SFM Suspense Accounts Oversight 138710
SFM Suspense Accounts Oversight 138710
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Salary Not Disclosed
1 Vacancy
Job Description
Requisition Details & Talent Acquisition Contact
Requisition nr:138710
Talent Acquisition Specialist:Tshego Semenya
Location:135 Rivonia Road Sandown
Advert closing date: 23 April 2025
Cluster
Nedbank Retail Business Banking
Career Stream
Leadership Pipeline
Position
Senior Financial Manager: Suspense Accounts Oversight
Why join our team!
This role offers broad business exposure through involvement in suspense accounts providing a comprehensive understanding of various products and a wide spectrum of financial services. It offers a unique operational perspective by linking finance and operations making it an ideal learning ground for gaining an endtoend understanding of how the bank works. The position involves significant controlrelated tasks and audit involvement making it suitable for candidates with an audit background. Additionally it requires strong communication skills to engage with senior management in various operational business areas. The role also provides ample opportunities for career growth through continuous motivation mentoring coaching and onthejob skills training. This position is perfect for someone who enjoys digging into details solving problems and engaging with various business areas to provide valuable insights and recommendations.
Job Purpose
To direct add value and enable business decisions specific to the suspense account environment through effective analysis reporting and controls across a range of business functions in line with Nedbank business strategy.
Job Responsibilities
- 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 accountrelated reporting.
- Management of the monthly IFC process and related reporting.
- Facilitate the tracking and resolution of audit findings.
- Provide meaningful recommendations explanations and highlights of concerns or anomalies by analyzing and interrogating financial information.
- Ensure accurate financial results by reviewing reconciliations and following up on unreconciled items.
- Consolidate financial reports and make valueadded 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 prioritizing effectively planning and communicating.
- Maintain high standards of analysis and reporting within defined timeframes by planning organizing and monitoring workflow.
- Contribute to intellectual capital development by providing continuous motivation mentoring coaching and onthejob skills training.
- Achieve business objectives within 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 processes 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 the 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.
Minimum Experience Level
- 5 years in financial management preferably in financial services or audit and 2 years managing others. Candidates with 2 years postarticles experience are also considered.
Essential Qualifications NQF Level
- Professional Qualifications/Honours Degree
Essential Certifications
- Chartered Accountant (CA (SA)
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
Disclaimer
Preference will be given to candidates from the underrepresented groups
Please contact the Nedbank Recruiting Team at
Please contact the Nedbank Recruiting Team at
Employment Type
Full Time
