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Finance Solutions Analyst

Finance Solutions Analyst

Job Title: Finance Solutions Analyst
Location: Gauteng
Industry:
Salary: 900000.00
Reference: JN -092017-9563
Job Published: October 22, 2017 00:28

Job Description

1. Introduction 
An opportunity exists in the Finance Solutions area for a Finance Solutions Analyst role focused on Finance (accounting, regulatory/ statutory disclosure).
 
The focus of the Finance Solutions Analyst role will be to provide expert domain/business knowledge on all Finance and accounting aspects across the business areas. This requires a thorough and in depth understanding of processes, data and technology in the finance and accounting space.  A key function will also be the engagement with business to define a set of business requirements, to meet any business need requiring a solution.
 
The role requires people who are passionate about understanding financial and investment banking markets, with a specific focus on Finance and accounting. A thorough understanding of the technology platforms servicing Finance and accounting stakeholder base is also required.
 
2. Overview of the Position  
The Finance Solutions Analyst will report into the Finance Solutions Manager in Central Finance. Will serve as an expert within Central Finance with a deep understanding of the business processes and roles to inform the motivation for changes and the stipulation of business requirements for prioritised needs.
 
The key responsibilities of the Finance Solutions Analyst are to:
 
  1. Thoroughly understand the Finance Architecture. This person is responsible for and has to work with end-users in finance and operations as well as bank-wide projects owners to identify and attend to business needs
  2. Be an expert in Finance in and industry trends in the relevant product or business area (i.e. industry and competitor  trends and cycles)
  3. Motivate for proposed changes/improvements in the Finance area by writing business cases where relevant to assist in the Business Unit (BU)/Functional Area (FA) prioritisation process
  4. Clearly understand the business requirements for prioritized BU/FA business needs; articulate them in clear and understandable Business Requirement Specifications that can be used by Business Technology (BT) to develop needed solutions; and provide BT with needed business engagement during the solution delivery

3.Responsibilities:

1. Thorough understanding of Product/Business and User Requirements
  • Analyse business from all aspects to develop an in-depth understanding of the business
  • Ensure a clear understanding of business processes, business rules and supporting  business roles and structures
  • Be responsible for defining business process capabilities, business process design and envisioning solutions for business needs
  • Liaise with stakeholders to elicit, analyse, communicate and validate requirements for business processes, policies and, where relevant, IT systems
  • Facilitate workshops with stakeholders to discuss requirements for changes to business processes, policies and, where relevant, IT systems
  • Analyse existing business processes and facilitate improvements with stakeholders
  • Compile training material in conjunction with central BT, and provide end-user training to stakeholders where relevant
 
2. Market and Industry Expertise
  • Be an expert in market changes and industry trends by remaining on the forefront of emerging industry practice
  • Keep abreast of changes and trends in business processes and relevant methodologies
  • Ensure competitor insights by understanding what competitors are doing in the relevant business area
  • Anticipate business area needs based on insights gained from industry-wide developments
 
3. Motivation for Product/Business Changes
  • Drive forward-thinking and innovation
  • Identify opportunities for improvement and make constructive suggestions for change
  • Provide input into BU prioritisation process by motivating the rationale for proposed changes and providing business cases where relevant to support the motivation
  • Provide input into the business benefits for the proposed changes and quantify them where relevant
  • Assist in driving the prioritisation process for the BU/FA to deliver, document and communicate the roadmap agreed with business for relevant business area
  • Optimize the use of limited resources (budget and staff) when giving input into the prioritisation process
  • Conduct a gap analysis between current and required specifications when motivating for needed changes in the prioritisation process
  • Actively participate in ensuring that the proposed changes deliver the expected benefits through the facilitation of engagement between the end-users and BT
 
4. Business Requirement Articulation and Project Follow-Through
  • Clearly understand the business requirements for prioritised BU/FA business needs
  • Articulate business needs in clear and understandable Business Requirement Specifications that articulate what is needed from business and that can be used by BT to develop needed solutions
  • Engage with the central BT business analyst team while they prepare Functional Specifications and Technical Specifications that articulate how the business need will be met
  • Sign-off on the functional specifications as prepared by BT
  • Provide BT with needed business engagement during the solution delivery and play the role of user tester as required
  • Provide consultation, advice and facilitation to projects in BT as needed
  • Be responsible for implementing the business change and champion the roll out to users (i.e. landing the change within the BU/FA that does not relate to technology but would typically involve ensuring that end-user testing takes place, training is done, business processes are changed to support new technology etc.)
  • Work with project team members to define metrics/performance goals/ acceptance criteria for the solution or system
  • Assist with project evaluations, scoping sessions, PMO strategy, planning and implementation
  • Participate in quality reviews or set reviews of designs, prototypes, and other work products to ensure they meet requirements
  • Identify and raise project risks and issues
 5. Stakeholder Management
  • Manage day-to-day stakeholder interaction
  • Set and manage stakeholder expectations
  • Develop lasting relationships in his/her business area with stakeholder personnel that foster stakeholder ties
  • Communicate effectively with stakeholders in his/her business area to identify needs and evaluate alternative business solutions
  • Continually seek opportunities to increase customer satisfaction and deepen stakeholder relationships
  • Build a knowledge base of each stakeholder's business, issues and objectives

4.Qualifications & Experience

  • Undergraduate university degree
  • Lifecycle of financial instruments/ investment banking products
  • Certified qualifications and experience in the following areas would be advantageous
    • Finance, accounting or business related degree
    • Practical experience in business analyst related functions
    • Regulatory and statutory data, applications and processes
 
Key Competencies
  • Analysis and attention to detail
  • Problem Solving
  • Influencing and impact
  • Verbal and written communication
  • Business insight and risk awareness
  • Process and technological competence
  • Organisational awareness
  • Drive for results
  • Team work
  • Presentation and facilitation
  • Planning and organising