SFO: Project Finance at Nedbank

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.

Job Responsibilities

• Provide meaningful recommendations, explanations and highlights of concerns or anomalies by analysing and interrogating financial information.
• Ensure accurate and timeous budgets and rolling forecasts are submitted and reviewed by ensuring that they align with key economic indicators and group strategic initiatives.
• Ensure accurate financial results by reviewing reconciliations and following up on unreconciled items.
• Consolidate financial reports and make value added recommendations by using information from various sources.
• Understand and meet stakeholders’ requirements through ongoing engagement.
• Assist in the achievement of group collaboration initiatives by identifying opportunities to create beneficial partnerships and synergies.
• Ensure relevant, best practice analysis and reporting by providing ongoing guidance and coaching to the team.
• Meet deadlines and targets through prioritising effectively, planning and communicating.
• Maintain high standards of analysis and reporting within defined timeframes by planning, organising and monitoring workflow.
• Contribute to intellectual capital development by providing continuous motivation, mentoring, coaching and on the job skills training.
• Achieve team objectives within specific timeframes.
• Manage defined risks in the finance function and risk categories at targeted levels by adhering to internal and external guidelines/policies/ procedures/business rules/ compliance and governance requirements.
• Support the achievement of the　business strategy, objectives and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems, process, services and solutions are aligned.
• Share knowledge and industry trends with team and stakeholders during formal and informal interaction.
• Obtain buy-in for developing new and/or enhanced processes (e.g. operational processes) that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.
• Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
• 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 project, process or situation
• Challenging the status quo with a view to improve people's understanding of issues
• Writing business proposals
• Identifying trends

Job Responsibilities

• Monthly monitoring of Internal resource billing on Time capture system
• Monitor external vendor spend in line with Procurement policy and governance guidelines
• Monthly montoring of accounts payable
• Initiate bi-weekly sessions with Project Managers to discuss relevant information regarding project- / asset health, progress, financial status, risks. Have regular informal follow up discussions regarding agreed actions.
• Initiate bi-weekly feedback sessions with line manager to provide meaningful recommendations, explanations and highlights of concerns or anomalies by analysing and interrogating financial and project information.
• Supply Project Finance Steerco packs with PowerBI information to relevant stakeholders within 5 working days of each month.
• Attend Project / Program Steering Committee meetings to present and discuss project financials

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• CA with Articles or CIMA  qualified.

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.

Advantageous experience:

• Project Accounting

Skills:

• SAP
• Excel advanced
• 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