AFO : Nedgroup Investments

Job Description

Job PurposeTo provide financial management services to stakeholders through effective processing; monitoring; budgeting/forecasting; analysis and reporting; thereby ensuring good governance and financial control across the Nedbank Group.Job ResponsibilitiesContribute to business unit's cost saving by operating within agreed targets.Contribute to improvement of team performance by partnering with team leaders and giving advice and feedback on how they are performing.Maintain client satisfaction by responding to general queries and adhoc requests timeously.Contribute to team skills by sharing knowledge and ideas.Build and maintain business relationships with internal and external stakeholders by providing and discussing monthly financial packs.Validate accuracy and allocation of entries posted to the general ledger (GL) or database (DB) by checking the daily GL and DB accounts and reports.Process staff claims by allocating them to the correct branch and GL account.Process ledger entries by preparing the VAT upload and forward to Group Finance for further processing.Ensure entries are correctly allocated by liaising with the relevant parties and following up on any discrepancies.Prepare a variance report by comparing budget/forecast against actuals and providing comments for the variances.Perform daily bank reconciliations by clearing entries to the GL.Perform monthly balance sheet reconciliations by comparing GL and balance sheet balances and explaining reconciled items.Review validity of invoices by making sure that they meet policy requirements in terms of signatures, mandates and tax.Submit invoices for payment by capturing on the P2P System and select authorisers for approval.Prepare budgets, forecasts and three-year plans by liaising with team leaders and gathering relevant information.Manage and monitor asset registers by physically checking asset numbers and verifying them against the asset register.Process purchase orders of capex (new or replacement) by allocating reference numbers and ensuring validity of order in terms of signatures and mandates.Keep abreast of legislation and other industry changes that impact on role by reading the relevant newsletters, websites and attending sessions.

Responsibilities + Skills

Capturing dataTracking cost against a budgetManaging and monitoring internal customer expectationsworking in a fast -paced environmentWorking within a team


Achieved Stakeholder Service Deliverable ExcellenceManaged selfWorking with a group to identify solutions to a problemCompleting various administrative dutiesComparing two or more sets of information


2-4 years experience with 1-2 years' experience in financial services environment

Job Summary

  • Published on: Monday, 2nd March 2020
  • Designation: AFO : Nedgroup Investments
  • industry: Finance
  • Vacancy: 1
  • Employment Status: Full-time
  • Job Location: Johannesburg
  • Salary: on a call
  • Gender:
  • Application Deadline: Monday, 2nd March 2020

About the Company

  • Company Name: Nedbank Recruiting.
  • Address:
  • Website:
  • Company Profile:
  • Staying abreast of the various IFRS 9 modelling methodologies across retail and wholesale productsContributing to development aspects of the loss forecasting and stress testing framework and keeping the framework up to date as the methodology evolvesConducting ad hoc analysis on IFRS 9 PD, EAD, LGD and Survival models, as well as overall impairment calculations, for retail as well wholesale-type portfoliosConducting independent credit risk stress testing related research and using it as input into proposals and strategiesEngaging with various stakeholders across the organisation (including risk and finance) to discuss methodological aspects, business assumptions and results from the loss forecasting work stream

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