About this role
Financial Officer
To process, analyze, interpret, collate and present financial and non-financial information in order to drive strategy, enable decision making and support Nedbank Business Units, as per the business strategy.
Job Responsibilities
- Ensure general ledger entries are accurately posted, approved, and reconciled through daily monitoring, quality control checks, and investigation of discrepancies.
- Perform daily and monthly quality assurance reviews by verifying data accuracy, authorizations, and general ledger reconciliations.
- Compile monthly management reports and provide financial performance and position information for Exco and Board reporting.
- Process supplier payments accurately, ensuring proper authorization, compliance with payment terms, and adherence to internal controls.
- Prepare annual financial statements in accordance with IFRS requirements.
- Assist with the preparation of budgets and forecasts by gathering business requirements, analysing trends, projecting future performance, and making recommendations.
- Analyse financial data, prepare reports, and provide commentary on results and variances.
- Meet reporting deadlines in line with the monthly strategic calendar.
- Build and maintain effective relationships with internal and external stakeholders through regular communication and engagement.
- Develop trusted professional relationships through knowledge sharing, timely delivery, and high-quality work.
- Ensure compliance with applicable regulations, policies, procedures, and governance requirements.
- Prepare and submit monthly and quarterly regulatory reports, as well as other financial reports as required.
- Support effective knowledge sharing within the team to ensure accurate and timely information is provided to stakeholders.
- Contribute to the achievement of transformation and culture objectives through participation in Nedbank culture-building initiatives.
- Compile and provide audit evidence to support external audit requirements.
- Maintain effective stakeholder communication and provide ad hoc administrative, review, and financial support functions as required.
People Specification
- Candidates from previously disadvantaged groups are encouraged to apply.
Essential Qualifications - NQF Level
- Advanced Diplomas/National 1st Degrees
Preferred Qualification
- BCom Accounting or equivalent
Essential Certifications
Preferred Certifications
- CA registration/completed articles
Minimum Experience Level
- 3–5 years’ experience in Accounting and Financial Management, with 1-2 years’ experience in financial services.
- Experience in the insurance industry will be an added advantage.
- Knowledge of SAP Accounting system will be an advantage
Technical / Professional Knowledge
- Administrative procedures and systems
- Banking procedures
- Business terms and definitions
- Cluster specific operations
- Data analysis
- Governance, Risk and Controls
- Relevant regulatory knowledge
- Relevant software and systems knowledge
- Business writing skills
Behavioural Competencies
- Applied Learning
- Communication
- Collaborating
- Initiating Action
- Work Standards
- Managing Work