Head of Finance and Administration Job at Kilimanjaro Co-operative Bank Limited

Head of Finance and Administration Job at Kilimanjaro Co-operative Bank Limited… See details on how to apply for the opportunities available at Kilimanjaro Co-operative Bank Limited.

Descriptions;

Responsibilities:

• Engage with other members of the senior management to develop, finance and implement Bank growth initiatives and objectives including new offerings.
• Ensure the delivery of effective financial decision-making – support to the business and its management and oversees the development and execution of an effective financial strategy to achieve optimal returns on investment.
• Provide strategic financial management and leadership support across the Bank, in line with the overall corporate strategy.
• Develop, update and implement finance and tax strategies, policies and processes.
• Initiate and coordinate the formulation of business plans and annual budgets and monitor progress towards achievement.
• Provide advice on liquidity, investment, interest rates policies and financial assets management.
• Develop and implement sound accounting framework in compliance with statutory provisions both for industry regulators and tax authorities
• Review and contribute to the enhancement of the financial policy and procedures for the Bank to ensure that this is aligned with current business and statutory requirements.
• Review all unit reports and related processes and procedures to ensure sound quality control and recommend appropriate interventions in line with policy.
• Prepare financial analysis to ensure actual performance; changes of key economic indicators and other market information are communicated to business units timely in order to manage variations.
• Supervise, verify and submit prepared statutory reports to regulators to ensure compliance to prudential guidelines and procedures.
• Oversee the preparation and communication of monthly, quarterly and annual financial accounts to both internal and external stakeholders
• Review and monitor reports on in house bank accounts to ensure correctness of the transactions booking and classification of the same to comply with the Financial policy and procedures.
• Develop and implement reconciliation procedures to ensure the timely detection of errors and irregularities in bank’s accounts and correction taken in line with the financial policy and procedures.
• Supervise, verify and approve reversal and settlements transaction files before posted to the Core Banking system to ensure correctness and timely settlement as per approved policy and procedures.
• Manage the performance of subordinate staff, develop, and implement training and development plans to ensure their performance is aligned with business goals and objectives.
• Liaise with all stakeholders for example, clients, government institutions, the BOT and other financial institutions to ensure that the Banks interests are properly represented and safeguarded.
• Prepare and review financial policy and procedures for the bank to ensure that it is aligned with accepted accounting principles and regulatory bodies.

Education:

• Holder of Master Degree from any recognized University and relevant professional qualifications (CPA/ACCA).
• Minimum of 5 Years’ working experience in the field of banking, finance, administration and accounting with 3 years at managerial level.

How to Apply

Interested candidates who meet the above criteria should submit an Application Letter accompanied with copies of certified academic transcript, certificates and with a detailed up to date CV with two work related referees addressed to:

Managing Director,

Kilimanjaro Co-operative Bank Ltd,

P.O Box 1760

MOSHI. KILIMANJARO.

Please, note:

Applications should be hand delivered to the Bank offices in MOSHI or emailed through: [email protected]

Shortlisted candidates should be ready for online and oral interview.

“Kilimanjaro Co-operative Bank Ltd is an Equal Opportunity Employer”.

Application deadline: 25th January 2022.