Tebogo Pandelane
Finance Manager
Johannesburg
Summary
Business-minded Finance Manager promoting more than 15 years of expertise overseeing transactions and reconciling monthly financial reports. Highly collaborative individual with track record of effectively training and coaching staff members. Offering confidence, team contribution and decision making skills. I'm a smart professional with talents in planning, budgeting and forecasting. Reliable Finance Manager focused on KPI oversight and process improvements
Overview
15
15
years of professional experience
4
4
Certifications
Work History
Commercial and Business Finance Manager
Standard Bank
Johannesburg
03.2020 - Current
- Supported operations management, sales and marketing efforts to increase revenue and overall financial health.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Responsible for ensuring adequate financial controls exist to manage financial and reputational risk
- Evaluated project applications and verified with outline specifications to approve, reject and recommend adjustments.
- Analyzed financial statements against forecasts to prepare high-level variance analysis.
- Managed regular finance tracking for numerous products within the division
- Forecasted trends and recommended improvements based on financial risk analyses.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Created documents to display financial reports and data PowerBI
- Responsible for ensuring adequate financial controls exist to manage financial and reputational risk
- Review, analysis and interpretation of monthly management accounts and contributing towards the preparation of budgets and forecasts
- Provide input into business cases
Financial Manager
Standard Bank-Everyday
08.2001 - Current
- Customer Insights, Reporting and Analytics), Banking Finance (Client Solutions)
Financial Manager
Standard Bank
08.2018 - 03.2020
- PBB Finance: Everyday Banking Finance, Main Purpose:
- Fully accountable to provide functional support for the Costing, Recoveries & Pricing services to various areas in the bank
- This involves developing and implementing Costing & Recoveries processes, models and controls in the finance area
- To provide analysis on the financial performance of the allocated portfolio / product
- To perform data mining (from various source systems), packaging and interpretation as input into monthly reporting, projects and product performance
- Key responsibilities/Key performance:
- Monthly Reporting:
- To be accountable for the completeness, accuracy and timely delivery of all relevant financial reports
- Assume accountability for the end to end execution of monthly costing reporting requirements to all relevant stakeholders
- Leverage current and historical monthly reporting information to provide insights to enable better business decision making
- Obtain a granular understanding of what drives business costs, i.e
- Use relevant and accurate cost drivers in the costing and recoveries models, to ensure the correct level of business efficiencies are achieved
- Ensures that the agreed accounting principles, methodologies, and underlying data (where applicable) are adhered to for all transfer expenses and recoveries
- Prepare financial and non-financial key drivers for cash performance
- Maintain and improve stakeholder engagement to ensure continual support
- Produce financial reports to business partners
- Prepare customer profitability analysis for the cash performance across PBB & CIB
- Forecasting/Budgeting:
- Ensure quality and accuracy of costing and recovery reports provided to relevant stakeholders in line with iteration timelines
- Communicate to Finance to ensure understanding of the planning implications on Recoveries, based on the iteration guidelines issued by Group Planning
- Continuous review and improvement of the Costing and Recoveries methodology for use in business areas
- Obtain the required model inputs/drivers from relevant stakeholders and ensure that it’s complete, accurate and valid
- Technology used:
- SAP BW
- SAP R/3
- SAP FMI
- Cognos
- QlikView &Power BI
- AssureNet
- Microsoft Excel Advance
- Microsoft PowerPoint
- PCM
- Achievements / Accomplishments / Value add:
- Produced a management accounting report called Customer Profitability Analysis, which allowed the business to determine the profitability of each customer or segments (business banking, small enterprises and commercial banking) customers by attributing profits (revenue) and costs to each customer separately
- The success of this analysis enabled the business partners to distinguish or classify customers that are profitable from those that are loss makers
- This assisted the business to determine customers that it needs to hold on to and acquire more of the same type, and which customers it needs to let go of.
Senior Finance Analyst
Standard Bank
08.2013 - 07.2018
- Savings & Investment Products PBB), -Business and Commercial Banking Finance, PBB Finance: Business & Commercial Banking Finance, Responsibilities:
- Main Purpose:
- To provide analytics & insights into the establishment and the attainment of the financial objectives of the Business Unit
- To drive the analysis on the financial results of the Transactional Product Unit, identify problem areas and potential for improvement
- To provide support to the Financial manager of the product/segments in the management of the business, as well as assisting in the production of consolidated segment/product financials as well as analyzing the financials on a periodic basis
- Key responsibilities/Key performance:
- Monthly Reporting:
- Accurate completion of Income Statement, Balance Sheet and Key Drivers by segment and product
- Processing month end journals
- Processing reallocation journals between Retail Banking & Business Banking
- Completion of segment financials
- Calculating Business online revenue and preparing income statement per segment
- Calculating & posting Business online internal revenue
- Confirmation of NIR & Deposits Products before been loaded on SAP
- Analysis & preparation of Service Fee breakdown per segment (Mid-Corp, Agric, SE & Business segment)
- Analysis & preparation of Cash Flash (Cash Deposit Fee) per segment and Channel (ATM, Branch, Cash Centre, Autosafe)
- Reallocation of NIR branch income between business & SE segment
- Reallocation of Card Revenue from Card division to business & SE segment
- Preparing the cash key drivers per segment (Turnover, Volume, Margin)
- Analysis of NIR major fee lines using MIS data (top customers, declines, growth, new & lost customers)
Finance Analyst
Standard Bank
Johannesburg
12.2012 - 07.2013
- PBB Finance: Card & Cash Acquiring, Purpose:
- To provide the finance manager and business director with timely and accurate financial management information, covering reporting, cost center control and reports to help achieve the goals of business
- To provide accurate and relevant management information and analysis directly to key stakeholders, in line with respective business value propositions, on time and in a format, that is easily understood and applied by business
- Key responsibilities/Key performance:
- Monthly Reporting:
- To perform accurate month-end procedures
- Provide a fully costed income statement for business unit cost centers
- Understand the cost allocation methodologies of transfer expenses on the income statement
- Monthly reconciliation of suspense accounts
- Ensure that all balance sheet accounts are reconciled monthly and all movements to the accounts are explained
- Tracking sales performance of Autosafe devices as well as the recovery from clients
- Calculating the cost allocation of the Autosafe between CIB & PBB
- Providing commentary on Headcount
- Technology used:
- SAP BW
- SAP R/3
- Microsoft Excel Advance
- Microsoft PowerPoint
- Microsoft Outlook
- Microsoft Word
- Achievements / Accomplishments / Value add:
- Created a cost allocation model for Autosafe on charge between CIB & PBB, Standard Bank
- Division:
- PBB Finance: Vehicle & Asset Finance
Accountant (Transfer Expenses)
Standard Bank
Johannesburg
02.2010 - 12.2012
- Main Purpose:
- To assist with all transfer accounting reporting requirements and reconciliation processes during month end, revised estimates and budgets
- Key responsibilities/Key performance:
- Monthly Reporting:
- Reconcile and understand transfer accounts charges on monthly basis and investigate variances where necessary
- Ensure all service providers have processed transfer accounts and investigate any late processing
- Provide monthly commentary with regards to transfer accounts for Exco and Retail Finance reporting
- Ensure VAF Transfer account on-charge cycle is accurate and ran timeous
- Ensure VAF Retail/Corporate transfer account on-charge cycle is accurate and ran timeous
- Schedule for the month & reserving cost, and then calculate EDW rates to be loaded on the mainframe for VAF branches
- Prepare and load Statistical Key Figures (SKF’s) for transfer expenses monthly
- Prepare Key Result Indicator Report
- Forecasting/Budgeting:
- Liaising with service providers to determine whether respective transfer accounts charges to VAF are reasonable
- Understand the make-up of service providers’ charges to VAF
- Investigate variances of transfer accounts and provide commentaries
- Ensure VAF transfer account on-charge cycle is accurate and run timeous
- Ensure VAF Retail/Corporate transfer account on-charge cycle is accurate and run timeous
- Assist with the Forecasting and Budget process for transfer accounts
- Assist Manager in revised estimate and budget transfer accounts sign-off process.
Bank Reconciliation Officer
Standard Bank
Johannesburg
07.2008 - 12.2009
- Ensure that the customers deposit is allocated correctly in their accounts
- Traced customers unallocated funds.
- Successfully maintained clean suspense account
- Worked within applicable standards, policies and regulatory guidelines to promote safe working environment.
Bank Statement Officer
Standard Bank
Johannesburg
01.2007 - 06.2008
- Devoted special emphasis to punctuality and worked to maintain outstanding attendance record.
- Drove operational improvements which resulted in a clean suspense account and trial balance.
- Actively listened to customers, handled concerns quickly and escalated major issues to supervisor.
- Used Microsoft Word and other software tools to create documents and other communications.
- Carried out day-to-day duties accurately and efficiently.
Education
CIMA - Management Accounting
CIMA
United Kingdom 01.2019 - Current
Bachelor of Commerce (Internal Audit - Internal Auditing
University of South Africa
South Africa 09.2014 - 12.2023
Skills
SAP BWSAP R/3IBM Congo’sMicrosoft Excel AdvanceProfitability Costing Model
Reporting and business analysis
Operations and finance expert
Understanding of client business requirements
Business policies and procedures
Business process understanding
Understanding of business functions
Budgeting and finance
Accounting and finance
Budgeting and finance expertise
Business understanding
Business practices understanding
Accomplishments
- Developed new productivity measurement tools called customer profitability analysis
- Collaborated with team members to produce SBSA Cash income statement
- Used Power BI tool to track the operational risk losses for the division
- Developed new bank reconciliation process for attestation
- Developed new costing model for cash secure between PBB and CIB.
Certification
Certificate in Banking Services
Timeline
Business Collaboration in the modern workplace
11-2022
Corporate Financial Statement Analysis
11-2022
Data Analysis for pricing analyst
11-2022
Commercial and Business Finance Manager
Standard Bank
03.2020 - Current
CIMA - Management Accounting
CIMA
01.2019 - Current
Financial Manager
Standard Bank
08.2018 - 03.2020
Bachelor of Commerce (Internal Audit - Internal Auditing
University of South Africa
09.2014 - 12.2023
Senior Finance Analyst
Standard Bank
08.2013 - 07.2018
Finance Analyst
Standard Bank
12.2012 - 07.2013
Accountant (Transfer Expenses)
Standard Bank
02.2010 - 12.2012
Bank Reconciliation Officer
Standard Bank
07.2008 - 12.2009
Bank Statement Officer
Standard Bank
01.2007 - 06.2008
Certificate in Banking Services
01-2006
Financial Manager
Standard Bank-Everyday
08.2001 - Current