Accountant Specialist Role at The ABSA Bank, Apply now!

Job Details

📌 Job Title: Specialist Accounting
🏢 Company: Absa Bank Limited
📍 Location: Sandton, Gauteng, South Africa
🏠 Workplace Type: On-site
💼 Job Type: Full-Time

Company Overview

Absa Bank Limited is one of Africa’s leading financial institutions, with more than 100 years of history and expertise. The bank operates across the continent and internationally, providing banking, investment, and financial services solutions. Absa is committed to building Africa’s future through innovation, diversity, and empowering its employees.

Job Overview

Absa is seeking an experienced accounting professional to join its Sandton team as a Specialist Accounting. The role focuses on supporting the financial activities of a stockbroking business, ensuring accurate financial reporting, compliance with regulatory requirements, and efficient day-to-day operational finance processes.

The successful candidate will prepare financial information for business stakeholders, support regulatory reporting, and assist with decision-making through financial analysis and reporting.

Key Responsibilities

• Prepare and submit regulatory financial reports accurately and on time.
• Ensure compliance with capital adequacy and client money segregation requirements.
• Monitor and record all financial transactions accurately.
• Prepare financial statements and reports in line with company and regulatory standards.
• Manage general ledger, month-end close processes, and reconciliations.
• Reconcile trade settlements and brokerage commission accounts.
• Support external auditors, compliance teams, and tax authorities.
• Work with other departments to improve financial processes and efficiency.
• Manage invoicing, payments, and operational finance tasks.
• Provide financial analysis and insights to support business planning and decision-making.

Qualifications

Education

• Bachelor’s Degree or Advanced Diploma in Financial Sciences or related field.
• NQF Level 8 qualification required.

Experience

• 3 to 5 years of accounting experience.
• Proven experience in financial services, specifically within stockbroking, asset management, or investment banking.

Skills

• Strong understanding of local and international financial regulations, including FSCA requirements.
• Knowledge of client asset protection and capital adequacy regulations.
• Proficiency in ERP systems such as SAP.
• Experience with trade reporting systems such as BDA and Saxo.
• Advanced financial modelling and analysis skills.
• Strong ability to investigate and resolve discrepancies in financial data.
• Excellent communication and stakeholder management skills.
• Ability to explain complex financial matters to non-financial stakeholders.
• Strong ethical standards and commitment to regulatory compliance.

Key Performance Indicators

• Zero material adjustments required during external audits.
• 100% on-time submission of regulatory financial reports.
• Improved efficiency in reconciliation and finance processes.
• Reduction in manual processes through automation and better systems integration.

CV Tips

• Clearly highlight your accounting qualification and NQF Level 8 status.
• Include experience in stockbroking, asset management, or investment banking.
• Mention any experience with SAP, BDA, Saxo, or similar financial systems.
• Demonstrate your experience with reconciliations, month-end reporting, and regulatory compliance.
• Include examples of improving processes, reducing errors, or supporting audits.
• Highlight analytical, communication, and problem-solving skills.

Benefits

• Opportunity to work for one of Africa’s leading banks.
• Exposure to stockbroking and investment banking finance operations.
• Career growth within a large financial institution.
• Dynamic and collaborative work environment.
• Opportunity to contribute to process improvement and innovation.

Company Policy

Absa Bank Limited is an equal opportunity and affirmative action employer. In accordance with the Employment Equity Act 55 of 1998, preference may be given to suitable candidates from designated groups whose appointments contribute to equitable demographic representation and diversity within the bank.

Absa reserves the right not to make an appointment to the position as advertised.