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SFO: Investments

Employer
Nedbank
Location
Durban Durban eThekwini, South Africa
Salary
Competitive
Closing date
Feb 29, 2024

View more

Job Role
Other
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Job Purpose

To create and manage the loans and investments for Property Partners on SAP. To generate, analyse and report reliable, meaningful financial and non-financial information.

Job Responsibilities

SAP CML and Treasury module
• Creation and maintenance of contracts on CML.
• Administer and process payments in SAP and Netbank.
• Confirm that all pre-disbursement conditions have been met before payments are made.
• Creation and maintenance of investment security identity in SAP Treasury module.
• Processing fair value adjustments in the treasury module.
• Reconciliation of eCap numbers.
• Provide Property Partners business with settlement values on contracts.
• Allocate deposits in the bank account to contracts.

Reporting
• Provide monthly management accounts to the Property Partners division.
• Creation and maintenance of reports requested by the business.
• Assist the external reporting team with queries on the investment portfolio.
• Complete month-end reconciliations.

Quarterly review of investment portfolio
• Review and reconcile supporting documentation to the project reviews and ensure variances have been resolved.
• Prepare financial pack for investment reviews.

Budgeting and Forecasting
• Assist with the budgets and forecasts for the subsidiaries in the portfolio.
• Assist when required to capture the budget information into the BPC system.

Accounting for subsidiaries
• Request resolutions from Nedbank Secretariat as and when required.
• Accounting for subsidiaries (payments, sales, rent-rolls, tax, vat, resolve vendor queries etc)
• Create and maintain property registers for trading stock
• Prepare and submit provisional tax in June and December.
• Submit annual tax return.
• Draft annual financial statements using CaseWare.
• Liaise with external auditors.

System Testing
• Test new products, enhancements and system fixes in SAP.
• Provide detailed analysis and results of testing.

Compliance
• Update SAP BP with the latest financial information received on the investments.
• Review of legal agreements received for investments and maintain the legal register.
• Ensure either the original or a copy of the signed agreement is scanned onto the central server if required.
• Create a document tracking in SAP CML and hand agreements over to CSD for safe keeping.
• Ensure any queries raised by CSD on the agreements are resolved.

General:
• Provide support to the business on accounting and contract queries.
• Supply information to Group Tax and Group Finance as and when required.

Essential Qualifications - NQF Level

BCom or relevant commercial or financial tertiary qualification.

Preferred Qualification

BCom Honours in Finance, Accounting and Tax.

Minimum Experience Level

• Detailed knowledge of SAP CML and FI is a prerequisite.
• At least 5 years' experience in financial accounting and an understanding of accounting for property development.
• Advanced Excel skills
• Basic understanding of corporate tax

Type of Exposure
• SAP technical knowledge - SAP CML and Treasury
• Accounting for investments and for property development.
• Tax - basic understanding of corporate tax

Technical / Professional Knowledge

• Strong knowledge of SAP CML, HANA, BPC and FI
• SAP Treasury module
• Microsoft Office products -especially excel
• Financial accounting principles - property development accounting, income tax, accounting for joint ventures,
• CaseWare knowledge
• Ability to draft annual financial statements for subsidiary companies
• Financial acumen
• Property Finance knowledge
• Compliance and risk processes
• Knowledge and understanding of payments and internal Nedbank banking process in PF

Behavioural Competencies

  • Building Customer Loyalty
  • Communication
  • Decision Making
  • Initiating Action
  • Managing Work
  • Quality Orientation


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

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