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Head of Finance: Costing



Johannesburg, ZA

Date:  10 Jul 2024
Reference:  134754

Requisition Details & Talent Acquisition Contact

REQ 134754

Location: Sandton

Closing date: 15 July 2024



Career Stream


Leadership Pipeline

Manage Managers


Head of Finance: Costing

Job Purpose

To direct; add value and enable business decisions through effective consolidated financial analysis, reporting and controls related to expenses across a range of business functions, products and segments; in line with Nedbank business strategy.

Job Responsibilities

  • Ensure value-add and support to the Finance Executive - Cost Management RBB through insightful reporting of the key driver of expenses underlying to various businesses, services and products by applying data analysis, problem solving and communication skills to investigate, analyse and understand underlying key drivers of cost.
  • Develop meaningful Expense reports across RBB’s Segments and Product areas by leveraging the multiple financial source systems (incl BPC and PaPM ) and Microsoft applications (incl PowerBI, PowerPoint and Excel) to provide key costing insights, financial and management reports to relevant stakeholders by adhering to quality standards regarding all information and schedules.
  • Solve for complex business questions & needs ito understanding the Unit Cost to Serve and / or Sell across multiple products and channels by providing value-add and insightful analysis and reports.
  • Support and assist the Finance Executive - Cost Management RBB in solving urgent ad-hoc expense related queries from RBB Businesses, RBB Finance Centre or Group Finance.
  • Provide meaningful recommendations, explanations and highlight areas of concern by analysing and interrogating financial information related to Expenses (OPEX and AJTP within BPC & PaPM).
  • Ensure costing model outcomes are correctly and appropriately allocated to Products and Segments via the 4-Cubed reporting process by reviewing all cost model changes and updates into 4-Cubed.
  • Ensure accurate costing methodologies and principles are continuously applied in all cost models by reviewing key assumptions and inputs relating to Cost Pools, Activity drivers, Volumes and TP Service results.
  • Ensure consistency of key costing principles and methodologies are applied across all costing models.
  • Identify cost model refinements and updates through ongoing engagement with business stakeholders to ensure that all cost models outputs are valid, sensible, reliable and accurate.
  • Obtain buy-in for developing new and/or enhanced costing processes and models that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.
  • Ensure that accurate and timeous actuals & budgets are submitted and reviewed by ensuring it results from accurate, sensible and reliable Cost Models that overall aligns with key stakeholder inputs, economic inputs and strategic initiatives.
  • Participate and assist in the achievement of group collaboration initiatives by identifying opportunities to create beneficial partnerships and synergies. 

Minimum Experience Level

  • 8 to 10 years in financial management preferably in the financial services industry with key financial costing experience and knowledge

Essential Qualifications - NQF Level

  • Professional Qualifications/Honour’s Degree

Preferred Qualification

  • Chartered Accountants

Essential Certifications

    Technical / Professional Knowledge

    • Business administration and management
    • Client service management
    • Financial Accounting Principles
    • Governance, Risk and Controls
    • Principles of project management
    • Relevant regulatory knowledge
    • Stakeholder management
    • Strategic planning
    • Talent management


    Preference will be given to candidates from the underrepresented groups

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


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


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