Head of Finance

Nedbank Private Wealth; Johannesburg; On-site; ZAR 800,000 - 1,200,000; Full time

Job summary

A leading banking institution is seeking a Director to oversee the financial management of specific product lines. You will lead a high-performing team to ensure accurate financial reporting, compliance with regulations, and drive cost-saving initiatives. Candidates should have at least 7 years in financial management and 5 years of leadership experience. Collaboration with stakeholders to optimize performance is crucial.

Qualifications

• 7 years financial management in financial services sector.
• 5 years managing others.
• Robust understanding of revenue, expense, and capital drivers.

Responsibilities

• Lead a team responsible for the management and analysis of financial activities.
• Ensure accuracy and completeness of financials for product lines.
• Manage daily activities to ensure accuracy of financial results.

Skills

Building Partnerships

Communication

Building talent

Guiding Team Success

Continuous Improvement

Driving for Results

Education

Advanced Diplomas / National 1st Degrees

Chartered Accountant

Job description

Job Purpose

To lead a team responsible for the management and analysis of all financial activities; make recommendations in line with Nedbank CIB strategy to enable the business to make informed financial decisions

Job Responsibilities

• End to end financial responsibility of a specific product line in Transactional Services
• The HOF will be responsible to manage the validity accuracy and completeness of the financials for the product.
• Tracking p and l of the product daily and reporting to the daily p and l CIB tracker
• Manage the processing and reporting of month end quarter end half year and year end to stakeholders in business the CFO TS and group finance.
• Review and analyse ratios relevant to profitability and return for the product.
• Provide insight on key drivers of profitability and returns.
• Robust understanding of the revenue drivers for the product and monthly review and reporting on validity accuracy and completement of the expenses
• Robust understanding of the expense drivers for the product and monthly review and reporting on validity accuracy and completement of the expenses
• Robust understanding of the capital drivers for the product and monthly review and reporting on validity accuracy and completement of the expenses
• Ongoing collaboration with business on cost saving initiatives set up and agree measurement targets for cost savings. Track and report on a monthly basis.
• Ensure that all products are reporting in line with International Financial reporting standards.
• Manage daily activities to ensure accuracy and completeness of financials.
• Conduct business-related activities prior to month-end to ensure the correctness of financial results.
• Track ongoing financial performance by analysing month-end results and reporting to business and the Group.
• Enable financial performance against targets by identifying deviations and recommending corrective action or providing justification.
• Ensure business continuity by having processes and systems in place to support all activities.
• Meet internal customer requirements to ensure adherence to service level agreements.
• Build and maintain relationships with internal and external stakeholders through regular engagement.
• Participate in internal and external forums and committees to share and acquire understanding of factors influencing the business and the Group.
• Engage and co-ordinate with the business to translate business strategy into approved financial plans and targets in line with Group and regulatory requirements.
• Ensure compliance by managing adherence to Group Risk and Compliance policies and regulatory requirements.
• Mitigate financial risk by staying abreast of and aligning to changes in accounting standards policies and regulatory requirements.
• Plan co-ordinate and manage team to achieve deliverables.
• Enhance productivity by identifying implementing and supporting process improvements.
• Meet business objectives by making timeous and informed decisions.
• Optimise efficiency and embed correct values by ensuring direct reports understand and support Nedbanks vision values and strategy and are measured on delivery against these.
• Manage performance of reports and hold them accountable for managing the performance of their reports by implementing performance agreements ensuring a clear vision agreeing on goals and objectives providing regular feedback on performance recognising and rewarding achievement and taking appropriate corrective action where required.
• Identify relevant development needs by assessing own performance and behaviour through formal and informal feedback.
• Drive to execute own and direct reports planned development by attending learning seeking coaching or other industry or technical learning events and opportunities.
• Maintain a capable high performing team by identifying a talent pool through conducting career conversations and utilising the talent grid principles and developing talent retention programmes (e.g. rotation).
• Build depth of skills and knowledge in the team of managers by sharing knowledge and insight with team members ensuring mentoring coaching and day to day activities.
• Improve productivity and reduce costs by improving work processes through offering innovative ideas and input and soliciting input from managers and teams.
• Ensure transformational targets are met through consideration of targets during the staff recruitment retention and training process and utilising suppliers listed on the preferred supplier list for department.
• Contribute to a culture conducive to the achievement of transformation goals and support business strategies that improve the corporate image by ensuring self managers and team participation in Nedbank culture building initiatives.
• Deliver a world class service through others by ensuring a client centric culture through required interventions.
• Identify areas of resource inefficiencies and promote optimisation through promoting multi-skilling and addressing capacity gaps by reviewing and improving work processes

Essential Qualifications

• Advanced Diplomas / National 1st Degrees

Preferred Qualification

• Chartered Accountant

Minimum Experience Level

• 7 years financial management in financial services sector and 5 years managing others.

Technical / Professional Knowledge

• Business administration and management
• Client service management
• Financial Accounting Principles
• Governance Risk and Controls
• Principles of project management
• Relevant regulatory knowledge
• Stakeholder management
• Strategic planning
• Talent management

Behavioural Competencies

• Building Partnerships
• Communication
• Building talent
• Guiding Team Success
• Continuous Improvement
• Building partnerships
• Driving for Results

Employment Equity Statement

Preference to be given to underrepresented groups

Please contact the Nedbank Recruiting Team at

Required Experience :

Director

Key Skills

AutoCAD 3D,Business Travel,CAD CAM,ABAP,Management Administration,Manufacturing

Employment Type : Full Time

Experience : years

Vacancy : 1