Head of Accounting and Reporting
4 days ago
This Finance Manager role is an exciting opportunity to drive the financial performance of the Nedgroup private wealth Investment Business unit (BU) at Nedbank. As a key member of our team, you will be responsible for ensuring accurate financial reporting, maintaining strong relationships with stakeholders, and having a deep understanding of financial management, accounting principles, and regulatory compliance.
Main Responsibilities:- Financial Performance Management:
- Manage the headline earnings, non-interest revenue, and cost to income ratio.
- Regular engagement on headline earnings (HE), cost containment with business to gain insights to impact numbers towards targets.
- Provide meaningful commentary explaining monthly performance and variances to budget and prior year.
- Accounting Functions:
- Maintain accurate and complete financial records by correctly accounting for transactions in line with IFRS, SARS, and compliance rules.
- Ensure timely and accurate preparation of annual financial statements (AFS).
- Reporting and Analysis:
- Report BU financial information throughout all reporting periods, including monthly, interim, and year-end.
- Ensure all journals are captured before ledger close-off and numbers are ready for flash reporting.
- Prepare manco slides monthly with sufficient commentary to add value to the business.
- Develop a robust three-year plan, Q0, and forecasting that aligns with expectations.
- Financial Business Partnering:
- Monthly engagement with key stakeholders (Regional heads, head of product, investment specialists, etc.) on performance.
- Monitor key KPIs for each stakeholder and report to the business.
- Maintain segmental reporting and hold stakeholders accountable for performance.
- Review BU balance sheets to ensure accuracy and clear reconciling items.
- Maintain current balances to minimize financial errors.
- Ensure commercial needs are IFRS compliant at all times.
- Improve the control environment through review processes.
- Provide ongoing support to the Senior Finance Manager, ensuring that Finance is the trusted financial partner.
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