Manager Fraud Solutions, Financial Reporting

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Job Summary

The focus of the jobs is a balance of mathematical ability and accounting skills as well as the development of financial scenarios, building business models and the application of systems to enable financial reporting. It focus on financial analysis, financial management and accurate financial reporting to ensure the business meets financial reporting requirements. It includes daily, monthly, quarterly and annual management and statutory reporting, regulatory returns to the relevant regulatory bodies, ensuring compliance with technical accounting and principles, regulatory and balance sheet control policy and serving as the primary interface with auditors and regulators.

Job Description

Leadership:

Provide leadership for effective people and team management

Take responsibility for the team of staff in the division to ensure effective delivery.

Develop a high performing team by embedding formal performance development and informal coaching.

Encourage frequent knowledge sharing between team members.

Determine and analyse development needs for the team and ensure that identified.

Training requirements are budgeted for and executed.

Create effective workforce and recruitment demand plans to ensure that current and future business requirements can be met. Plans should be revised at least twice a year.

Review and update the department’s organisation structure and role description on at least an annual basis to ensure that they are fit for purpose and contain all the accountabilities of each team member.

Address poor performance of any team member through the formal Performance

Accelerator programme and ensure that continued poor performance is appropriately dealt with.

Participate in the creation and implementation of Employee Opinion Survey (EOS) actions for the team.

Stakeholder Management:

Develop and enhance network and relationship building to align the team with business partners within the organisation as well as strategic stakeholders.

Maintain a high level of professionalism in stakeholder interactions, including written and verbal communications, based on sound knowledge of the industry and understanding of relevant regulatory requirements.

Develop and maintain partnerships with local industries, and fraud/loss prevention organizations/Industries in the community.

Build strong relationships with industry peers and best practice on fraud schemes and losses.

Reconciliations:

Accounting and Reconciliation Management, perform accounting-related tasks and reporting, ensure reconciliations are completed

Conduct daily bank reconciliations for validity, accuracy and correctness for fraud losses, recoveries, chargeback and vouchers.   

Prepare reconciliations by checking the accruals and provisions against the budget. 

Clear all unreconciled items on the Trial Balance within the specified turnaround time 

Prepare reconciliations on all unreconciled items as per the General Ledger Control Framework (GLCF), sign and then submit them for reporting purposes. 

Prepare invoices for clients against the business schedule for recoveries and fraud loss management. 

Check that only relevant entries are posted to the debtor and creditor accounts, and that supporting documentation is received and filed for these entries. 

Reconcile all balance sheet accounts to the Trial balance and check that supporting documentation is filed for each relevant entry processed on these accounts. 

Check that the reconciliations are signed off by way of bank accounting governance.

Follow up outstanding items on the debtors and creditors recons.

Plan, organise and coordinate biannual provisions and reconciliation reporting. 

Prepare and capture the accruals and provisions for the month to give the business area an indication of the Liabilities which still need to be settled by the business area.   

Financial Governance, Reporting and Control, present monthly management accounts report such as Industry, Regulatory and Association reporting on a monthly basis

Provide support to auditing activities

Finance Related Queries:

Follow up and provide feedback on queries related to provisions, reconciliations and recoveries as and when required. 

Prepare correct journals as and when queries are raised on misallocation of costs.

Educate clients when queries are raised on expenses related to their business cost centres 

Correct Revised Annual Forecast, Medium Term Plan and Short Term Plan general ledger codes uploaded incorrectly on the System as and when required.

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

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised