Finance Manager

JOB TITLE:               Manager Finance

 

DEPARTMENT:       Finance

 

REPORTS TO:           CFO

 

Main purpose of the job

 

The Manager Finance has an important function to balance two key areas of the business, complying with legal, tax, and regulatory requirements whilst providing advice on the efficient allocation of resources. These will be delivered through:

 

•        Reporting on the achievement of financial targets through effective revenue growth, risk and cost management

•        Ensuring capital adequacy with the objective of ensuring optimal capital levels are maintained, balancing the cost of idle capital against the requirement to ensure funding for medium and long term business growth.

•        Ensuring compliance with regulatory standards, checks and controls.

•        Understanding what resources are required to generate which types of assets, liabilities and fee income

•        Evaluation of the soundness of business propositions and opportunities

•        Evaluation and management of information to support business decision making and controls

•        Ensuring close coordination of the country finance function with the Group GM Finance

 

Key responsibilities

 

Balance and structure of the in-country financial funding options, resources, and risks of the business through balance sheet management

Analysis of business performance and Income statement

Analysis and interpretation of in-country changes in financial performance through timely variance reporting and management

Ensure asset efficiency (ROA, ROE, ROI) is aligned with market and Group expectations

Regional escalation of analysis, management reporting and authorization requirements as per levels of authority

Local support, coordination, and management of the delivery of business plans and management of operational variances with speed and efficiency.

The management and monitoring of in-country cash balances for effective optimization

Evaluation and prioritization of in-country capital expenditure (CapEx) and strategic investments as per limits within level of authority.

Assist in the development and appraisal of business operating plans

The efficient management of liquidity requirements, capital adequacy requirements and the cost of capital

Ensure adequate management information systems are in place to facilitate communication and decision making

Manage annual statutory audit of entity to completion and ensure timely reporting of draft and cleared financials statements, in line with group reporting timetable.

To have overall responsibility for the proper and timely execution of various accounting related functions of x, including bank reconciliations, payroll processing, fixed assets management, supplier payments, monitoring of accounting processes, etc

 

Key performance measures

 

All financial reporting is referred to the reporting periods of Year/Month/Week as defined by the Group Finance Head

Analysis and interpretation of key ratios

On-time delivery of management information to Group Head

On-time identification of significant variances in revenue and costs and reporting both in-country and to the Group

Return on assets

Return on Equity

Earning assets/total assets

Risk adjusted return on capital

Interest income/average assets

Non-interest income/average assets

Non- interest income/ Operating income

Actual Vs Plan variance analysis

Income tax expense

Non-interest income

Interest expense

Cost of funds

Net interest margin

Asset loss rate

NPL ratio

Credit/ Deposit ratio

Operating efficiency

Cost/income ratio

Nostro account balance

Vostro account balance

Suspense account balance

Unreconciled accounts

Securities and Treasury

Cash assets

Successful arbitration, on a controlled basis, for justifying and prioritizing capital expenditure

Regulatory compliance

Tax status of entity

Important relationships

 

Job is both internally and externally focussed, requiring that the individual be highly adaptable

The job requires relationships be built across the organisation, regionally and in-country, at senior level. Networking relationships will include treasury and liability management functions.

The jobholder will report to the CFO on a regular basis. The incumbent will also regularly liaise with the Group Finance Head on all matters of a strategic nature as well as for performance reporting. All regional and cross country forums will require participation to ensure teambuilding and sharing of best practice across the organisation.

The jobholder will develop relationships with Legal advisors and Central Banks.

The jobholder will have responsibility for all direct reports in-country.

 

 

Knowledge, experience and personal competencies

 

Knowledge

 

University graduate with a professional CPA qualification.

Candidate must be computer literate

 

Experience

 

A minimum of 10-15 years post-qualification accounting experience, with 5 years in a senior managerial position preferably in a banking environment.

Demonstrated leadership skills with good command of oral and written knowledge of English.

 

Personal competencies

 

A structured approach to dealing with complex and variable work environments in an independent manner.

Ability to balance opposing business requirements.

Ability to balance long term and short term requirements independently

Strong evaluation, communication and reporting skills

Able to provide advice and cause/effect evaluation to support business decision making

Independent and logical thinker, yet an achiever and implementer

Leads by example

Good at managing large volumes of information and can add value through management reporting

If you meet the requirement for the above kindly send kindly send your cv to hrtanzania@globalcareerscompany.net