Bank Jobs Opportunities in Tanzania at ABSA 2024:- Business Manager Job at ABSA Bank Tanzania, If you have been Looking to work with any bank here you may apply for the Business Manager Job. This is how to apply for this job.
Bank Jobs Opportunities in Tanzania at ABSA-Business Manager
Job purpose:
- Reporting to the Head of Business Banking, MI Analytics for Business Banking is responsible for providing focus on business direction by planning and driving financial performance, business management, performance management and detailing the MI operations of the BB business.
- The role holder is also the main point of contact with other business functions and external auditors on performance-related issues and projects.
- This requires the role holder to have regular contact with the Country Finance, Relationship Banking and BB Product teams to proactively identify and agree on performance factors.
- Track, monitor, analyze and review progress against objectives and make recommendations to BB Head and the broader team members. The role holder is therefore expected to have extensive knowledge of BB products, deal structuring, financial planning, and believer in budget and performance discipline.
Bank Jobs Opportunities in Tanzania at ABSA
Key responsibilities and approximate time division
Directing business leadership 40%
- The Head of Business Banking assists in the development of BB’s strategy by providing insightful strategic analysis of competitor activities, pricing trends, sensitivity, economic analysis, and other relevant macro-trend analysis.
- Coordinates and compiles BB Bank’s financial budgets/plans (both STP and MTP) including analytical support for budget drivers and plan operations for specific BB business in coordination with budget owners.
- BB Functional budgets are challenged and thus ensured that they are realistic and up-to-date and make recommendations regarding BB functional objectives to the BB Head.
- Manages BB budgets and financial performance including income, cost and balance sheet flows highlighting material variances and reports regularly to Head of Business Banking with recommendations for timely strategic action.
- Monitors market developments and builds relationships with product and relationship teams in designing strategic pricing initiatives and structures to drive financial performance.
- Performs GAP analysis on client portfolios in coordination with the Relationship and Product teams and provides a recommendation report on potential business development and/or areas of expansion within existing BB portfolios and thus impact on client relationship plans.
Business Administration and Development MI 20%
- Owns and coordinates the development and management of robust, relevant, timely and effective management information (MI), on occasion; Which leads the direction of BB’s business and performance improvement.
- Supports functional and product managers in designing and managing business processes that reduce income leakage and assists in reviewing business processes for efficiency and cost effectiveness.
- Manages and coordinates revenue collection and cost reduction operations including monitoring of auction interest reports and monitoring of overall pricing for BB products.
- Reviews client refund claims with a recommendation for approval to the BB Head with a view to identifying, repairing and optimizing falls that entail refunds.
- Recommend spending approvals to the BB Head. Coordinates all financial, commercial and performance matters with other business functions.
- Manages and coordinates BB’s external financial audits to provide required information and respond to all audit inquiries raised by the external auditors. Follow up on audit results to ensure timely implementation of corrective actions.
Bank Jobs Opportunities in Tanzania at ABSA
Performance management 30%
- The BB Head assists in aligning individual and collective goals to ensure that the agreed individual and collective professional development goals contribute adequately to the achievement of the overall financial goals and objectives of the BB business.
- Manages performance monitoring and the process of tracking the progress of individuals, relationships, and product teams against PD plans, reporting to the BB Head and all other stakeholders. Work with colleagues to identify areas for improvement and review results regularly.
- Coordinates the compilation of the monthly detailed BB performance package and the monthly performance dashboard periodic which provides interpretations to team members based on the compilation for transparency and objectivity in performance measurement, which is essential to endorse and motivate the team.
- Structurally challenges monthly results and forecasts for BB’s business areas and financial reporting. Assist in defining value-added initiatives to improve performance.
- Manages and coordinates monthly team performance meetings for department heads to review financial performance and strategic forecasting. Monitors and tracks agreed action points from these meetings to drive performance.
Team management 10%
- Work closely with the Head of BB and BB Relationship and Product teams to drive and deliver performance across the BB business.
- Train team members on how to proactively measure individual and group financial goals for PD professional development reflecting their feedback to gain acceptance for effective and efficient PD review and process improvement.
- Manages performance team members. Guide and influence broader team members involved in MI’s operations in effective and efficient methodologies for data collection, processing, and analysis.
- Promote teamwork in delivering performance by designing performance measurement processes that recognize performance at both individual and team levels.
Bank Jobs Opportunities in Tanzania at ABSA
Risk objectives and controls
Effectively manage risk and control by applying applicable risk frameworks and integrating a positive risk culture
- Understand the particular role in the end-to-end processes in which you play a role, including applicable risks and controls.
- Adhere to Absa policies and procedures applicable to the particular role, demonstrate sound judgment and manage responsible risks.
- Report all risk related events/accidents/issues using the specific process for your work area and help understand why they occur and how to prevent them in the future.
- Proactively look for ways to improve the control environment by looking at what errors can occur in your processes and how errors can be prevented.
- Continuous and proactive engagement with regulators and unions when required
- All mandatory training completed by deadline
Technical Skills / Competencies
- Analytical thinking and judgment.
- Change, Finance and Business Administration.
- Data collection.
- Computer literacy specifically is highly efficient in Excel spread sheets.
- Good understanding of the brain
- Relationship management.
- Business knowledge and proactive.
- Presentation/communication skills.
- Performance climate.
Bank Jobs Opportunities in Tanzania at ABSA
KNOWLEDGE, EXPERIENCE AND EXPERIENCE
- The employer will require a wide range of knowledge to effectively perform the role including:
- Strong skills in business planning and financial management.
- Strong analytical and diagnostic skills.
- Good presentation and communication skills.
- Ability to work to tight deadlines without compromising accuracy.
- Good understanding of BB product dynamics and pricing structures.
- Estimation of the BB business risk profile.
- Good understanding of the financial reporting structure in ABSA and financial operations.
- Strong team player with good interpersonal skills.
- Good understanding of performance dynamics management processes and techniques.
- Good computer/system skills.
Experience, qualifications and other requirements for the role
Basic
- Experience and/or understanding of the financial services environment (eg the Absa financial reporting framework and/or experience in managing P&L and balance sheet performance.
- Experience in and/or understanding of the B banking environment with a good understanding of BB products, deal structuring, pricing structures and relationship management.
- Experience in financial and commercial analysis and management and general awareness of the Tanzanian economic landscape and how this affects BB’s business.
- Graduation caliber with a Business University degree (preferably finance or accounting) with other relevant professional qualifications.
Bank Jobs Opportunities in Tanzania at ABSA
Key issues over the next 12-24 months
- Gap proactive analysis of BB’s business relationship portfolios with a view to improving customer relationship plans to increase our share of the portfolio.
- Improve BB revenue collection and cost management processes.
- Improve BB MI development that supports BB strategy and drives performance.
- Improving BB PD performance measurement processes that adopt the principles of fairness, accuracy and objectivity in the process.
Absa Rate
The values and behaviors of ABSA represent the set of standards that govern the actions of all employees of the Bank, and on the basis of which the performance of each of us in ABSA is evaluated and rewarded:
- Driving high performance to sustainable results
- I’m obsessed with the customer
- I have an African heartbeat
- I think our people are our strengths
Bank Jobs Opportunities in Tanzania at ABSA
Education
National Diplomas and Advanced Certificates: Business, Commerce and Management Studies (Required)
