SFO: Transfer Pricing

Senior Financial Officer: Transfer Pricing

Step into a role where your financial expertise will have a direct influence on how the business understands performance, manages costs and makes informed decisions. As part of a specialised finance environment at Nedbank, you will work at the intersection of costing, transfer pricing, financial modelling and business insight, with exposure across different products, segments and business areas.

This opportunity will give you a broader view of how costs move through a complex banking organisation, from operational and shared-service costs through to their impact on individual products and business units. You will work with sophisticated costing methodologies and tools such as SAP Profitability and Performance Management (SAP PAPM), while strengthening your experience across cost allocation, forecasting, variance analysis, modelling and financial reporting.

Beyond the numbers, this is a role where you can build strong partnerships with stakeholders and translate complex financial information into practical insights that support better decision-making. If you enjoy getting behind the numbers, understanding what drives cost and performance, and using data to influence business outcomes, this opportunity will allow you to deepen your specialist expertise while gaining valuable exposure across the broader banking environment.

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.

Advanced Diplomas/National 1st Degrees

Relevant Finance, Accounting or Cost and Management Accounting qualification

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.

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.