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Executive Financial Decision Support
Apply remote type Hybrid locations Sandton time type Full time posted on Posted 2 Days Ago time left to apply End Date: January 4, 2025 (21 days left to apply) job requisition id R-15969979
Empowering Africa’s tomorrow, together…one story at a time.
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary
The Senior Cost and Productivity Head will lead the Absa Regional Operations (ARO) cost management and productivity enhancement efforts. This role will focus on identifying and implementing cost-saving opportunities, improving business efficiency, and ensuring accurate cost attribution at product and business levels. Reporting to the ARO CFO, the role demands strategic thinking, analytical excellence, and project management capabilities to drive meaningful financial and operational outcomes.
This position represents a unique opportunity for a high-caliber individual to shape the financial and operational efficiency of the ARO business while contributing significantly to its strategic objectives.
Job Description
Cost Management
- Cost Savings & Execution:
- Identify cost-saving opportunities across ARO.
- Oversee the execution of cost-reduction initiatives to ensure delivery against targets.
- Collaborate with stakeholders to embed a cost-conscious culture.
Benchmarking & Insights:
- Conduct benchmarking exercises to identify areas of over- and under-investment.
- Provide actionable insights and recommendations to improve financial performance.
Cost Planning & Forecasting:
- Lead the annual cost planning and forecasting processes.
- Develop robust cost models to support decision-making.
Cost Accounting & Analysis:
- Ensure accurate monthly cost accounting and variance analysis.
- Deliver insightful cost reports to support business decisions.
Productivity Management
- Productivity Program Oversight:
- Lead ARO’s productivity program to improve efficiency and profitability.
- Assess the commercial viability of proposed productivity initiatives.
Tracking & Reporting:
- Track the execution and commercial realization of approved productivity initiatives.
- Report regularly on the progress and impact of the program.
Budget Allocation:
- Allocate budgets effectively to maximize efficiency gains.
Cost Attribution & Allocation
- Cost to Do Business:
- Calculate and report the cost of doing business at a product and transaction level.
- Identify and measure key cost drivers.
Cost Allocation:
- Develop and implement cost allocation methodologies to distribute costs between business units and to product levels to enable franchise level profitability reporting.
- Provide insights into the financial impact of cost drivers.
Qualification
- Chartered Accountant (CA) or a recognized cost management qualification.
Experience :
- Proven track record of successful cost management and/or achieving efficiency gains.
- Extensive experience in cost planning, forecasting, and financial analysis.
- Demonstrated success in managing complex programs and delivering measurable outcomes.
Skills :
- Strong analytical and strategic thinking skills.
- Proficiency in benchmarking and cost analysis methodologies.
- Advanced project management skills to coordinate across complex, matrixed environments.
- Excellent communication and stakeholder management abilities.
Personal Attributes:
- High level of integrity and accountability.
- Strong problem-solving and decision-making skills.
- Proactive, self-motivated, and results-driven.
- Ability to navigate and influence within a complex organizational structure.
Education
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
Absa Bank Limited reserves the right not to make an appointment to the post as advertised.
About Us
Absa Group Limited (“Absa Group”) is listed on the Johannesburg Stock Exchange and is one of Africa’s largest diversified financial services groups.
Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management, and insurance.
Absa Group owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda, and Zambia and has insurance operations in Botswana, Kenya, Mozambique, South Africa, and Zambia. Absa also has representative offices in China, Namibia, Nigeria, and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.
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