Financial Planning and Budgeting Analyst

Job Title Financial Planning and Budgeting Analyst Location Selby - Johannesburg, GP 2001 ZA (Primary) Occupational Level Professional Job Category Finance Job Type Permanent Description

BankservAfrica form part of the South African National Payments System and are a trusted partner of the financial industry, including banking institutions, and therefore require that employees adhere to unwavering standards of honesty and transparency in performing their duties.

PURPOSE

The main purpose of the role is to oversee and analyse revenue and costs budget vs forecast vs actual control, design and implement cost accounting system, track budget and costs, reviewing of costs for inaccuracies. Formulating and implementing cost savings methods; break-even analysis; performing volume and price and mix variance analysis on all products/costs. Make recommendations about cost efficiencies and financially feasible cost options to the business and management.

You will engage with the following stakeholders: Cost Centre Managers Product Managers Senior Executives Senior Heads of BUs

Your key responsibilities include:

• Budget Support and Coordination
• Assist in the preparation and consolidation of the annual budget, under the guidance of the leadership of the CFO, Head of FP&A and other appointed leaders
• Help coordinate the collection of financial data from various departments for budgeting purposes.

• • Rolling Forecast Assistance

• Support the maintenance of the rolling forecast, ensuring it reflects current business activities and market conditions.
• Contribute to the regular update of financial forecasts by gathering and analyzing relevant data
• Financial Analysis and Reporting
• Perform financial analysis to aid in the budgeting process
• Prepare initial draft reports on budget forecasts and variances for review by senior management
• Cost Monitoring
• Monitor departmental spending against the budget, flagging significant variances to the attention of senior finance managers
• Assist in identifying potential cost-saving measures and efficiency improvements
• Strategic Planning Support
• Provide support in the analysis required for long-term strategic planning and financial scenario modeling
• Participate in the development of simple financial models under supervision.
• Training and Knowledge Development
• Engage in training programs to develop budgeting and forecasting skills.
• Learn from senior managers about best practices in budget management and financial forecasting.
• Technology and Systems Utilization
• Use financial software and systems to assist in budgeting and forecasting tasks.
• Maintain data integrity within financial systems through diligent data entry and verification.
• Take part in the implementation processes for a new planning software as required
• Ad hoc Tasks
• Attend to task as requested by the Head of FP&A and other finance business partner on an adhoc basis
• Ability to translate the numbers into outcomes using story telling
• Financial Modelling
• Construct and maintain financial model in support of revenue and cost tracking and budgeting using best practice methodologies and automation where possible

QUALIFICATIONS / KNOWLEDGE Finance/Business/Quantitative qualification, ideally at honours level Numeracy essential Previous finance experience and exposure within a business partnering function preferred Relevant up to date Certifications highly advantageous Required computer literacy levels. o Accpac/Sage (Advanced) o Microsoft office suite (Advanced) o TM1/IBM Analytics

• MS 365 knowledge advantageous

EXPERIENCE

Minimum of 2 - 3 years experience in detailed revenue/cost analysis focus on control covering budget vs forecast vs actual Minimum 5 - 6 years experience in finance, accounting or management account roles Experience working in a medium to large organization Sound understanding of accounting principles Solid cost/profitability systems background advantageous Analytical thinker with strong conceptual and problem-solving skills Meticulous attention to detail with superb organizational skills Ability to work under pressure and meet tight deadlines Ability to work independently and as part of a team Excellent report-writing, communication, and IT skills