SFO: NIC Expense Management at Nedbank

Job Purpose

• To generate; analyse and report reliable; meaningful financial and non-financial information to support the requirements and decision making of the business; in line with Nedbank's strategy.

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 ad hoc 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 ad hoc 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.

Minimum Experience Level

• 3 - 5 years in financial management preferably in the financial services industry.