Manager, Cost Management at HF Group

Principle Accountabilities

• Help and support the Finance department in ensuring that only productive costs are incurred
• Be the first point of contact for expenditure proposals to Finance by business units
• Reviewing AIEs and recommending a decision to the Finance leadership
• Thoroughly vet, scrutinize expenditure requests and help business units align costs with the overall objectives of the organization
• Maintain an effective feedback mechanism for expenditure approval process.
• Periodic cost reporting including structured monthly reporting on costs incurred, savings achieved, and wastage identified
• Attend contract negotiation meetings
• Know Your Vendor due diligence
• Maintain a contracts database, monitor upcoming expiry dates and engage business units and procurement for possible alternative cost-efficient options
• Continuously review ICT and other contracts for optimization opportunities
• Improving the cost-conscious culture by operationalizing the departmental cost champions approach and building a consistent engagement with cost champions who will be senior managers and head of units.
• Support the GM Finance to implement budgetary controls in SAP ERP.
• Manage budget re-allocation across expenditure GLs on a need basis
• Ensure budgets are loaded into SAP at the beginning of every year
• Participate and guide business units throughout the budgeting cycle
• Introducing Cost Audits across the organization (business units and vendors)
• Enforcing a cost budget variance accountability mechanism with cost champions
• Ensure budgetary controls are effective and help business units operate within approved budgets
• Review finance policy and procedures and ensure they are up to date and supportive of Finance and organization’s objectives.
• Represent and articulate finance policies and processes in organizational forums
• Work with other units within Finance to ensure that costs are captured and reported accurately
• Own cost allocation and recharge frameworks and models.
• Initiate and maintain a product cost reporting framework to support product profitability analysis.

Key Competencies and Skills

General Competencies

• Results oriented
• Excellent interpersonal skills
• Highly analytical
• Problem-solving skills
• Good communicator
• Self-driven with leadership
• Team player

Minimum Qualifications, Knowledge and Experience

Academic & Professional

• A business-related Degree from a reputable institution, preferably Finance, Accounting, Banking,
• CPA certification
• Advanced Excel skills

Experience & Technical Skills

• A minimum of 7 years’ experience in banking with hands-on experience in operations management, operational risk management, business performance analysis, finance or internal audit.
• 2 years should be at the supervisory or management level.
• Hands-on experience in conflict management and change management.
• Experience in senior management relations.
• Good appreciation of accounting principles.
• Advanced MS. Excel skills and data analysis skills.
• Prior experience in cost allocation across business segments and subsidiaries
• Team and or People Management
• knowledgeable in standard procurement procedures
• Ability to take and communicate a firm decision