Standard Bank Group is the largest African banking group by assets offering a full range of banking and related financial services. “Africa is our home, we drive her growth” Our vision is to be the leading financial services organisation in, for and across Africa, delivering exceptional client experiences and superior value. This sets the primary goals and standard of excellence we intend to achieve in the medium term. With a heritage of over 150 years, we have an on-the-ground presence in 20 countries in sub‑Saharan Africa; fit-for-purpose representation outside Africa; and a strategic partnership with the Industrial and Commercial Bank of China (ICBC).

Job Purpose

To partner with the Head, Insurance and Asset Management, in developing & implementing the strategy through the establishment of sound financial management, accounting, procurements, provisioning & internal control systems & processes, in compliance with relevant legislative requirements for the efficient operations. To provide financial analysis & performance on product performance across Insurance and Asset Management.

Key Deliverables 

Financial Management

• Analyse & interpret financial & accounting reports to provide financial insights to the business.
• Collaborate with Head, Insurance and Asset Management & key stakeholders in ensuring the financial preparation, reconciliation & reporting within the business in alignments with financial reporting, compliance & business requirements & adhere to all accounting policies, processes & procedures.

Strategy

• Develop & implement in partnership with the business Finance strategy in order to enable the achievement of Insurance and Asset Management objectives.
• Prepare & analyse the financial results for Insurance and Asset Management, identifying problem areas & potential for improvements by means of understanding the macro-economic landscape & understanding the impact on Insurance and Asset Management business performance, highlight potential risks & opportunities.

Data

• Assist in the preparation of the Insurance and Asset Management reports & documents, that is tabled at the respective Leaderships Councils on Group & country specific levels, on a monthly basis
• Prepare monthly, quarterly & annual deliverables & reports in alignment with reporting cycles, as well as ad-hoc weekly projects deliverable reports. Review budgetary planning & performance measurement controls for Insurance and Asset Management to ensures reporting is effectively done in the Cube.

Risk, Regulatory, Prudential & Compliance

• Review the budgetary planning & performance measurement control for Insurance and Asset Management, to ensure that budgets are completed within the set timelines & specific country regulatory & geographical requirements for compliance purposes.

Product

• Review & maintain NIR mapping & product structure blueprints on a regular basis & alignment by country, by collaborating & leveraging from product teams to understand pricing, volumes & use information to provide financial analysis & insight.
• Identify & develop new product structures to be set up & facilitate the process implementation by supporting Insurance and Asset Management, specifically regarding new accounting initiatives & business case template support.

Technology & Architecture

• Identify GAPs in product automated mapping that will improve the financial & MIS reporting capabilities, working with GBM & core banking teams, initiate recommendations for improvement & manage the implementation of recommendations.

QUALIFICATIONS

Minimum Qualifications

• Type of Qualification: First Degree
• Field of Study: Finance and Accounting

Other Minimum Qualifications, certifications or professional memberships

• CPA (K) finalist or equivalent

Experience Required

Product Management

• 5 years
• Experience in advising business leaders on financial aspects & relevant stakeholders on decision making processes & strategic objectives in a financial services environment.

Financial Insights & Analytics

• 5-7 years
• Experience in running income statement to identify problems with general ledger entries & familiar with financial controls & practices in a large corporate