RMB - Rand Merchant Bank is a division of FirstRand Bank Limited, a fully integrated financial services group in South Africa, distinguished by our traditional values and innovative ideas. We have adapted investment banking solutions to suit your personal financial needs and this, together with an entrepreneurial approach, attracts like-minded, discerning clients.
Financial Business Partner Lead – JHB
Job Description
To provide financial leadership and guidance to Finance Business Partners to drive the businesss financial objectives by providing accurate value-added financial management information and analysis
- Provide input
into the budgeting process and monitor utilization for the financial year
according to the operational plan.
- Produce or
review budget reports to make sure they accurately reflect work activity.
- Ensure financial
documentation is maintained to support accurate record keeping and future
legislative requirements.
- Escalate
potential budget risks that may lead to increased costs or financial
losses.
- Present work
proposals on planned activities that will require financial resources.
- Allocate and
approves expenditure Collate, analyze and evaluate data and information to
forecast expenditure and cash flow trends and make recommendations to
improve budget.
- Deliver against
operational and cost targets.
- Prioritize
resource allocation to minimize and reduce wastage.
- Monitor costs
for the financial year according to the operational plan.
- Allocates and
approves expenditure.
- Review cost
reports and resolves or explains variances to the budget.
- Identify,
control and escalate potential risks that may lead to increased costs.
- Manage costs or
expenses within approved budget to achieve cost efficiencies.
- Build
relationships that allow for the managing of expectations; the sharing of
knowledge and diverse insights; and the creation of buy-in.
- Engage in
cross-functional relationships to obtain and to provide work support.
- Ensure full
understanding of customer needs to deliver a quality service.
- Ensure customer
service solutions are aligned to the business operational plan;
organizational values and service standards.
- Communicate how
customer service solution will be implemented and secures buy-in.
- Ensure product
knowledge and advice is technically accurate and provide customers with
relevant information to keep them informed of products and service
options.
- Ensure
resolution of customer queries and complaints timeously and ownership of
issues.
- Analyse customer
feedback to help improve customer service, propose ideas to improve
customer service.
- Improve business
decisions by providing accurate and reliable business intelligence
(information) together with analyzing trends and data.
- Provide regular
reports on delivery of services against agreed service level agreements
and in terms of overall customer targets.
- Accumulate
information to review work progress that provides input to reporting,
decision making and the identification of improvement opportunities.
- Ensure
compliance with relevant statutory, legislative, policy and governance
requirements in area of accountability.
- Ensure
implementation of relevant policies, governance, and practice standards
across the business.
- Maintain
knowledge on relevant legislative amendments, industry best practices and
internal compliance procedures and requirements.
- Ensure
compliance is adopted in terms of systems and procedures as laid out by
organization and review in response to audit findings and changes.
- Develops an
understanding of risks and risk management approaches.
- Implement and
provide input into the development of governance and compliance procedures
and processes within area of specialization and identify risks.
- Educates others
and makes suggestions for improvements.
- Networks and
participates in specialist risk forums where required.
- Implement,
monitor and control business processes according to quality standards;
policy; and compliance and governance requirements in area of
accountability.
- Ensure the
development, alignment, mapping and implementation of end-to-end processes
aligned to the customer journey map.
- Research, enable
and consult on improvements and opportunities to harness technology and
platform enablement.
- Review existing
processes and suggest innovative ideas to improve and streamline processes
to drive efficiencies and minimize redundancy.
- Monitor customer
feedback reports and align processes to maximize efficiencies.
- Provide input
into the development of the business area tactical strategy in achievement
of the overall business strategy.
- Develop and
implement an area operational plan in achievement of Business objectives.
- Provide clear
direction to the exco on what the business requirements and imperatives
are by translating current business performance into actionable business
objectives aimed and driving and improving performance.
- Participate as
an active member of the executive.
- Committee of the
business Translate strategy into meaningful operational targets for the
business unit under management, ensuring that the focus areas are
disseminated to all levels in the business unit.
- Ensure
accountants drive enterprise risk management within their organization to
manage uncertainty, opportunities, and risks in the face of significant
challenges in the external environment.
- Enable the
function to use their insights and business understanding to weave
accurate and compelling narratives that make the organization's purpose,
strategy, business model and performance tangible for external audience.
- Ensure "one
version of the truth" for all reporting and that management reporting
reconciles/agrees to reports produced within other areas of the business.
- Review the
variance analyses for the different business units as prepared by the team
and discuss major variances, on the cost and income sides, with business
unit heads to gain and understanding of the reasons.
- Provide input
and support during the development of business case financials for new
projects or initiatives.
- Conduct reviews
and evaluations for cost-reduction opportunities, Analyse costs, pricing,
variable contributions, sales results, and the company's actual
performance compared to the business plans.
- Manage the
preparation of the business unit's budget, use financial software
applications to process financials.
- Participate and
contribute to a development culture where information regarding successes,
issues, trends and ideas are actively shared.
- Build and
sustain collaborative working relationships with relevant peers and
stakeholders to achieve productivity synergies.
- Participate in
specialist communities of practice and contribute positively to own and
organizational knowledge improvement.
Method of Application
Interested and qualified? Go to RMB - Rand Merchant Bank to
apply