SFO: Retail Home Loans Finance at Nedbank

Job Purpose

To perform the activities of financial reporting to internal and external stakeholders of the Nedbank Group for the home loan product and associated legal entities to ensure accurately, timeously and complies with IFRS and other regulatory requirements.

Job Responsibilities

• Responsible for the completion of Annual Financial Statements for four securitisation entities and four other legal entities with an asset base of R8bn.
• Responsible for all VAT, tax and regulatory returns for all of the eight active legal entities.
• Responsible for preparation and capturing of forecasts and budget as well as the reporting thereof for the eight active legal entities
• Responsible for the accounting of an asset base transaction that requires the preparation of monthly management accounts, liaising with the regulatory team and the counterparty finance team monthly to ensure accurate accounting for the transactions.
• Responsible for consolidation entries for all transactions that impact Nedbank Limited and Nedbank Group results.
• Responsible for preparing and co-ordinating technical tax, VAT and accounting opinions for new and existing transactions and new transaction structures relating to the home loan product.
• Responsible for the monthly flash reporting and commentary of actuals vs budget
• Management accounts for the home loan product across the Nedbank Group, together with management pack review and reporting to various committees on product performance
• Ensure accuracy and completeness of disclosures through analysis and comparison between different reports (internal and external).
• Assist with the review of VAT and accounting for properties in possession
• Responsible for detailed costing per channel for the Home Loan product
• Responsible for preparing business cases impacting the Home Loan product
• Responsible for supporting internal and external audit
• Assisting with half year and year-end analyst booklet commentary for the home loan product
• Required to contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (eg. staff surveys etc.).
• Identify and recommend opportunities to enhance processes; systems and policies and support implementation of new processes; policies and systems.

Minimum Experience Level

• 3-year SAICA accredited articles

Essential Certifications

• B(Com) Accounting with Honours

Preferred Certification

•  B(Com) Accounting with Honours
• Completion of SAICA accredited articles
•  CA(SA)

Technical / Professional Knowledge

• Strong taxation and VAT knowledge and skill
• In-depth understanding of accounting and IFRS standards
• Strong understanding of management accounting and transfer pricing
• Have experience or strong understanding of internal and external audit requirements
• Advanced Excel and PowerPoint skills
• Banking knowledge
• Banking procedures
• Business Acumen
• Business principles
• Business terms and definitions
• Business writing
• Cluster specific operations
• Communication Strategies
• Data analysis
• Governance, Risk and Controls
• Industry trends
• Microsoft Office
• Nedbank culture and values
• Nedbank policies and procedures
• Nedbank vision and strategy
• Principles of financial management
• Pinciples of project management
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Research methodology
• Decision-making process

Behavioural Competencies

• Applied Learning
• Have the ability to work quickly and accurately
• Strong work ethic and learning attitude
• Can do attitude
• Communication
• Decision Making
• Work Standards
• Managing Work
• Technical/Professional Knowledge and skills