Job Purpose

Job Responsibilities

• Provide meaningful recommendations, explanations and highlights of concerns or anomalies by analysing and interrogating financial information.
• Ensure accurate and timeous budgets are submitted and reviewed by ensuring that they align with key economic indicators and group strategic initiatives.
• Ensure accurate financial results by reviewing reconciliations and following up on unreconciled items.
• Compile Financial statements by complying with IFRS and relevant regulatory frameworks.
• Comply with relevant legislation by reviewing and submitting statutory returns timeously.
• Consolidate financial reports and make value added recommendations by using information from various sources.
• Understand and meet stakeholders requirements through ongoing engagement.
• Assist in the achievement of group collaboration initiatives by identifying opportunities to create beneficial partnerships and synergies.
• Ensure relevant, best practice analysis and reporting by providing ongoing guidance and coaching to the team.
• 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.
• Contribute to intellectual capital development by providing continuous motivation, mentoring, coaching and on the job skills training.
• 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 internal and external guidelines/policies/ procedures/business rules/ compliance and governance requirements.
• Support the achievement of the  business strategy, objectives and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems, process, services and solutions are aligned.
• 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.
• Share knowledge and industry trends with team and stakeholders during formal and informal interaction.
• Obtain buy-in for developing new and/or enhanced processes (e.g. operational processes) that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.
• 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).
• Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.

Job Responsibilities Continue

Rewards:

• Financial Strategy and Forecasting: Lead the development and execution of financial strategies for the rewards program, including budgeting, forecasting, and scenario analysis to ensure alignment with business goals and profitability targets.
• Rewards Liability Management: Oversee the accurate accounting and reporting of rewards liabilities, including breakage assumptions, provisions, and financial entries.
• Performance Analysis and Reporting: Analyse the financial performance of the rewards program, providing insights and recommendations on cost efficiency, redemption trends, and revenue optimization to senior leadership.

Value-Added Services( VAS):

• Financial Oversight of VAS: Manage the financial planning, performance analysis, and reporting for all Value-Added Services (VAS), ensuring revenue growth and profitability from services like electricity, airtime, and other offerings.
• Partnership Management: Collaborate with internal teams to structure financially viable VAS partnerships, including negotiating terms, revenue-sharing models, and analysing financial impact on the overall business.
• Cost Optimization and Pricing Strategy: Develop and implement pricing strategies for VAS products, ensuring competitive pricing that drives customer engagement while optimizing margins and maintaining financial sustainability.

Non Interest Revenue (NIR) Reporting:

• Business Intelligence: Work very closely with business intelligence team to produce volume and unit level NIR insights.
• Business rules: Devising business rules and application on datasets (through business intelligence) to produce aforementioned unit level insight.
• Reconciliations: Reconciliation of data insights to the general ledger to validate integrity.
• Thought leadership: Business partnering to drive revenue generation, address revenue leakage and provide analytical insights.