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  • Posted: Mar 29, 2022
    Deadline: Not specified
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    Nedbank Group Limited is a bank holding company that operates as one of the four largest banking groups in South Africa. The company's shares have been listed on the JSE Limited since 1969. The group offers a wide range of wholesale and retail banking services through four main business clusters, namely Nedbank Corporate and Investment Banking, Nedbank Retai...
    Read more about this company

     

    Senior Financial Manager: Digital

    Job Purpose
    To direct; add value and enable business decisions through effective consolidated financial analysis; reporting and controls across a range of business functions or companies; in line with Nedbank business strategy. Execute through gathering, analyse, maintain, develop and report reliable financial and non-financial management information to support the requirements of the digital business. 

    People Specification
    Job Responsibilities

    • Provide meaningful recommendations, explanations and highlights of concerns or anomalies by analysing and interrogating financial information.
    • Ensure accurate and timeous budgets are submitted and reviewed by ensuring that they align with key economic indicators and group strategic initiatives.
    • Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
    • Produce a monthly digital income statement across RBB including key ratios.
    • Run with the full financial reporting and budgeting function for Avo, which is the most successful and   largest beyond banking platform in SA. The successful candidate will hence get experience in how platform  businesses are run.
    • Show profitability per digital channel (app, web, ussd)
    • Calculate avg profitability for a digital customer vs non-digital customer (including analysis of revenue and costs physical vs digital)
    • Specific focus on calculation of cost to acquire and cost to serve in the digital channels (including a comparison to physical cost to acquire and serve)
    • Calculate other client metrics for digital ie cross sell, main banked, digitally active, digitally enabled etc
    • Product profitability for digital products
    • Produce budgets for the digital business (full income statement and balance sheet)
    • Assist the digital business with preparation and review of business cases, including benefits tracking   once projects land
    • Work with the 4-cubed team to incorporate channel (digital and physical) into the cube

    Essential Qualifications - NQF Level

    • Professional Qualifications/Honour’s Degree

    Preferred Qualification

    • Chartered Accountant

    Type of Exposure

    • Conducting root cause analysis
    • Developing ways to minimize risks
    • Managing conflict situations
    • Influencing stakeholders to obtain buy-in for concepts and ideas
    • Sharing information in different ways to increase internal stakeholders understanding
    • Brainstorming ways of improving a product or situation
    • Challenging the status quo with a view to improve people's understanding of issues
    • Managing team dynamics
    • Writing business proposals
    • Identifying trends

    Minimum Experience Level

    • 8 years in financial management preferably in the financial services industry and 2 years managing others.

    Technical / Professional Knowledge

    • Banking procedures
    • Business Acumen
    • Cluster specific operations
    • Data analysis
    • Governance, Risk and Controls
    • Industry trends
    • Relevant regulatory knowledge
    • Relevant software and systems knowledge
    • Remuneration policies and principles
    • Research methodology

    Behavioural Competencies

    • Building Partnerships
    • Earning Trust
    • Communication
    • Decision Making
    • Planning and Organizing
    • Quality Orientation

    Method of Application

    Interested and qualified? Go to Nedbank on jobs.nedbank.co.za to apply

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