Financial Analyst

Overview

PT
UBA America’s Finance Department is responsible for financial, regulatory and management reporting, as well as budgeting, performance management, business intelligence and related activities. The department has four primary focus areas i.e. Support the CEO in strategy development and execution, Timely and accurate provision of MIS reports and performance management, financial accounting and Regulatory reporting.

JOB SUMMARY

MARY This role reports to the CFO / Head of Finance Department and is responsible for expense management, fixed assets management, account reconciliations, preparation of MIS and performance reports as well as contribute to the design and implementation of process improvement initiatives. The role also provides necessary daily support to the Department Head and acts as back up to other Finance activities.

The incumbent of this position shall be responsible for adhering to the provisions stated in the Employee Accountability Policy Statement.

• Expense Management
• Accountable for job performance actions, which includes decisions impacting position responsibilities conforming to the bank’s risk appetite and tolerance levels as articulated in the bank's Risk Appetite & Tolerance Framework, mitigating violations or breaches to the bank’s risk appetite in the exercise of their empowerment and the achievement of desired job performance outcomes as directed by Management.
• Accounts payable:
  Manage the accounts payable function, including processing payment of all invoices in a timely manner.
• Expense policies and procedures:
  Manage accrual, prepaid expense and accounts payable policies, including amending procedures as required and maintaining quality up-to-date documentation.
• Track MEPs, ensure cost control and compliance with expense policy.
• Expense analysis:
  Primary responsibility for analysis of expenses, including breakdown of historical spend, trend analysis and budget variances analysis. Respond to inquiries related to expenses with quick TAT.
• Expense budget:
  Primary responsibility for preparation of the annual expense budget, including presenting historical data to departments and performing analytical review on their submissions.
• Transparency:
  Ensure maximum transparency in the accounting records for expenses, including design of chart of accounts, GL entry narratives and Quick Books field input, with a view to reduce TAT for inquiries and analysis.
• Tax information reporting:
  Prepare 1099s, respond to external requests, maintain records for all vendors and ensure receipt of W-9s from all new vendors.
• Process improvements:
  Contribute to the identification and initiation of process improvement requirements related to expense management, including but not limited to transition to the Paperless platform, converting the Quick Books database so it supports expense analytics, expense account reconciliation and sales tax reporting.

• Fixed Assets Management
• Reporting:
  Ensure correct posting of asset acquisitions, disposals and depreciation in the GL; produce roll-forward schedules as required.
• Capital budget:
  Prepare annual capital expense and depreciation budget; monitor capital project spends through collaboration with other departments.
• Physical count:
  Ensure that physical counts are performed as per policy and are re-performed when assets are moved to new locations.
• Process improvements:
  Primary responsibility for process improvements related to technology that supports the fixed assets management function, including but not limited to transition to the Sage platform, converting the Sage database so it supports capital expense analytics and capital expense account reconciliations.

• Strategy, Budgeting and Performance Management
• Contribute to development and periodic review of Strategic Business Plan.
• Support the CFO in the development of the annual budget;
  Analytics:
  Assist CFO and Controller with various analysis, including budget-to-actual variance analysis, investigation of drivers of financial statement positions.
• Conduct monthly monitoring of budget achievement and prepare variance reports.
• Analyze business performance and prepare performance management reports.
• Monitor dormant and inactive accounts and escheatment of abandoned properties.

• Reporting
• Daily reporting:
  Produce certain daily reports including the daily CED/ Due to & from HO report, and other distributions required by the bank. Work with IT and Group Finance to automate reporting wherever possible.
• Financial close:
  Support the Controller in the daily, month-end and year-end financial close processes, including journal entry preparation and general ledger review.
• Other reporting:
  Assist Controller in the preparation of internal and external reports, including financial statements, regulatory reports, budget, audit, and ad hoc reports as needed by management, Head Office or regulators.
• Presentations:
  Support CFO by producing and updating management reporting decks, including slides and graphics.

• General…