Job Purpose
To coordinate and consolidate the budgeting process and revisions thereof in line with Personal & Business Banking strategy within the context of Africa Region Personal & Business Banking and Standard Lesotho Bank strategy frameworks and overall Group / Bank guidelines, and provide Personal & Business Banking management with value-add management reporting and insights in order to evaluate Personal & Business Banking business performance and make informed business decisions.
Key Responsibilities/Accountabilities
• Financial Planning:
Coordinate the annual budgeting process for the PBB business units and revised estimate process to ensure that the planned numbers reflect PBB strategy.
Preparation and presentation of budgets and revised estimates and budgets
• Management Reporting:
Provide proactive insights, analysis and value-add recommendation to PBB management
Provide monthly and periodic Management Information Packs for the purpose of PBB business performance reporting in line with required standards.
Provide PBB Segmental Reporting in conjunction with PBB business architecture
• Prepare and submit monthly Net Interest Margins (NIM) reports and trends for PBB Business Unit Heads with improved insights.
• Cost Management
Management improvement
Challenging the costs
Changing the norm – calling on business to own the numbers
• Cost allocations
Accuracy of cost allocation ratios
Review of cost allocations and providing guidance where necessary
Annual review and continuous assessment
• Providing support to the Finance Management & Budgeting Team.
Staff Development
• To delegate and empower others to improve their contribution and level of responsibility.
• To monitor delegated work to confirm that work has been completed.
• To provide coaching and mentoring to line staff.
• To deliver constructive feedback to staff.
Preferred Qualification and Experience
• General Accounting, Bachelors’ Degree in Accounting, Finance, Business Administration or equivalent with Accounting as a major.
• Postgraduate relevant qualifications and or Chartered Accountancy would be an added advantage
Knowledge/Technical Skills/Expertise
• Computer literacy and knowledge of personal computers and software packages such as MS Word, Advanced MS Excel, MS Power Point.
• Knowledge of SAP or any other management accounting package, e.g. Netweaver, Qlikview. ACCPAC, Pastel, Quick Books
• Knowledge and understanding of Management & Budgeting Principles
• Knowledge of IFRS
Apply here!