Head Of Finance - Coe

Cluster RBB Career Stream Accounting Leadership Pipeline Manage Managers Why should you join our team Nedbank is seeking a Chartered Accountant (CA) with expertise in product management and analytics to join as the Head of Finance. In this role, youll oversee financial activities, manage daily operations, and provide strategic insights to drive business decisions. Youll lead the financial strategy for rewards programs and value-added services, optimize costs, and drive revenue growth. Additionally, youll build and maintain a high-performing finance team, focusing on talent development and process improvements. Join Nedbank to shape financial strategy in a collaborative and innovative environment. Position Head of Finance - NIR COE Job Purpose To lead a team responsible for the management and analysis of all financial activities; make recommendations in line with Nedbank strategy to enable the business to make informed financial decisions. Job Responsibilities 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 Nedbank's 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. 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. Minimum Experience Level 7 years financial management in financial services sector and 5 years managing others. Strong understanding of non-interest revenue and its importance in a banking context. Ability to provide insights into NIR to support strategic decisions such as pricing and identifying revenue leakage. Experience working with data specialists or business intelligence teams. Ability to specify rules for data analysis and reconcile data insights with financial ledgers to ensure accuracy and integrity. Ability to collaborate effectively with cross-functional teams, including those with technical expertise in data. Strong communication skills to convey complex financial data to non-financial stakeholders. Comfortable working with data, even if not directly handling SQL or other technical tools. Ability to work with data partners to achieve common goals and bring a finance perspective to data analysis. Experience in product management or product development is a plus, with the ability to rate their experience level. Essential Qualifications - NQF Level Advanced Diplomas/National 1st Degrees Professional Qualifications/Honours Degree Preferred Qualification CA (SA) 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 Disclaimer Preference will be given to candidates from the underrepresented groups Please contact the Nedbank Recruiting Team at XXX-XXXX 566