Finance Specialist: Group Consolidation and Control

2 weeks ago

Johannesburg, South Africa Nedbank Full time

**Requisition Info & Talent Acquisition Contact**
- REQ: 138140 - Michelle Thabethe
- Location: Sandton
- Closing date: 21 February 2025
- Job Family
- Finance
- Career Stream
- Accounting
- Leadership Pipeline
- Manage Self: Professional

**Purpose of this role**
- This role is to perform the consolidation elimination process, to understand the nature of the Group consolidation and to ensure that in terms of IFRS, the consolidated financial statements are not misstated for intergroup and intercompany transactions. This includes accounting for mergers and acquisitions transactions, liquidations, eliminations for dividends, accounting for non-controlling interests, foreign currency translations, and long term employee benefits on a monthly basis. In addition, this role includes the preparation of financial statement notes and the analysis thereof.

**Key Deliverables**
- Accurately perform the monthly consolidation/eliminations process and understand the process end to end and the impact on the results release/reporting process.
- Fully understand and document the reason for all legacy entries
- Automate the intercompany eliminations.
- Assist with the month end close process and resolve matters as and when they arise.
- Reconcile dividends on a monthly basis.
- Implement controls in the consolidation/eliminations/reconciliation process to ensure accuracy and completeness of financial reporting - NCI, Foreign currency, dividends, etc.
- Understand and manage masterdata (entities, roll ups, accounts and hierarchies) specific to the eliminations.
- Understand and support key processes including (RAPM/Intercompany/Group/Eliminations/Consolidations)
- Engagement with external auditors to ensure completeness of the year-end and interim results process.
- Assist to move reporting timeline earlier by automation of elimination processes.
- Perform consolidation variance analysis, reports and other analysis - particularly where eliminations are done (centre). Annalise and explain movements in an efficient manner.
- Assist with new technical matters and the accounting thereof from a Consolidation perspective.
- Prepare financial statement notes during reporting periods for annual financial statements.
- Manage consolidation process (when required)
- Resolve month end problems prior to the commencement of the new month.
- Get involved in GFC/Group wide project initiatives - GL clean up, etc.
- Know and understand BPC functionality to assist wider team.
- Assist with the migration for BPC to S4Hana as the bank transitions to the new reporting platform.
- Ad-hoc.
- Assist the Executive head in driving a strong values-based culture, while maintaining the cluster as a ‘great place to work’ and a highly desired destination for others across the bank.
- Play an integral role as part of the Group Financial Control team by setting and encouraging high standards of delivery and performance, integration, collaboration and teamwork, and achieving desired culture standards aligned to Nedbank’s vision and values.
- Formal Qualifications
- CA (SA) - essential

**Experience**
- Big 4 articles is preferred
- Banking sector experience preferred
- 2-3 years post articles experience
- SAP BPC experience (preferred)
- Experience in financial statement preparation (preferred)

**Technical Competencies**
- IFRS
- Consolidations
- Analytical skills
- Presenting to management
- Principles of project management
- Accounting Processes
- Advanced MS Office
- Behavioural Competencies
- Lead through vision and values
- Persuading and Influencing
- Problem solving
- Decision Making
- Analytical Thinking
- Planning and Organising
- Compelling Communication
- Building partnerships
- Customer focus
- Initiating Action
- Ability to work under pressure
- Ability to prioritize
- Ability to work with all levels
- Willingness to work extended hours during peak periods
- Ability to think differently and assist with automation initiatives
- **_Please contact the Nedbank Recruiting Team at +27 860 555 566_

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