Summary
Date Posted: Wednesday, January 10 2024, Base Salary: Not Disclosed

JOB DETAILS:
Reports to: Financial Controller
Department: Finance

Summary of Responsibilities:
• Responsible for preparing periodic financial statements and business performance reports required for internal and external purpose consistent to the stakeholder requirements (management, group or regulator). Collect and analyze financial data to link with the overall business strategy.

Scope of Duties:
• Create and maintain a culture of empowerment and professionalism within the team.
• Understanding the bank’s business strategy, play a leading role on strategy set -up and review sessions. Budget preparation and monitoring.
• Performs financial forecasting, reporting and business performance metrics tracking.
• Work with business heads to derive improved performance as a business partner
• Perform business analysis and provide insights to allocate resources to areas where value can be generated.
• Report on financial performance and prepare for regular local and group management and business reviews.
• Analyze past results, perform variance analysis, identify trends and make recommendations for improvements.
• Evaluate the financial performance by comparing and analyzing actual results with plans and forecast.
• Guide the cost analysis and optimization process by establishing and enforcing policies and procedures.
• Identify and derive process improvement, including the creation of standard and ad-hoc reports, tools and dashboards.
• Increase productivity by developing automated reporting/forecast tools and models.
• Review and analyze the trial balance, to identify unusual trends and ensure the accurate allocation of income and expenses to the respective business units or branches within the in the accounting system. Ensure accrued revenues are timely collected by the business function are recorded in the accounting system.
• Reviewing and processing income related accounting adjustments/ reversals in the core banking system initiated by the business units.
• Work closely with other members of the finance team to ensure accurate financial reporting and actively participate in month end, quarter end and year end closing of the books.
• Provide effective support to regulator, internal auditors, external auditors, and other stakeholders for matters pertaining finance function.
• Perform any other duty as directed by management.

Technical Know How:
• Good knowledge of International Financial Reporting Standards (IFRS), taxation laws and regulation and regulatory requirements issued by the Bank of Tanzania.
• Strong analytical and numerical skills.
• Good communication skills – both written and verbal.
• A keen eye for detail and desire to probe further into data.
• Excellent computer skills especially in working with excel formulas and functions for financial modeling.
• Displays strong management and organizational skills.
• Displays strong inter-personal skills.
• Has competencies in Microsoft Suite of Software (Excel, Word, and Power Point).
• Business acumen.

Competences, Knowledge & Experience:
• A university degree in either Commerce, Finance, Statistics or Accounting
• Professional qualification such as ACCA, CPA, CFA, CISA, or CIMA is a must.
• At least 4 years’ experience in Accounting and Financial section, preferably business performance analysis role.


Work Hours: 8

Experience in Months: 48

Level of Education: Bachelor Degree

Job application procedure
All the applicants should submit their application letter, CV and Certificates not later than 14th Jan 2024 to email: hr@boatanzania.com 

NOTE: We shall communicate to only successful candidates who will meet all the requirements above.


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