Senior Finance & Accounts Officer Job at TADB

RESPONSIBILITIES:

Budgeting:

• To develop and implement effective budgeting processes, to ensure alignment with the bank’s strategic objectives.
• To gather relevant financial data for budget creation from different heads of department.
• To monitor budget performance, identify variances, and provide recommendations for corrective actions.
• To review and update budgeting methodologies to improve accuracy and efficiency.

Fixed Assets Management:

• To establish and maintain a comprehensive fixed assets register, recording acquisitions, disposals, and depreciation.
• To conduct regular physical asset verification to ensure accuracy and compliance with accounting standards.
• To monitor and analyze fixed assets utilization, performance, and maintenance costs.
• To develop and implement asset management policies and procedures with relevant departments.

Forecasting:

• To conduct comprehensive financial analysis to forecast future trends, revenues, and expenses.
• To utilize forecasting models and techniques to identify potential risks and opportunities.

⁹ To gather relevant data and insights for accurate forecasting from different departments.

• To prepare and present financial forecasts to management, highlighting key findings and recommendations.

General Ledger Governance:

• To ensure the accuracy, integrity, and compliance of the general ledger and financial records.
• To oversee the month-end and year-end dosing processes, including journal entries and reconciliations.
• To develop and enforce accounting policies and procedures to maintain robust internal controls.
• To implement necessary recommendations from auditors during financial audits.

Taxation:

• To ensure compliance and minimize tax liabilities staying updated on tax regulations and legislation.
• To prepare and submit timely and accurate tax returns, including income tax, sales tax, and payroll tax.
• To optimize tax planning strategies and identify potential savings from external tax advisors.
• To provide guidance and support to internal stakeholders on tax-related matters.

Reporting:

• To prepare regular financial reports, including income statements, balance sheets, andcash flow statements.

⁹ To analyze financial data and present key findings to management, supporting decision-making processes.

• To develop customized financial reports to meet specific internal and external reporting requirements.

⁹ To ensure compliance with regulatory reporting standards and provide accurate and timely submissions.

FUNCTIONAL/TECHNICAL COMPETENCIES:

⁹ Ability to interpret accounting standards and Central Bank policies, financial regulations and implement them within bank’s strategic plan and operations.

• Ability to apply relevant banking operations, procedures and controls to ensure that bank is not put at risk.
• Ability to analyze and interpret data.

QUALIFICATIONS, KNOWLEDGE, EXPERIENCE:

• A Bachelor’s degree in Accounting, Finance, Banking, commerce, or related business subjects, from any recognized University or its equivalent qualifications
• Having a professional qualifications such as CPA and ACCA will be an added advantage.
• A minimum of three (3) years working experience in a commercial bank or financial institution.
• Strong analytical and interpersonal skills.

⁹ Ability to work in tight deadlines without compromising accuracy.

• Knowledge of the bank’s financial reporting process and IFRS.
• Excel to Advanced Level and conversant with other Microsoft office applications such as Word & PowerPoint.
• Knowledge of regulatory reporting and Bank of Tanzania (BOT) policies and guidelines.
• Good communication and writing skills