Reporting Line

MANAGER FINANCIAL REPORTING

Location

Tanzania Head Office

Department

DEPARTMENT OF FINANCE

Number of openings

1

Job Purpose

Ensure that Bank financial reports are prepared in accordance with all financial standards, i.e International Financial Reporting Standards (IFRS), Regulators guidelines/regulations, Bank policies, and other bank procedures.

Principle Responsibilities

• Preparation and review of monthly, quarterly, and annual trial balances, ensuring completeness, accuracy, and timely closure of financial records.
• Support the Preparation of the Bank’s and Group’s audited financial statements in full compliance with International Financial Reporting Standards (IFRS), regulatory requirements, and internal reporting policies.
• Coordination of internal and external audit activities, including timely provision of documentation, responses to audit queries, follow-up on audit recommendations, and resolution of audit findings.
• Support in the preparation of Quarterly Board and Management performance reports, including analysis of actual results against budget, forecasts, and prior-period performance for both the Bank and the Group.
• Ensuring compliance with IFRS 16 requirements, including maintenance of lease schedules, calculation of lease liabilities and right-of-use assets, and preparation of related disclosures.
• Ensuring proper amortization, recognition, and deferral of loan facility fees and transaction costs in accordance with IFRS 9 requirements.
• Ensuring compliance with IFRS 9 requirements relating to effective interest rate (EIR) calculations, interest income recognition, and accounting treatment of financial assets and liabilities.
• Management of non-earning assets and monthly, quarterly, and annual computation of Expected Credit Losses (ECL), including validation of assumptions, reconciliation of outputs, and posting of accounting entries in the core banking and general ledger systems.
• Preparation and posting of month-end and year-end journals, accruals, provisions, adjustments, and reclassification entries to ensure accurate financial reporting.
• Liaising with business units, subsidiaries, finance teams, and other stakeholders to ensure accurate capture of Group financial information and timely resolution of reporting issues.
• Ensuring completeness and accuracy of IFRS disclosures, notes to the financial statements, and supporting schedules.
• Assisting in the review of accounting manual.

Qualifications Required

• Bachelor’s degree in Accounting, Finance, Actuarial Science, Economics, Data Analytics, or a related field.
• Professional qualifications (e.g., CPA, ACCA) are an added advantage.
• Minimum of 3 years of experience in financial reporting, with strong knowledge and practical application of IFRS Accounting Standards.
• Strong knowledge of financial reporting and accounting principles, including report preparation and Trial Balance preparation.
• Knowledge of various accounting standards, including GAAPs and IFRS, as well as financial policies and procedures of the Banking Industry.
• Ability to work under pressure to meet tight deadlines, while being self-motivated and a good team player.
• Strong attention to detail and data accuracy, with a high level of integrity and accountability.
• Excellent communication and report-writing skills, with the ability to work across multiple teams and manage competing priorities.

• Preparation and review of monthly, quarterly, and annual trial balances, ensuring completeness, accuracy, and timely closure of financial records.
• Support the Preparation of the Bank’s and Group’s audited financial statements in full compliance with International Financial Reporting Standards (IFRS), regulatory requirements, and internal reporting policies.
• Coordination of internal and external audit activities, including timely provision of documentation, responses to audit queries, follow-up on audit recommendations, and resolution of audit findings.
• Support in the preparation of Quarterly Board and Management performance reports, including analysis of actual results against budget, forecasts, and prior-period performance for both the Bank and the Group.
• Ensuring compliance with IFRS 16 requirements, including maintenance of lease schedules, calculation of lease liabilities and right-of-use assets, and preparation of related disclosures.
• Ensuring proper amortization, recognition, and deferral of loan facility fees and transaction costs in accordance with IFRS 9 requirements.
• Ensuring compliance with IFRS 9 requirements relating to effective interest rate (EIR) calculations, interest income recognition, and accounting treatment of financial assets and liabilities.
• Management of non-earning assets and monthly, quarterly, and annual computation of Expected Credit Losses (ECL), including validation of assumptions, reconciliation of outputs, and posting of accounting entries in the core banking and general ledger systems.
• Preparation and posting of month-end and year-end journals, accruals, provisions, adjustments, and reclassification entries to ensure accurate financial reporting.
• Liaising with business units, subsidiaries, finance teams, and other stakeholders to ensure accurate capture of Group financial information and timely resolution of reporting issues.
• Ensuring completeness and accuracy of IFRS disclosures, notes to the financial statements, and supporting schedules.
• Assisting in the review of accounting manual.

• Strong knowledge of financial reporting and accounting principles, including report preparation and Trial Balance preparation.
• Knowledge of various accounting standards, including GAAPs and IFRS, as well as financial policies and procedures of the Banking Industry.
• Ability to work under pressure to meet tight deadlines, while being self-motivated and a good team player.
• Strong attention to detail and data accuracy, with a high level of integrity and accountability.
• Excellent communication and report-writing skills, with the ability to work across multiple teams and manage competing priorities.

• Bachelor’s degree in Accounting, Finance, Actuarial Science, Economics, Data Analytics, or a related field.
• Professional qualifications (e.g., CPA, ACCA) are an added advantage.