Senior Financial Officer

Job Description

Job PurposeTo generate; analyse and report reliable; meaningful financial and non-financial information to support the requirements and decision making of the business; in line with Nedbank's strategy.Job ResponsibilitiesForecast and predict monthly flash report towards end of every month by analysing trends and cost drivers.Generate and compare flash results performance to various budget figures and measure growth against previous periods by performing a variance analysis.Provide formal commentary and interpretation on financial information to stakeholders through variance analysis.Prepare adhoc reports by gathering information from various sources and analyse and interpret the data.Align reporting information to business changes by verifying and updating structural changes.Forecast annual staff costs and head count management through staff run rate report.Manage the cost of footprint roll-out by monitoring and reporting actual spend against budget.Conduct (plan, implement, monitor and adjust)financial planning process which includes annual budget, 3 year plans and quarterly forecasts by looking at trends, initiatives, distribution and cost drivers.Prepare financial, non-financial and adhoc reports to various stakeholders on monthly basis by gathering information from various sources and analyse and interpret the data.

Responsibilities + Skills

Keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters, websites and attending sessions.


Branch Administration Centres to ensure adherence to policy and procedures.


Job Summary

  • Published on: Monday, 13th September 2021
  • Designation: Senior Financial Officer
  • industry: Finance
  • Vacancy: 1
  • Employment Status: Full-time
  • Job Location: Johannesburg
  • Salary: 0
  • Gender:
  • Application Deadline: Monday, 13th September 2021

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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