Job Description
Locations: Head
Office NBC
time type: Full time
job requisition id: R-15928203
NBC is the oldest serving bank in Tanzania with over five
decades of experience. We offer a range of retail, business, corporate and
investment banking, wealth management products and services.
Job Summary
To deliver robust financial management and standardized
general ledger accounting and maintenance processes through enhanced financial
control environment within the Bank.
To prepare financial reports for the bank for submission to the Management and
Group
Work with tax manager, to deliver and ensure statutory tax compliance for NBC
and provide tax advice where appropriate.
To plan, manage and monitor the implementation of tax related activities and
processes in order to deliver operational plans in an effective and efficient
manner.
Job Description
Overall Job Purpose
- To
deliver robust financial management and standardized general ledger
accounting and maintenance processes through enhanced financial control
environment within the Bank.
- To
prepare financial reports for the bank for submission to the Management
and Group
- Work
with tax manager, to deliver and ensure statutory tax compliance for NBC
and provide tax advice where appropriate.
- To
plan, manage and monitor the implementation of tax related activities and
processes in order to deliver operational plans in an effective and
efficient manner.
Key Accountabilities
Accountability:
- Ensure
accounting entries are accounted for in line with International Accounting
and Reporting Standards.
- Provide
advice on accounting treatment of new products and structures, and follow
up all outstanding inter-company reconciliation/eliminations items
- Ensure
proper monitoring and reconciliation of recharges.
- Ensure
zero overdue audit issues and failed issues assurance
- Deliver
improved governance through risk management, controls and compliance
- Ensure
Bank reputation with external stakeholders such as regulators, auditors
and tax is protected
- Ensure
proper accounting for all taxes and prepare regular updates to
management and board
- Attend
to all TRA tax audits and investigations
- Manage
periodic reconciliation of accounts and resolution of audit queries.
- Perform
robust review, challenge and comparison of all financial numbers to
expectations.
- Obtain
relevant financial data from the Flexcube system.
- Prepare
pertinent and financial reports and analysis for review by Financial
Controller
- Collation
of commentary and explanations on significant trends and movements.
- Preparation
of monthly management accounts for FC and Chief Financial Officer’s
approval.
- Establish
all sources of revenue in the bank and ensure that they are properly
prepared by randomly tracking the accounts to assess if the necessary
information is captured correctly.
- Manage
all month-end revenues accounting; both manual and system generated
revenues and ensure that the revenues are recorded from the point of
origination to the trial balance.
- Recognize
revenue accurately and establish revenue leakage by ensuring that the
revenue streams pass through the necessary controls until they reach the
trial balance without leakage.
- Review
and present monthly revenue variance analysis by explaining each variance
with reasons / justifications.
- Construct
/ restructure the revenue reporting process flow to ensure nil error in
revenue reporting and no oversight /spike in reporting. Identify weakness
in the current methods of reporting, and suggest alternatives that are
more efficient.
- Create
quarterly and monthly plans to ensure delivery for the year and manage
departmental budgets including signing off of invoices and quotes within
mandate.
- Escalate
out of budgets or items higher than approved mandate to the next level
manager and rigorously monitor expenditure against approve budgets and put
measures in place to address variances.
- Continuously
identify areas for improved efficiency and reduced cost.
- Conduct
basic statistical analysis to track performance variances and determine
the root causes of errors. Make recommendations for productivity or
process enhancements to process owners.
- Participate
in the measurement and reporting of internal and external Service Level
Agreements on a monthly basis.
- In
collaboration with Manager -tax, interpreting annual tax audit reports and
preparation of relevant responses.
- Monthly
Computation of the tax and filling of tax returns of the bank.
- Preparation
of audited financial statements of the bank according to IFRS (International
Financial Reporting Standards)
- To
ensure all taxes, fees and levies are accurate, timely and comply with tax
laws in Tanzania.
- Own
and drive all International Financial Reporting standards (IFRs) projects.
Such as IFRS 16, IFRS 9 etc.
- Strategically
plan reporting cycle.
- Interaction
with BOT, Internal and External Audit.
- Perfom
Impairment recon for Corporate and Retail
- Financials
Segmentation
- Reconciliation
for OTT Journals and maintenance of register for Audit purposes.
- Strengthen
deadlines from group.
- Reconciliation
for SAP and Flex GL
- Explanation
for the difference on Income Statement and Balance Sheet split.
- Effect
of monthly provision and journalising it.
- Ensure
house accounts are well prepared. House accounts include a set of
recurring assets and liabilities grouped together, for example the bank's
sundry creditors.
- Ensure
reconciliation process runs correct and smoothly by obtaining relevant
supporting documents.
- TM1
compatible
- Running
TM! tables mapping.
Role / Person
Specification
Education and
Experience Required
- Degree
in Accounting or Finance
- Professional
accounting qualification such as CPA (T) or ACCA or CA
- Seasoned
Finance professional with 5+ years’ experience in Finance with, business
partnering capabilities and controls & compliance culture.
- Effective
communicator, both 1:1 and 1 to many, in verbal and written forms
- Past
Demonstration on results achievement and drive change
- Strong
analytical skills- ability to absorb and instil simplicity
- Strong
MS Excel skills, power points and other Microsoft applications
- Fluent
in English
Knowledge & Skills: (Maximum of 6)Competencies:
(Maximum of 8 competencies)
- Deciding
and initiating action
- Learning
and researching
- Entrepreneurial
and commercial thinking
- Adapting
and responding to change
- Persuading
and influencing
- Creating
and innovating
- Excellent
diagnostic skills and rigorous approach to problem solving
- Excellent
communication skills at all levels
- Excellent
comprehension skills to understand and interpret industry data and
economic trends
- Sound
financial skills
- Strong
formal presentation skills to gain acceptance to solutions, both
internally and externally
- Strong
team-working skills
- Negotiation
and presentation skills
Qualifications
Analytical Thinking - Basic (Meets all of the requirements),
Bachelor`s Degrees and Advanced Diplomas - Financial Sciences, Digital
familiarity (Meets some of the requirements and would need further
development), Enabling team success (Meets some of the requirements and would
need further development), Ethics and values (Meets all of the requirements),
Financial Accounting (Meets all of the requirements), Financial Experience,
Openness to change (Meets some of the requirements and would need further development),
Quality orientation (Meets all of the requirements)
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