Finance Head
STANDARD BANK GROUP
Total years of experience :13 years, 6 Months
Leading a multi-disciplined dynamic team to support and guide the provincial head as well as and business suite management on how to optimise capital usage, maximise headline earnings, economic profit and ROE through the management of key business drivers. This also includes identifying opportunities for revenue enhancements and cost containment. Using various databases and through collaboration with data analytics and client service enablement teams, researches, investigates and monitors the financial impact and feasibility of various business initiatives and projects. Participate in all projects that require business case, financial modelling or the application of discounted cash flow techniques
Serve as a member of the Provincial EXCO (PEXCO) and suites management committees, liaising with other departmental heads, offering financial guidance / assistance in resolving problems and business planning. Provide comprehensive provincial financial management to the business and finance stakeholders. Incorporates strategic provincial objectives and key financial performance metrics into MI reports. Provides input into new business initiatives in order to inform impact on the provincial and suites income statement.
Plans, coordinates and executes the provincial financial planning cycles taking into account Group Finance and provincial timelines and requirements. Delivers accurate financial plans which are signed off by the respective provincial heads
Drives appropriate business strategies to ensure that provincial income statement objectives are achieved as guided by the explicit boundaries of client level pricing and profit hurdles. Provides input and feedback to PBB Finance (Measurement and Pricing) in the development of pricing models. Ensures that the coaching and guidance of provincial stakeholders on the use and application of pricing models occurs.
Led and organized a team of 2 to prepare consolidated financial statements, interpret variances, draft tax return documents and conduct all statutory audit processes to provide an accurate representation of the current financial position
•Maintained clear lines of communication with upper management and representatives of shareholder companies including Truvo Belgium and Telkom SA to answer queries, report financial variances on a monthly basis and provide requested information
•Utilized the Accpac software to complete and lock monthly modules while also fulfilling system administrative duties such as adding new users and defining user parameters
•Calculated and arranged for the payment of VAT, provisional taxes, deferred taxes and shareholder royalties in a timely fashion
•Prepared annual financial statements and quarterly reporting packs in compliance with IFRS
Prepared company budgets and quarterly financial forecasts, interpreted differences between actual and optimum performance by utilizing appropriate indicators and reported findings to upper management
•Liaised with other departments to ensure accurate, up-to-date financial reporting by obtaining relevant information and verifying the validity of available data
•Examined company financial plans, management reports and balance sheets on a regular basis to ensure all information is accurate and all processes are completed according to relevant rules and regulations
•Managed the financial aspects of a process engineering project, reducing costs and establishing standardized reporting methods in collaboration with the IT department
Achievements:
•Cooperated with
Working with stakeholders to provide high quality advice to seven business unit heads, budget holders and decision makers through good financial management, accountability, efficiency and value for money considerations
•Critically review transfer pricing models and related services to advice senior management and decision makers on acceptable charges they should interlock with other business units
•Timeously execute the settlement of foreign denominated ETA’s (Exchange Trade Agreements) for USD and GBP denominated intercompany charges with Barclays PLC. Maintaining related balances on the balance sheet.
•Assist with the preparation, costing and other models that business unit heads require in compiling business cases
2011 - 2016 ABSA (BARCLAYS AFRICA) RBB
Financial & Infrastructure Investment Specialist
•Working diligently with specialist teams to gather, methodically analyze and thoroughly evaluate available information on activities and volumes, client analytics, competitor intelligence, sales reports, performance management, regional insights and financial data to establish an accurate depiction of the current situation, develop appropriate support tools and facilitate evidence-based decision making for Retail and Business Bank (RBB) investments
•Assisting in the development of several models including a financial evaluation of project desirability model, a score grid, a BCG model and an innovative investment / de-investment model to estimate impact on business units (BU), short-term plans (STP) and medium-term plans (MTP)
•Monitoring and critically assessing investment efficiency at early stages to adjust course of action for unproductive cases, conduct performance management interventions and apply swift and effective solutions to mitigate risk factors and harmful effects
•Examining and evaluating business cases and financial reports to verify the accuracy and validity of data and present potential business opportunities to the RBB investment council
•Relaying important information to senior management and stakeholders including possible operational challenges, existing risk factors and vital information on investment and de-investment processes
•Suggesting appropriate key financial indicator values for different business units
Achievements:
•Contributed in the implementation of a project with a capital expenditure budget of R 1.2 billion by analyzing financial data and business cases for more than 250 sub-projects aimed to upgrade the infrastructure network of the company; Achieved a reduction of accommodation costs by R 76 million and physical space by 68 000 square meters
•Drafted terms of references and process flow documents for various governance forums including the Regional investment forums, the RBB investment working committee and the RBB investment council
courses: Professional Development: •Member of the South African Institute of Chartered Accountants (SAICA) •IRBA Public Practice Exam Part II (2010) •SAICA Qualifying Exam Part I (2008) & II (2009) •Accounting Profession Training (APT) Course, University of Johannesburg (2007)
Degree