Finance Executive: IFRS Advisory Group at Nedbank

Job Overview

• The Finance Executive: IFRS Advisory Group is responsible for leading Nedbank’s International Financial Reporting Standards (IFRS) compliance, ensuring accurate financial reporting, and providing strategic guidance on accounting matters across the Group. This role involves researching and advising senior management on IFRS-related issues, providing IFRS support for new product approvals, supporting key decision-making processes with IFRS insights, overseeing financial statement preparation, and implementing new accounting standards. Additionally, the role focuses on developing and mentoring finance professionals to strengthen the bank’s IFRS expertise and financial reporting capabilities.

Key Responsibilities

 IFRS Compliance & Advisory

• Lead the interpretation and application of IFRS standards across the bank.
• Provide technical accounting guidance on complex transactions (e.g., financial instruments, consolidation, revenue recognition, impairments).
• Assess the impact of new and revised IFRS standards and oversee their implementation. Lead cross-functional projects and ensure timely delivery of high-quality outputs.
• Develop and maintain IFRS accounting policies and procedures.
• Provide IFRS strategic analysis to evaluate potential M&A opportunities, including due diligence, synergy assessment, and valuation modelling.
• Lead IFRS benchmarks of local and international peers to identify topical issues and to provide strategic insights and recommendations based on IFRS analysis.

Financial Reporting & Disclosure

• Ensure the bank’s financial statements comply with IFRS and regulatory requirements.
• Provide support to Cluster finance teams to ensure financial statements comply with IFRS and are consistent with Group interpretations and guidance.
• Oversee the preparation of IFRS-compliant financial statements, disclosures, and reports.
• Collaborate with finance teams to enhance the accuracy and integrity of financial reporting.

People Development & Leadership

• Build and lead a high-performing IFRS advisory team.
• Supervise and mentor junior finance team members, fostering a culture of collaboration and continuous learning.
• Mentor and develop finance professionals, fostering a culture of continuous learning and technical excellence.
• Conduct training sessions and workshops on IFRS updates and best practices.
• Provide career guidance and support to team members, ensuring professional growth and skill enhancement.

Stakeholder Management

• Act as a key advisor to senior management and the board on IFRS matters.
• Collaborate with senior leadership, including the Executive: Group Financial Control, CFO, and Finance Form, on IFRS compliance and strategic matters.
• Liaise with Cluster finance teams, treasury, and risk management to ensure a holistic approach to IFRS reviews and assessments.
• Liaise with external auditors, regulators, and standard-setting bodies.
• Provide training and technical updates on IFRS to finance teams and key stakeholders.

Risk & Compliance

• Monitor IFRS-related risks and ensure proper risk mitigation strategies.
• Support new product approval processed to ensure compliance with IFRS-related matters.
• Stay updated on IFRS developments and regulatory changes impacting financial reporting.

Qualifications & Experience

• Chartered Accountant (CA).
• 8+ years of experience in IFRS advisory, financial reporting, or audit (preferably in banking or financial services).
• In-depth knowledge of IFRS, financial instruments (IFRS 9), and banking regulations.
• Strong leadership, analytical, and communication skills.
• Experience in training, mentoring, and developing finance professionals.

Key Competencies

• Expertise in IFRS and financial reporting.
• Strategic thinking and problem-solving.
• Ability to communicate complex accounting concepts clearly.
• Strong stakeholder management and decision-making abilities.
• Passion for talent development and leadership.