Role overview
We are seeking a Senior Financial Officer to generate, analyse and report reliable financial and non-financial information that supports business decisions and financial performance. The role combines management reporting, financial planning, cost control and stakeholder support, with a focus on regional and branch operations aligned to the bank's strategy.
Key responsibilities
- Prepare monthly flash forecasts by analysing trends and cost drivers. Compare actual and forecast performance against budgets and prior periods, explaining variances and growth.
- Produce monthly financial, non-financial and ad hoc reports. Consolidate information from multiple sources and provide clear commentary and practical interpretation for stakeholders.
- Coordinate annual budgets, three-year plans and quarterly forecasts, taking account of business initiatives, trends, distribution requirements and cost drivers.
- Forecast annual staff costs and headcount using staff run-rate reporting. Monitor and report actual expenditure against budgets for the branch footprint roll-out.
- Provide profitability insights and financial guidance to stakeholders. Support regional business planning and align regional priorities with the Bank’s strategy.
- Prepare and present the monthly Operations Committee pack and reporting for Regional Management Committee and Executive Committee quarterly business reviews.
- Maintain accurate reporting structures as the business changes, and meet reporting deadlines for the finance team and other stakeholders.
- Support adherence to policies and procedures within Branch Administration Centres. Track and reconcile training, local area marketing and donation expenditure against applicable policies and standards.
- Coordinate with operations, capital expenditure and channel infrastructure stakeholders on closed branches, ensuring adherence to processes that reduce fraud and loss risks.
- Train and support line managers and other stakeholders in financial management. Identify improvements to financial processes, systems and policies and support implementation.
Minimum requirements
- An advanced diploma or first degree.
- 3–5 years’ experience in financial management.
- Bachelor of Commerce Honours in Accounting.
- Financial management experience in the financial services industry.
- Budgeting, forecasting, financial planning, variance analysis and management reporting.
- Financial and non-financial data analysis, cost-driver analysis, profitability interpretation and staff cost forecasting.
- Microsoft Excel, Microsoft PowerPoint and relevant financial software and systems.
- Banking procedures, administrative systems and business-unit operations.
- Governance, risk and controls, relevant regulation, and adherence to policies and procedures.
- Clear business writing, financial commentary and presentation of information to senior stakeholders.
- Communicates clearly and builds trusted relationships with internal customers.
- Uses sound judgement and takes initiative to resolve issues and improve processes.
- Organises work effectively, meets deadlines and maintains high standards of accuracy and quality.
- Shares knowledge, develops personal capability and keeps up to date with industry and legislative changes.
- Supports Nedbank’s values, transformation goals and corporate social responsibility initiatives.
Desired Skills:
- Senior Financial Officer
- Financial Officer
- Management Accountant
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