Senior Financial Officer

2 weeks ago


Durban, KwaZulu-Natal, South Africa Nedbank Full time

Job Classification

  • Job Family
  • Finance


Career Stream
  • Accounting


Leadership Pipeline
  • Manage Self: Professional
  • FAIS Affected
    Job Purpose
  • To generate; analyse and report reliable; meaningful financial and nonfinancial information to support the requirements and decision making of the business; in line with Nedbank's strategy

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 rollout 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, nonfinancial 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.

Job Responsibilities Continue

People Specification

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


Preferred Qualification
  • Bachelor of Commerce: Honours
  • Accounting
  • Essential Certifications
  • Preferred Certifications
  • Minimum Experience Level 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
- **_Please contact the Nedbank Recruiting Team at _
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