Impairments Finance Analyst

Job Description

Absa Group is looking for an Impairments Finance Analyst to lead Credit Finance activities with a strong focus on IFRS 9 Financial Instruments. The role involves managing the full Finance Impairments process, including journal preparation, reconciliations, reporting, and analysis. The ideal candidate will provide timely and accurate financial insights, drive automation, and ensure financial integrity while supporting RB Credit's transformation and growth objectives.

Requirements

• Minimum B-degree (NQF level no.7)
• Desired Post Graduate Degree (NQF level no.8+)
• CA (SA) or CIMA or MBA qualification preferred
• 3+ years professional financial management experience
• 2+ years Banking Experience at a management level
• Experience in executing finance processes
• Experience in commercial innovation environments
• Broad Finance knowledge including strategic, commercial, legal, risk and operational aspects
• Understanding of the financial services sector within a professional business environment
• Strong problem-solving skills
• Strong data analytical skills
• Strong technical accounting skills

Responsibilities

• Serve as a subject matter expert on financial data integrity, accounting processes, reconciliations’, analysis and reporting for end-to-end Financial Management
• Develop and sustain knowledge and experience on the end-to-end processes, including relevant systems
• Provide first line of operational support to internal and external auditors and address all queries effectively and efficiently
• Responsible for continuous operational excellence and real-time responsiveness of finance to enable business to achieve growth and profitability objectives
• Prepare for all financial cycles in advance and ensure adequate engagement with relevant finance and business teams
• Focus on information-driven performance improvement and formulate data into easy access standardised views
• Ensure that the CFO is appraised of key financial issues to enable integrity and timely management of the business unit
• Continuously enhance operational practices by introducing innovative approaches and leveraging digital technologies
• Have a holistic eco-system view of business (geography, customer, channel and product) in developing information views
• Build innovative finance business case financial information, insights and benefits tracking solutions to continuously inform management decisions
• Transform and evolve Finance planning, tracking and control processes
• Contribute to BCM & Cybersecurity processes relevant to the business unit and finance execution
• Build trust in the finance function through the creation of a single source of financial information
• Generate innovative easy to comprehend progress reports for leaders on their strategic agenda, short-term and long-term plans and investments, operational success metrics, efficiencies, risks and mitigations
• Own the process of delivery of high-quality information for regular and ad-hoc enhanced reporting
• Act in line with the correct governance and control frameworks across the Finance team and proactively address any deficiencies
• Develop and implement control procedures to support the production of error-free reports
• Assess and drive improvement of business accounting practices and policies
• Provide contextual insights into performance reports
• Integrate advanced modelling and analysis capability to provide actionable intelligence
• Generate finance narratives and insights driving business and build pioneering new propositions
• Ensure appropriate, quality and timeous delivery of accurate financial and non-financial management information to support business objectives
• Deliver reporting reflecting deep commercial, holistic understanding, coherency, clarity, and contextualisation
• Provide thought-leadership, insight, influence and challenge on evolving stakeholder information requirements and reporting processes
• Align to processes around month-end, year-end and planning cycles
• Manage the production of regular, high quality, standardised financial and non-financial reporting and analytics
• Coach, inspire, engage, mentor and develop finance and business savvy leaders
• Network with finance colleagues across Group Finance and create awareness of challenges, opportunities and issues and encourage collaboration
• Focus on Finance skills evolution and remaining relevant
• Ensure deep personal understanding of income statement, balance sheet, margin returns, variance analysis, capital and liquidity requirements, revenues, assets, liabilities and capital, expenses, headcount analytics and other key ratios through relevant business engagement