Finance Executive

2 weeks ago

Johannesburg, Gauteng, South Africa Nedbank Full time

Job Classification
-


REQ:

Refilwe Falatsi:
-


Closing Date: 20 March 2024:


  • Cluster: Wealth Centre | Finance:
-


Employment Equity Statement:
Preference will be given to individuals from underrepresented groups.

  • Job Family
  • Finance


 Career Stream
  • Accounting


 Leadership Pipeline
  • Manage Function

Job Purpose

  • To create and ensure sustainability of Clusters financial function through the execution of strategic and operational financial management processes and activities in order to achieve Nedbanks strategic objectives.

Responsibilities:

  • Manage financial function by establishing and operating a system of internal financial controls.
  • Analyse financial impact of strategic objectives on a continuous basis by evaluating financial activities including ,but not limited to, evaluating status quo to desired outcome, outsourcing, contracts, tax structuring initiatives and business cases.
  • Keep abreast of competitors and industry practices by conducting research and benchmarking best practices, legislation and industry standards.
  • Demonstrate understanding of key financial and business drivers per cluster by building operating processes and financial models to be used for scenario planning and opportunity evaluation.
  • Provide guidance to business by compiling threeyear plans which are aligned to strategy; and evaluating and recommending changes to the threeyear plans.
  • Provide financial and management reports to relevant stakeholders by adhering to quality standards regarding information and schedules.
  • Enable decision making by providing management information according to standards, policies and procedures.
  • Build and maintain relationships with clients through regular engagement and giving/receiving feedback.
  • Build relationships and influence stakeholders by providing support and technical expertise
  • Build and maintain relationships with internal stakeholders through inter
- and intra-cluster collaboration.

  • Build and maintain relationships with external stakeholders through formal and informal knowledge sharing and feedback.
  • Ensure alignment and achievement of strategy and create a completive advantage by translating the Nedbank and Business Unit strategy into a customised Divisional strategy.
  • Develop and introduce a people strategy that will create a culture that drives the Cluster and Nedbank's vision and values.
  • Build a high performance team through managing resources, retention and critical staff.
  • Ensure that the leadership agenda has been embraced by the division / function by ensuring leadership relevant strategies and plans have been communicated and implemented by direct reports.
  • Manage performance of reports and hold them accountable for managing the performance of their reports by taking corrective action as required, recognising and rewarding team.
  • Actively build a culture of improvement by ensuring the design and implementing active talent management, succession planning strategies for division and obtaining buyin from relevant stakeholders.
  • Contribute to team effectiveness by participating in the recruitment and selection of senior staff.
  • Optimise performance and motivation by holding managers accountable for developing their staff and themselves.
  • Empower team to make decisions and recommend tailored solutions to business unit specific problems, through coaching and mentoring practices.
  • Ensure the achievement of targets by monitoring implemented Divisional EE and Transformation Plan through consultation with HR.
  • Analyse deviations from Divisional EE and Transformation Plan and ensure recommended corrective action is appropriate and implemented.
  • Support Nedbank Deep Green strategy by driving corporate citizenship and building a deep green culture through engaging division in corporate initiatives.
  • Develop and implement a strategy to build a differentiated culture by analysing relevant surveys and information.
  • Measure the effectiveness of differentiated culture plan through staff and client feedback and ensure corrective action plans are developed and implemented.
  • Develop and implement a strategy to build a differentiated culture of improvement and innovation by analysing relevant surveys and information.

People Specification

  • Essential Qualification
  • CA (SA)
  • Professional Qualifications/Honours Degree


 Essential Certifications
  • Registered at South African Institute of Chartered Accountants


 Preferred Certifications
  • Minimum Experience Level
  • Up to 8 years financial management in financial services sector
years managing others

  • Experience in managing full finance function for a business unit also required.

Technical / Professional Knowledge

  • Budgeting
  • Business administration and management
  • Business principles
  • Business terms and definitions
  • Capacity planning
  • Change management
  • Communication Strategies
  • Diversity management
  • Employee training/development
  • Financial Accounting

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