Learnership at ABSA – Product Controller

Website Absa Group Limited

Job Description:

The overall responsibility of this role includes, but is not limited to, daily Profit and Loss production and balance sheet substantiation, reconciliations, financial reporting, Annual Financial Statement preparation, tax calculations, forecasts and involvement in broader, floor wide Product Control initiatives.

Job Responsibilities:

  • Reconciliations including timely resolution of breaks/issues
  • Interaction with key stakeholders
  • Profit and Loss production and BS substantiation
  • Financial reporting, including but not limited to monthly management packs & Annual Financial Statements preparation via a system called Hyperion
  • Reporting – Ensuring reporting is accurate and timely
  • Profit and Loss review – understanding and providing commentary on the Profit and Loss; displaying an understanding of the applicable Greeks (attribution) to explain
  • Profit and Loss moves and the respective products on the desk. Being able to relate the said moves to Market trends or behavior.
  • Control environment – Overseeing the control environment in which the business operates

Job Requirements:

  • Investment banking or Product Control experience
  • Experience in creating and maintaining an effective control environment
  • Product specific knowledge is an added advantage
  • Individual must be strong with regards attention to detail/accuracy, and able to operate within a complex environment
  • BCom Accounting/Finance qualification/CIMA candidacy
  • Financial Accounting (including IFRS) knowledge

Qualification & Experience:

Bachelors Degree and Professional Qualifications: Business, Commerce and Management Studies (Required)

Job Details:

Company: Absa Group Limited

Vacancy Type:  Full Time

Job Location: Sandton, Gauteng, SA

Application Deadline: N/A

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