Closing Date 2025/01/31
Reference Number DBS250116-1
Job Grade 16
Job Type Classification Permanent
Location - Town / City Midrand
Location - Province Gauteng
Location - Country South Africa
JOB DESCRIPTION
Support the back-office team to achieve financial strategy and vision by ensuring alignment of the Bank's Financial Strategy, through conducting financial modelling, scenario planning and forecast and reviewing and amending financial policies to support the business.
KEY RESPONSIBILITIES KEY PERFORMANCE AREAS:
Strategic Reporting and Investment Support:
1. Facilitating the alignment of the financial strategy with the business strategy as far as the asset and liability portfolio of the Bank is concerned.
2. Review the asset and liability performance to confirm alignment between the DBSA corporate strategy with the Bank's operating model.
3. Preparation of reports encompassing financial modelling, scenario planning, and forecasting in support of the strategic direction for the DBSA Asset and Liability portfolio.
4. Provide assistance and guidance in developing supporting systems and procedures.
5. Provide financial and statistical reports for executive decision making.
6. Review and amend financial policies and procedures to support the business and ensure alignment with procedures, strategies and financial rules and regulations.
7. Provide proactive and regular forecasting and scenario planning for corporate and divisions.
8. Interpret and analyse key financial information current and forecast and ratios to assist in financial decisionmaking.
9. Implement expense-management strategy to be utilised for financial analysis, decision-making and cost savings.
10. Escalate any deviations and challenges to management, with recommended remedial and mitigating actions.
11. Implement financial control processes and ensure effective management of working capital, margin management, risk management and disciplined financial best practice.
Management Reporting and Information systems:
1. Preparation and review of the notes to the financial statements and ensure accurate quality and timeliness of the quarterly and annual results.
2. Review of financial processes and systems and ensuring regular updates.
3. Prepare financial plans and budgets for executive decision-making.
4. Preparing balance sheet and cash flow projections with accuracy, reliability, and on time.
5. Impairment assessments and review of the asset portfolio for adequacy of provisions on the credit portfolio and reasonableness of fair values of the unlisted equity investments
6. Provide proactive and regular forecasting and scenario planning for corporate planning for assets and liabilities.
7. Assess processes and recommend continuous improvements on back-office support operations.
8. Review own actions against the organisation plan (Balance Score Card) and look at the "big picture" when considering opportunities.
9. Evaluate functions against the organisational plan (Balanced Scorecard) and ensure achievement of targets while considering the broader strategic perspective and identifying opportunities.
10. Keep abreast of the DBSA's business functions, business developments and trends.
11. Maintain ongoing compliance in terms of legislative (Treasury, PFMA), financial, tax and related matters.
12. Provide information and insights in the preparation of annual and interim financial reports.
13. Review payments to ensure protection against or early detection of fraudulent activities.
14. Conduct research and analyse complex and diverse information to gather insights and market data.
15. Support in the design of workflows and procedures.
Stakeholder Management:
1. Provide direction and management to colleagues where applicable.
2. Build relationships with stakeholders across the organisation to ensure open communication and to obtain a deep understanding of the Bank's operations.
Key Measurements of Outputs:
1. Understanding of core operations: accurate interpretation of DBSA’s core operations.
2. Initiative through active contribution to new initiatives.
3. Accuracy, quality and timeliness of quarterly and annual accounts.
4. Accuracy, quality and reliability of financial reports.
5. Effective implementation processes with detailed procedural manuals as well as policies and documentation of business processes.
6. Effective execution and quarterly updates of financial processes.
7. Budget and forecast accuracy: precision in balance sheet and cash flow projections.
8. Management of client relationships and key internal and external Stakeholders.
9. Continuous learning through new finance skills acquired.
10. Active participation in working groups and committees.
11. Clean Audit
Key Internal Liason Relationships:
1. Group Executive: Risk
2. All DBSA Divisions
3. Overall DBSA management
4. Audit & Risk Committees
Key External Liason Relationships:
1. DBSA Suppliers and Vendors
|
EXPERTISE & TECHNICAL COMPETENCIES
QUALIFICATIONS AND EXPERIENCE:
Minimum Requirements:
1. A Bachelor’s Degree in Commerce or Finance or Accounting.
2. A minimum of 5 years’ experience in investment banking within the banking environment.
3. A minimum of 2 years’ experience in relevant treasury accounting, assets and liability portfolio management and experience.
4. A strong career track record in the back office in a large, complex organisation with multi-dimensional businesses within the banking sector for a minimum period of 4 to 5 years, preferably in an investment banking environment.
5. Strong, current understanding of and a strong commitment to good corporate governance and specifically international reporting standards including IFRS 9, IFRS, Basel, GAAP and other regulatory requirements including the PFMA.
6. Understanding of key financial markets.
7. Knowledge of the relevant legislative framework, i.e. King IV, MFMA, PPPFMA and other relevant legislation etc.
8. Strong understanding of the integration of back, middle and front office.
Desirable Requirements:
1. A CA(SA) or CFA qualification.
2. Exposure to African global markets.
3. Equity valuation experience.
4. Good understanding of SAP, quantum and other accounting tools.
TECHNICAL COMPETENCIES:
Financial Accounting
1. Thorough understanding of relevant accounting principles for DBSA and ability to guide others in their application.
2. Implements controls for and monitors accounting transactions to ensure legal/regulatory compliance, and accuracy and timeliness of accounting information.
3. Ability to apply credit/collection concepts independently, and able to adapt or develop new procedures as needed within DBSA and professional guidelines.
4. Identifies bottlenecks and areas for improvement within the organisation’s Financial Services concerning the efficiency and accuracy of the existing financial systems and processes.
Costing and Budgeting
1. Able to prepare and input budget information for various departments.
2. Able to produce standard monthly cost/variance reports for distribution to line management.
3. Provides analytical support to the Finance function in the preparation of financial proposals, submissions and projected costs to be included in budgets and allocations.
4. Understands DBSA monthly close/trial balance procedures.
5. Understands DBSA cost/revenue centre structure.
Detail Orientation
1. Identifies multiple sources/approaches of information to ensure that details are addressed.
2. Reviews the work of others for accuracy and thoroughness.
3. Follows up to ensure tasks are completed and commitments met by others.
Financial Analysis
1. Basic general knowledge of applicable statutes, regulations, entity/company practices and concepts.
2. Interprets and applies laws and regulations, analyses information and evaluates the impact of policies/procedures and practices.
3. Accumulates data; summaries information into pertinent, understandable, and presentable form; discerning valid from invalid comparisons of data; and seeking explanation for
4. variations in the data.
5. Initiates and maintains working relationships with stakeholders.
Financial Acumen
1. Possesses sufficient expertise to establish and manage income and expenditure monitoring systems for own area of the business.
2. Understands cost/revenue drivers within own area and is able to take actions to control resources and expenditure to meet financial targets.
3. Understands basic management accounting reports and the processes by which financial resources are identified, obtained, allocated, managed, and accounted for.
Planning and Organising
1. Is relied on to helps another plan and organise their workload.
2. Uses effectively advance time management processes to deal with high workload and tight deadlines.
3. Organises, prioritises and schedules tasks so they can be performed within budget and with the efficient use of time and resources.
4. Achieves goals in a timely manner, despite obstacles encountered, by organising, reprioritising and replanning.
Solutions Focused
1. Identifies optimal solutions based on weighing the advantages and disadvantages of alternative approaches.
2. After implementation, evaluates the effectiveness and efficiency of solutions.
Detail Orientation
1. Reviews all relevant information or aspects of a situation before taking action or making a decision.
2. Pays close attention to details that are important to others to make sure they are right.
3. Verifies that work has been completed according to the standards and procedures.
Negotiations Skills
1. Is able to state own case, leaving some room for negotiation.
2. Is well-versed with negotiation protocol and etiquette.
3. Is able to successfully conclude simple negotiations on a factual basis.
4. Knows when to seek advice/guidance during a negotiation.
Written Communication
1. Understands that different writing styles are required for different documents or audiences.
2. Write effective correspondence, prepares questions and reports, statements of circumstance and briefing notes.
3. Reviews others’ documents for clarity and impact.
4. Has a solid mastery of writing principles such as grammar, sentence construction etc.
REQUIRED PERSONAL ATTRIBUTES
Behavioural Competencies:
Customer Service Orientation
1. Tries to understand the underlying needs of customers and matches these needs to available or customised products and services.
2. Adapts processes and procedures to meet on-going customer needs.
3. Utilises the feedback received by customers to develop new and/or improve existing services/products that relate to their on-going needs.
4. Thinks of new ways to align DBSA’s offerings with future customer needs.
Self-awareness and Self Control
1. Withholds effects of strong emotions in difficult situations.
2. Keeps functioning or responds constructively despite stress.
3. May apply special techniques or plan of time to manage emotions or stress.
Strategic and Innovative Thinking
1. Experiments with new approaches, tests scenarios, questions assumptions, and challenges conventional thinking.
2. Creates new concepts that are not obvious to others, leveraging internal and external sources of information, to build incremental revenue and growth opportunities.
Driving Delivery of Results
1. Sets challenging goals that will have a significant impact on the business or support the organisational strategy.
2. Commits significant resources and/or time to ensure that challenging goals are achieved, while also taking action to mitigate risk.
Teamwork & Cooperation
1. Acts to promote a friendly climate and good morale, and resolves conflicts.
2. Creates opportunities for cross-functional working.
3. Encourages others to network outside of their own team/department and learn from their experience.
Information Seeking and Analysis
1. Investigates the problem or situation beyond routine questioning.
2. Breaks down problems into simple lists of tasks or activities.
Flexibility
1. Changes his/her perception, ideas or alters normal procedures to fit a specific situation to get a job done and/or meet company goals.
Decisiveness
1. Acts promptly to address urgent needs, taking quickly those decisions which need to be taken.
2. Assesses available information to reach a clear view of key options and selects the best option at the time.
3. Thinks on their feet when necessary
Interpersonal Skills
1. Understands emotion (by reading body language, facial expression, and/or tone of voice) and what the other person explicitly says about a business or other issue (the other person’s explicit content that goes beyond labelling their emotions).
Analytical Thinking
1. Analyses and interprets multiple complex causal links: several potential causes of events, several consequences of actions, or multiple-part chains of events in order to prioritise and develop a plan of action.
Achievement Orientation
1. Undertakes challenging assignments and strives to complete them.
2. Sets priorities and chooses goals on the basis of calculated costs, anticipated benefits and improvement of performance.
3. Aims at exceptional performance; setting out to achieve a unique standard.
4. Constantly analyses outcomes to ensure the achievement of business goals.
5. Identifies short-term opportunities or potential problems aiming to achieve better outcomes.
|
English 
FRENCH
