Finance Officer - BP&A

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

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

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,

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

Education

Bachelor's Degree: Accounting