Head of Accounting and Reporting

4 days ago


Johannesburg, Gauteng, South Africa Nedbank Full time
About this Job

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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