Job category: Banking, Finance, Insurance. Stockbroking
Contract: Permanent
Remuneration: Market Related
EE position: Yes
About our company
The JSE recognises that its success and strength depend on the quality of its employees. We are committed to fostering a culture of continuous learning and high standards of performance. Our employee wellness programme is designed to encourage work-life balance for employees. We naturally seek to empower staff and encourage diversity and opportunities for all.
Introduction
We are currently recruiting for an experienced Senior Commercial Analyst to join our team.
Job summary
To support execution of category management, strategic sourcing, contracting and supplier management activities across various categories in the JSE enabling a procurement function that will support the head of procurement and deliver on relevant scorecard deliverables on the CFO and the CEO's scorecard.
Results Deliverables
- Provide strategic thinking and contributions to crafting of departmental business/cost plans based on professional knowledge and experience, to ensure delivery of focus areas for the year in support of departmental strategy.
- Ensure systems, products or projects delivered contributes to improve client/JSE service by providing input on budgets, resources required, and process based on the understanding of costs, business objectives and relationship with stakeholders.
- Contribute to meaningful cost reduction/optimisation at all levels through applying cost effectiveness principles in planning and delivery to contribute to achievement of divisional financial targets.
- Assist with the formalisation of the Finance Department’s divisional budget and the coordination and consolidation thereof to ensure that the information provided meets the expectation of the finance team.
- Provide financial guidance and advice to stakeholders to assist them to accurately account for activities in order to ensure adherence to JSE guidance and statutory reporting.
Stakeholder Relationship Management
- Ensure thorough knowledge and understanding of client's business through regular business interaction to also highlight challenges that clients are faced with to apply creative efforts necessary to meet client's needs.
- Conduct formal feedback sessions with stakeholders to assist in ensuring continuous client satisfaction.
- Build sustainable relationships with clients through gaining clients trust and confidence in one's ability by meeting their business needs.
- Build credibility with clients by demonstrating professionalism, knowledge and efficiency so that clients are willing to consider input when taking business decisions.
- Participation in internal forums and show interest in business issues and projects outside the scope of work during constant interaction with business to build and expand internal network.
- Maintain social network, web presence and membership of industry fellowship to build external networks.
- Assess stakeholder satisfaction through regular meetings and 360 feedback reports which will include any positive or negative feedback received from the stakeholders regarding the professionalism and timeous nature of interaction.
Process Management
- Manage own delivery against agreed deliverables and set timelines, identify obstacles to delivery and take appropriate action where required.
- Create and design financial models and reports via Excel for the developers to implement into the financial (IDU) tool to execute rolling forecast and budgeting.
- Ensure automation of processing and reporting functions to improve departmental efficiencies.
- Perform monthly maintenance and request enhancements to the financial (IDU) tool to streamline processes and contribute to time saving activities.
- Analyse the monthly, year to date as well as annual actuals information and compare against budget to determine variances against the last month’s estimate and the original budget and raise accruals accordingly.
- Perform monthly review and analyses of the annual view to determine the variances to track revenue against the original budget and last month estimate.
- Perform the rolling forecast activities to track the revenue and adjust the expenses and revenue for the future months.
- Compile management accounts packs that will include financial as well as non-financial information for stakeholder review in support of commercial decision-making.
- Compile the budget pack in alignment with the JSE strategy, which will contain both financial and non-financial information to present the budget to the board, audit and HR committees for approval.
- Analyse management accounts to identify potential risks and advise stakeholders on risks identified as well as corrective action to be taken to mitigate risks.
- Build costing model through analysing and allocating of costs based on scientific costing principles and appropriate drivers to determine the actual profitability of the markets and cross-functional revenue generating areas.
- Determine product profitability by applying costing principles and appropriate drivers to ensure appropriate pricing and to identify potential cost efficiencies.
- Prepare ad hoc business cases as requested by stakeholders to address financial support requirements to evaluate the financial impact of proposed business projects by applying financial evaluation techniques like NPV, IRR etc.
- Ensure own in-depth understanding of the pre-project business model, post implementation costs and revenue implications, Impact on business efficiencies and other qualitative factors to prevent possible financial losses for the JSE and shareholders due to investments in projects or initiatives that generate losses and lose JSE credibility with critical stakeholders.
- Control the budgeting process through gathering and analyses of business information to compile the divisional packs for the divisional heads to be reviewed and discussed during divisional presentations.
- Create cost control awareness activities during budget and rolling forecast meetings to prevent unbudgeted expenditures and improve cost efficiencies within the various divisions.
- Consult with relevant manager to review progress against department plans and targets and to identify areas where corrective actions are required to ensure delivery of agreed results.
- Provide financial information in assistance to the compilation of the business cases for future JSE initiatives to ensure profitability and long-term sustainability as well as to identify potential financial risks and opportunities.
- Act as a trusted business partner to various allocated divisions, including the finance team, by providing expert finance advice, support and guidance on commercial business decisions in alignment with the JSE strategy.
- Make decision about best practice through comparing data from different sources to draw conclusions; using effective approaches for choosing a course of action or developing appropriate solutions; taking action that is consistent with available facts, constraints, and probable consequences; liaising with management and relevant stakeholders as and when required.
- Identify obstacles and major challenges through continuous review of processes and standards to ensure effective operational alignment to strategic priorities.
- Attend to ad-hoc financial information requirements and queries as requested by the stakeholders to assist with commercial business decisions and in continuation of business and increased productivity.
- Co-ordinate and run with projects independently such as JSE Costing, Revenue Finance Models and Business Improvement Projects applying project methodology and meeting set outcomes and timelines.
- Support Financial Accounting during external audit periods to ensure successful conclusion of the audit. Support includes providing audit related information, attending audit meetings and queries.
- Ensure adherence to regulatory requirements for entities within the Group through regular analysis of capital adequacy compared to regulatory demands.
Self-Management
- Improve personal capability and professional growth relating to field of expertise, in line with JSE objectives by discussing development needs and proposed solutions with management.
- Keep abreast of changes in legislation or standards by conducting research and utilising networks.
- Upskill team and other professionals by sharing knowledge and research results.
- Epitomise living the JSE values, displaying professional conduct and adherence to required technical standards.
Transformation and Innovation Management
- Analyse, research, develop and implement improvement/innovative ideas and value adding solutions contributing to divisional and JSE results.
- Review relevant finance processes and procedures on a continuous basis and provide input in order to ensure that the most efficient methods are implemented and applied.
Minimum Qualifications
- BCom Degree / B-Tech in Accounting
- Post-graduate (Honours / CTA) Degree in Cost and Management accounting / Accounting / CIMA (Chartered Institute for Management Accountants)
- Preferred: CA(SA) / ACCA / CIMA
- 4 years in the environment of which 3 will have been as an analyst
Knowledge and Skills required
- Basic software applications (e.g., Outlook, Word, Excel, Access, Internet, Email)
- Divisional service offerings
- Business continuity standard
- Business principles
- Data analysis
- Decision-making process
- Industry trends
- International Standards for Professional Practice
- Understanding of financial processes
- Understanding of project accounting- reporting, monitoring
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