Divisional Head, Financial Planning & Analysis at Interswitch

Job Summary:

To manage business plans, forecasts and budgets for the group by reviewing and coordinating plan submissions between regions, divisions and groups, carrying out variance analysis between actual financial performances and budgets or forecasts in order to increase the quality of planning, analysis, timely & effective analysis of our financial performance against plan and communication of said analysis for decision making

RESPONSIBILITIES

• Responsible for the consolidated reporting of group monthly results to the group executives, management, and board.
• Addressing all ad hoc reporting/ financial presentation requests.
• Responsible for accurate allocation of revenues and expenses into the right cost centres and also assess the impact of changes in Macroeconomic variables or accounting standards on current reporting practices for significant transactions.
• Structuring and enhancing reporting templates as appropriate.
• Responsible for analytical review of all Management Reporting, ensuring that robust commentaries are prepared to support and tell the story behind the numbers.
• Prepare and coordinate the completion of various data and analytics reports using software such as Power BI.
• Responsible for the automation and continuous improvement of planning and reporting. Integration of acquisitions and new ventures from a reporting standpoint.
• Assist in the preparing of Technical Accounting Papers on Complex or new Financial Transactions (where needed)
• Undertake strategic and tactical financial analysis, modelling, and evaluation to support business leaders in their decision-making.
• Responsible for managing the end-to-end process for the Annual Budget and periodic forecasting for Operating expenses, Capital Expenditure and Group cashflow preparations.
• Provide financial modelling input into business cases, costs, and schedules to support growth in the business.
• Responsible for analytical review of all Management Reporting, ensuring that robust commentaries are prepared to support and tell the story behind the numbers.
• Serve as a gatekeeper on efficiency measures from a Finance standpoint for the Group by monitoring Key Performance Indicators on efficiency ratios at the Group, Regional, divisional and departmental levels.
• Monitoring, analysing and interpreting Business KPIs, commenting as appropriate and reflecting in reporting.
• Conduct research using primary data sources and select the information needed for the analysis of key themes and trends.
• Contribute to the development and delivery of financial policies, guidelines, and protocols to ensure the company complies with regulations and good financial practices.
• Act as a business partner to key internal customers and manage relationships with them. Resolve queries from internal or external customers or suppliers by providing information on complex processes and related policies, referring to others where necessary for interpretation of policy.
• Advise managers on how to apply a wide variety of existing procedures and precedents.
• Maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.
• Deploy user/departmental-specific BI dashboards on cost drivers or revenue analysis to ensure businesses have a near real-time view of their cost drivers and financial performance.
• Manage and drive the performance of direct reports, set appropriate performance objectives and hold them accountable for achieving these, provide constructive performance feedback, and take appropriate corrective action where necessary to ensure team/personal objectives achievement.
• Motivate, develop and grow the team by providing training, coaching, mentoring and identifying talent and successors for pivotal roles.

EDUCATION

General Education

• BSc. From an accredited university with a minimum of second-class upper.
• A Masters in Business Administration will be an added advantage

EXPERIENCE

General Experience

• At least 5 years of Financial Planning & Analysis or Financial control and management experience in a Financial Services or Technology Institution.
• Experience should include Budgeting & Forecasting, Financial Statement or Business Performance Analysis, Knowledge of Financial Reporting Standards, Project Management, Use of Data Analytics Software (e.g. Power BI/ Tableau/ Python).

Managerial Experience

• At least 3 years in a leadership position, managing and coordinating resources preferably a Financial Planning team or financial control team.