Job Title: Finance Manager
Location: Dar Es Salaam
Deadline: 20th Jan 2014
Start Date: Jan 12, 2014
Global Careers Company
Job Description
JOB TITLE: Manager Finance
DEPARTMENT: Finance
REPORTS TO: CFO
Main purpose of the job
The Manager Finance has an important function to balance two key areas of the business, complying with legal, tax, and regulatory requirements whilst providing advice on the efficient allocation of resources. These will be delivered through:
• Reporting on the achievement of financial targets through effective revenue growth, risk and cost management
• Ensuring capital adequacy with the objective of ensuring optimal capital levels are maintained, balancing the cost of idle capital against the requirement to ensure funding for medium and long term business growth.
• Ensuring compliance with regulatory standards, checks and controls.
• Understanding what resources are required to generate which types of assets, liabilities and fee income
• Evaluation of the soundness of business propositions and opportunities
• Evaluation and management of information to support business decision making and controls
• Ensuring close coordination of the country finance function with the Group GM Finance
Key responsibilities
Balance and structure of the in-country financial funding options, resources, and risks of the business through balance sheet management
Analysis of business performance and Income statement
Analysis and interpretation of in-country changes in financial performance through timely variance reporting and management
Ensure asset efficiency (ROA, ROE, ROI) is aligned with market and Group expectations
Regional escalation of analysis, management reporting and authorization requirements as per levels of authority
Local support, coordination, and management of the delivery of business plans and management of operational variances with speed and efficiency.
The management and monitoring of in-country cash balances for effective optimization
Evaluation and prioritization of in-country capital expenditure (CapEx) and strategic investments as per limits within level of authority.
Assist in the development and appraisal of business operating plans
The efficient management of liquidity requirements, capital adequacy requirements and the cost of capital
Ensure adequate management information systems are in place to facilitate communication and decision making
Manage annual statutory audit of entity to completion and ensure timely reporting of draft and cleared financials statements, in line with group reporting timetable.
To have overall responsibility for the proper and timely execution of various accounting related functions of x, including bank reconciliations, payroll processing, fixed assets management, supplier payments, monitoring of accounting processes, etc
Key performance measures
All financial reporting is referred to the reporting periods of Year/Month/Week as defined by the Group Finance Head
Analysis and interpretation of key ratios
On-time delivery of management information to Group Head
On-time identification of significant variances in revenue and costs and reporting both in-country and to the Group
Return on assets
Return on Equity
Earning assets/total assets
Risk adjusted return on capital
Interest income/average assets
Non-interest income/average assets
Non- interest income/ Operating income
Actual Vs Plan variance analysis
Income tax expense
Non-interest income
Interest expense
Cost of funds
Net interest margin
Asset loss rate
NPL ratio
Credit/ Deposit ratio
Operating efficiency
Cost/income ratio
Nostro account balance
Vostro account balance
Suspense account balance
Unreconciled accounts
Securities and Treasury
Cash assets
Successful arbitration, on a controlled basis, for justifying and prioritizing capital expenditure
Regulatory compliance
Tax status of entity
Important relationships
Job is both internally and externally focussed, requiring that the individual be highly adaptable
The job requires relationships be built across the organisation, regionally and in-country, at senior level. Networking relationships will include treasury and liability management functions.
The jobholder will report to the CFO on a regular basis. The incumbent will also regularly liaise with the Group Finance Head on all matters of a strategic nature as well as for performance reporting. All regional and cross country forums will require participation to ensure teambuilding and sharing of best practice across the organisation.
The jobholder will develop relationships with Legal advisors and Central Banks.
The jobholder will have responsibility for all direct reports in-country.
Knowledge, experience and personal competencies
Knowledge
University graduate with a professional CPA qualification.
Candidate must be computer literate
Experience
A minimum of 10-15 years post-qualification accounting experience, with 5 years in a senior managerial position preferably in a banking environment.
Demonstrated leadership skills with good command of oral and written knowledge of English.
Personal competencies
A structured approach to dealing with complex and variable work environments in an independent manner.
Ability to balance opposing business requirements.
Ability to balance long term and short term requirements independently
Strong evaluation, communication and reporting skills
Able to provide advice and cause/effect evaluation to support business decision making
Independent and logical thinker, yet an achiever and implementer
Leads by example
Good at managing large volumes of information and can add value through management reporting
If you meet the requirement for the above kindly send kindly send your cv to hrtanzania@globalcareerscompany.net
Application Instructions:
Only qualified candidates will be contacted
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