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Chief Financial Officer

Job Description

Job Title:     Chief Financial Officer

Reports To: Chief Executive Officer

Client:         Banking Institution                 

Location:    Tanzania

Salary:       Competitive Package/Salary

Job Purpose:

The job holder is responsible for all the bank’s financial and fiscal operating results utilizing generally accepted accounting principles. The job holder is also responsible for development and implementation of a financial strategic plan that will maximize income, while minimizing risk in order to achieve the strategic objectives of the bank.

Key Responsibilities:

  • Prepare, present and interpret financial reports to senior management and the Board
  • Advise senior management and the Board on fiscal control and profitability. Adhere to tax laws and regulatory requirements to properly reflect the financial position of the bank
  • Work to protect the vital assets of the company, ensure compliance with financial regulations, close the books correctly, and communicate value and risk issues to investors and Board
  • Operate an efficient and effective finance organization providing a variety of services to the business such as financial planning and analysis, treasury, tax, and other finance operations
  • Strategic balance sheet and capital planning partly based on a regular dialogue with government and institutions like pension funds
  • Take a leading role impacting the economic landscape of the country through ongoing conversations with the relevant players in the field including other leading financial and government institutions
  • Work with other departments in the bank to ensure maximum investment returns are met with cost minimized; while managing investor relations
  • Collate, prepare and interpret reports, budgets, accounts, commentaries and financial statements and reports
  • Ensure asset management policy and register are available, and up to date
  • Manage the Finance, Business and Data Analytics teams (50 staff), hierarchically and functionally, supporting the individuals in their professional development. Reach the results through the teams executing the finance strategy and plan, including timely and accurate reporting, forecasting, reconciling

Attributes:

  • Impeccable integrity
  • Analytical skills
  • Sound understanding of the international framework related to risk and compliance (BASEL II, III, IFRS 9, ICAAP) and its application to a specific organization
  • Passion for strategic balance sheet management and capital planning in the Bank including networking with the country’s leading individuals impacting the economic landscape

Key competences:

  • Inspirational Leadership: getting people to follow you
  • Influence: persuading and influencing internal and external stakeholders
  • Execution: achieving results through others, leading team, peers etc.

Qualifications and experience:

  • Accounting certification e.g. CPA, ACCA or equivalent
  • A valid member of accounting professional body
  • Master’s degree in Finance or related field gained from a recognized university is an added advantage
  • Post graduate qualifications in banking is an added advantage
  • 15+ years’ experience in an innovative financial services or telecoms environment, 5 years at senior management level
  • Proven track record in financial services, telecoms or a leading audit firm

 This position is open to Tanzanian nationals both at home and abroad only.             

 

 
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