Finance Specialist: Financial Reporting

Description:

Requisition Details

Location: Sandton

Cluster: Group Finance

Closing date: 27 April 2025

Job Family

Career Stream

Leadership Pipeline

Job Purpose

To provide specialist advice and guidance on financial performance and accounting practises required to ensure the clusters' compliance and adherence to financial reporting and meeting set financial targets.

Job Responsibilities

• Manage the preparation and the external audit of high-quality annual financial statements for Nedbank Group and Nedbank Limited. This includes the preparation of high-quality interim financial statements for Nedbank Group Limited.
• Deliver regular financial reports (e.g. monthly Opcom Lite financial templates) to functional teams by adhering to the set financial timetable.
• Drive the adoption of automated technology solutions for financial reporting, including SAP BPC and Disclosure Management.
• Share knowledge and industry trends related to financial reporting with functional teams and relevant stakeholders during formal and informal interaction.
• Obtain buy-in for developing new, enhanced or automated processes (e.g. financial reporting processes) that will improve the functioning of business units businesses by highlighting benefits in support of the implementation of recommendations.
• Provide a financial decision support to business leaders through regular engagements with relevant line management and teams
• Daily cooperation with cluster line management and business teams on different levels of the organizational structure through consultations and resolution of financial queries
• Provide meaningful recommendations, explanations and highlight areas of concerns or anomalies by analysing and interrogating financial information.
• Understand and meet stakeholders requirements through ongoing engagement.
• Acting as a subject matter expert by actively participating in the design, preparation and supervision of the financial performance of the relevant business units.
• Assist in the achievement of group collaboration initiatives by identifying opportunities to create beneficial partnerships and synergies.
• Cooperate with internal and external auditors by supplying the required financial information timeously.
• Advise and assist business units to comply with set Financial targets and relevant regulatory financial frameworks.
• Evaluates financial statements and set appropriate guidelines and procedures to ensures regulatory compliance.
• Meet deadlines and targets through prioritising effectively, planning and communicating.
• Maintain high standards of analysis and reporting within defined timeframes by planning, organising and monitoring workflow.
• Achieve business objectives within a specific timeframes by scheduling and coordinating activities and identifying appropriate resources to perform these activities.
• Manage defined risks in the finance function and risk categories at targeted levels by adhering to guidelines, policies, procedures and governance requirements.
• Identify training courses and career progression for self through input and feedback from management.
• Ensure all personal development plan activities are completed within specified timeframe.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc.).
• Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g. Green Strategy).

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• BCom Degree (Accounting)
• CA (SA)

Minimum Experience Level

• 5 years in financial management preferably in the financial services industry.

Technical / Professional Knowledge

• Administrative procedures and systems
• Banking knowledge
• Banking procedures
• Business principles
• Data analysis
• Governance, Risk and Controls
• Microsoft Office
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Business writing skills
• Microsoft Excel
• Microsoft Powerpoint
• Nedbank culture
• Cluster Specific Operational Knowledge
• Relevant Nedbank Human Resources policies and practices
• Relevant Nedbank policies and procedures

Behavioural Competencies

• Planning and Organizing
• Quality Orientation
• Decision Making
• Communication
• Building Partnerships
• Earning Trust

Requirements:

• Manage the preparation and the external audit of high-quality annual financial statements for Nedbank Group and Nedbank Limited. This includes the preparation of high-quality interim financial statements for Nedbank Group Limited.
• Deliver regular financial reports (e.g. monthly Opcom Lite financial templates) to functional teams by adhering to the set financial timetable.
• Drive the adoption of automated technology solutions for financial reporting, including SAP BPC and Disclosure Management.
• Share knowledge and industry trends related to financial reporting with functional teams and relevant stakeholders during formal and informal interaction.
• Obtain buy-in for developing new, enhanced or automated processes (e.g. financial reporting processes) that will improve the functioning of business units businesses by highlighting benefits in support of the implementation of recommendations.
• Provide a financial decision support to business leaders through regular engagements with relevant line management and teams
• Daily cooperation with cluster line management and business teams on different levels of the organizational structure through consultations and resolution of financial queries
• Provide meaningful recommendations, explanations and highlight areas of concerns or anomalies by analysing and interrogating financial information.
• Understand and meet stakeholders requirements through ongoing engagement.
• Acting as a subject matter expert by actively participating in the design, preparation and supervision of the financial performance of the relevant business units.
• Assist in the achievement of group collaboration initiatives by identifying opportunities to create beneficial partnerships and synergies.
• Cooperate with internal and external auditors by supplying the required financial information timeously.
• Advise and assist business units to comply with set Financial targets and relevant regulatory financial frameworks.
• Evaluates financial statements and set appropriate guidelines and procedures to ensures regulatory compliance.
• Meet deadlines and targets through prioritising effectively, planning and communicating.
• Maintain high standards of analysis and reporting within defined timeframes by planning, organising and monitoring workflow.
• Achieve business objectives within a specific timeframes by scheduling and coordinating activities and identifying appropriate resources to perform these activities.
• Manage defined risks in the finance function and risk categories at targeted levels by adhering to guidelines, policies, procedures and governance requirements.
• Identify training courses and career progression for self through input and feedback from management.
• Ensure all personal development plan activities are completed within specified timeframe.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc.).
• Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g. Green Strategy).

• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees

• BCom Degree (Accounting)
• CA (SA)

• 5 years in financial management preferably in the financial services industry.

• Administrative procedures and systems
• Banking knowledge
• Banking procedures
• Business principles
• Data analysis
• Governance, Risk and Controls
• Microsoft Office
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Business writing skills
• Microsoft Excel
• Microsoft Powerpoint
• Nedbank culture
• Cluster Specific Operational Knowledge
• Relevant Nedbank Human Resources policies and practices
• Relevant Nedbank policies and procedures

• Planning and Organizing
• Quality Orientation
• Decision Making
• Communication
• Building Partnerships
• Earning Trust