Head of Finance: Costing
2 months ago
**Requisition Details & Talent Acquisition Contact**
- REQ 134754- Tshego Semenya- Location: Sandton- Closing date: 28 November 2024**Cluster**
- RBB**Career Stream**
- Accounting
**Leadership Pipeline**
- Manage Managers
**Join Nedbank as the Head of Finance: Costing**Position**
- Head of Finance: Costing**Job Purpose**
- To direct; add value and enable business decisions through effective consolidated financial analysis, reporting and controls related to expenses across a range of business functions, products and segments; in line with Nedbank business strategy.**Responsibilities**:
- Solve for complex business questions & needs ito understanding the Unit Cost to Serve and / or Sell across multiple products and channels by providing value-add and insightful analysis and reports.
- Support and assist the Finance Executive - Cost Management RBB in solving urgent ad-hoc expense related queries from RBB Businesses, RBB Finance Centre or Group Finance.
- Provide meaningful recommendations, explanations and highlight areas of concern by analysing and interrogating financial information related to Expenses (OPEX and AJTP within BPC & PaPM).
- Ensure costing model outcomes are correctly and appropriately allocated to Products and Segments via the 4-Cubed reporting process by reviewing all cost model changes and updates into 4-Cubed.
- Ensure accurate costing methodologies and principles are continuously applied in all cost models by reviewing key assumptions and inputs relating to Cost Pools, Activity drivers, Volumes and TP Service results.
- Ensure consistency of key costing principles and methodologies are applied across all costing models.
- Identify cost model refinements and updates through ongoing engagement with business stakeholders to ensure that all cost models outputs are valid, sensible, reliable and accurate.
- Obtain buy-in for developing new and/or enhanced costing processes and models that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.
- Ensure that accurate and timeous actuals & budgets are submitted and reviewed by ensuring it results from accurate, sensible and reliable Cost Models that overall aligns with key stakeholder inputs, economic inputs and strategic initiatives.
- Participate and assist in the achievement of group collaboration initiatives by identifying opportunities to create beneficial partnerships and synergies.
- Minimum Experience Level- 8 to 10 years in financial management preferably in the financial services industry with key financial costing experience and knowledge
**Essential Qualifications - NQF Level**
- Professional Qualifications/Honour’s Degree
- Preferred Qualification- Chartered Accountants
- Essential Certifications**Technical / Professional Knowledge**
- Business administration and management
- Client service management
- Financial Accounting Principles
- Governance, Risk and Controls
- Principles of project management
- Relevant regulatory knowledge
- Stakeholder management
- Strategic planning
- Talent management
**Disclaimer**
**_Please contact the Nedbank Recruiting Team at +27 860 555 566_**
- **_Please contact the Nedbank Recruiting Team at +27 860 555 566_
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