Manager, Financial Reporting at Stanbic IBTC Bank

Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.

Standard Bank is a firm believer in technical innovation, to help us guarantee exceptional client service and leading edge financial solutions. Our growing global success reflects our commitment to the latest solutions, the best people, and a uniquely flexible and vibrant working culture. To help us drive our success into the future, we are looking for resourceful individuals to join our dedicated team at our offices.

We are recruiting to fill the position below:

Job Title: Manager, Financial Reporting

Job ID: 34461
Location: Lagos Island, Lagos
Job Sector: Financial Services

Job Details

• Finance: budgeting and forecasting, creating interim and annual financial statements, facilitating internal mergers and acquisitions, as well as dealing with analysts and investors.

Job Purpose

• To ensure the overall integrity and accuracy of the General Ledger as a basis for the preparation of financial and management reports.
• Custodian of the General Ledger and Chart of Accounts.
• Preparation of financial reports

Key Responsibilities/Accountabilities
Being the custodian of the General Ledger, Chart of Accounts, and the repository for all Financial and Management information for the Bank:

• Effective ownership and management of balance sheet substantiation across the Group
• Implement process and procedures to safeguard bank’s resources and financial integrity.
• Maintain overview of subsidiary entities
• Act as secretariat for the IFC forum
• Monitoring all Balance sheet and Income Statement account movements and ensuring that they reflect the correct balances and all relevant account reconciliations are performed and corrective actions taken timeously
• Reviewing of monthly general ledger reconciliations to ensure that outstanding items are timeously cleared, resultant entries processed

Cost reporting, budgeting and analysis:

• Co-ordinate and ensure that timely Corporate function operating expenses reports are provided and Corporate functions Heads receive good service
• Drive the required business analysis for making recommendations for cost management improvement.
• Oversee SIBTC group Opex, investigate variances and provide explanations

Preparation of financial reports, coordination of external and regulatory audits:

• Preparation of requisite schedules for the annual audit
• Coordination of financial statements audits - IFC audits, regulatory, and statutory audits.
• Perform detailed review and analysis of the country numbers to confirm the integrity and resilience of reported results.
• Ensuring that all internal and external reporting requirements are timeously met, including preparation of monthly and quarterly accounts, Group Accounts, result publication and Statutory Annual Financial Statements.
• Provide technical accounting support to business

Provision of Technical Advice and Accounting support to other Functional Units:

• Ensure maintenance of and adherence to Group accounting policies and procedures.

Being the custodian of the General Ledger, Chart of Accounts, and the repository for all Financial and Management information for the Bank:

• Effective ownership and management of balance sheet substantiation across the Group
• Implement process and procedures to safeguard bank’s resources and financial integrity.
• Maintain overview of subsidiary entities
• Act as secretariat for the IFC forum
• Monitoring all Balance sheet and Income Statement account movements and ensuring that they reflect the correct balances and all relevant account reconciliations are performed and corrective actions taken timeously
• Reviewing of monthly general ledger reconciliations to ensure that outstanding items are timeously cleared, resultant entries processed

 Cost reporting, budgeting and analysis:

• Co-ordinate and ensure that timely Corporate function operating expenses reports are provided and Corporate functions Heads receive good service
• Drive the required business analysis for making recommendations for cost management improvement.
• Oversee SIBTC group Opex, investigate variances and provide explanations

Preparation of financial reports, coordination of external and regulatory audits:

• Preparation of requisite schedules for the annual audit
• Coordination of financial statements audits - IFC audits, regulatory, and statutory audits.
• Perform detailed review and analysis of the country numbers to confirm the integrity and resilience of reported results.
• Ensuring that all internal and external reporting requirements are timeously met, including preparation of monthly and quarterly accounts, Group Accounts, result publication and Statutory Annual Financial Statements.

Provide technical accounting support to business:

• Provision of Technical Advice and Accounting support to other Functional Units
• Ensure maintenance of and adherence to Group accounting policies and procedures.

Preferred Qualification and Experience
Qualifications:

• First Degree: Finance and Accounting, Mathematical Sciences
• ACCA, ACA, CIMA, Dip IFRS or relevant accounting/ finance qualification

Experience:

• Financial/Statutory Accounting
• 5-7 Years
• In depth understanding of International Financial Reporting Standards.
• Computer literacy and knowledge of personal computers and software packages such as MS Word, MS Excel, MS PowerPoint, MS Access.
• Working knowledge of SAP, Finacle, and GBM will be an added advantage.
• Good communication and presentation skills at a senior level

Knowledge/Technical Skills/Expertise
Technical Competencies:

• Financial and Accounting Control - able to design control measures and checks in accounting and financial processing activities to mitigate risks of errors, omissions and fraud.
• Interpreting Financial Statements - ability to interpret financial reports, measure performance and execute key ratio analyses.
• Preparing Financial Statements - ability to prepare statutory or official financial statements in line with internationally accepted accounting practices and local regulatory requirements.
• Understanding GAAP - generally accepted practice guidelines for financial accounting.
• Financial Consolidation - ability to consolidate financial statements between multiple legal entities across multiple geographies.
• Reconciling Financial Records - ability to check financial entries in multiple systems to ensure that transactions and records are kept in sync and that they have been recorded appropriately.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online