Senior Financial Officer

Job Purpose
To produce, assess, and report trustworthy and significant financial and non-financial data that aligns with the needs and decision-making processes of the business, consistent with Nedbank's strategic objectives.

Job Responsibilities

• Anticipate and prepare the monthly flash report toward the end of each month by analyzing patterns and cost influences.
• Create and evaluate flash results performance against various budget figures and assess growth compared to prior periods through variance analysis.
• Deliver formal commentary and interpretation of financial data to stakeholders via variance analysis.
• Compile ad hoc reports by collecting information from multiple sources and analyzing and interpreting the data.
• Adjust reporting information to reflect business changes by verifying and updating any structural alterations.
• Project annual personnel costs and manage headcount through staff run rate reporting.
• Oversee the expenditure of footprint roll-out by tracking and reporting actual spending in relation to the budget.
• Execute the financial planning process, which includes the annual budget, three-year plans, and quarterly forecasts by analyzing trends, initiatives, distribution, and cost drivers.
• Prepare financial, non-financial, and ad hoc reports for various stakeholders on a monthly basis by sourcing and analyzing information from diverse sources.
• Educate and develop new and existing stakeholders on financial management through one-on-one meetings and training sessions.
• Provide guidance to stakeholders regarding profitability by extracting data from several sources, interpreting, and tracking it on a monthly basis.
• Ensure alignment of the Region's strategy with the Bank's strategy through business planning and stakeholder collaboration.
• Create and present the monthly Opcom pack to the Regional Manco and Exco Team for Quarterly Business Reviews.
• Train and enhance the skills of new and existing line managers in financial management through individual meetings and training sessions.
• Meet reporting deadlines for the finance team and stakeholders by complying with established timelines.
• Ensure Branch Administration Centres adhere to policies and procedures.
• Manage, track, and reconcile expenditures on training, local area marketing, and donations to guarantee compliance with relevant departmental policies and standards.
• Oversee closed branches and ensure process compliance by engaging with various stakeholders (operations, capex, channel infrastructure) to minimize potential fraud and losses.
• Stay updated on legislation and industry changes that affect the role by reading relevant newsletters, websites, and attending sessions.
• Comprehend and embody the Nedbank vision while demonstrating the values in interactions with the team and stakeholders.
• Enhance personal capabilities and keep up with advancements in the field of expertise by identifying training opportunities and career development through feedback from managers.
• Ensure personal growth and effectiveness in fulfilling roles and responsibilities by completing all learning activities, applying gained experience, and obtaining and/or maintaining certifications within designated timeframes.
• Guarantee accurate information is communicated to stakeholders by sharing knowledge within the team.
• Foster a culture conducive to achieving transformation goals by participating in Nedbank Culture building initiatives, such as engaging in staff surveys.
• Engage in and support corporate social responsibility initiatives aimed at achieving key business strategies.
• Identify and propose opportunities to improve processes, systems, and policies, and assist in implementing new processes, policies, and systems.

Job Responsibilities Continue

• Analytical skills
• Communication
• Budgeting and Forecasting
• Business Partnering
• PowerPoint and presentation skills
• Flexibility

Essential Qualifications - NQF Level
Advanced Diplomas/National 1st Degrees

Preferred Qualification
Bachelor of Commerce: Honours - Accounting

Minimum Experience Level
3 - 5 years in financial management, preferably within the financial services sector.

Experience:

• Advanced Excel Skills
• Manco level engagement
• Power BI
• SAP Fieldglass
• SAP
• Hana budgeting tool

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

For inquiries, please reach out to the Nedbank Recruiting Team at +27 860 555 566.