Job Description

Requisition Details & Talent Acquisition Contact

Requisition nr:

141731

Talent Acquisition Specialist:

Tshego Semenya

Location:

135 Rivonia Road, Sandown

Closing date:

16 September 2025

Cluster

Nedbank, Personal and Private Banking

Career Stream

Accounting

Leadership Pipeline

Manage Others

Position

Financial Manager

Job Purpose

To manage the financial operations of the Practice Model within the Personal and Private Banking cluster, ensuring accurate reporting, compliance, and strategic financial support.

The role includes oversight of commission-based revenue, financial statements, tax submissions, and stakeholder engagement across multiple legal entities.

Why join our team!

This role offers a unique opportunity to operate at the intersection of financial management and business strategy within a dynamic, commission-driven environment. You'll gain exposure to both financial advisors and wealth managers, working across multiple product providers and legal entities. The Practice Model is a growing business unit, offering complexity and variety that goes beyond traditional finance roles. You'll act as a finance business partner--bridging technical expertise with commercial insight--while contributing to strategic planning, audit readiness, and operational excellence. With the upcoming consolidation of Wealth and Personal Banking clusters, this role opens doors to broader career paths across the organization. It's ideal for a CA(SA) looking to deepen their commercial experience, build leadership capabilities, and grow within a high-impact, high-visibility finance function.

Job Responsibilities

Financial Operations & Compliance

Maintain a monthly list of commission files received from multiple product providers and ensure timely processing. Perform daily reconciliations of commission files and resolve unreconciled items promptly. Clear bank accounts regularly and investigate outstanding balances. Prepare and submit VAT 201 returns and provisional tax calculations via e-filing, ensuring accuracy and compliance. Compile financial statements in accordance with IFRS and relevant regulatory frameworks. Maintain accurate balance sheet reconciliations with no long-outstanding items. Oversee payroll-related processes for financial planners, including commission payments and schedule validations. Ensure financial and business information is audit-ready and supported by strong internal controls.

Audit & Reporting

Lead audit management processes, including coordination of audit requests, managing RFIs, and ensuring timely submission of supporting documentation. Prepare and present monthly, interim, and year-end financial reports with insightful commentary on variances to budget and prior year. Ensure all journals are captured before ledger close-off and numbers are ready for flash reporting. Develop and maintain management packs and MANCO slides with value-adding insights. Support the preparation of three-year plans, Q0 forecasts, and rolling forecasts aligned with business expectations.

Business Partnering & Forecasting

Engage regularly with key stakeholders (e.g., regional heads, product leads, investment specialists) to provide financial insights and performance updates. Monitor and report on key KPIs for each stakeholder and hold them accountable for financial performance. Identify and address revenue leakages and inefficiencies in the business model. Track profitability of financial planners & wealth managers and compare against employment models. Provide financial guidance to support strategic initiatives and operational decisions.

Practice Model Oversight

Manage the financials of independent practices operating under Nedbank's license, ensuring full legal and regulatory compliance. Act as the finance lead for these legal entities, overseeing tax submissions, financial statements, and monthly VAT returns. Ensure that practices adhere to Nedbank's governance standards while maintaining financial independence. Support the growth and sustainability of the practice model through sound financial management and advisory.

Leadership & Development

Provide guidance and mentorship to junior finance staff (Finance Officer, Senior Finance Administrator). Document and maintain standard operating procedures (SOPs) to ensure continuity and knowledge transfer. Contribute to succession planning and the development of future finance leaders within the team. Foster a culture of collaboration, accountability, and continuous improvement. Participate in transformation and culture-building initiatives aligned with Nedbank's strategic goals. Essential Qualifications - NQF Level
Professional Qualifications/Honour's Degree

Essential Qualification

Chartered Accountant Minimum Experience Level
1-2 years post-articles experience, preferably in a commercial environment. Strong IFRS and SARS knowledge. Advanced Excel proficiency (Power BI awareness beneficial). Experience in budgeting, forecasting, and audit management.


Preferred
Experience in financial services or commission-driven environments. Exposure to practice-based financial models or legal entity management.

Technical / Professional Knowledge

Banking procedures Business principles Business writing Cluster specific operations Governance, Risk and Controls Principles of financial management Relevant regulatory knowledge Relevant software and systems knowledge Research methodology Decision-making process

Disclaimer

Preference will be given to candidates from the underrepresented groups

Please contact the Nedbank Recruiting Team at +27 860 555 566


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Please contact the Nedbank Recruiting Team at +27 860 555 566