Senior Finance Manager: Transactional products and …, Midrand

Financial business support to the Transactional Banking, Card, Investment product divisions and Unsecured lending Financial and strategic management support to the Transactional Product and Unsecured Lending divisions within Personal Banking both, from a functional as well as operational perspective.Assist the finance function in achieving its overall objectives of supporting the business, and reporting on its performance. Taking overall accountability for the management reporting of financial results, financial controls, financial policies and procedures of the Transactional Product and Unsecured Lending divisionsBusiness support: actively influences day-to-day financial decisions, contributing to strategy and influencing the underlying direction of the business. Focus on forward-looking, large scale and/or high-impact commercial and investment decisions. Financial planning: Responsible for the annual OPEX and CAPEX budget, as well as quarterly revised forecasts.Review and analysis of the revenue forecasts and business cases prepared by the functional business owners. Support effective financial planning within their area of responsibility. Financial management: facilitate change by working alongside business decision makers, influencing and shaping financial plans, and advising on future direction and investment choices.Deliver effective financial management and advisory support for the divisional business, requiring an ability to manage commercial and financial risks. Internal control: Establish and maintain appropriate internal controls to ensure compliance with the policy and internal control requirements of the Bank. Team leadingResponsible for directly managing a junior finance business partner and overseeing the functional execution of the staff member. Responsible for indirectly leading a systems analyst within the Finance Enablement team and overseeing the functional execution of the staff member. Overseeing team planning and structureCA (SA) 5 - 10 years financial managerial experience, preferably in a financial institution. Exposure to executive management will be an advantage.

Role Responsibilities Financial management and control Contribute towards the formulation and implementation of strategic initiatives for the Transactional Product and unsecured lending product divisions. Preparation of relevant management reports in the required format for distribution to business units. Reporting includes, inter alia:Management reporting (financial pack) NIR, interest expense and unsecured EIR inclusive of Opex (actuals, forecast, budget), Capex and Procurement components and revenue analysis Financial tracking of projects and business cases Monitor NIR vs transactional costs to ensure margin growth Reconciliation of Balance sheet accounts linked to unsecured loans, investments and savings/transactional accounts.Interact with and support business, both at an executive and an operational level, on projects, business cases and other finance-related requirements. Assist in achieving the PB’s operating cost budget and driving revenue generation in the Transactional Product divisions by actively engaging business with regard to revenue growth and cost management.

Management of control environment Establish and maintain appropriate internal controls to ensure compliance with the policy and internal control requirements of the Group. Facilitate and support audit and review of controls by internal and external auditors. Monitor internal financial controls in the Transactional Product divisions, and take corrective action where required.Gain a complete and detailed understanding of policies, procedures&controls for the Transactional Product divisions and ensure that they are being properly adhered to.

Procurement Assist business units in managing their electronic procurement management system, controlling their procurement expenditure, and reporting on it. Ensure that procurement policies and procedures are adhered to by the allocated business units. Provide guidance to business in relation to their understanding of the Procurement policy i.e. how to comply with the requirements contained therein.Preparation of monthly management accounts in required format for use in various reporting packs (including but not limited to EXCO and Board reporting packs).

Budgeting, forecasting, financial modelling and building of business cases Overall responsibility for the preparation of annual NIR, interest income and EIR and deposit balance sheet growth. Overall transactional and product opex and capex budgets and forecasts for PB (in the required format) for discussion, review and refinement with the EXCO member and presentation to the Board.Track, monitor and engage with business, both at an executive and an operational level to implement corrective action as and when required. Facilitate and coordinate the compilation of the budgets and forecasts of the individual business units by the respective finance business partners. Establish and maintain framework of cost and revenue drivers, as well as a forecasting framework for each functional business area.Preparation of business cases and financial models, both for individual business units. Produce and analyse a quarterly re-forecast for the purposes of managing the profitability as well as strategic glide path of PB. Produce proposals and manage strategic insights with regard to potentially viable partnerships.

Customer relationships Create and maintain productive relationships with internal and external clients by providing professional and appropriate advice and assistance. Keep the client informed about progress through written communication, telephone communications and/or face to face meetings. Build a positive image by exceeding client expectations at all times.Treat internal and external customers fairly at all times. Specific responsibility for the provision of functional financial support and the management of related relationships with strategic external stakeholders. Development and implementation of the KRA documents for the direct reports. Development and implementation of the appropriate learning plans for the direct reports.Performing periodic performance reviews of the direct reports. Daily management of the respective team. Take appropriate disciplinary measures for any inappropriate behaviour by direct reports

Treating Customers Fairly and Compliance Create and maintain productive relationships with internal and external clients by providing advice and assistance. Create understanding of the‘real’ versus ‘perceived’ need through experience and expertise while complying with company policies,legislation and regulations.Keep the client informed about progress through written communication, telephone communications, and/or face-to-face meetings. Build a positive image by exceeding client expectations at all times. Treat internal and external customers fairly at all times

Management of Resources Manage and develop subordinate(s): Performance management in terms of contracting, reviews and poor performers, Training and development, Employee relations. Manage people efficiencies through leave management, headcount budget, fixed term contracts, staff movements, secondments, staff utilization.Take appropriate disciplinary measures as required. Facilitate induction of new staff within one month of joining the organization

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