Finance Manager-Business Performance and Management Accounting – BBS BANK LIMITED

The Finance Manager, Business Performance and Management Accounting is responsible for overseeing and driving financial performance analysis, management accounting activities, and strategic decision-making processes within the bank (including the bank’s subsidiary).

Key Performance areas:

• Supports the Head of Finance in the implementation of a robust planning and reporting system that enables timely provision of information to the Executive Management for quality of decision-making.
• Conduct in-depth financial analysis to assess the bank’s performance against key financial metrics.
• Identify areas for improvement and efficiency gains to enhance financial performance.
• Prepares monthly management accounts for business units and or branches. Ensures that business units and branches are classified as cost or profit centers.
• Prepares reports and ensures that they clearly reflect policies on cost allocations and cost absorption methods. Uses internal transfer prices for allocation of revenues and costs.
• Oversees the preparation of business unit variance reports, analyzing actual costs against budgeted costs and advises on cost containment strategies.
• Produces product, customer and branch profitability reports monthly for management decision making.
• Responsible for managing the budgeting process throughout the organization on an annual basis. Provides advice to the various business units on budgeting and prepares the consolidated budget for the bank.
• Prepares plans in the long term, including 5-year budget forecasts.
• Develop financial models and projections to support strategic decision-making.
• Monitor budget performance throughout the year.
• Identify and analyze budget variances.
• Recommend adjustments to the budget based on performance and changing circumstances.
• Develop accurate financial forecasts based on historical data and current trends.
• Monitor financial performance against forecasts.
• Communicate forecast updates to relevant stakeholders.
• Adjust forecasts as needed based on new information or changes in the business environment.

Qualifications:

Minimum of a Bachelor’s Degree in Accounting and passed finalist or a member of any of the professional accounting bodies – ACCA/CIMA preferred.

Experience:

• Five or more years of Management Accounting and related supervisory experience.
• Member in good standing of Botswana Institute of Chartered Accountants.
• Member in good standing of a professional Body (ACCA, CIMA, CA)