Financial Manager at Rand Merchant Bank

Job Description

The Finance Manager will carry-out end-to-end financial (regulatory, management, statutory) and risk reporting. The role includes implementing and enhancing the accounting workflow systems and processes within business while ensuring financial controls and procedures are followed and adhered to for various internal and external stakeholders. In addition, compiling statutory, regulatory and management reporting for the Bank. This role will suit an individual who has excellent analytical, critical thinking, interpersonal skills, and a proven track record in establishing and leading highly efficient financial solutions.

Responsibilities:

The successful candidate will be responsible for:

• Oversee the day-to-day Finance operations, including general ledger management for the bank and ensure timely recording of financial transactions including journal entries, period-end journals, and reconciliations.
• Responsible for the preparation of the Bank’s timely financial results and coordinate the consolidation of Financial results for multiple Business Units of the Bank in line with IFRS, regulatory and Group requirements.
• Liaise with internal and external auditors, coordinating and facilitating all required audit processes within required and stipulated business and regulatory timelines. Coordinate the completion of timely audited financial statements and address any audit-related inquiries or findings.
• Responsible for preparing the monthly management and financial accounts, business reports and board documents; provide financial analysis and insights to support decision-making. Develop financial models and forecasts to support strategic planning, budgeting and forecast processes.
• Prepare and file regulatory reports and all relevant disclosures relating to daily, monthly, and quarterly FINA as required by CBN.
• Act as the Business partner for the Treasury business unit liaising with Treasury operations, budget performance monitoring, developing forecast and analyzing variances and other finance related matter for the department.
• Active participation in the budget process and forecast preparations on a periodic basis including analysis and monitoring adherence to the approved budget in line with the group requirements.
• Preparation of all periodic regulatory reports to CBN, SEC and NDIC; Group returns and report analysis using Hyperion Financial management (HFM)- Financial reporting consolidation tool; quarterly BA returns to South African Reserve Bank (SARB).
• Assess tax impact of banking transactions and ensure appropriate tax authorities receive tax return filings and payments as at when due.
• Identify opportunities to streamline financial reporting and control processes leveraging technology and innovative solutions to automate routine task and improve efficiency and accuracy.
• Manage any third parties to which accounting or finance functions have been outsourced.
• Ensure effective compliance and financial controls are in place in line with Group, statutory and regulatory requirement for financial and tax reporting. Monitor compliance and provide guidance to ensure adherence to financial policies and procedures.
• Cross-functional collaboration with Business Units and key Business Enablement functions across the Bank to ensure alignment of financial reporting and control activities. Provide guidance as required on financial reporting matters including accounting treatment and compliance requirements.
• Undertake any additional Finance duties as directed by the CFO.

Qualifications and Experience:

• The successful candidate should be a qualified Chartered Accountant with at least 10years working experience in a financial services institution.
• Good analytical and management skills.
• A sound knowledge of IFRS with excellent financial analysis and communication skills
• A good understanding of regulatory reporting requirements                      
• A sound understanding of foreign exchange, fixed income markets and valuation of financial instruments will be beneficial.
• Hyperion Financial management (Financial reporting consolidation tool) HFM experience will be beneficial.
• Confident to operate in a multi-dynamic global company across various business units and jurisdictions.
• Technologically adept and highly proficient in Ms. Office tools i.e. Excel, word and PowerPoint.
• Strong presentation skills and proven track record of interacting with Executive Management.
• A strong communicator who is deadline and solutions driven.
• Able to operate in a fast-changing and dynamic environment (building a business).
• Able to work as part of a highly innovative and competitive team, meeting demanding deadlines.
• Self –motivated and able to work well both in a team as well as independently.
• A high degree of professionalism and business acumen.
• Strong Business partnering skills.
• Candidates should be trustworthy and display strong work ethics and integrity in all that they do.