Financial Controller

Absa is a bank operating across Africa, providing a range of financial products and services.

Responsible for the integrity of the entire financial control process in addition to the reporting of external financial statements, tax and regulatory reports, Group reports and management/board performance reports. To be a trusted technical expert with respect to Central Bank regulations, IFRS/IAS and other Group Policies within Finance, ensuring that accounting is in compliance with IFRS and regulatory accounting guidelines. To ensure that appropriate statutory audits and examinations are conducted in a professional and timely manner. Lead the cost control management across the bank, supporting the Business Partners with review and challenge of both BAU and Project costs. Provide finance support and input into business and operational improvement projects across the bank. Deliver improved Risk Management Control and Compliance. Key Role in championing and managing change introduced as a result of the New Projects and other initiatives/programmes impacting on the bank. Manage the balance sheets and the profit and loss accounts of the subsidiary companies and provide avenues for improvement. Responsible for maintaining the banks creditors’ ledger.

1. Overall responsibility for general ledger controls within the bank
2. Ensure ongoing improvements to the GL controls and reconciliation process across the bank
3. Review reconciliations performed by the Financial Control team
4. Chairing the Balance Sheet Review Committee meeting and ensuring the effectiveness of the committee
5. Responsibility for maintaining proper accounting records
6. Responsible for ensuring accurate period end close and ensuring all month –end reconciliations are done
7. Responsible for Balance Sheet Review and ensuring all exceptional items are investigated and escalation process established and followed.
8. Approve all new Flex accounts, ensuring mapping in TM1 and SAP are correct
9. Responsible for preparation for audits
10. Responsible for managing the closure of all audit findings, ensure action plans are in place and report to ARO as necessary
11. Responsible for regulatory reporting to the Central Bank of Kenya – Review and approve the completed schedules before they are submitted.
12. Responsible for the quarterly, half year & full year statutory reporting, including newspaper publications.
13. Ensure compliance with IFRS/Group Accounting policies, regulatory guidelines and procedures in Group, Statutory and Regulatory reporting.
14. Maintain close relations with the central bank to understand the direction they are.
15. Responsible for ensuring all board papers (including subsidiary board committee papers) are prepared, reviewed and submitted on time.
16. Set timetable and coordinate auditors requests in respect of both internal and external audits
17. Ensure the timely and effective preparation and maintenance of the Fixed assets register to enable accurate calculation, movement and monitoring of depreciation
18. Manage the relationship with external auditors and Absa Internal Audit
19. Maintain close relations with the Central bank, Tax Authorities and other applicable Regulatory Bodies
20. Engage AGL Head of Financial Control and ensure alignment with Absa Group Limited Financial Control Objectives
21. Manage Relationship with Functional heads
22. Understand the appropriate Group and Africa Region Policies & Standards applicable to role.
23. Understand and manage risks and risk events (incidents) which are faced in the role thereby contributing to the adherence to the Group Risk and Control Framework.
24. Ensure that practices and controls required by Policies are communicated to all relevant colleagues
25. Ensure that independent oversight, on a proactive basis takes place of the risk performance (including related control effectiveness) Principal Risks.
26. Maintaining procedures to monitor compliance with Policies and any controls required by them
27. Ensuring compliance with the Group process for applications for waivers and dispensations and the notification of breaches of Policies as appropriate
28. Provide leadership, line management & coaching to both the Financial Control team and more broadly across finance
29. Manage the provision of training and support to other areas of the bank to ensure they have sufficient financial understanding to support the Financial Control function
30. Proactive member of the bank’s senior leadership team committed to achieving success and providing support for Colleagues.
31. Pursue your own personal development to increase job effectiveness

1. Bachelor’s Degree from a recognized university
2. ICPAK Accreditation
3. Thorough knowledge of the banking products/services offered, as this will determine the accounting treatment in the books of the bank.
4. Knowledge in Bank’s strategic objectives and systems
5. Significant practical experience in a Senior Finance role
6. Experience in management reporting in a financial institution
7. Demonstrated ability to manage, motivate and develop a team and effectively work with other staff
8. Technical and practical skills in financial controlling.
9. Knowledge of the Bank’s procedures and processes
10. Up to date knowledge of VAT, WHT and Income Tax