NBC is the oldest serving bank in Tanzania with over five decades of experience. We offer a range of retail, business, corporate and investment banking, wealth management products and services.
\nJob Summary
\nTo drive the delivery of robust financial management and standardized general ledger accounting and maintenance processes through enhanced financial control environment within the Bank.
\nWork with tax manager, to deliver and ensure statutory tax compliance for NBC and provide tax advice where appropriate.
\nTo plan, manage and monitor the implementation of tax related activities and processes to deliver operational plans in an effective and efficient manner.
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\nJob Description\u200b
\nKey Accountabilities:\u00a0<\/p>\n
Key liaison and stakeholder manager on financial accounting and reporting matters.
\nEnsure accounting entries are accounted for in line with International Accounting and Reporting Standards.
\nProvide 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).
\nEnsure Bank reputation with external stakeholders such as regulators, auditors and tax is protected
\nLiase with the Tax Manager to ensure proper accounting for all taxes and prepare regular updates to management and board
\nAttend to all TRA tax audits and investigations in collaboration with Tax Manager
\nIn collaboration with reconciliation team, manage periodic reconciliation of accounts and resolution of audit queries.
\nObtain relevant financial data from the Flexcube and SAP systems.
\nPrepare pertinent and financial reports and analysis for review by Financial Controller
\nCollation of commentary and explanations on significant trends and movements.
\nEstablish all sources of revenue in the bank and ensure that they are properly accounted for by randomly tracking the accounts to assess if the necessary information is captured correctly.
\nManage all month-end revenues accounting; both manual and system generated revenues and ensure that the revenues are recorded from the point of origination to the trial balance.
\nRecognize revenue accurately and establish revenue leakage by ensuring that the revenue streams pass through the necessary controls until they reach the trial balance without leakage.
\nContinuously identify areas for improved efficiency and reduced cost.
\nIn collaboration with Manager -tax, interpreting annual tax audit reports and preparation of relevant responses.
\nMonthly Computation of the tax and filling of tax returns of the bank.
\nPreparation of audited financial statements of the bank according to IFRS (International Financial Reporting Standards) in liaison with Regulatory Reporting Manager.
\nLiase with Manager tax, to ensure all taxes, fees and levies are accurate, timely and comply with tax laws in Tanzania.
\nOwn and drive all International Financial Reporting standards (IFRs) projects. Such as IFRS 16, IFRS 9 etc.
\nStrategically plan reporting cycle to ensure compliance with set Group and local reporting deadline.
\nPerform Impairment recon for Corporate and Retail
\nEnsure accurate Financials Segmentation for both Balance Sheet and Income Statement.
\nEnsure daily reconciliation for SAP and Flex T\/B after daily file upload and ensure explanation for the differences are provided.
\n\u00a0Act as a custodian of charts of accounts by ensuring the following<\/p>\n
\u00a0Proper maintenance of charts of accounts through opening and closing of G\/Ls in the core banking system.
\nEnsuring correct G\/L mapping per product in the Core banking system.
\nEnsure correct mapping between SAP and Flex cube G\/Ls, products, cost Centre etc,
\nEnsure daily file interface process between Core banking system and SAP is up and running.<\/p>\n
Support periodic reports, data and system management e.g. TMI
\nPeople Management<\/p>\n
Manage a team of subordinates reporting to you to ensure effective delivery of tasks assigned
\nSupport the line manager for the area to develop a high performing team by conducting periodic operational performance discussion and assisting employees to prepare portfolio of evidence for formal performance development discussions.
\nCoach and mentor team members daily on how to improve their own productivity and use of the bank\u2019s processes and systems.
\nBased on training plans agreed with the line manager, monitor team members to ensure that planned training is undertaken.
\nEstablish and maintain a succession plan for the team.
\nEnsure review leave plans is in place for line manager to adjust the plans if required.
\nIdentify employees that are not meeting short term productivity or control targets and make to the line manager to place employees on the Performance Accelarator Programme.
\nExecute EOS (Employees Opinion Survey) action items as agreed based feedback by people function.<\/p>\n
Any other task as assigned by line manager depending on operational requirements.<\/p>\n
Qualifications
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\nAnalytical Thinking \u2013 Basic (Meets all of the requirements), Bachelor`s Degrees and Advanced Diplomas \u2013 Financial Sciences, 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, Openness to change (Meets some of the requirements and would need further development), Quality orientation (Meets all of the requirements)
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