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.
Group Finance is a corporate function that serves the overall Standard Bank group across a variety of accounting disciplines - internal and external reporting, budgeting and planning, tax, technical accounting and investor relations. It also runs the bank's capital management and regulatory reporting teams and the financial shared services processing centre. Group Finance has its own, dedicated SAP technical support and development team and a new financial systems and process improvement programme team known as Refine.
We are recruiting to fill the above position of:
Job Title: Manager: Planning and Performance Management
Job ID: 11826
Location: Nigeria
Position Description
- Managing the planning and the performance management process in Stanbic IBTC Holdings Plc
- Facilitating strategic planning through preparation of financial forecasts based on group business strategy
- Assisting with the management, co-ordination and preparation of the annual budget and periodic revised estimates.
- Design and implementation of performance management processes and systems.
- Performance management through analysis, review and preparation of periodic financial reports
- Providing the group leadership management information to support decision making.
Key Responsibilities
Financial Planning
- Preparation of key macro and micro assumptions for input into the planning and budgeting process.
- Assisting with the management, co-ordination and preparation of the annual business plan, capital expenditure, operating budget and periodic revised estimates
- Challenge the plans of business units and integrate those plans into the group plan.
Performance Management
- Develop and implement reporting of key management information (MI) ensuring data integrity and timely communication to relevant stakeholders.
- Develop performance benchmarks for business units and group and monitor performance against these.
- Drive the required business analysis and related process for making recommendations for new or improving performance opportunities.
- To manage performance against the budget for each business unit and the group as a whole.
- Providing detailed monthly performance statements and analysis for the group.
- Investigation of variances and recommending remedial measures where necessary
- Identify areas of performance shortfall and propose corrective interventions to group management team.
- Preparing finance's input for Board papers detailing and analysing actual performance against budget
- Market share and competitive analysis.
Required Skills and Qualifications
- Tertiary accounting qualification
- Professional Accounting qualification (e.g. CA, ACCA, CIMA)
- MBA is an advantage.
- Minimum of 6 years post qualification experience.
- In depth understanding of banking and the underlying key performance drivers
- Previous financial Modelling and data mining experience
- Computer literacy and knowledge of personal computers and software packages such as MS Word, MS Excel, MS PowerPoint, MS Access. Working knowledge of SAP and Finacle is an added advantage.
- Good communication and presentation skills at a senior level.
Required Competencies
- An appreciation and a good understanding of macro economics and external factors affecting the business strategies adopted, and market serviced by SIHP.
- Understanding of the importance of planning and budgeting in the bank's overall business strategy
- Ability to analyse and evaluate data for acceptability and correctness.
- Analytical mind with strong orientation to financial analysis.
- Ability and experience in communicating with all levels of management regarding management information needs.
- Good interpersonal skills required in liaising with people at different levels within the bank.
- Willingness to get involved in detail
- Good planning and organisation skills.
- Strong report writing skills.
- Dynamic self-starter with a personal ambition to succeed.
- Ability to work under pressure to meet tight deadlines.
- A person with high integrity.
- Excellent computer skills particularly in MS Word, MS Excel and MS Access, Power Point.
Application Closing Date
31st July, 2013
Method of Application
Interested and qualified candidates should:
Click here to apply online