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8 Oct 2024

Manager – Finance at DTB Bank

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Job Description

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.
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Method of Application

This is Full-time Job, If interested in the above position and meet the requirements indicated, send your application to [email protected]

Deadline for receiving applications is 13 th 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.


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