IT Financial Management Analyst job at Stanbic IBTC Bank - NewBalancejobs

IT Financial Management Analyst job at Stanbic IBTC Bank

Stanbic IBTC Bank

IT Financial Management Analyst job at Stanbic IBTC Bank

Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa’s financial system for 150 years, and now spans 16 countries across the African continent.

Standard Bank is a firm believer in technical innovation, to help us guarantee exceptional client service and leading edge financial solutions. Our growing global success reflects our commitment to the latest solutions, the best people, and a uniquely flexible and vibrant working culture. To help us drive our success into the future, we are looking for resourceful individuals to join our dedicated team at our offices.

Job Title: IT Financial Management Analyst

Job ID: 45746
Location: Lagos Island, Lagos
Job Sector: Banking

Job Details

  • Information Technology: systems development, business analysis, architecture, project management, data warehousing, infrastructure, maintenance and production.

Job Purpose

  • Responsible for planning, organisation and control of all financial and accounting activities within the IT department

Key Responsibilities / Accountabilities

  • Responsible for planning, organisation and control of all financial and accounting activities within the IT department
  • Coordination of IT financial planning and budget management activities for the financial year including formulation of the IT budget for the next financial year
  • Creation, review and control of financial procedures and payment request forms (motivations); ensuring that each transaction and payment has the necessary approval and justification
  • Investigation of discrepancies in General Ledger (GL) account postings on SAP finance and provision of responses to ad-hoc requests from several stakeholders on budget and finance related issues
  • Preparation of monthly, half year and year- end accruals while ensuring the report adequately captures the relevant outstanding payments in line with the organization’s accrual procedures
  • Management of the annual strategy formulation process for the department in line with expected business outcomes and continuous tracking of the deliverables agreed by the respective IT units
  • OPEX and CAPEX management and reporting against budget on a monthly and ad-hoc basis
  • Development of models to track the total IT cost to deliver and maintain IT services provided to the business
  • Provision of insights for decision making to IT Management Committee, Board IT Committee and other governance committees via financial management reports, cash-flow forecasts, research and trend analysis
  • Management of departmental budget for Staff recruitment, trainings and travel to align with the headcount / staffing and personal development strategy of the department
  • Finance liaison officer between the department and every stakeholder including but not limited to finance matrix partners (in – country and Standard Bank Group), procurement unit, internal and external auditors and all business units across PBB, CIB, GCF and Wealth
  • Workforce management support for the IT Business control team in terms of:
    • Formulation and tracking of training plan and liaising with learning and development business partners on effectively delivering the approved upskilling plan / strategy for the department
    • Collation, tracking and reporting of leave plan and utilization
    • Tracking and reporting of headcount changes (recruitment and exit) and organogram / staff list updates
    • Planning of monthly tech hub sessions, annual award and recognition events, annual team bonging activities, health roadshows, etc.

Preferred Qualifications and Experience

  • First degree in Finance, Accounting, Computer Sciences or IT related course
  • Strong knowledge of and experience with Microsoft office packages most especially Ms Excel;
  • Strong analytical, communication and presentation skills.
  • Minimum of 2 years experience in Cost management, business management, project management, procurement and financial analysis

Knowledge / Technical Skills / Expertise
Technical Competencies:

  • Data Management
  • Data Analysis
  • Financial Management
  • Knowledge of Banking & Financial Services business.


All Interested and qualified candidates should:
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