Finance Manager: Personal and Business Banking
Job Description
Full Time Mid-level Finance Manager: Personal and Business Banking in financial services at Bidvest Bank in Johannesburg Sandton, ZA. Apply directly through the link below.
At a glance:- Work mode: Office
- Employment: Full Time
- Location: Johannesburg Sandton, ZA
- Experience: Mid-level 7+ years
Financial Reporting, Problem Solving, Optimization, Stakeholder, Performance, Leadership, Efficiency, Accounting, Analytics, SOLID
What are the qualifications?An accounting qualification CA (SA), OR CIMA.
What skills are required?Financial Reporting, Problem Solving, Optimization, Stakeholder, Performance, Leadership, Efficiency, Accounting, Analytics, SOLID.
PRIMARY PURPOSEThe purpose of the role is to support the Personal and Business Banking divisions. This role will be crucial in managing the full P&L for Merchant Services and Card Transactions for both business and personal banking segments. This individual will also drive cost efficiency including scheme costs, review contracts, and identify cost-saving opportunities. The ideal candidate will have significant experience in business partnering, understanding scheme costs and processes, working closely with frontline and product teams, and have a track record of optimizing financial performance in these areas.
TECHNICAL COMPETENCY REQUIREMENT- Financial Acumen
- P&L Management & Cost Optimization
- Leadership & Team Management
- Strategic Thinking & Problem Solving
- Analytical Mindset
- Relationship Building & Stakeholder Management, Internal Controls, Scheme
- Cost optimisation, System integration and automation, Business case development
An accounting qualification CA (SA), OR CIMA.
REQUIRED MINIMUM WORK EXPERIENCE5-7 years prior experience in Finance and Business roles
KEY PERFORMANCE AREA (KPA) FINANCIAL- Take full ownership of the Merchant Services P&L and Card P&L for both Business Banking and Personal Banking, ensuring accurate reporting, analysis, and financial performance.
- Drive the financial performance of card and merchant services, ensuring profitability while maintaining a focus on cost control and efficiency.
- Lead efforts to drive cost efficiency across all scheme-related activities, focusing on reducing scheme costs and penalties.
- Oversee and manage all expenses within the Personal and Business Banking divisions, ensuring accurate financial reporting and controls.
- Identify opportunities to optimize costs, streamline processes, and implement cost-saving initiatives without compromising service delivery.
- Levels and quality of service delivery as experience by internal & external stakeholders
- Interprets business/customer requirements to provide timely solutions.
- Responsiveness: Speed of responses, reaction time, going the extra mile, turnaround time
- Degree of customer satisfaction from customers.
- Participate in building solid business cases for Opportunities Identification (Cross-sell, upsell, acquisitions, new products, etc). Campaigns Formulation & Tracking.
- Provision of quality insightful Client, Product, Channel, Banker Analytics. 1. Rate x volume type analysis. 2. Unpack the make up of rate to clearly articulate what works or does not work and clarity of action. 3. Volume - Distil the impact of volume analysis to clearly reflect on corrective action and who needs to action what.
- Understand the operations of the various systems within the division and how these feed into the reporting system.
- Understand the finance operations of the division and ensure that all general ledger recons are per the Quality Recon Governance Framework.
- Understand billing on the relevant products and how this translates to acquiring and transactional revenue.
- Lead the Operational Risk committee for PBB Finance.
- Embrace diversity in race, gender, religion. Diversity in skills, experience, and work across capability to problem solve. Employee Net Promoter Score (eNPS)
- Lead, mentor, and develop a team of 2 finance professionals, ensuring high performance and fostering professional growth.
- Identify repetitive processes and reimagine the process. Eliminate manual work arounds. Eliminate/reduce the number of journals processed on a regular basis.
- Work alongside key business decision makers.
- Timeous reporting to supported Business and external parties.
- Keeping abreast of own development and ensure exposure is gained based on development areas.
- Provide training and development to staff.
- Take ownership for driving own career development.
About This Role
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