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Job Title:  Financial Controller

Organisation: Absa Group Limited (formerly Barclays Bank UK)

Duty Station:  Kampala, Uganda

About US:

Absa Group Limited (formerly Barclays Bank UK) is a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance. Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.

Job Summary:   The Financial Controller will be accountable for all Financial Control activity undertaken in Uganda. This will include  operating the control environment in accordance with Group policies including the Account Ownership and Reconciliation and eliminations policies, operating any relevant  SOX controls and processes as the SOX owner for the platform, maintaining the books and records of the Bank and subsidiary entities.

They will also be responsible for the production and review of all local regulatory reporting, including the production of regulatory balance sheet and profit and loss for the bank and subsidiaries under local rules, production of funding plans, dealing with regulatory request and queries as well as managing regulatory audits. They will be required to engage with the local regulator as necessary.

The role is also responsible for delivering accurate and timely reporting to the Absa Group which will include managing the Group SAP entities of Uganda, making and controlling any adjustments between local and Group reporting and maintaining a record of all such adjustments and completion

and review of all sub-analysis data submitted for Group reporting. The role is responsible for signing off on all financial data used for Group statutory and regulatory reporting.

The role will also ensure Treasury funding bookings are made correctly and assist Tax with collection of data for tax returns.

Key Duties and Responsibilities:

Financial Management Control and Analysis

Financial reporting and Controls – 45%

• Provides advanced financial analysis on a wide range of complex technical and business issues in connection with the jobholder’s area of responsibility, e.g. variances, trend, impact of change initiatives, impact of new accounting regulations, etc.
• Provides an informed view of consolidated financial data, i.e. explaining how individual business areas trends are consolidated
• Recommend actions on any items at risk in the balance sheet.
• Keeps up to date with subject matter knowledge and best practice in this area.
• Investigates internal accounting, and external reporting implications of new and amended accounts for own area of expertise

Reconciliation of financial accounts – 20%

• Review reports from the reconciliation department and spearhead the monthly reconciliation meetings with function heads.
• Recommend actions on any items at risk in the balance sheet..
• Help in compiling audit evidence and ensure all audit issues with regards the balance sheet have been resolved.

Team Building – 15%

• Work as an effective member or leader of a team. Take personal responsibility to identify areas of performance improvement for self and team. Actively share knowledge learnt.
• To manage and motivate direct reports, identifying individual and team development needs and providing coaching and recommending and / or arranging training.
• Conduct formal performance and development reviews for direct reports.

Business Education – 20%

• Acts as a centre of excellence for staff, providing expert help and guidance on a wide range of complex and difficult subjects. There is the need to apply in-depth technical knowledge, use their experience, understand the potential impact of decisions on other areas and interpret requirements.
• Investigate and resolve the more complex problems, issues and queries liaising, with customers, suppliers and other experts, as appropriate.

Qualifications, Skills and Experience:

The applicant for the ABSA Bank Financial Controller job must hold a Postgraduate Degree and Professional Qualifications: Financial Sciences (Required)

How to Apply:

All suitably qualified and interested candidates who wish to join ABSA Group in the aforementioned capacity should apply online at the link below.

Click Here

Deadline: 8th December 2023

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