Summary
Overview
Work History
Education
Skills
Career Achievements
Summary Of Positions Held
Notice Period
Personal Information
References
Timeline
Generic

Hema Shiba

Johannesburg

Summary

Qualified Professional (16+ Years Experience in Senior Finance roles) I am a highly ambitious and self-motivated individual with 16 years’ experience in leading finance teams across the banking and information technology sectors. As a Chartered Management Accountant, I have extensive knowledge and expertise in developing and executing financial strategies that support growth and organisational goals. I am skilled in leading high-performing teams and foster a collaborative culture for creative and results-driven outcomes. I have a strong finance business partnering background in leading and transforming financial performance and analysis, while supporting the CFO and Business Unit heads in achieving key strategic objectives. Throughout my career, I've combined financial expertise with advanced technology to automate complex financial processes that resulted in substantial cost savings, improved accuracy, and exceptional operational efficiency. I am recognized as a catalyst for innovation and positive change, and I consistently strive to exceed expectations and question the status quo.

Overview

16
16
years of professional experience

Work History

Head of Financial Planning and Analysis

Nexio (Subsidiary of Vodacom Group)
6 2021 - Current
  • Support the CFO in developing, communicating, and executing the financial strategy of the organisation
  • Support and contribute to the production of the five-year long-range business plan
  • Develop financial KPI’s to assess the success of both business and financial performance
  • Lead and manage the annual budget cycle for all Business Units, reporting and presentation to the Board and Executives stakeholders
  • Lead and manage the forecasting, budgeting and actual reporting of FTE and collaborate with HR and Business Unit Heads
  • Lead the forecasting, budgeting and actual reporting of P&L, Balance Sheet and Cash Flow
  • Lead the management reporting, analysis and insights across Executive Stakeholders, Board and GTM Business Units
  • Provide financial insights and variance analysis on financial performance to executive management
  • Collaborate with business unit managers to provide financial business partnering and strategic guidance
  • Present financial performance packs at Business Unit performance review meetings and partner with business unit heads to address and resolve operational issues that may impact financial performance
  • Perform financial analysis, cost analysis, and forecasting to identify opportunities for cost optimization and efficiency improvements
  • Drive financial performance, including customer profitability, margin analysis and achievement of EBITDA targets
  • Lead and manage the forecasting process for the organisation including engagement with executive stakeholders for input, reporting and presentation to Executives and the Vodacom Group
  • Use the outcome of financial forecasts and analysis to facilitate weekly forecast meetings to drive decision making and resolve issues
  • Oversee the capital expenditure (CAPEX) investment and manage funds strategically across all business units
  • Manage and oversee the month end closure performed by the finance team
  • Lead the internal audit process conducted by Vodacom
  • Lead and manage the implementation of ERP and other IT systems and applications across the organisation
  • Ensure business decisions are executed within the internal governance control framework
  • Lead the FP&A team, including staff recruitment, staff development, performance management and task management
  • Achievement: Assisted with the Implementation of ERP system Sage X3, which resulted in streamlined financial processes
  • Achievement: Automated all business unit reporting and KPI Dashboards through the implementation of Power BI
  • Achievement: Automated the forecast and budgeting process through implementation of Prophix.

Senior Finance Manager

Standard Bank Group
10.2020 - 06.2021
  • Manage and oversee the monthly finance function performed by the IT Finance team to ensure accurate and timely financial reporting, insightful analysis and performance packs
  • Lead and manage the forecasting and annual budgeting cycle with collaboration and engagement with business stakeholders
  • Conduct cost analysis and derive insights to identify cost saving initiatives that contribute to strategic objectives
  • Facilitate the adoption and implementation of Cloud FinOps across finance teams
  • Support Project Leads in the preparation of business cases for identified strategic initiatives
  • Tracking and reporting of actual benefits of initiatives and measuring performance against planned metrics.

Senior Manager: Financial Planning and Performance

Commercial Bank of Dubai (United Arab Emirates)
01.2020 - 10.2020
  • Manage the financial planning cycle for timely delivery of business performance analysis across all segments in the bank
  • Management of bank-wide annual and re-segmented budget planning processes
  • Build comprehensive and dynamic financial forecasting models and analysis to drive insight to business operations
  • Prepare and present budget and forecast presentations to executive leadership team
  • Management and review of monthly and quarterly financial performance
  • Delivery of competitor/peer bank analysis and insightful market trends that enables strategic decision making
  • Provide value added insights and analysis to drive business performance and make recommendations to achieve strategic targets
  • Ensure accurate reporting of costs and provide value added insights into variances against budget
  • Prepare insightful cost analysis and trends and propose recommendations for cost savings initiatives
  • Propose and implement cost control improvements and process simplifications
  • Manage and support ad-hoc initiatives, system improvements and process enhancements required by the executive leadership team.

Senior Finance Manager

Standard Bank Group
03.2017 - 12.2019
  • Manage the Infrastructure and Operations portfolio within IT Finance which is over a billion rand cost portfolio
  • Support key business stakeholders by providing accurate financial performance reporting and insights to guide informed strategic business decisions
  • Manage and oversee the monthly finance function performed by the team to ensure accurate and timely financial reporting, insightful analysis and performance packs
  • Lead and manage the forecasting and annual budgeting cycle with collaboration and engagement with business stakeholders
  • Provide sound financial advice in Investment Committee forums related to the investment in strategic IT Initiatives
  • Understand, influence and review business cases for investment spend to ensure it is aligned to strategic business objectives
  • Oversee and manage the asset register and depreciation
  • Involved in contract management discussions and renegotiation of rates with vendors
  • Provide financial inputs in RFPs, BAFO’s and transition of new vendors that are awarded contracts
  • Facilitate the adoption and implementation of Cloud Computing across finance teams and represented finance in the cloud centre of excellence
  • Defined and implemented Cloud policies and procedures across all portfolios in IT Finance
  • Defined and assisted with the recovery methodology and procedure for all applications migrated to the Cloud platforms
  • Achievement: Automation of the budgeting process for Group IT Finance (Nominated for the mark of excellence)
  • Achievement: Defined, managed and implemented a simplified IT investment spend process
  • Reduced turn-around time to release funds to enable PMs to execute on initiatives much sooner
  • Achievement: Developed and implemented forecasting/budgeting models which have been adopted by the wider CTO team.

Finance Manager

Standard Bank Group
01.2016 - 03.2017
  • To provide the Home Loans Credit Finance Portfolio with support in managing the financial planning and analysis of home loan provisions
  • Monthly reconciliation of modelling, credit and MI data
  • Responsible for the calculation and analysis of provisions
  • Management and collaboration with credit team for driver updates (PDs and LGDs) and impact analysis
  • Preparation and review of monthly provisions and book balances
  • Variance analysis and regular review of compliance with financial reporting framework
  • Prepare and present budget, revised estimates and rolling forecasts to executive stakeholders
  • Provide analysis and insight to monthly Customer Financial Segment submissions
  • Prepare and present monthly commentary to various stakeholders in the credit and finance teams
  • Preparation of Manco and Exco pack submissions for credit
  • Preparation and presentation of Adhoc financial reporting requirements as and when required by Central Finance, Product Finance as well as the Home Loans Credit team
  • Achievement: Created and implemented forecasting models for CFS
  • Achievement: Budget model enhancements to overcome gap in budgeting process
  • Achievement: Streamlining processes and improving turn-around time for tasks
  • Achievement: Automation of reports by assisting in the implementation of BA and continuously striving to automate reports that previously required MI/Credit assistance.

Management Accountant: Planning

ABSA Bank
04.2014 - 12.2015
  • Manage the budgeting and forecasting function across the Business Banking teams
  • Prepare, consolidate and report the stress testing process to Barclays Group
  • Assist Business Heads with guidance and support in the preparation of business cases for all new initiatives for presentation to Investment Council
  • Prepare, measure and report on weekly and monthly Flash to Barclays Group
  • Provide detailed weekly and monthly commentary on variances between projected and actual results
  • Prepare and present the forecast for Short Term Plans (STPs) and Medium-Term Plans (MTP) in accordance with BU strategy annually
  • Provide a monthly presentation of operating expenses, with commentary to report month actual cost relative to budget for the allocated cost area
  • Collaborate with Business Partners to gain insight to their plans and ensure RAF/STP cycles are aligned to these plans
  • Achievement: Development and implementation of forecasting model into product /finance team
  • Achievement: Management and implementation of Adhoc - Projects such as TM1
  • Achievement: Development of templates to ensure efficient reporting in finance team.

Cost Analysis and Reporting

ABSA Capital
08.2013 - 04.2014
  • Responsible for RAF adjustments, STP, MTP planning and budgeting for capital front office
  • Prepare, review and present annual budgets to executive stakeholders
  • Prepare weekly and monthly flash report to Barclays
  • Preparation and analysis of monthly cost and management reports
  • Investigation of variance analysis between actual and budget
  • Identification of trends in financial information
  • Monthly meeting and collaboration with stakeholders to discuss financial results
  • Cost efficiency steering committee member responsible for monitoring major cost contributors and recommending strategies to control costs
  • Management of 600 cost centres to ensure accurate cost allocation
  • Preparation and processing of monthly journals to the general ledger
  • Balance sheet management to verify and reconcile balances and attest balances on Consigno
  • Present reasons for movement in balance sheet items at GLRS meetings
  • Creating and managing Economic Transfer Pricing agreements with Barclays to ensure costs are recovered or paid internally
  • Provide strategic recommendations to various stakeholders to efficiently manage costs and ensure targets are met.

Management Accountant

IMPERIAL Cargo Solutions
03.2008 - 08.2013
  • Prepare Group Hyperion financial statements
  • Create and update Group profit projection models
  • Flash reporting and assist in annual budgets and forecasting
  • Interpret and investigate variances between budget and actual performance
  • Analyze and prepare EXCO reports measuring growth in performance and future stability of business
  • Create and update dashboards to monitor major costs
  • Ad-hoc project management such as cost saving, internal controls and implementation of new information systems
  • Costing and update of customer rates – with the use of adhoc and zero-based costing models
  • Assist with CAPEX proposals such as acquisition of new vehicles in line with required WACC and ROIC
  • Evaluate the impact of strategic options through investment appraisal techniques and make recommendations of suitable options.

Education

Skills

IT Proficiency: Sage X3, SAP, Hyperion, Pastel Evolution, Power BI, TM1 Cognos, Qlikview

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Career Achievements

  • Implementation of ERP system; Assisted with the implementation of Sage X3 and Prophix which resulted in streamlined financial processes, automation of forecast and budget processes and improved data accuracy; Vodacom Group (Nexio)
  • Implementation of Power BI; Automated financial performance and analysis across all business units, replacing previously manual reporting; Vodacom Group (Nexio)
  • Nominated for Mark of Excellence; Automation of budgeting and forecasting process for Group IT Finance; Standard Bank Group
  • Successful execution of Bank Analyser implementation; Successfully managed and executed the implementation of Bank Analyser, leading to the transformation and automation of previously manual reporting processes; Home Loans Credit Finance, Standard Bank Group
  • Successful execution of TM1 implementation; Implementation of TM1 Cognos, resulting in the automation of financial reporting processes; Business Banking Finance, ABSA Bank

Summary Of Positions Held

  • Head of Financial Planning and Analysis; Nexio, Subsidiary of Vodacom Group, June 2021 – Current
  • Senior Finance Manager; Commercial Bank of Dubai, UAE
  • Senior Finance Manager; Standard Bank Group, IT Finance
  • Finance Manager; Standard Bank Group, Home Loans Credit Finance
  • Management Accountant; ABSA Bank, Business Banking Finance
  • Management Accountant, Imperial Logistics

Notice Period

1 Calendar month

Personal Information

  • Date of Birth: 12/30/1985
  • Gender: Female
  • Nationality: South African
  • Marital Status: Single

References

  • Standard Bank Group, Nadia Chambers, Head of Finance, +27 82 852 6167
  • Commercial Bank of Dubai, Darren Clarke, Chief Financial Officer, +971 4 212 1000
  • Standard Bank Group, Russel Currie, Head of Credit Home Loans, +27 82 496 0584
  • Absa Bank, Tendani Sikhwivhilu, Head of Finance RBB, +27 82 582 2432
  • Imperial Cargo, Hendrik Lombard, Operations Director, +27 83 256 8299

Timeline

Senior Finance Manager

Standard Bank Group
10.2020 - 06.2021

Senior Manager: Financial Planning and Performance

Commercial Bank of Dubai (United Arab Emirates)
01.2020 - 10.2020

Senior Finance Manager

Standard Bank Group
03.2017 - 12.2019

Finance Manager

Standard Bank Group
01.2016 - 03.2017

Management Accountant: Planning

ABSA Bank
04.2014 - 12.2015

Cost Analysis and Reporting

ABSA Capital
08.2013 - 04.2014

Management Accountant

IMPERIAL Cargo Solutions
03.2008 - 08.2013

Head of Financial Planning and Analysis

Nexio (Subsidiary of Vodacom Group)
6 2021 - Current

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Hema Shiba