To construct and monitor cost-effective data accumulation processes needed to provide an appropriate level of costing information to line management for decision making. Provide relevant stakeholders with analytics and insights on Nedbank's strategic costing objectives, policies and procedures.
Job Responsibilities
Assist in developing and implementing cost accounting procedures for clusters by analysing the general ledger costs, allocation of costs together with related volumes.
Prepare / review monthly closing entries and financial statements by analysing related cost allocations and variances.
Ensure accuracy of financial records by balancing back the numbers to costs allocated to underlying activities.
Minimise costs by staying within the stipulated the budget.
Provide cost reports and analysis to management to assist with operational requirements as required.
Establish and maintain sound business relationships with all stakeholders through continuous engagements.
Meet stakeholder expectations and needs through but not limited to, provision of reliable, accurate and insightful costing information.
Address stakeholder requests by timeous response and resolution of queries.
Obtain relevant information for modelling through continuous engagements with relevant stakeholders.
Ensure activity based costing is modelled correctly by reconciling the output costs back to the source of information.
Ensure that the services from business units are accurately costed by analysing and comparing to previous periods.
Ensure compliance with appropriate costing policies and procedures by continuous engagement with the relevant stakeholders.
Provide insightful costing information to line management to support decision making by producing value adding reports in an easy to interpret format.
Ensure accuracy of work by working according to policies and procedures.
Stay abreast in the field and deliver on the expectations from stakeholders by building capability of self through training and development.
Embrace the Nedbank Vision and Values by leading by example.
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.
Essential Qualifications - NQF Level
Advanced Diplomas/National 1st Degrees
Preferred Qualification
Relevant Finance, Accounting or Cost and Management Accounting qualification
Minimum Experience Level
3+ years' relevant finance experience, with strong practical exposure to cost accounting, activity-based costing and/or transfer pricing.
Hands-on experience with SAP PAPM within a costing, transfer-pricing or financial modelling environment.
Experience across key financial cycles, including budgeting, actuals, forecasting, variance analysis and management reporting.
Strong experience in cost allocation, cost modelling, general ledger analysis and reconciliation, including shared-services costing.
Demonstrated ability to analyse and interpret complex financial data, provide meaningful business insights and engage effectively with stakeholders; banking or financial-services exposure would be advantageous.