Senior Financial Officer Vacancy at Department of Labour ZA

Senior Financial Officer Vacancy at Department of Labour ZA

Location: Johannesburg, ZA
Date: 09-Nov-2022

Job Purpose

To 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 Responsibilities

• Automation and building models to enhance efficiency in reporting and the analysis of data
• Forecast 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 rolling 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.
• Train and upskill new and existing stakeholders on financial management through one-on-one meetings and training sessions.
• Provide advice to stakeholders on profitability by extracting information from various sources, interpreting and track on monthly basis.
• Ensure that reporting deadlines are met to the finance team and stakeholders by adhering to set deadlines.
• Manage, track and reconcile spend on training, local area marketing and donations to ensure compliance with relevant department’s policies and/or standards.
• Manage closed branches and adherence to process by engaging with various stakeholders (operations, capex, channel infrastructure) to minimise risk of possible fraud and losses.
• Keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters, websites and attending sessions.
• Understand and embrace the Nedbank vision and demonstrate the values through interaction with team and stakeholders.
• Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers.
• Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed, experience practiced, and certifications obtained and/or maintained within specified time frames.
• Ensure information is provided correctly to stakeholders by maintaining knowledge sharing knowledge with team.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives by engaging in staff surveys etc.
• Participate and support corporate social responsibility initiatives for the achievement of key business strategies.
• Identify and recommend opportunities to enhance processes, systems and policies and support implementation of new processes, policies, and systems.

Essential Qualifications

Preferred Qualification

Bachelor of Commerce: Honours – Accounting

Minimum Experience Level

• 3 – 5 years in financial management preferably in the financial services industry.
• Experience in Building Dashboards in Power BI
• Advanced Excel, Model building
•  Analyzing data

Technical / Professional Knowledge

Behavioural Competencies

Employment Equity Statement

Preference will be given to underrepresented groups