Senior Financial Officer

Job Purpose

To provide financial management, reporting, budgeting, forecasting, and financial control support to the business, ensuring compliance with accounting standards, company policies, and regulatory requirements.

Job Responsibilities

• Forecast and predict monthly flash report towards end of every month by analysing trends and cost drivers.
• Generate and compare flash results performance to various budget figures and measure growth against previous periods by performing a variance analysis.
• Provide formal commentary and interpretation on financial information to stakeholders through variance analysis.
• Prepare adhoc reports by gathering information from various sources and analyse and interpret the data.
• Align reporting information to business changes by verifying and updating structural changes.
• Forecast annual staff costs and head count management through staff run rate report.
• Manage the cost of footprint roll-out by monitoring and reporting actual spend against budget.
• Conduct (plan, implement, monitor and adjust)financial planning process which includes annual budget, 3 year plans and quarterly forecasts by looking at trends, initiatives, distribution and cost drivers.
• Prepare financial, non-financial and adhoc reports to various stakeholders on monthly basis by gathering information from various sources and analyse and interpret the data.
• Train and upskill new and existing stakeholders on financial management through one on one meetings and training sessions.
• Provide advice to stakeholders on profitability by extracting information from various sources, interpreting and track on monthly basis.
• Align the Region's strategy to the  Bank's strategy through business planning and stakeholder engagement.
• Prepare and present the monthly Opcom pack to the Regional Manco and Exco Team for Quarterly Business Reviews.
• Train and upskill new and existing line managers on financial management through one on one meetings and training sessions.
• Ensure that reporting deadlines are met to the finance team and stakeholders by adhering to set deadlines.
• Branch Administration Centres to ensure adherence to policy and procedures.
• Manage, track and reconcile spend on training, local area marketing and donations to ensure compliance with relevant  department's policies and/or standards.
• Manage closed branches and adherence to process by engaging with various stakeholders (operations, capex, channel infrastructure) to minimise risk of possible fraud and losses.
• Keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters, websites and attending sessions.
• Understand and embrace the Nedbank vision and demonstrate the values through interaction with team and stakeholders.
• Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers.
• Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed, experience practiced and certifications obtained and/or maintained within specified time frames.
• Ensure information is provided correctly to stakeholders by maintaining knowledge sharing knowledge with team.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives  by engaging in staff surveys etc.
• Participate and support corporate social responsibility initiatives for the achievement of key business strategies.
• Identify and recommend opportunities to enhance processes, systems and policies and support implementation of new processes, policies and systems.

Job Responsibilities Continue

• Prepare monthly, quarterly, and annual financial reports.
• Perform daily and monthly quality-control checks
• Manage budgeting and forecasting processes.
• Develop forward-looking projections and recommendations
• Monitor financial performance and investigate variances.
• Ensure accurate general ledger reconciliations.
• Support month-end and year-end close activities.
• Perform financial analysis and provide insights to management.
• Support business strategy through financial analysis and reporting.
• Ensure compliance with accounting standards, regulations, and internal controls.
• Manage cost centre reporting and expense monitoring.
• Support internal and external audit requirements.
• Identify and implement process improvements within finance operations.

People Specification

• Timely submission of financial reports
• Forecast accuracy
• Budget adherence
• Reconciliation completion rates
• Audit findings and remediation
• Cost management and efficiency improvements

Essential Qualifications - NQF Level

Preferred Qualification

• Bachelor of Commerce: Honours - Accounting

Minimum Experience Level

• Bachelor’s degree in Accounting, Finance.
• Minimum 5 years of relevant finance experience.
• Experience in financial reporting, budgeting, forecasting, and controls.
• Advanced Excel and financial systems knowledge (SAP).

Technical / Professional Knowledge