Bank Windhoek is recruiting an Assistant Management Accountant, to be based in Windhoek, Namibia.
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