Job Details
Managing the internal financial controls (IFC) of the group and to monitor the adherence to the approved IFC framework by all areas across the Group.
Job Purpose
Managing the internal financial controls (IFC) of the group and to monitor the adherence to the approved IFC framework by all areas across the Group.
Key Responsibilities/Accountabilities
To manage and oversee the end to end balance sheet substantiation process and consolidate balance sheet substantiation (BSS) attestation reports from the Certification system (the BSS attestation system), and manage all operations related to Certification
Ensure the end to end balance sheet substantiation and attestation process is working:
Oversee the monthly BSS process (including off balance sheet) to support the BSS policy and the BSS attestation statement
Review the group consolidated BSS dashboard with attestation results and exceptions for the IFC forums and the Financial Director
Ensure that the BUs and legal entities provide material escalated exceptions and balance sheet control issues on time. These must be properly escalated to the relevant IFC forum and followed up and resolved
Ensure ownership is allocated for all general ledger accounts. Facilitate discussions between BU stakeholders if ownership is under dispute
Review and update the BSS policy & Certification/Cadency procedure document/s
Ensure all G/L accounts are risk graded high, medium and low, in line with the BSS Policy
Ensure BSS training is up to date and is working efficiently on Network next
Ensure Centrally managed documents are updated yearly and that central guys have attested to the controls and process monthly
Ensure the CFO’s are able to view their BSS dashboards for sign-off
Ensure the end to end balance sheet substantiation and attestation process is working:
Oversee the monthly BSS process (including off balance sheet) to support the BSS policy and the BSS attestation statement
Review the group consolidated BSS dashboard with attestation results and exceptions for the IFC forums and the Financial Director
Ensure that the BUs and legal entities provide material escalated exceptions and balance sheet control issues on time. These must be properly escalated to the relevant IFC forum and followed up and resolved
Ensure ownership is allocated for all general ledger accounts. Facilitate discussions between BU stakeholders if ownership is under dispute
Review and update the BSS policy & Certification/Cadency procedure document/s
Ensure all G/L accounts are risk graded high, medium and low, in line with the BSS Policy
Ensure BSS training is up to date and is working efficiently on Network next
Ensure Centrally managed documents are updated yearly and that central guys have attested to the controls and process monthly
Ensure the CFO’s are able to view their BSS dashboards for sign-off
Manage the operational aspects of the attestation tool:
Review the completeness test that all group accounts and legal entities are included on the attestation tool
Ensure that the B/S numbers being attested to on Certification/Cadency are those that are included in the financial statements
Ensure the attestation tool works al the time and assist in resolving the tool issues with Finance Technology
Ensure the customized reports are operational for BUs and legal entities
Oversee the optimisation of Certification/Cadency
Manage the Certification Manco (IFC related components)
Ensure Certification/Cadency training (the system training) is up to date and is working efficiently on Network next
Managing the Income statement accounts attestation
Manage the attestation of the Income statement accounts to ensure they are valid, accurate and complete
Review selected Income statement accounts that need to be attested to
BSS quality assessments (QA)
Perform and/or monitor quality assessments (QA) on BSS to ensure attestation is carried out according to the BSS policies and procedures, and in line with best practice reconciliation / substantiation standards
General ledger (G/L) analytics
Oversee the G/L analytic initiative to ensure that amounts on the G/L are accurate, complete and valid
Oversee the BSS pre-emptive QA checks and ensure that all anomalies are approved by a nominated senior person in the respective area.
Managing the Risk and Data Aggregation and Risk Reporting (RDARR) risk and finance metric alignment reporting for SBSA and SBG
Consolidate the inputs from Risk and Finance into the RDARR metric alignment report for SBSA and SBG on a quarterly basis. Review differences, and investigate with stakeholders involved
Assist with automated efficiency of the RAFA process
Act as the financial control partner for Risk Data aggregated and risk reporting (RDARR)
Manage theGroup internal financial control (GIFC) governance forum
Managing/oversee the governance of GIFC forum using a digitized platform, ensuring the context of the pack has been updated, including the preparation of the key notes and actions from the meeting
Manage the IFC control centre platform as well as the IFC Dashboard
Ensure that the minutes and GIFC packs are prepared correctly
Determine the appropriate agenda and discuss with the Financial Director (chair)
Pre- review of the pack to ensure effective discussion and propose controls/ improvements on matters raised.
Review the GIFC mandate
Provide input into score card
Attend and provide guidance to the Africa Regions (AR), International, BU’s and other legal entities IFC’s
Managing various IFC controls through Issue Tracker
Ensure that only material IFC issues are escalated as appropriate and logged on the Issue Tracker
Ensure the issues on the issue tracker are updated monthly and ready for monthly IFC’s
Ensure that the tool used for Issue Tracker is working effectively
Assist with driving closure of these issues
Oversee various IFC-related initiatives, as required
Write new or update existing finance policies as required
Participate in and at times drive ad hoc IFC initiatives as required
Understand other tools feeding BSS attestation tool like Procon and Acurac
Manage staff within his/area of responsibility
Preferred Qualification and Experience
Degree in accounting honours +articles. A science//mathematics/data engineering qualification with accounting may also be considered.
CA (SA) Articles and 3 years embedded experience in financial Control (BSS) functions or 5-7 years’ experience in financial control functions
