CORE PURPOSE OF THE JOB
To ensure the accurate allocation of business transactions to the correct reporting structures, whilst ensuring adherence to the bank’s policies and procedures, in order to provide Senior Management with sufficient information to assist with business strategies.
MAIN FUNCTIONS OF THE JOB
Develop processes, policies and procedures relating to the allocation of transactions
• Developing models that facilitate the efficient allocation of transactions to reporting areas.
• Drafting of procedures relevant to new processes implemented.
Ensuring that Balance Sheet positions are accurately allocated to reporting segments, including but
not limited to:
• Advances
• Deposits
• Transactional Banking
• Provisions
Ensuring that Income Statement positions are accurately allocated to reporting segments, including but not limited to:
• Income earned from advances
• Profit paid to depositors
• Provisions
• Other income
• Staff Costs
• Other expenses
Special Projects
• Undertakes special projects and/or assignments as may be requested through the banks leadership structures.
• Introduces efficiencies to stream and enhance controls and procedures through automation and
digitalisation.
• Evaluates and improves, where required, the overall effectiveness of the accounting function and system.
• Assist with financial decisioning for projects across the business taking into account principles of costing,
expensing and capitalization.
• Involvement in and support to leadership on strategic issues including the transformation committee.
• Assist the reporting team with development of recons that allow better accuracy around financial
information.
Staff support
• Assists other team members with queries and provides support in the completion of departmental tasks
QUALIFICATION
• B.Comm (Accounting) or similar financial qualification
PREFERRED EXPERIENCE
• A minimum of 3 – 5 years of experience is required in a Finance department.
KNOWLEDGE
• Strong MS Excel Skills
• Proficient in other MS Office applications (Word, PowerPoint)
• Strong reconciliation Skills
• Knowledge of the Banks Policies and Procedures
Albaraka Bank is an Equal Opportunity Employer. Applicants from the previously disadvantaged groups and people with disabilities will be given preference.