Assistant Management Accountant

Description

• Responsible for effective and efficient execution of all day-to-day management accounting activities as well as the provision of support and assistance to the Management Accountant Officer and the Manager: Management Accounting with regards to management and control of the management accounting processes within the Bank

Duties

• Management and Cost Accounting:
• Assist with control over costs and expenditure for the Bank by drawing monthly reports to analyse and interpret exceptions
• This includes following up on identified exceptions, obtaining satisfactory explanations and preparing a monthly report to the Manager: Management Accountant
• Responsible for the preparation and interpretation of financial statistics to the branches and support units
• This includes the preparation of monthly reports explaining possible reasons for adverse variances in reasonable time
• Assist with accurate preparation of management accounts and distribution to business units/segments in a timely manner
• Assist with the prevention of revenue leakages through the analysis and interpretation of monthly exception reports and reporting the leakages to the Manager: Management Accountant
• Financial Planning and Budgeting:
• Responsible for effective and efficient preparation and processing of all budget information on the accounting systems, e.g. SAP and TM1, in accordance with company rules, regulations, accounting principles and policies
• Responsible for the input of information for the consolidation and preparation of the annual budgets, revised estimates and rolling financial forecasts for the Bank and its subsidiaries
• Assists with the application of financial models in order to perform “what if” forecasting scenarios and financial options based on changing variables
• Assist with the ongoing measuring and monitoring of actuals against budget to assess progress and to identify problem / risk areas and / or growth opportunities
• Ensure adherence to all set deadlines related to the processing of all budget information
• Pricing and fees:
• Assist with analysing competitor pricing, assess market share and margins, and track customer engagement in order to gain a complete picture of effective pricing strategies for the bank
• Assist with annual pricing review and updating the Fee Poster and Brochure in compliance with the Bank policy and BoN requirements and regulations
• Assist with the preparing both written reports and visual presentations on transaction volume and pricing analysis findings at a monthly meeting, with insights, trends, and suggestions to appropriate committees and occasionally to executives
• Special Projects:
• Assist with the pre- and post-implementation evaluations of new and existing projects to confirm financial feasibility/outcomes Assists with the impact calculations of new revenue streams
• Ensure that both internal and external customers are treated in a helpful, professional and friendly manner
• Ensure that all day-to-day customer queries are handled in a timeous manner and feedback provided to clients
• Responsible for performing other ad hoc duties as appropriate and as requested by Management Accounting Officer, Manager: Management
• Accounting and Head: Management Accounting
• Ensure effective and efficient completion and updating of all operational checklists in the department at all times and within set deadlines

Requisites

• Experience/Knowledge & Skills:
• At least 3 years’ working experience in the management accounting field preferably in the financial industry
• Knowledge of accounting systems (SAP and TM1) and processing activities
• Ability to work independently, take initiative and ownership
• Ability to perform well under pressure, meet strict deadlines and deliver high quality of work
• Must have an aptitude for detail and critical analysis with good problem-solving skills
• Proficient in Microsoft Suite (Word, Excel and PowerPoint)
• Good interpersonal relationship skills
• Good verbal and written communication skills
• Possess good time management, planning and organizing skills
• Willingness to work extended hours when required
• Qualifications:
• Bachelor Degree in Accounting or equivalent from a recognised tertiary institution
• AND
• Completed articles at a reputable audit company
• OR
• Partly qualified management accounting professional
• Experience in the banking sector will be an added advantage
• Core Competencies:
• Planning, Organising & Controlling
• Persuasiveness
• Assertiveness
• Interpersonal Sensitivity
• Organisational awareness
• Problem Solving, Analysis and decision making
• Insight/understanding

Notes

• Only shortlisted applicants will be contacted