Job Summary
The Financial Analyst evaluates financial data, develops forecasts, and provides insights to support strategic decision-making and business performance. The role involves analyzing trends, preparing reports, and advising on budgeting, and cost optimization initiatives.
MINIMUM EDUCATION REQUIREMENTS
- Bachelor’s degree in Finance/Accounting or a related field.
PREFERRED EDUCATION REQUIREMENTS
- In addition to the first degree, pursuing a Professional certification in financial modeling or accounting.
MINUMUM EXPERIENCE REQUIREMENTS
- Two (2) years working experience in financial analysis.
PREFERRED EXPERIENCE REQUIREMENTS
- Minimum two (2) years working in a financial institution.
Functional/ Technical Skills
- Know how to apply the use of relevant modeling applications, e.g. spreadsheets (advanced user) and presentation tools (E.g. PowerPoint).
- Preparation of performance indicators, cash flow projections and forecasts
- Advanced proficiency in the use of MS Excel and PowerPoint
- Preparation of breakeven analyses
- Knowledge of Economics, Financial and Banking systems; as well as the ability to analyze data for Management Reporting.
- Knowledge of procedural controls and data validation techniques required
Job Responsibilities
- Analyse trends, preparing forecasts, and budgets across departments, VM entities, divisions and the consolidated VM Group.
- Assist in the collation and compilation of budgetary submissions for alignment with strategic targets, internal controls, VM Group policies, and regulatory requirements.
- Assist in review of budget submissions for all VM entities prior to submission to the Executives.
- Collaborate with SBU heads, department heads, and branch managers to provide support on budgetary matters, ensuring adherence including identifying risk factors and strategic opportunities.
- Maintain rolling forecast, financial projections & budgeting templates.
- Assist with segment profitability analyses including but not limited to branch, channel, product and customer profitability.
- Develop cost allocation models and analyses and other financial analyses as required.
- Monitor and maintain financial models to support scenario planning and business decision-making, forecasting outcomes under different market or operational conditions.
- Review of business cases and justifications, particularly the testing of financial analyses and assumptions · Research data to analyse trends affecting budget needs.
- Any other duty as assigned.