Mahomed Asif Abdool

• CORPORATE AND INVESTMENT BANKING DIVISION (CIB
• Oversaw deployment of strategic business plans to accomplish accounting, compliance and revenue targets.
• Analyzed operational performance and efficiency to identify and implement cost reduction initiatives and process improvements.
• Conducted detailed analysis of company financial information and oversaw preparation of related reports.
• Analyzed operational issues and implemented corrective action plans to improve profitability and efficiency.

• Set clear departmental objectives and developed effective strategies to achieve targeted goals.
• Analyzed financial statements against forecasts to prepare high-level variance analysis.
• Protected company assets with strategic risk management approaches.
• Produced reports outlining financial data to assist management with making strategic plans and operational decisions.

• LIQUIDITY MANAGEMENTSERVICES, TRADE & WORKING CAPITAL)

• Performed (Key Responsibilities), RMB Corporate Banking – Corporate and Investment Banking Division (Mainly assisting the chief financial officer’s (CFO’s) team with monthly financial reporting (statutory, regulatory and management reporting)
• Responsible for reporting of monthly segment statutory (FAS Packs/Financials) and SARB/Reserve Bank regulatory reporting (BA Returns) results to the Group
• Analyse and report key balance sheet and income statement items (efficiency ratios, trend and variance analysis, NIACC and ROE, Opex analysis, B/S and margin analysis, KPI’s, etc)
• Completion and consolidation of monthly management and strategic reports to Exco and Head Office (CEO Report, Risk Adjusted Performance Management (RAPM) Reports, KPI Reports, Quarterly RMB Divisional Board Report, Half Yearly Ops Reviews and Info for Investment Analysts)
• Perform analysis, review and feedback to CFO/Head of Finance and Head Office on monthly segment results (incl
• Credit and Capital reporting for segment – including monthly calculations, statutory and management reporting of numbers (working closely with the RMB wholesale credit team)
• Chair a monthly CFO/FM Financial Results meeting and a quarterly Finance Operations meeting
• Key stakeholder in providing and collating data/info for ad-hoc external consultancy firm projects (BAIN study/benefits tracking, McKinsey strategic cost management exercise, PWC CIB scorecard, PWC Recons Blitz project)
• Managing of 5 direct reports
• Computer systems used: MS Office, Advanced Excel, Essbase, HFM (Hyperion reporting tool).

· Responsible for Funding and Treasury functions.

· Maintenance of Fixed Asset Register and Asset Recons.

· Management of Finance staff and implementing of KPI’s.

· Working closely with CFO and Executive team on projects.

· Preparation of various Tax Returns for SARS.

· Preparation of monthly Cash Forecasts and presentation to Exco.

· Analysis of results and preparation of monthly management reports.

· Working closely with external and internal auditors.

· Working closely with the CFO and Head of Sales Channel, responsible for projects.

· Management of strategic projects and business cases.

· Preparation of financial models and scenario analysis to support innovation and business unit goals.

· Preparation of financial statements for strategic alliances and other partners.

· Management of procurement and BEE spend/analysis for Home Loans.

· Benchmarking financial performance against best practice.

· Awareness of industry changes and competitor activity.

· Contribute to the profitable management and achievement of set business objectives of the overall business and play an active role in its growth and development.

· Preparation of monthly management accounts for various business units.

· Analysis of results, trends and ratios and preparation of monthly management reports.

· Presenting of management reports to business units at Stratco.

· Various business cases, analysis and financial modeling exercises.

· Preparation of 2008/09 budgets and target setting process for Home Loans.

• Monthly preparation of Management Accounts and Commentary for Exco
• Preparation of Monthly CEO Reports and Quarterly Board Packs
• Monthly Opex and Revenue Analysis and investigation into Variances
• Preparation of month-end Journals to be posted in GL
• Completion of various templates and analysis for Personal Banking Division
• Preparation of Regulatory Returns and Commentary for Reserve Bank
• Submission of National Credit Act (NCA): Statistical Return for Home Loans
• Completion of monthly VAT Returns for Subsidiaries
• Preparation of Year End and Half Year End Financial Statements – FAS Packs (on Hyperion/HFM) for various Companies
• Completion of Inter-Company Schedules for Year End and Half Year End Audits
• Preparation of FNB Home Loans Annual Tax Return - Tax Packs (for SARS)
• Involved in the 2007/08 Budgets and monthly Forecasting processes
• Working closely with External and Internal Auditors
• Various Ad-hoc Queries and Projects from Group Head Office Accounting.

Preparation of Monthly Expenditure Variance Reports for all Acquiring Cost Centres and Investigation of material Variances.

· Preparation of Monthly Management Accounts for various Business Units.

· Analysis of Results, Trends and Ratios and Preparation of Monthly Management Reports.

· Presenting of Financials (Management Reports) to Business Units.

· Involvement in the Preparation of the Profit Model.

· Preparation of GL Training Manual and GL Training of staff.

· Involvement in setting BEE Targets for Sales and Marketing Cost Centres.

· Calculations and execution of movement of Budgets between Cost Centres.

· Various Extractions and Analysis of Data from Essbase and Hogan (Systems).

· Various Business Cases, Analysis and Financial Modeling Exercises.

· Involvement in 2005/06 Budgets Process.

· Preparation of Tax Packs for FNB Home Loans (Annual Tax Return).

· Maintaining and Improving Business Relationships.

· Working closely with CFO on various Strategic Projects (including JV’s, Group Schemes and Islamic Finance).

FirstRand Bank – Head Office Accounting

(Jan’03 – Sep’03):

· Calculation and Dealing of Charge-out Costs on a Monthly Basis.

· Preparing Monthly General Ledger Recons.

· Monthly Analysis of DI (Statutory) Returns.

· Preparation of Expense Analysis for Cost Centres.

· Responsible for Invoicing Process on an ongoing basis.

· Preparation and Involvement in 2004/05 Budgets.

· Involved in the Preparation of FAS Packs (Annual Financial Statements) for Subsidiaries.

· Involved in the Preparation of Tax Packs (Annual Tax Return for SARS).

FNB Corporate – Debtor Finance

(Oct’03 – Apr’04):

· Documenting a Process for Data Extraction from various client Accounting Packages (Manual for creating Templates).

· Ensuring Completeness and Accuracy of Daily Collections, Sales and Advances Registers before Posting.

· Involved in various Month-End Recon Processes.

· Audit of Clients Debtors Ledger, including Audit of Working Capital.

· Involvement in Preparation of detailed Audit Pack.

· Preparing Audit Reports with various Analysis and Commentary.

FirstRand Bank – Internal Audit

(May’05 – Jun’05):

· Involved in Audit Planning and Pre-engagement Activities.

· Involved in Audit of Corporate Credit Cards within various Divisions.

· Validating Completeness and Accuracy of all business spend.

· Documenting of Audit Findings and Submission of Working Papers to Audit Manager.