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Bank Of America Country Controller 
South Africa, Gauteng, Johannesburg 
401311933

12.07.2024

Job Description:

Job Title:Country Controller

Assistant Vice President

Daily:

  • Review P&L reporting on a daily basis

  • Liaising with Middle Office function offshore

  • Review of Estimate to Actual (E2A) commentary, follow up and resolution of E2A issues.

  • Review Bank reconciliations

  • Review and approval of payments/transfers

  • Funding cost calculation and submission

  • Liquidity management including ensuring exchange control requirements are adhered to

Month end close process:

  • Posting of journals relating to month-end close in Oracle

  • Cost centre reallocation processes

  • Liaising with operations and offshore finance teams in clearing intercompany breaks

  • Ownership of funding journal processing

  • Substantiation of trading inventory balances, unsettled open position balances,

  • Completion of quarterly returns for US Federal Reserve

  • Preparation and submission of capital adequacy returns to regulators

  • PnL Variance analysis and presentation

Annual/Bi-Annual:

  • Preparation of Annual financial statements

  • Preparation of all annual tax returns/provisional tax returns

  • Preparation of the capital forecast

Legal entity reporting:

  • Preparation of ad hoc reports required by the management committee and board

  • Calculation and submission of various taxes on a monthly/Bi-Annual/Annual basis

Balance sheet reconciliations:

  • Ensure that monthly balance sheet substantiation processes strictly adhered to establish and maintain best in class processes for accounts under control.

Other functions:

  • Project work – ad-hoc projects mainly around process improvement forms a key part of the work requirement.

  • Cover for other finance functions when required

What we are looking for:

  • Qualified Chartered Accountant

  • Proven working experience of IFRS and Tax knowledge

  • Goal driven and proactive in dealing with matters; must display level of urgency in getting things done

  • Good team player – able to work well within a small team

  • High proficiency in Microsoft Excel (Good knowledge on Pivot tables, V lookups, etc essential)

  • Adaptable and willingness of assist with duties not necessarily falling within the Finance ambit (i.e. BEE verification processes, contracts reviews and custody, etc)

  • Energetic, enthusiastic and looking to build a career within Finance in the FS space

  • JSE regulatory reporting experience is desirable

  • A good understanding of accounting systems. Experience of Oracle and SAP an advantage

  • Prior experience in using BDA advantageous

  • Ability to interact and articulate with senior staff locally and offshore

  • Thrives under pressure with strict adherence to deadlines

  • Confident communication and interpersonal skills

  • Excellent analytical skills– able to interpret financial data and decipher impact on the business decision-making process

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.