Head of Finance job at Bank of Africa

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Job Category: Accounting/ Finance
Job Type: Full-Time
Deadline of this Job:  08 October 2021
Duty Station:  Dar es Salaam
Posted: 29-09-2021
Job Description

Vacancy title:
Head of Finance

[ Type: FULL TIME , Industry: Banking , Category: Management ]

Jobs at:

Bank of Africa

Deadline of this Job:
08 October 2021  

Duty Station:
Within Tanzania , Dar es Salaam , East Africa

Date Posted: Wednesday, September 29, 2021 , Base Salary: Not Disclosed

Head of Finance
Location: Head Office Reporting to Managing Director

Summary of Responsibilities:
Manage the Bank’s Finance function in accordance with the established professional standards, policies and procedures and give a general strategic and operational guidance on all financial matters of the bank to continuously improve the financial Position of the bank.

Scope of Duties:
• Coordinating the planning and preparation of the bank’s strategic business plan.
• Develop, cascade and monitor the implementation of financial strategy and work plans/Activity plans aligned to the overall bank strategy.
• Develop performance measures that support the bank’s strategic direction and champion the achievement of revenue targets on interest income and off-balance sheet earnings through continuous monitoring of business performance and profitability performance mechanisms in line with the bank ‘s overall strategy.
• Provide strategic support and directives to various business offices within the bank during Audits by regulatory authorities/external Auditors. Review the findings and recommendations made by the internal & external auditors and drive adherence to internal and external policies to meet compliance requirements of the bank and regulatory authorities.
• Oversight of compliance with corporate and country financial reporting practices.
• Prepare, present and interpret financial reports to Management, Board of Directors, shareholders and to direct and supervise preparation of all financial reporting.
• Managing communications with the bank’s Executive Committee, the Board of Directors, and other stakeholders on financial matters.
• Oversight of the bank’s financial transaction recording process In line with generally accepted accounting principles
• Development, improvement and oversight of revenue and expenditure consistency checks and balances that promote performance management
• Management of cost benefit analyses on investment and financing proposal
• Participation in credit risk and market risk management processes
• Provision of tax planning and compliance expertise
• Overall development of the Finance function within the bank and adaptation to needs of changing environment with process improvements.
• Train, motivate and manage performance of the finance team to enhance staff productivity thorough daily supervision of the team’s activities, feedback and provision of leadership in line with the policies
• Any other duties as assigned by the Managing Director of the Bank.

Academic/Professional Qualifications:
• A degree in Accounting, Finance and/ or Business
• Full qualification in a professional accounting course – ACCA or CPA
• Solid computer competency in Microsoft Excel Spreadsheets, Word, and PowerPoint, knowledge of accounting packages desired.
• Minimum of five years of post-qualification experience two of which should be at senior management level
• Must be a person of integrity, proactive, a quick thinker, analytical and ready to adhere to the highest professional standards
• Fluency in oral and written English is required, knowledge of French is added advantage.
• Excellent presentation skills

Competence Requirements:
• Strong strategic and conceptual skills
• Leadership and team management skills
• Customer centricity
• Solid business acumen and financia I skills
• Strong analytical and problem solving skills
• Solid planning and project management skills
• Enterprise risk management skills
• Strong decision-making, conflict resolution and problem solving skills
• Supplier relations and negotiation skills
• Networking skills, tact and diplomacy; with ability to influence key people inside and outside the Bank
• Very strong presentation skills, verbal and written communication skills
• Team player with strong interpersonal skills and the ability to build internal and external networks
• Ability to work under pressure, and exercise excellent judgment

Work Hours: 8

Experience in Months: 60

Level of Education:
Bachelor Degree

Job application procedure
All applications and copies of certificates should be submitted to Human Resources department by end of 08th October 2021 through;
P.O Box 3054
Or through email: [email protected]  

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