Jobs in Kampala Uganda Absa Group Limited (FORMERLY BARCLAYS BANK UK) Jobs in Kampala Fresher Treasury Mi Jobs in Kampala at Absa Group Limited (FORMERLY BARCLAYS BANK UK) Fresher Treasury Mi Employment opportunities Absa Group Limited (FORMERLY BARCLAYS BANK UK)
Job Title ⇒ Treasury Middle Office Analyst
]https//www.theugandanjobline.com/
Organization ⇒ Absa Group Limited formerly Barclays Bank UK
Duty Station ⇒ Kampala, Uganda
About US ⇒
Absa Group Limited formerly Barclays Bank UK is a diversified standalone
African financial services group, delivering an integrated set of products and
services across personal and business banking, corporate and investment
banking, wealth, investment management and insurance. Absa Group Limited is
listed on the JSE and is one of Africa’s largest diversified financial
services groups with a presence in 12 countries across the continent and
around 41 000 employees.
We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius,
Mozambique, the Seychelles, South Africa, Tanzania Barclays Bank in Tanzania
and National Bank of Commerce, Uganda and Zambia. We also have representative
offices in Namibia and Nigeria, as well as insurance operations in Botswana,
Kenya, Mozambique, South Africa, Tanzania and Zambia.
Job Summary ⇒ The Treasury Middle Office Analyst will mainly process
financial transactions accurately and timeously through the execution of
predefined objectives as per agreed standard operating procedures SOPs.
Key Duties and Responsibilities
Financial Reporting
⇗ Prepare and coordinate the preparation of financial statements, management
reports, financial reports, statutory reports, Financial Services Council
Report, monthly scorecards, sales reports, special data analysis, and ad-hoc
information reports to enable decision making
⇗ Analyse cash flow, cost controls, and expenses to guide managers as well as
analyse financial statements to pinpoint potential weak areas If needed sign
off on Taxation and VAT implications by guiding the correct completion by the
dedicated staff to comply with statutory guidelines and group reporting
timelines
⇗ Submit financial reports to the Chief Financial Officer CFO, Business
unit head, Cluster Finance and the Group Finance Team on or before the agreed
deadline
⇗ Coordinate the preparation of budgets and variance reports by business
units and 2 departments and ensure that all cost centre managers are engaged
within agreed timeframes
⇗ Highlight variance from the business plan such as over-spend and provide
explanatory notes for those variances
⇗ Analyse financial results on a monthly basis and summarise them so as to
enable the Business unit Management Team to take timely and appropriate
actions
⇗ Prepare or oversee the preparation of monthly Group and Management reports
including Balance sheet, Income statement and interdivisional schedule by
extracting Balance sheet and Income statement from Analyst financial
reporting system to enable reporting in the prescribed format.
⇗ Sign off and discuss the monthly short term plan STP, medium term plan
MTP and rolling forecast RAF and budgets with the relevant stakeholders to
enable consolidation into the Cluster forecast and budget.
Financial Modelling
⇗ Create excel based financial models or utilise tools available for all
financial reporting requirements and build a data base of accurate financial
and non-financial information which can be used to extract historical
financial information
⇗ Extract financial and all applicable information from various sources, for
example, the General Ledger GL
⇗ Support the Management Team to understand their financial and management
accounts, expenditure allocation, transfer pricing on their profit and loss
accounts and how to conduct financial planning and forecasting
⇗ Suggest solutions to enhance cost effectiveness and operating efficiency of
the business unit.
⇗ Ensure that all action plans that have been agreed to are documented and
assigned to the relevant owners and that the financial impact as regards the
implementation is monitored.
Financial Control and Compliance
⇗ Maintain appropriate internal control safeguards in line with the ABSA
Group requirements by regularly reviewing all variance reports and other
reports where applicable.
⇗ Interact with the ABSA Internal Audit team and provide necessary
information as and when required.
⇗ Ensure that the cost centre managers comply and adhere to the all
regulations and policies when reflecting the financial position of their
departments
⇗ Ensure that the business unit complies with governance and budgetary
reporting requirements by always keeping abreast with new governance and
policy developments.
⇗ Review and sign off on the quarterly General Ledger Control Frame work
prepared by the preparers in the prescribed format to enable the Business unit
manager to attest to the correctness and completeness of the Control
framework.
⇗ Sign off on the quarterly supplementary schedules and FD attestation to
Group Finance prepared by the relevant staff in the prescribed format
⇗ Provide input to Group Finance and the Cluster Chief Financial Officer
during the development or update of financial policies, procedures, standards
and governance with a focus on improving these frameworks to make it easier
for departments to comply with requirements and improved efficiency.
⇗ Educate department heads on financial governance requirements in one-on-one
coaching sessions and through meeting with business unit Exco teams.
⇗ Work with the Data Stewards in the business unit to log all data quality
issues identified by members of the management accounting team or line
managers.
⇗ Participate in investigations to resolve data inconsistency issues and the
refinement of data definitions for financial information specific to the
business unit.
⇗ Ensure that all significant variances budget vs. actual are identified
and reported to Business unit Exco and that all numbers prepared are 100%
accurate.
⇗ Ensure that processes, control requirements and risk management frameworks
that impact the management accounting area are documented and understood by
all members of the team.
⇗ Own and agree corrective action items with Internal Audit and Management 3
Assurance for findings related to the management accounting area in the
cluster.
⇗ Arrange issue assurance for closed audit findings. Ensure that the team
understands all compliance requirements and call for the area's Compliance
Officer to conduct briefing sessions if gaps are identified.
⇗ Ensure that all regulatory requirements are adhered to.
⇗ Ensure that all team members understand the control requirements related to
physical and systems access control and information security.
⇗ Collect access cards from employees leaving the department or the bank and
send instructions to IT and HR to remove their systems access
Stakeholder Engagement
⇗ Provide advice and support to cost centre managers on financial risks and
control matters that may have an impact profitability
⇗ Interact with Business unit heads to have a clear understanding of the
business
⇗ A good understanding of key value drivers to advice business on appropriate
intervention strategies to meet targets
⇗ Communicate financial policies, procedures, standards and guidelines to the
business unit management team.
⇗ Support projects by developing the financial component of the business
cases that are created by the management Team to actively track and change
benefits and costs of the project.
⇗ Provide strong support to the operational team by having regular meetings
with them to share financial performance
Qualifications, Skills and Experience ⇒
⇗ The ideal candidate for the ABSA Group Treasury Middle Office Analyst job
must hold a Higher Diploma in Financial Sciences Required
How to Apply ⇒
All suitably qualified and interested candidates who wish to join ABSA Group
in the aforementioned capacity should apply online at the link below.
Click Here ]https//absa.wd3.myworkdayjobs.com/en-
US/ABSAcareersite/job/Kampala/Treasury-Middle-Office-AnalystR-15911648-1
Send your Application Through
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Email⇒
URL⇒Link
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Jobs in Kampala Uganda Absa Group Limited (FORMERLY BARCLAYS BANK UK) Jobs in Kampala Fresher Treasury Mi Jobs in Kampala at Absa Group Limited (FORMERLY BARCLAYS BANK UK) Fresher Treasury Mi Employment opportunities Absa Group Limited (FORMERLY BARCLAYS BANK UK)
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Monday, 16 November 2020
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