New Job Vacancy at ABSA Bank Limited Tanzania, Finance Officer - BP&A

ABSA Group Limited

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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.
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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.

Finance Officer - BP&A
Position: Finance Officer - BP&A
Location: Absa House - ABTBring 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.

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Job Summary
Job Purpose.
Job holders will assist BP & A team in preparation and processing information
The jobholder also help to maintain the Head Office creditors’ payments (accounts payable)
Assist the Financial controller and provide support during auditing process

Job Description
Job Purpose.Job holders will assist BP & A team in preparation and processing information
The jobholder also help to maintain the Head Office creditors’ payments (accounts payable)
Assist the Financial controller and provide support during auditing process
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Key Responsibilities:
Reporting

• Perform cost analysis month on month
• Receive and process TM1 extracts as at 10th, 20th, and end month.
• Provide Reconciliations SAP, Compass and TM1
• Carry out trend analysis to, measure the accuracy of the data
• Document all agreed adjustments.
• Ensure system backups are done
• Support business units in monthly reporting
• Provide accurate and timely MI on financial performance of the business as reported to stakeholders
• Perform daily trend analysis of financials
• Preparing industry performance synopsis
• Maintain sound control and process flow of the vendors’ invoice processing under accounts payable.
• Daily receiving and recording of the vendors’ invoices for payments
• Processing and scanning of the invoices for the vendor payment process daily through KOFAX.
• Follow up on the status of the unapproved invoices in the system and advice financial controller on the issues on cockpit.
• Preparing telegraphic transfers (TT) for the vendors’ payments outside Absa bank Tanzania
• Preparing the funding entries and updating BSS team
• Monthly preparation of the amortisation entries for prepaid expenses
• Preparing monthly accruals journals for major costs (every week 2)
• Periodical review of the cost accruals against actual costs booked in a month
• Any other duties as directed by the line manager

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Skills required undertaking the role:

• Understanding of short-, medium- and long-term strategies, goals and objectives
• Understanding of Governance and controls
• An Appreciation of the external economic, political, legal and regulatory environment and their impact to the business.

Risk and Control Objective:

• 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 judgment 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 All mandatory training completed to deadline

Product knowledge

• Good knowledge of the bank’s products
• Fair knowledge of the system operations - Brains

Specific requirements

• Basic university education,

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Training required

• Product / Service knowledge
• Stakeholders’ management
• Vendors SLA agreements

Skills required to undertake the role

• Strong analytical skills
• Interpersonal skills – Time & stakeholders’ management
• PC skills
• Ability to work to tight deadlines without compromising accuracy

Personal Attributes

• Team player
• Analysis and judgement
• Proactive
• Information gathering
• Thoroughness
• Business awareness
• Persuasive
• Good communication, report writing and presentation skills.
• Quality conscious
• Adaptability

Skills Required

• Strong analytical skills
• Interpersonal skills
• PC skills
• Ability to work to tight deadlines without compromising accuracy

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Absa Values
Absa’s Values and Behaviours 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

• Bachelor's Degree: Accounting

Deadline: 02nd June, 2022.

CLICK HERE TO APPLY!