Senior Financial Officer at Nedbank

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