Summary
Date Posted: Thursday, August 03 2023, Base Salary: Not Disclosed

JOB DETAILS:
Job Summary
As a member of the Absa Uganda Finance team, the role holder is responsible for managing the business performance reporting of the Retail to support the delivery of business financial targets and acts as points of contact for Business People covering the function and to provide and interpret financial information to all stakeholders of the business for informed decision making.
Job Description

Accountability: Market reporting
• Monitor the overall business model, strategy, market opportunities and threats, competition dynamics, product portfolio, supplier relationships and customer profiles to provide a unique perspective and analysis that looks at different dynamics.
• Provide Business insights of the Retail Business that takes care of trend recognition, forward-looking business and operating plans, real-time metrics, and driver-based forecasts to drive proactive and growth-oriented analysis

Accountability: Business Partnering
• Assemble and analyse Retail ERP data as well as Macro, Industry and market specific data into information and avail to management in a timely fashion for strategic, tactical and operational requirements.
• Reviewing and challenging Retail capital investment projects to ensure viability, consistency with Business unit and overall Bank’s strategy, monitoring post implementation of the projects for the delivery of committed benefits.
• Get involved in the budgeting and forecasting process for the Retail providing analytical support of drivers and processes of the plans. This involves provision of historical individual and segmental performance facts necessary for objective performance goal setting that drives Retail Business performance.
• Provide monthly detailed analysis of actual achievements against budgets/forecastss both at individual (branch managers/relationship managers) and segment levels. This involves clear articulation of NII and NFI mover for price, volume, product mix and currency depicting the trend and forward looking.
• Provide detailed monthly analysis on channel performance including profitability analysis for Branches, Card acquiring (ATM, debit cards, Credit cards, POS), Agency Banking, Bancassurance
• Design models for tracking cost of serving customers at different Retail channels to drive efficiency and value for money. This include determination of cost per transaction, cost per customer served, cost per revenue generated etc at each channel.
• Provide leadership in driving for correct customer segmentation in different systems to aid in effective product performance analysis.
• On the monthly basis, provide product performance reports with insights on performance drivers and how to spur grow. It also include Deposit/loan concentration tracking, Top 20, Top 50 customers/schemes.
• Preparation of ALCO, Board, group engagements, senior leadership inputs that relate to Retail
• Carry out Revenue Assurance for Retail on a monthly to ensure income leakage is managed. This involves management of data integrity and accuracy from various reporting systems, application of approved product tariffs etc.

Accountability: Drive for Digital
• Drive for real-time predictive analytics to balance intuitive decision-making and data-driven insights to monitor product performance, how to better serve customers, streamline operations, manage risks and ultimately drive strategic performance.
• This involves utilization of interactive data visualization tools like TM1, Tableau etc that enable business insights to be shared in a format that is easily understood by decision makers, in turn enabling better, faster operational and strategic decision-making. Below are some of the data driven reports to provide;
• Accounts and cards flow into dormancy, active accounts, number of accounts opened daily
• Funded and non funded accounts report with trend analysis
• Payment transactions volume and value (EFT, RTGs, school fees etc) by channel
• Daily Customer visit per channel with volume and value
• Active debit cards, accounts without debit cards, debits issued daily, Non-Absa cards used on our channels
• Total credit card stock by activity status, exposure and utilisation
• ATM transactions by type and location with uptime analysis
• POS transactions by type with uptime analysis and vendor performance
• Agency Banking transactions by type with uptime analysis
• Retail internet Banking transactions by type with uptime and customer adoption analysis

Accountability: Stakeholder Management
• Ensure effective and excellent communication and working relationships with colleagues in the department and the bank in general
• Ensure the process of planning/forecasting and reporting is fully coordinated and the Business Head owns the numbers before reporting to Management and or Centre.
• Ensure there is alignment on all financial reports for the Retail Business across different stakeholders including the Retail Director, CFO/Executive Director, Managing Director especially during the weekly catch-up meetings, Retail Product Heads at Centre and other function heads like Credit, legal, compliance etc. The key measures of success is the level of forecasting accuracy and timely communication

Accountability: Personal Development & Team Leadership/Management
• Deputize for the Head of BP&A when required.
• Provide honest, direct and constructive feedback to fellow team members.
• Share knowledge experience and best practice with team members and other Finance colleagues
• Pursue your own development to increase personal effectiveness and acknowledge strength

Drive your own personal development plan to increase job effectiveness.
Education and experience required
• B-degree preferably in Accounting and/or Finance
• Professional qualification in Accounting such as ACCA qualified with strong accounting background
• 3 years’ experience in similar role in a financial institution

Knowledge and skills: (Maximum of 6)
• Relevant first degree and Accounting professional qualification
• Technical and practical skills in accounting and Finance
• Detailed knowledge of the Group’s financial reporting process and timetables
• In depth understanding of short, medium and long term strategies, goals and objectives setting
• Detailed knowledge of Management Accounting with high levels of financial presentation skills including commentary writing to Board, Management etc
• Detailed understanding of Managing for Value reporting
• An appreciation of the external economic, political, legal and regulatory environment and their impact to the business.
• Strong Computer skills and other Analytical tools- TM1, SAP, Teradata, Flexcube, Tableau
• Interpersonal and communication skills
• Proven organisational skills

Competencies: (Maximum of 8 competencies)
• Planning and organisation skills
• Forward Thinking
• Ability to think creatively and identify innovative solutions
• Up to date knowledge and understanding of accounting technical issues (International Accounting Standards/IFRS, etc)
• Excellent comprehension skills to understand and interpret financial data and economic trends.
• Highly numeric/strong analytical and problem-solving skills
• Ability to work well under pressure, working accurately with attention to detail, and meeting deadlines
• Demonstrated ability to drive business awareness to finance and non-finance staff while maintaining smooth relationships across difference stakeholders
• High levels of integrity
• Quality conscious

Education
• Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required)


Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure

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