Financial Controller

About the role

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. My Career Development Portal : Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility. Job Summary - To provide leadership for the finance team, supporting coaching & development and communication across the team. - To lead the Financial Control and Reporting team, working with the senior management team and African Region financial control to ensure that financial records and controls are in line with all applicable accounting policies/Group policies. - 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. Job Description Key Responsibilities and Accountabilities: General Ledger Oversight and Control - 30% Overall responsibility for general ledger controls within the bank Ensure ongoing improvements to the GL controls and reconciliation process across the bank Review reconciliations performed by the Financial Control team Chairing the Balance Sheet Review Committee meeting and ensuring the effectiveness of the committee Responsibility for maintaining proper accounting records Responsible for ensuring accurate period end close and ensuring all month -end reconciliations are done Responsible for Balance Sheet Review and ensuring all exceptional items are investigated and escalation process established and followed. Approve all new Flex accounts, ensuring mapping in TM1 and SAP are correct Responsible for preparation for audits Responsible for managing the closure of all audit findings, ensure action plans are in place and report to ARO as necessary Statutory & Regulatory Reporting - 30% Responsible for regulatory reporting to the Central Bank of Kenya - Review and approve the completed schedules before they are submitted. Responsible for the quarterly, half year & full year statutory reporting, including newspaper publications. Ensure compliance with IFRS/Group Accounting policies, regulatory guidelines and procedures in Group, Statutory and Regulatory reporting. Maintain close relations with the central bank to understand the direction they are. Responsible for ensuring all board papers (including subsidiary board committee papers) are prepared, reviewed and submitted on time. Set timetable and coordinate auditors requests in respect of both internal and external audits Ensure the timely and effective preparation and maintenance of the Fixed assets register to enable accurate calculation, movement and monitoring of depreciation Stakeholder Engagement - 10% Manage the relationship with external auditors and Absa Internal Audit Maintain close relations with the Central bank, Tax Authorities and other applicable Regulatory Bodies Engage AGL Head of Financial Control and ensure alignment with Absa Group Limited Financial Control Objectives Manage Relationship with Functional heads Risk Management Control and Compliance - 15% Understand the appropriate Group and Africa Region Policies & Standards applicable to role. 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. Ensure that practices and controls required by Policies are communicated to all relevant colleagues Ensure that independent oversight, on a proactive basis takes place of the risk performance (including related control effectiveness) Principal Risks. Maintaining procedures to monitor compliance with Policies and any controls required by them Ensuring compliance with the

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