditors
  • Suggest changes/improvements to increase efficiency, accuracy in financial control team
  • Participate in finance related meetings such as BSRC and address the issues raised there on.
  • Perform any other duties as assigned by financial control or Director of finance

Technical skills / Competencies

  • Financial reporting experience
  • Accounting experience
  • Strong understanding of Bank Of Tanzania reporting principles
  • Ability to manage large sets of data
  • Strong analytical skills
  • Interpersonal skills
  • PC skills
  • Ability to work to tight deadlines without compromising accuracy

Risk & Control Behaviour

  • Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture
  • Understanding of own role in the end to end processes in which you play a part, including applicable risks and controls.
  • Adhere to Absa’s policies and procedures applicable to own role, demonstrating sound judgement and responsible risk management.
  • Report all risk events / incidents / issues using the defined process for your business area and help to understand why these happened and how to prevent them in future. Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented.
  • All mandatory training completed to deadline

Knowledge, Expertise and Experience

  • Bachelor degree in accounting (Bcom Accounting), BAF, etc.)
  • CPA/ACCA preferable
  • Team player
  • Proactive

Absa Values
Absa’s Values and Behaviors represent the set of standards which governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:

  • I drive high performance to achieve sustainable results
  • I’m obsessed with customer
  • I have an African heartbeat
  • I believe our people are our strengths

Education

  • Higher Diplomas: Financial Sciences (Required)

Deadline: 2022-01-11

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