Summary
Date Posted: Monday, April 29 2024, Base Salary: Not Disclosed

JOB DETAILS:
Position: Chief Finance Officer
Location: Head Office

JOB OBJECTIVE(S)
To oversee all activities relating to financial management and financial reporting in the subsidiary.

ROLE AND RESPONSIBILITIES
• Implement financial policies, processes and internal control to increase organizational financial effectiveness and control
• Effectively lead and oversee the finance function of the business.
• Head the improvement of the financial operations of the subsidiary.
• Responsible for organizational financial planning, budgeting, reporting and analysis.
• Liaise with the compliance department of the group to ensure that requisite targets are set and monitored.
• Development of short and long term strategic financial objectives that are in line with the group’s financial plan
• Ensure quality of subsidiary’s financial reports.
• Constant review of the expense, revenue and other components of the annual budget to determine the accurate financial position of the organization at all times and to recommend suitable actions.
• Provide executive management with advice on the financial implications of business activities.
• Maintain the accounting policies to support the banks’ operations
• Carry out all tasks as assigned by the Group Chief Financial Officer

KEY PERFORMANCE INDICATORS (KPIs)
• Prompt rendition of returns/reports
• Strict compliance with policies & procedures
• Financials – Achievement of PBT target
• Accuracy in preparation of financial statements
• Quality of reports
• Subsidiary fraud level
• Revenue assurance from Income leakages

JOB REQUIREMENTS EDUCATION REQUIREMENTS
• Minimum educational level — Tertiary qualification in Finance, Accounting or similar disciplines
• Advanced Education and/or Professional qualification – MBA, MSC, ACPA, CFP etc is required.

EXPERIENCES
• Minimum requisite experience – At least 8 years banking experience; 5 years in core Finance Department.

COMPETENCIES
Knowledge
• Advanced knowledge of Finance, Economics and Financial accounting and tax
• Financial Reporting, and analysis
• Business risk management
• Knowledge of Financial budgeting,
• Market awareness.
• Ability to analyze financial statements
• Comprehensive knowledge of regulatory pronouncements and subsidiary financial laws.

Skills/Competencies
• Written and oral communication skills
• Strong interpersonal skills, negotiation skills.
• Ability to prepare high quality reports.
• High level of integrity and dependability with a strong sense of urgency and results-orientation.
• Strong problem solving and creative skills and the ability to exercise sound judgment and make decisions based on accurate and timely analyses.
• Analytical and Investigation Skills; Auditing Skills
• Policy and Regulatory Interpretation skill.


Work Hours: 8

Experience in Months: 96

Level of Education: Bachelor Degree

Job application procedure
Qualified candidates MUST send their CV & Cover Letter attached with all academic certificates.
All applications MUST be sent electronically through:
Email: recruitment.tanzania@ubagroup.com 
Email subject: Chief Finance Officer : MAY, 2024
Deadline: 5th May 2024
Kindly note that, only shortlisted candidates will be contacted!

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