Sfm: Suspense Accounts - Johannesburg, South Africa - Nedbank

Nedbank
Nedbank
Verified Company
Johannesburg, South Africa

1 week ago

Thabo Mthembu

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Thabo Mthembu

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Description

Job Req
Job Title- Senior Financial Manager: Suspense Accounts- Closing Date- 09 August 2023- Career Stream- Accounting

  • Location
  • Sandton
    Job Purpose
  • To direct, add value and enable business decisions specific to the suspense account environment through effective analysis; reporting and monitoring of controls across a range of business functions

Responsibilities:


  • To implement and monitor governance processes related to the Commercial and Retail banking suspense account environment.
  • Provide oversight of all suspense accounts prepared by the Operational areas across Commercial and Retail banking.
  • Resolution and tracking of exceptions highlighted through the suspense account oversight process.
  • Liaison between finance and business/operations. To facilitate query resolution.
  • Attend weekly exception report/Risk meetings for the tracking and resolution of risks identified.
  • Automation of suspense accounts and ongoing maintenance of the automated reconciliation tools.
  • Facilitate monthly suspense account related reporting.
  • Management of the monthly IFC process and related reporting.
  • To facilitate the tracking and resolution of Audit findings.
  • 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 buyin 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.
    Essential Qualifications
  • NQF Level
  • Chartered Accountant


  • Preferred Qualification

  • Chartered Accountant
/ MBA/ CIMA

  • Minimum Experience Level 5 years in financial management preferably in the financial services industry and 2 years managing others.


  • Behavioural Competencies

  • Building Partnerships
  • Earning Trust
  • Communication
  • Decision Making
  • Planning and Organizing
  • Quality Orientation

Technical / Professional Knowledge

  • Banking procedures
  • Business Acumen
  • Cluster specific operations
  • Data analysis
  • Governance, Risk and Controls
  • Industry trends
  • Relevant regulatory knowledge
  • Relevant software and systems knowledge
  • Remuneration policies and principles
  • Research methodology


  • Talent Acquisition Consultant

  • Poppy Mlotshwa **_Please contact the Nedbank Recruiting Team at _
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