Financial Analyst
2025-06-16T20:10:52+00:00
NBC
https://cdn.greattanzaniajobs.com/jsjobsdata/data/employer/comp_5916/logo/NBC.jpegg
https://www.nbc.co.tz/en/personal/
FULL_TIME
Head Office NBC
Dar es Salaam
00000
Tanzania
Banking
Accounting & Finance
2025-06-29T17:00:00+00:00
Tanzania
8
Job Summary
To support the delivery of robust financial management and standardized general ledger accounting and maintenance processes through enhanced financial control environment within the Bank.
Job Description
Key Accountabilities
Financial Accounting and Reporting
- In consultation with Head of Financial Reporting & Tax ensure accounting entries are accounted for in line with International Accounting and Reporting Standards.
- Provide advice on accounting treatment of new products while ensuring adherence to the standard processes and procedures according to International Financial Reporting Standard (IFRS), Tax and Local regulatory frameworks (BOT, TIB, TBA and NBAA.
- Obtain relevant financial data from the Flex cube and SAP systems.
- Prepare pertinent and financial reports and analysis for review by Head of Financial Reporting.
- Own and drive all International Financial Reporting standards (IFRs) projects. Such as IFRS 16, IFRS 9 etc.
- Perform reconciliation of modal outputs such as Impairment numbers, IFRS 9, IFRS 16 , Share base etc. before posting.
- Act as GL controller, by performing daily T/B review for unusual and significant movements and provide commentaries on the same.
- Perform GL recons for all allocated accounts.
- Review trends in consolidated information to formulate a view on relevance, accuracy and consistency of data
- Ensure accurate Financials Segmentation for both Balance Sheet and Income Statement.
- Participate in sourcing process by attending negotiation meeting for spending below PTC threshold and constructively check and challenge the quoted prices to ensure the bank obtains value for money.
- Actively participate in month end activities to ensure set Group and local reporting timelines are met.
- Support group reporting as required by providing supplementary information such as specified commentaries or reports.
- Ensuring daily review of all manual journals to ensure proper accounting entries depending on the nature of the transaction and recommend for approval before posting.
- Daily review of various payment request and recommend for approval before payment.
- Collaborate with Head of Financial Reporting and Tax Manager on tax related matters to ensure the delivery of unit objectives.
- Ensure correct accounting treatment of all new products rolled out in NBC through NAPA.
- Be aware of and up to date with all financial and commmercial issues affecting the business.
- Ensure an effective filing system is maintained for proper audit trail
- Adhere to the standard processes and procedures according to International Financial Reporting Standard (IFRS), Tax and regulatory issues
- In collaboration with Head of Financial Reporting, act as a custodian of charts of accounts.
- Collaborate with colleagues in other units to support audits both internal and statutory audits.
Role / Person Specification
Education and Experience Required
- Degree in Accounting or Finance
- Professional accounting qualification such as CPA (T) or ACCA or CA
- Finance professional with 3+ years’ experience in Finance world, business partnering capabilities and controls & compliance culture.
- Effective communicator, both 1:1 and 1 to many, in verbal and written forms
- Past Demonstration on results achievement and drive change
- Strong analytical skills- ability to absorb and instil simplicity
- Strong MS Excel skills, power points and other Microsoft applications
- Fluent in English
Knowledge & Skills: (Maximum of 6) Competencies: (Maximum of 8 competencies)
- Deciding and initiating action
- Learning and researching
- Entrepreneurial and commercial thinking
- Adapting and responding to change
- Persuading and influencing
- Creating and innovating
- Excellent diagnostic skills and rigorous approach to problem solving
- Excellent communication skills at all levels
- Excellent comprehension skills to understand and interpret industry data and economic trends
- Sound financial skills
- Strong formal presentation skills to gain acceptance to solutions, both internally and externally
- Strong team-working skills
- Negotiation and presentation skills
Qualifications
Analytical Thinking – Basic (Meets all of the requirements), Digital familiarity (Meets some of the requirements and would need further development), Enabling team success (Meets some of the requirements and would need further development), Ethics and values (Meets all of the requirements), Financial Accounting (Meets all of the requirements), Financial Experience, Higher Diplomas – Financial Sciences, Openness to change (Meets some of the requirements and would need further development), Quality orientation (Meets all of the requirements)
Financial Accounting and Reporting In consultation with Head of Financial Reporting & Tax ensure accounting entries are accounted for in line with International Accounting and Reporting Standards. Provide advice on accounting treatment of new products while ensuring adherence to the standard processes and procedures according to International Financial Reporting Standard (IFRS), Tax and Local regulatory frameworks (BOT, TIB, TBA and NBAA. Obtain relevant financial data from the Flex cube and SAP systems. Prepare pertinent and financial reports and analysis for review by Head of Financial Reporting. Own and drive all International Financial Reporting standards (IFRs) projects. Such as IFRS 16, IFRS 9 etc. Perform reconciliation of modal outputs such as Impairment numbers, IFRS 9, IFRS 16 , Share base etc. before posting. Act as GL controller, by performing daily T/B review for unusual and significant movements and provide commentaries on the same. Perform GL recons for all allocated accounts. Review trends in consolidated information to formulate a view on relevance, accuracy and consistency of data Ensure accurate Financials Segmentation for both Balance Sheet and Income Statement. Participate in sourcing process by attending negotiation meeting for spending below PTC threshold and constructively check and challenge the quoted prices to ensure the bank obtains value for money. Actively participate in month end activities to ensure set Group and local reporting timelines are met. Support group reporting as required by providing supplementary information such as specified commentaries or reports. Ensuring daily review of all manual journals to ensure proper accounting entries depending on the nature of the transaction and recommend for approval before posting. Daily review of various payment request and recommend for approval before payment. Collaborate with Head of Financial Reporting and Tax Manager on tax related matters to ensure the delivery of unit objectives. Ensure correct accounting treatment of all new products rolled out in NBC through NAPA. Be aware of and up to date with all financial and commmercial issues affecting the business. Ensure an effective filing system is maintained for proper audit trail Adhere to the standard processes and procedures according to International Financial Reporting Standard (IFRS), Tax and regulatory issues In collaboration with Head of Financial Reporting, act as a custodian of charts of accounts. Collaborate with colleagues in other units to support audits both internal and statutory audits
Deciding and initiating action Learning and researching Entrepreneurial and commercial thinking Adapting and responding to change Persuading and influencing Creating and innovating Excellent diagnostic skills and rigorous approach to problem solving Excellent communication skills at all levels Excellent comprehension skills to understand and interpret industry data and economic trends Sound financial skills Strong formal presentation skills to gain acceptance to solutions, both internally and externally Strong team-working skills Negotiation and presentation skills
Degree in Accounting or Finance Professional accounting qualification such as CPA (T) or ACCA or CA Finance professional with 3+ years’ experience in Finance world, business partnering capabilities and controls & compliance culture. Effective communicator, both 1:1 and 1 to many, in verbal and written forms Past Demonstration on results achievement and drive change Strong analytical skills- ability to absorb and instil simplicity Strong MS Excel skills, power points and other Microsoft applications Fluent in English
JOB-68507a4c23cd4
Vacancy title:
Financial Analyst
[Type: FULL_TIME, Industry: Banking, Category: Accounting & Finance]
Jobs at:
NBC
Deadline of this Job:
Sunday, June 29 2025
Duty Station:
Head Office NBC | Dar es Salaam | Tanzania
Summary
Date Posted: Monday, June 16 2025, Base Salary: Not Disclosed
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JOB DETAILS:
Job Summary
To support the delivery of robust financial management and standardized general ledger accounting and maintenance processes through enhanced financial control environment within the Bank.
Job Description
Key Accountabilities
Financial Accounting and Reporting
- In consultation with Head of Financial Reporting & Tax ensure accounting entries are accounted for in line with International Accounting and Reporting Standards.
- Provide advice on accounting treatment of new products while ensuring adherence to the standard processes and procedures according to International Financial Reporting Standard (IFRS), Tax and Local regulatory frameworks (BOT, TIB, TBA and NBAA.
- Obtain relevant financial data from the Flex cube and SAP systems.
- Prepare pertinent and financial reports and analysis for review by Head of Financial Reporting.
- Own and drive all International Financial Reporting standards (IFRs) projects. Such as IFRS 16, IFRS 9 etc.
- Perform reconciliation of modal outputs such as Impairment numbers, IFRS 9, IFRS 16 , Share base etc. before posting.
- Act as GL controller, by performing daily T/B review for unusual and significant movements and provide commentaries on the same.
- Perform GL recons for all allocated accounts.
- Review trends in consolidated information to formulate a view on relevance, accuracy and consistency of data
- Ensure accurate Financials Segmentation for both Balance Sheet and Income Statement.
- Participate in sourcing process by attending negotiation meeting for spending below PTC threshold and constructively check and challenge the quoted prices to ensure the bank obtains value for money.
- Actively participate in month end activities to ensure set Group and local reporting timelines are met.
- Support group reporting as required by providing supplementary information such as specified commentaries or reports.
- Ensuring daily review of all manual journals to ensure proper accounting entries depending on the nature of the transaction and recommend for approval before posting.
- Daily review of various payment request and recommend for approval before payment.
- Collaborate with Head of Financial Reporting and Tax Manager on tax related matters to ensure the delivery of unit objectives.
- Ensure correct accounting treatment of all new products rolled out in NBC through NAPA.
- Be aware of and up to date with all financial and commmercial issues affecting the business.
- Ensure an effective filing system is maintained for proper audit trail
- Adhere to the standard processes and procedures according to International Financial Reporting Standard (IFRS), Tax and regulatory issues
- In collaboration with Head of Financial Reporting, act as a custodian of charts of accounts.
- Collaborate with colleagues in other units to support audits both internal and statutory audits.
Role / Person Specification
Education and Experience Required
- Degree in Accounting or Finance
- Professional accounting qualification such as CPA (T) or ACCA or CA
- Finance professional with 3+ years’ experience in Finance world, business partnering capabilities and controls & compliance culture.
- Effective communicator, both 1:1 and 1 to many, in verbal and written forms
- Past Demonstration on results achievement and drive change
- Strong analytical skills- ability to absorb and instil simplicity
- Strong MS Excel skills, power points and other Microsoft applications
- Fluent in English
Knowledge & Skills: (Maximum of 6) Competencies: (Maximum of 8 competencies)
- Deciding and initiating action
- Learning and researching
- Entrepreneurial and commercial thinking
- Adapting and responding to change
- Persuading and influencing
- Creating and innovating
- Excellent diagnostic skills and rigorous approach to problem solving
- Excellent communication skills at all levels
- Excellent comprehension skills to understand and interpret industry data and economic trends
- Sound financial skills
- Strong formal presentation skills to gain acceptance to solutions, both internally and externally
- Strong team-working skills
- Negotiation and presentation skills
Qualifications
Analytical Thinking – Basic (Meets all of the requirements), Digital familiarity (Meets some of the requirements and would need further development), Enabling team success (Meets some of the requirements and would need further development), Ethics and values (Meets all of the requirements), Financial Accounting (Meets all of the requirements), Financial Experience, Higher Diplomas – Financial Sciences, Openness to change (Meets some of the requirements and would need further development), Quality orientation (Meets all of the requirements)
Work Hours: 8
Experience in Months: 36
Level of Education: bachelor degree
Job application procedure
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