Finance Executive: Group Consolidations and Financial Control

2 weeks ago

Randburg, Gauteng, South Africa Nedbank Full time

Finance Executive : Group Consolidations and Financial Control

Location: Johannesburg, ZA

Date: 13 Mar

Reference: Job Family Finance Accounting Manage Function

Job Overview

The Finance Executive of Consolidations and Group Financial Control is responsible for overseeing the financial consolidation process, ensuring the accuracy and integrity of group financial reporting, and maintaining compliance with international accounting standards (IFRS / GAAP).

This role also includes leading the Record to Report (R2R) process, ensuring seamless financial close and reporting.

Additionally, the role involves managing a team of finance professionals, driving process improvements, and enhancing financial governance across the group.

Key Responsibilities
  1. Oversee the end-to-end Record to Report (R2R) process, ensuring efficient, accurate, and timely financial close.
  2. Establish and enforce best practices for journal entries, balance sheet reconciliations, and intercompany eliminations.
  3. Drive automation and process improvements to enhance the speed and accuracy of financial reporting.
  4. Ensure compliance with internal financial control policies.
  5. Collaborate with Group Business Services and Cluster finance teams to optimize the R2R workflow.
  6. Lead the monthly, quarterly, and annual financial consolidation process for the Group.
  7. Ensure timely and accurate group financial results in compliance with IFRS.
  8. Oversee accounting transactions and processes at a Group consolidated level.
  9. Review and analyze consolidated group financial results, identifying key trends, variances, and risks.
  10. Coordinate with Cluster finance teams to resolve consolidation and reporting issues.
  11. Develop and enhance financial reporting processes, ensuring standardization across the group.
  12. Collaborate with the Finance Executive Head: Reporting for reporting to Group Exco, Group Audit Committee.
  13. Support key business objectives and strategies that impact the group structure including those achieved through mergers and acquisitions transactions.
  14. Oversee the consolidation of the Group's management accounting (RaPM).
  15. Oversee the accounting and the utilisation of cash resources of the Group's holding company including providing loans, making dividend payments, acquisitions, restructures, and other financing and investing activities.
  16. Maintain and enhance financial control frameworks to ensure compliance with regulatory and accounting standards.
  17. Oversee the implementation of accounting policies, ensuring consistency across the group.
  18. Oversee the external audit and financial statement preparation process.
  19. Monitor adherence to statutory reporting requirements across jurisdictions.
  20. Monitor internal controls to mitigate risks and enhance financial governance.
Process Improvement & Systems Optimization
  1. Continuously improve financial consolidation, R2R, and reporting processes for efficiency and accuracy.
  2. Drive automation initiatives in financial reporting, consolidation, and R2R systems (e.g., SAP S4, SAP Disclosure Management).
  3. Implement best practices in financial control and governance.
  4. Work with IT and finance transformation teams to enhance ERP and financial systems.
Stakeholder Management
  1. Collaborate with senior leadership, including the Executive: Group Financial Control, CFO, and Finance Form, on financial control matters.
  2. Liaise with Cluster finance teams, treasury, and risk management to ensure a holistic approach to financial reporting.
  3. Provide strategic insights and recommendations based on financial data and analysis.
  4. Work with internal and external auditors to ensure compliance with reporting standards and internal controls.
  5. Lead, mentor, and develop a team of consolidation, financial reporting, and R2R professionals.
  6. Set clear objectives, provide regular performance feedback, and conduct annual appraisals.
  7. Ensure continuous development of the team through training, coaching, and knowledge sharing.
  8. Foster a culture of collaboration, accountability, and continuous improvement.
  9. Allocate responsibilities effectively to maximize efficiency and accuracy in financial reporting.
Qualifications & Experience

Education: Bachelor's degree in Finance, Accounting, Economics, or a related field. MBA in Finance or professional certifications (CA(SA) or CFA) is highly desirable.

Experience: 5–10 years of experience in Consolidations and Financial Control or related financial roles within the financial services sector. Proven experience in overseeing the financial consolidation process. Track record of collaborating with senior leadership in a matrixed environment.

Management Experience: 5-10 years of experience managing others.

Technical / Professional Knowledge
  1. Budgeting
  2. Business administration and management
  3. Business principles
  4. Business terms and definitions
  5. Capacity planning
  6. Change management
  7. Communication Strategies
  8. Diversity management
  9. Employee training / development
  10. Governance, Risk and Controls
  11. Organisational behaviour theory
  12. Principles of project management
  13. Relevant Nedbank product knowledge
  14. Relevant regulatory knowledge
  15. Strategic planning
  16. Talent management
  17. Business writing skills
  18. Management information and reporting principles, tools and mechanisms
  19. Client Service Management
  20. Operational Decision Making
  21. Building Organizational Talent
  22. Driving Execution
  23. Strategic Influence
#J-18808-Ljbffr

  • Financial Control Specialist

    2 weeks ago

    Randburg, Gauteng, South Africa Absa Bank Full time

    Job Summary:">We are seeking a skilled Financial Control Specialist to join our team. The successful candidate will be responsible for ensuring the accuracy and timeliness of financial reporting, while maintaining compliance with accounting and regulatory requirements.The ideal candidate will have experience in group consolidations, financial reporting, and...

  • Group Finance Lead

    1 week ago

    Randburg, Gauteng, South Africa Network Finance Full time

    Group Finance Lead Position at Network FinanceNetwork Finance, a leading global courier company, seeks a highly skilled Group Finance Lead to join their team.About Network FinanceWe are committed to customer service and innovation, striving for excellence in the logistics and courier industry.Key ResponsibilitiesFinancial Leadership: Provide financial...

  • Group Reporting And Consolidations Manager

    2 weeks ago

    Randburg, Gauteng, South Africa Robert Walters Full time

    Group Reporting and Consolidations ManagerAs a Group Reporting and Consolidations Manager, you will play a pivotal role in managing group reporting and consolidations across various business units.You will work closely with other finance teams to ensure consistency in reporting, while also developing strategies to improve efficiency in the consolidation...

  • Group Financial Manager

    2 weeks ago

    Randburg, Gauteng, South Africa Network Recruitment - Finance Corporate Full time

    Reference: NPr000750-EHo-1JSE-listed alternative power solutions conglomerate seeks to employ the services of an experienced Group Financial Manager to join their dynamic head office team based in Sandton, Johannesburg North.Please note: This is a FTC maternity cover for 6 months.Duties & ResponsibilitiesJob & Company Description:The purpose of this role...

  • Corporate Finance Executive

    5 days ago

    Randburg, Gauteng, South Africa Network Finance Full time

    Network Finance - A Global Healthcare LeaderWe are a respected name in the global healthcare sector, known for our commitment to quality and people-centric approach. Our mission is to create value by empowering our clients and colleagues alike.Job Description:The successful candidate will be responsible for managing financial aspects, including budgeting,...

  • Consolidation and Accounting Process Manager

    1 week ago

    Randburg, Gauteng, South Africa Absa Group Full time

    We are seeking a highly skilled Consolidation and Accounting Process Manager to join our team at Absa Group. The successful candidate will be responsible for managing the completion process of financial information, including journals, month-end close, reconciliation, and consolidation.About the RoleKey Accountabilities:Manage financial information...

  • Financial Accounting and Reporting Executive

    2 days ago

    Randburg, Gauteng, South Africa Network Finance Full time

    Role SummaryAs a Financial Accounting and Reporting Executive, you will play a critical role in supporting our finance team with financial reporting, financial analysis, and corporate finance.Duties and ResponsibilitiesPrepare financial statementsFinancial reporting and analysisCorporate financeConsolidationIFRSFinancial planningAudit supportTo succeed in...

  • Group Finance Manager

    1 week ago

    Randburg, Gauteng, South Africa Clarkhouse Human Capital Full time

    Are you an experienced finance professional ready to take on a short-term challenge?We're seeking a Group Finance Manager for a 6-week contract to provide support around financial leadership and ensure compliance across all entities of a Sandton-based actuarial consulting firmResponsibilities:Consolidation of financial entitiesFinancial analysis &...

  • Financial Controller

    6 days ago

    Randburg, Gauteng, South Africa Bandwidth And Cloud Services Group (Bcs) Full time

    Financial Controller – Southern Africa (Zimbabwe, Zambia, Angola, South Africa)Location: Johannesburg, South AfricaReports To: Group Chief Finance OfficerStaff Responsibility: Finance & Accounts TeamAre you a seasoned finance professional looking for a leadership role in Southern Africa?We are hiring a Financial Controller to oversee financial management,...

  • Senior Finance Manager

    2 weeks ago

    Randburg, Gauteng, South Africa Absa Group Limited Full time

    Job title: Senior Finance Manager: Payments and SettlementsJob Location: Gauteng, JohannesburgDeadline: April 07, 2025Job SummaryTo develop tactical strategy and delivery plans, formulate associated practice and to ensure operational implementation and adoption across a single practice in terms of Finance methodology, governance and delivery objectives.Job...

  • Group Financial Manager Johannesburg North

    2 weeks ago

    Randburg, Gauteng, South Africa Network Recruitment - Finance Corporate Full time

    Reference: NPr000750-EHo-1JSE-listed alternative power solutions conglomerate seeks to employ the services of an experienced Group Financial Manager to join their dynamic head office team based in Sandton, Johannesburg North.Please note: This is a FTC maternity cover for 6 months.Duties & ResponsibilitiesJob & Company Description:The purpose of this role...

  • Finance Director

    3 days ago

    Randburg, Gauteng, South Africa SET Consulting Full time

    Job DescriptionAbout SET ConsultingNiche Bank is a renowned institution seeking a results-oriented and strategic leader to manage finance, accounting, reporting, forecasting, and budgeting aspects for Asset Finance (Capital Equipment Finance - CEF). This pivotal role involves overseeing regulatory and tax functions while providing sound input into the...

  • Group IFRS Finance Lead

    3 days ago

    Randburg, Gauteng, South Africa Network Finance Full time

    We are seeking a highly skilled Senior Technical Accountant to join our team at Network Finance. As a Senior Technical Accountant, you will play a critical role in driving the implementation of technical standards (IFRS17) across our group companies.About the RoleThis is an exciting opportunity for a qualified accountant to lead the finance IFRS17 workstream...

  • Business Finance Manager Johannesburg North

    2 days ago

    Randburg, Gauteng, South Africa Network Finance Full time

    **Company Overview**Network Finance is a leading financial services company seeking a highly skilled Financial Manager to join our team in Johannesburg North. Our company offers a dynamic work environment, competitive salary, and opportunities for growth and development. **Job Description**Lead and supervise the Support Services team, overseeing all its...

  • Group Accounting Director

    2 days ago

    Randburg, Gauteng, South Africa Network Recruitment - Finance Corporate Full time

    Key ResponsibilitiesThis role involves taking responsibility for planning, implementing, managing, and running finance activities for the group, including business planning, budgeting, forecasting, and negotiations.Responsibilities Include:Developing and implementing financial strategies to drive business growth and profitability.Providing full spectrum of...

  • Finance Executive

    13 hours ago

    Randburg, Gauteng, South Africa Absa Group Full time

    Empowering Africa's tomorrow, together…one story at a time.A career with Absa Group offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group. Role OverviewThis role is responsible for executing performance and analytical processes that enables management of the Channel...

  • Junior Consolidation Reporting Business Partner

    3 weeks ago

    Randburg, Gauteng, South Africa Old Mutual Full time

    Let's Write Africa's Story TogetherOld Mutual is a firm believer in the African opportunity and our diverse talent reflects this.Job DescriptionRole overviewThe Jhb/CPT based role for a Financial Accountant within the IFRS Financial Reporting team responsible for business partnering in the OMLAC (SA) Group and will report to the Head of Consolidation. The...

  • Junior Consolidation Reporting Business Partner

    4 days ago

    Randburg, Gauteng, South Africa Old Mutual Full time

    Let's Write Africa's Story Together Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job Description Role overview The Jhb/CPT based role for a Financial Accountant within the IFRS Financial Reporting team responsible for business partnering in the OMLAC (SA) Group and will report to the Head of...

  • Group Financial Accountant

    3 weeks ago

    Randburg, Gauteng, South Africa Network Finance Full time

    Duties & ResponsibilitiesCompany and Job Description:A market leading company in the consumer goods industry is looking for a Financial Accountant CA(SA) to join their dynamic finance team. This position requires an individual who is driven, education focused and willing to grow their career within the company. This company operates across the African...

  • Group Financial Accountant

    3 days ago

    Randburg, Gauteng, South Africa Network Finance Full time

    Duties & Responsibilities Company and Job Description: A market leading company in the consumer goods industry is looking for a Financial Accountant CA(SA) to join their dynamic finance team. This position requires an individual who is driven, education focused and willing to grow their career within the company. This company operates across the African...