Senior Cost Accountant at Nedbank

Purpose of the job

• Provide relevant stakeholders with analytics and insights on Nedbank's strategic costing objectives, policies and procedures.
• Construct and monitor cost-effective data accumulation processes where needed, to provide an appropriate level of costing information to line management for decision making. Provide relevant stakeholders with analytics and insights on Nedbank’s strategic costing objectives, policies and procedure.

Key Duties and Responsibilities

• Develop and implement cost accounting procedures for clusters by analysing the general ledger costs, allocation of costs together with related volumes.
• Prepare / review monthly closing entries and financial statements by analysing related cost allocations and variances 
• Ensure accuracy of financial records by reconciling numbers to costs allocated to underlying activities 
• Minimise costs by staying within the stipulated budget
• Provide cost reports and analysis to management to assist with operational requirements as required.
• Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate.
• Establish and maintain sound business relationships with all stakeholders through continuous engagements.
• Meet stakeholder expectations and needs through but not limited to, provision of reliable, accurate and insightful costing information. 
• Address stakeholder requests by timeous response and resolution of queries.
• Obtain relevant information for modelling through continuous engagements with relevant stakeholders.
• Stakeholder engagement for changes in the process, and able to present changes for interrogation.
• Uphold and apply governance to all query resolutions and changes made.
• Ensure activity-based costing is modelled correctly by reconciling the output costs back to the source of information.
• Strong technical costing modelling rules, including agile application costing rules as the costing landscape changes.
• Seek opportunities to improve business processes and systems by identifying and recommending effective ways to communicate.
• Ensure that the services from business units are accurately costed by analysing and comparing to previous periods.
• New services approved through costing governance rules and applied through detail understanding and transparent engagement will all stakeholders impacted.
• Ensure compliance with appropriate costing policies and procedures by continuous engagement with the relevant stakeholders.
• Stay abreast in the field and deliver on the expectations from stakeholders by building capability of self through training and development.
• Embrace the Nedbank Vision and Values by leading by example.
• Drive the development of new or enhanced processes, through the effective use of technology enablers.
• Improve the functioning of financial reporting by highlighting benefits in support of the implementation of recommendations and obtaining buy-in from cluster teams. 
• Driving increased automation in the sourcing of information for transfer pricing. 
• Ensure accuracy of work by working according to policy and procedures.
• Generate the monthly aged analysis and distribute to prompt calls to be addressed and closed.
• Ensure that costing model is stable, and that data is intact
• Identifying issues and being pro-active to resolve and communication to users to ensure smooth loads monthly.
• Owns the costing system able to provide insights to stakeholders on required changes for ease of use and decrease processing time.

Professional skills required

• SAP products experience.
• Agile and adaptable Data Modelling skills using changing Technology landscape.
• Microsoft Office products.
• Data-analytical skills.
• Business & Report writing skills.
• Business Acumen, Business analysis discipline, Techniques and Practices
• Ability to build strong relationship with a diverse group of stakeholders.
• Excellent written communication and presentation skills.
• Ability to gather information and analyse problems.
• Governance, risk and controls.
• Cost Accounting theory.

Educational requirements

• Relevant post graduate degree (Costing or Financial Diploma, CIMA OR Bcom Accounting CA(SA) 
• 5 years Financial Accounting experience preferable and relevant industry experience.

Skills

• Conducting root cause analysis
• Analysing that require an in-depth evaluation of multiple factors
• Developing ways to minimise risks
• Managing conflict situations
• Sharing information in different ways to increase clients understanding
• Challenging the status quo with a view to improving the environment or internal stakeholders understanding
• Comparing two or more sets of information
• Interacting with various levels of management
• Conducting gap analysis
• Coordinating and securing buy-in from internal stakeholders
• Answering customer questions
• Identifying trends
• Preparing and delivering presentations/reports

Behavioural Competencies

• Earning Trust
• Decision Making
• Facilitating Change
• Influencing
• Initiating Action
• Innovation
• Becoming a Business Advisor
• High-Impact Communication

Closing date: 23 April 2026