Manager – Finance

Job Purpose:

• Reporting on the achievement of financial targets through effective revenue growth, risk, and cost management.
• Ensuring capital adequacy with the objective of maintaining optimal capital levels, balancing the cost of idle capital against the need for medium- and long-term business growth.
• Ensuring compliance with regulatory standards, checks, and controls.
• Understanding what resources are required to generate different types of assets, liabilities, and fee income.
• Evaluating the soundness of business propositions and opportunities.
• Providing information to support business decision-making and controls.
• Ensuring close coordination of the DTBT finance function with the Group Finance Team at DTBK.

Duties and Responsibilities:

• Manage balance sheet options, financial funding resources, and business risks through balance sheet management.
• Analyze and review business performance through balance sheet and income statements.
• Provide variance reporting of management accounts, interpreting financial performance changes.
• Ensure asset efficiency (ROA, ROE, ROI) aligns with market and group expectations.
• Develop and appraise business operating plans.
• Efficiently manage liquidity requirements, capital adequacy, and the cost of capital.
• Manage the annual statutory audit of the bank and report in line with group timelines.
• Coordinate with Bank of Tanzania (BOT), TRA, and external stakeholders for audits and examinations.
• Ensure proper execution of accounting functions including bank reconciliations, payroll, supplier payments, etc.
• Advise management on all finance-related matters and update them on IFRS changes.
• Coordinate and assist branches on finance-related matters.

Qualifications:

• University graduate with a mandatory professional certification (CPA, ACCA).
• Must be computer literate.

Experience:

• At least 5 years of banking experience, with at least 2 years in a senior managerial position.

Personal Attributes:

• A structured approach to dealing with complex work environments independently.
• Ability to balance long-term and short-term requirements independently.
• Strong financial analytical skills and evaluation capabilities.
• Leads by example and maintains good communication and reporting skills.
• Effectively manages large volumes of information, adding value through reporting.

Effort and Involvement:

• Prolonged periods of desk work and document review.
• Interaction, coordination, and supervision of subordinates with direct reporting relationships.

Key Performance Indicators:

• Maintain cost-to-income ratio within BOT directive of 55%.
• Review expiring contracts, negotiate better terms with vendors.
• Ensure all expenditures are within the budget.
• Provide timely and accurate MIS and statutory reports.
• Ensure timely payment of taxes, pension funds, and supplier invoices.

Performance Evaluation:

• Evaluations conducted in June and December.

Application Procedure:

If interested in the above position and meet the requirements indicated, send your application to recruitment2024@diamondtrust.co.tz

Deadline for receiving applications is 13th October, 2024.

NB: Successful candidates will be contacted within 14 days after the deadline of submission. DTB is an equal opportunity employer and DOES NOT charge for applications.