Senior Manager: Finance and Performance at Absa Group

Empowering Africa’s tomorrow, together…one story at a time.

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.

Job Summary

The position of Senior Finance Manager: Cost Optimisation and TP Management is open in ARO RBB. This role provides financial leadership and support to the business, offering guidance on developing and measuring strategic goals from a financial perspective. It drives operational understanding of the financial impact of business decisions and helps achieve financial objectives by delivering accurate, value-added financial management information and analysis. The team continuously supports decision-making for Exco and senior management within ARO RBB. This role specializes in Transfer Pricing and total cost FPA & Reporting.

Analysis and management of ARO RBB Transfer Pricing

• Provide analysis on ARO RBB Transfer Pricing to ensure alignment with the cost optimization strategy.
• Review cost drivers, services and allocation methodology for Group TP and ARO RBB recoveries.
• Manage ARO RBB performance cell reporting to ensure fully absorbed cost reporting for each product and segment.
• Represent ARO RBB at Absa Group TP forums, offering strategic support to ARO RBB Exco through insights and ad hoc analysis of ARO RBB TP.
• Review transfer pricing arrangements for group functions charging to the cluster and recharges from the cluster to other business areas. Monthly, review reports to ensure charges are accurate and address concerns directly with finance teams from other areas.
  
  

Financial management and Business Partnering

• Collaborate with business unit or function heads to determine their performance reporting needs (both financial and non-financial) and agree on deliverables annually.
• Manage the monthend closure process for ARO RBB Head Office business unit and reporting for WD3, WD4 and WD5.
• Define the format for management reports and coordinate with system developers and data providers to create these reports.
• Ensure consistent and accurate reporting ("one version of the truth") that reconciles with reports produced in other areas of the business.
• Review variance analyses prepared by the team for different business units and discuss significant cost variances with business unit heads to understand the reasons.
• Lead investigations into cost-saving initiatives and make comprehensive recommendations to business unit or function heads.
• Provide input and support to project/change teams during the development of business case financials for new projects or initiatives, upon request.
• Support ARO RBB deliver Productivity Programme targets by providing financial management support, reporting, planning and validation of reported benefits.
  
  

Financial Planning & Analysis

• Advise business unit decision-makers on the processes and requirements during the Medium Term Planning (MTP), Short-Term Planning (STP/budget planning), and Revised Annual Forecast (RAF) cycles. Ensure their commitment and thorough input for these activities and support them in translating strategy into financial objectives as needed.
• Manage and review the consolidated financial plans (Total cost) generated by MTP, STP, and RAF, prepared by the team, and conduct quality checks on the consolidations before recommending approval to the Cluster CFO.
• Manage ARO RBB end-to end MTP, STP & RAF process for ARO RBB Transfer Pricing
  
  

People Management

• Develop and support the Specialist: Finance Business Partner/Cost Accountant, as a manager, to meet business requirements
• Embed formal Performance Development and informal coaching within the team.
• Motivate the team and implement measures to recognize and reward direct reports.
• Inspire team members through coaching and mentoring, helping them to perform optimally in alignment with the vision and values, and create a sense of urgency and excitement around the business.

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