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  • Posted: Sep 8, 2021
    Deadline: Not specified
  • 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 Officer

    Job Purpose

    To generate; analyse and report reliable; meaningful financial and non-financial information to support the requirements and decision making of the business; in line with Nedbank's strategy.

    Job Responsibilities

    • Forecast and predict monthly flash report towards end of every month by analysing trends and cost drivers.

    • Generate and compare flash results performance to various budget figures and measure growth against previous periods by performing a variance analysis.

    • Provide formal commentary and interpretation on financial information to stakeholders through variance analysis.

    • Prepare adhoc reports by gathering information from various sources and analyse and interpret the data.

    • Align reporting information to business changes by verifying and updating structural changes.

    • Forecast annual staff costs and head count management through staff run rate report.

    • Manage the cost of footprint roll-out by monitoring and reporting actual spend against budget.

    • Conduct (plan, implement, monitor and adjust)financial planning process which includes annual budget, 3 year plans and quarterly forecasts by looking at trends, initiatives, distribution and cost drivers.

    • Prepare financial, non-financial and adhoc reports to various stakeholders on monthly basis by gathering information from various sources and analyse and interpret the data.

    • Train and upskill new and existing stakeholders on financial management through one on one meetings and training sessions.

    • Provide advice to stakeholders on profitability by extracting information from various sources, interpreting and track on monthly basis.

    • Align the Region's strategy to the  Bank's strategy through business planning and stakeholder engagement.

    • Prepare and present the monthly Opcom pack to the Regional Manco and Exco Team for Quarterly Business Reviews.

    • Train and upskill new and existing line managers on financial management through one on one meetings and training sessions.

    • Ensure that reporting deadlines are met to the finance team and stakeholders by adhering to set deadlines.

    • Branch Administration Centres to ensure adherence to policy and procedures.

    • Manage, track and reconcile spend on training, local area marketing and donations to ensure compliance with relevant  department's policies and/or standards.

    • Manage closed branches and adherence to process by engaging with various stakeholders (operations, capex, channel infrastructure) to minimise risk of possible fraud and losses.

    • Keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters, websites and attending sessions.

    • Understand and embrace the Nedbank vision and demonstrate the values through interaction with team and stakeholders.

    • Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers.

    • Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed, experience practiced and certifications obtained and/or maintained within specified time frames.

    • Ensure information is provided correctly to stakeholders by maintaining knowledge sharing knowledge with team.

    • Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives  by engaging in staff surveys etc.

    • Participate and support corporate social responsibility initiatives for the achievement of key business strategies.

    • Identify and recommend opportunities to enhance processes, systems and policies and support implementation of new processes, policies and systems.

    People Specification

    Essential Qualifications - NQF Level

    • Advanced Diplomas/National 1st Degrees

    Preferred Qualification

    Bachelor of Commerce: Honours - Accounting

    Essential Certifications


    Preferred Certifications

    Type of Exposure

    • Checking accuracy of reports and rec

    • Analysing and interpreting quantitative and qualitative data Working with a group to identify alternative solutions to a problem

    • Sharing information in different ways to increase internal stakeholders understanding

    • Communicating internally and external

    • Tracking cost against a budget

    • Drafting reports

    • Communicating internally. Managing customer expectations Working in a team

    • Working in a fast-paced environment; meeting deadlines

    • Working with spreadsheets

    • Interacting with diverse people and cross-functional groups

    Minimum Experience Level

    3 - 5 years in financial management preferably in the financial services industry.

    Technical / Professional Knowledge

    • Administrative procedures and systems

    • Banking procedures

    • Cluster specific operations

    • Data analysis

    • Governance, Risk and Controls

    • Relevant regulatory knowledge

    • Relevant software and systems knowledge

    • Business writing skills

    • Microsoft Excel

    • Microsoft Powerpoint

    Behavioural Competencies

    • Building Customer Loyalty

    • Communication

    • Decision Making

    • Initiating Action

    • Managing Work

    • Quality Orientation

    Method of Application

    Interested and qualified? Go to Nedbank on to apply

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

  • Send your application

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