Job Purpose
The Cost and Management Accountant will play a pivotal role in analysing and managing the Nedbank London Branch and NBSA’s cost structures, cost recoveries, financial planning and analysis while taking ownership of the bank's procurement activities, and supplier management to ensure cost-effectiveness, compliance, and operational efficiency and financial performance, and profitability. You will collaborate with various departments to provide insights, contribute to cost optimization initiatives, and support decision-making processes. You will be at the forefront of shaping the Business's financial success by optimizing costs, driving financial insights, and contributing to procurement excellence. Support the UK Finance director on various improvement projects and system implementations. The role holder will undertake new tasks and responsibilities assigned by the UK Finance Director to support him in the fulfilment of his Statement of Responsibilities.
Job Responsibilities
Prepare monthly and ad hoc cost reports, highlighting key insights and recommendations for management review.
Collaborate with other local and South African based finance resources to prepare accurate monthly management accounts and management information, ensuring alignment with financial performance.
Manage and maintain the cost accounting, ensuring accuracy and adherence to Group accounting principles and methodologies.
Develop and maintain cost allocation models to accurately assign costs to different departments and activities
Own transfer pricing policies and documentation for intercompany transactions within the banking group to ensure compliance with transfer pricing regulations. Own the business SLA inbound and outbound accounting and costing processes.
Assist the Finance director in sourcing strategies, vendor onboarding and contract management,
Ensure adherence to procurement policies and practices, promoting cost-effective purchasing without compromising quality while ensuring compliance with the relevant regulations within the Procurement and Outsourcing management space.
Manage the outsourced Account Payable process on a day-to-day basis ensure the appropriate approval hierarchies are in place.
Deliver key Finance projects.
Identify opportunities for continuous improvement, seeking innovative ways to streamline processes and contribute to their implementation.
Participate in business case assessments for new projects or initiatives.
Periodically and as needed, the role holder will undertake new tasks and responsibilities assigned by the UK Finance Director to support him in the fulfilment of his Statement of Responsibilities
Essential Qualifications - NQF Level
Accounting Qualification OR relevant post graduate qualification. A professional accounting qualification (e.g., CIMA, ACCA) is advantageous.
Minimum Experience Level
5-7 years experience in cost management, extensive business experience in a banking/financial services environment
Technical / Professional Knowledge
Financial and Business acumen
Data analysis
Proven experience in cost accounting, management accounting, or financial analysis within the banking or financial services sector.
Strong understanding of cost structures, financial performance analysis, and management accounting principles.
Interpersonal skills, communication and presentation skills
Relevant software and systems knowledge – SAP, SAGE, TM1 and Microsoft office suite
Behavioural Competencies
* Earning Trust
* Communication
* Customer Focus
* Decision Making
* Influencing
* Driving for Results
.
Please note that applicants should have the right to work in the United Kingdom to apply for this role
For any assistance or more info please contact the Nedbank Recruiting Team
+44 7738 714 465 SGainsborough@nedbank.co.uk