NMB Bank Head - Finance & Reporting Jobs in Tanzania

NMB Bank Head - Finance & Reporting Jobs in Tanzania

Job Purpose

  • To ensure financial control, cost management, recording, and reporting of the bank’s financial position and safe custody of all funds and assets of the bank.

    Main Responsibilities

    • Manage the departmental budget to ensure that expenditure is in line with the plan.

    • Manage and optimize the overall bank’s operating expenses.

    • Manage and ensure timely and accurate reporting to the regulator.

    • Manage negotiations with key suppliers and ensure that payments to suppliers are made in line with the contractual terms.

    • Manage fixed assets of the bank.

    • Develop the financial and operating expenses policies of the bank and update the same regularly.

    • Manage the requirements of internal and external auditors in order to ensure a full and rigorous audit of NMB accounts and take action to implement recommendations.

    • Attend to BOT examiners in order to conduct effective examination of the bank.

    • Liaise with tax consultants in order to ensure thorough corporate tax assessment.

    • Ensure remediation of control issues raised by the external auditors, internal auditors and regulators.

    • Ensure that risk and control self-assessments are performed within the department in line with the relevant policies.

    • Manage a system of accounts for banking transactions in order to enable accurate and timely reporting on the financial performance of bank operations.

    • Manage a system of accounts for goods and services in order to enable accurate and timely reporting of NMB expenditure on goods and services.

    • Manage a system of financial accounting that
    ensures accurate and timely reporting of the NMB financial position to management, the Board and Bank of Tanzania.

    • Engage with various stakeholders including cost owners to ensure that costs are well managed and provide timely, accurate, and complete reports.

    • Engage with external stakeholders where necessary.

    • Ensure that staff understand the context of their roles in relation to the department and NMB’s strategy.

    • Manage the performance of all staff in the Finance department including contracting, reviewing, and appraising performance.

    • Assess and monitor training and development needs of the staff.

    • Ensure that staff have the resources they require to perform their work.

    • Engage with staff to assess and report on the level of staff engagement.

    • Identify and retain talent within the department.

    Knowledge and Skills

    • Business understanding of financial control, regulatory requirements, Financial Reporting Standards, and the application of Bank’s loan products, policies and procedures.

    • Technical: Financial management and reporting, understanding of Procurement systems and Standard computer applications (Excel, Word and Access),

    • Behavioral: Building a successful team and developing others, Excellent communication and interpersonal skills, Customer Focus, Formal Presentation, Strong business acumen and leadership.

    Qualifications and Experience

    • Bachelor’s degree or equivalent in Accounting, Auditing, Business Administration, Economics, Finance; Post-graduate qualifications will be an added advantage.

    • Professional Qualifications (CPA or ACCA).

    • Not less than 10 years’ experience in Finance Control and Reporting.

  • Experience in Months: 120

  • Level of Education: Bachelor Degree.

    How to Apply

  • For more information and job application details, see; NMB Bank Head - Finance & Reporting Jobs in Tanzania

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