Head: Financial Control and Procurement - Sandton
Bidvest Bank
Primary Purpose As a Head Financial Control and Procurement, you will be will accountable for managing the financial control function within Bidvest Bank and subsidiaries. Includes the development of a financial and operational strategy, metrics tied to the strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results. Minimum Requirements Qualifications - CA(SA) Experience - 5 years' in a similar capacity managing the entire function - 5 - 8 years' within the industry, experience in an auditing firm is ideal (Ideal) KNOWLEDGE, SKILLS AND ABILITIES REQUIRED - Knowledge and understanding of the complexities involved in Financial Control, Statutory reporting, technical accounting and Taxation within the Bank - Expert knowledge - Tax Legislation, Principles and Accounting SA Governing Bodies and Reporting Structures as well as Reporting Framework and timelines - Internal policies and procedures - Ability to operate effectively under pressure - Financial acumen - Integrity - Management and leadership skills - Attention to detail - Excellent communication skills Duties and Responsibilities include but not limited to: CUSTOMER CENTRICITY Daily Operations - Advise on market best practice for all Financial Control functions and implement operational best practices - Monitor the implementation of strategic objectives - Take initiative for problem solving and have a solution driven mindset - Maintain strong and positive interpersonal relationships with internal departments and external parties - Act in the best interest of the Bank at all times - Ensure delivery of functions are met within all prescribed and regulatory timelines - Manage strong relationships with the Bank's Executive Committee and management OPERATIONAL EXCELLENCE Financial Control - Lead and direct all functions of the Bank's financial control department, including: finance operations, financial & statutory reporting, tax and vat, debtors and creditors - Lead and direct all functions of the Bank's related financial processes, policies and procedures - Oversee the corporate office finance business partnering function - Manage year end audit process including Bidvest Group financial year packs and Bidvest Bank and related subsidiaries Annual Financial Statements within regulatory timelines - Manage all Bidvest Group finance related matters for Bidvest Bank and all Bank related entities - Identify and implement opportunities to improve current financial processes (innovation, automation and efficiencies) - Lead and direct Bank wide cost saving initiatives in line with continued targets of reducing the Bank's cost to income ratio annually - Assist CFO with any projects and financial matters as required - Technical financial accounting and structuring on any Bank and Bank related corporate finance matters - Member of Finance Manco Committee GOVERNANCE Risk Management - Maintain a strong financial control environment with best practice processes and controls - Drive adherence to all Limit of Authority matters across the Bank - Address internal / external audit matters timeously and implement controls to prevent future occurrence of findings. Continued target of only low risk findings. - Identify and communicate potential risks and relevant risk mitigating controls to be implemented - Lead and direct all financial operational risk matters in the Bank - Attendee at the Bank's audit committee with participation into financial matters as required - Attendee at the Bank's Senior Credit Committee and ALCO (as required) This position is advertised in line with our commitment to Employment Equity.
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