Summary

• Responsible for the Bank’s long-term financial performance and growth

• Establish strategies that maximize shareholder returns, oversee accounting operations, and produce accurate reports on resource allocations within the business

• Improve or change current practices to increase efficiency

• A key and integral member of the Country Management Committee providing analysis, insight, and advice by ensuring timely, accurate, and relevant financial information to support business monitoring and decision-making

• Overall responsibility for the Finance and Accounting functions – Regulatory, Management & Statutory Accounts 

• The CFO will collaborate with the Board of Directors and the Country Executive Committee to steer financial performance, ensure compliance, and shape the strategic direction

Responsibilities

• Plan, implement, and manage the overall financial strategy of the bank
• Constantly suggest ideas for improvement and process optimization to drive efficiency
• Oversee and manage the company’s financial accounting and reporting system
• Set targets for finance & accounting personnel and monitor their performance
• Coordinate Training, Coaching, and Professional Development for the team
• Design, Plan, Implement, and monitor internal control operations relevant to the finance and accounting function
• Adhere to Accounting, Tax & Financial Regulations and Guidelines
• Coordinate Compliance with Bank of Tanzania Reporting Regulations
• Prepare periodic reports on product/customer segment performance, regulatory returns, and statutory accounts
• Coordinate Statutory Audits
• Abide by Internal Policies, Procedures, and Standards
• Coordinate compliance with Tax Laws and Regulations
• Manage external stakeholders including Primary and Secondary Regulators
• Serve on the Board as an Executive Director of Finance
• Exercise central responsibility for the bank's management information systems. Ensure full compliance with Laws, Regulations, Policies, Procedures, and standards
• Drive the bank's financial performance as measured by Profitability and Shareholder Returns
• Operate as an effective collaborator on the Country Executive Committee – contributing beyond the Finance function to the overall success of the bank.
• Provide advice to the executive team on operating cost management, Project and investment Decisions, and pricing strategy for the bank’s products & services.
• Leverages digital technology when leading the finance function
• Develops frameworks and policies for all company financial investments.

Education and Qualifications

• Professional Accounting Certification as recognized by NBAA
• Experience in a risk function (Market Risk, Operational Risk) will be an added advantage

Requirements

• Senior Level Banking experience in Finance/ Accounting/Auditing function of not less than 10 years.

Characteristics

• Entrepreneurial and commercial thinking
• Relating and networking
• Adapting and responding to change
• Excellent diagnostic skills and rigorous approach to problem-solving
• Excellent communication and sound financial skills
• Excellent comprehension skills to understand and interpret industry data and economic trends
• Strong formal presentation skills to gain acceptance of solutions, both internally and externally
• Strong Leadership and team-working skills
• In-depth knowledge of international financial reporting standard
• Basic IT Knowledge

Reporting To

Managing Director