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Finance Executive

3 months ago

Johannesburg, South Africa Nedbank Full time

**Job Classification**
- **REQ: 129809 - 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 three-year plans which are aligned to strategy; and evaluating and recommending changes to the three-year 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 buy-in 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
- 4 - 5 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