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
\nLatest job postings
\nUnderstand and challenge business performance including driving the cost optimization both on an entity and on a functional basis, via highly effective performance management information and supporting key business decisions through providing detailed analysis of the financial implications to improve the segment and overall bank returns
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\nJob Description\u200b
\nLatest job postings
\nAccountability:\u00a0 Support Function Partner \u2013 Productivity and Cost Management \u2013 40%<\/p>\n
Drive the productivity and cost management agenda for the bank across the functions including IT, Sourcing, projects and other areas to improve efficiency.
\nReview, analyze and track business cases for cost spend to ensure desired \/ committed returns are realized
\nDrive automation of cost analytical reviews \/ insights dashboards for each cost center and business to identify areas where the bank can optimize.
\nReview the bank\u2019s cost allocation methodology to always ensure it is reflective of the cost driving units.
\nManage the business performance reporting of costs both operating and capital to support delivery of financial targets.
\nCarry out regular communications with the various business function on issues relating to costs, business performance and financial targets, provide commentary & improvement initiatives such as cost saving initiatives.
\nSupport the check and challenge of Group recharges, to ensure that we receive value added services at the right cost
\nReview and update cost allocation drivers at segments and branch level to ensure they are reflective of the cost support provided
\nProvide the various functions with information required to enhance the business strategy
\nSupport the preparation of cost segmental reports in conjunction with the Finance Business Partners.
\nSupport the RAF, MTP & STP process by providing analytical drivers and processes of the cost plans
\nPreparation of ALCO, Board, MBR, CMC inputs that relate to the various functional costs
\nCarry out Revenue Assurance on a monthly to ensure income leakage is managed on the assigned Business income channels.
\nAnalyze and provide a detailed functional cost including actual achievements against STP\/RAF targets.
\nTo challenge plans to commit costs, identifying areas for cost efficiency and managing the delivery of benefits
\nCoordinate with Group finance by providing monthly analysis of Bank costs against STP targets at a functional level.<\/p>\n
Accountability: Business Partnership \u2013 20%<\/p>\n
To understand the key drivers of income and develop and report financial and other performance measures required by local management to monitor profitability of major products and of individual functions
\nDrive automation of various performance reports \/ inputs to aide business decisions
\nTo monitor actual performance of business against target, analyze variances, both on entity and on a functional basis,
\nTo provide country & functional management information to function heads, including commentaries on variances to ensure business functions are accountable for their performance
\nTo respond to routine and ad hoc information requests from Finance Management\/Function heads regarding business performance
\nTo work on scenarios to produce reports that enable the quantification of impact of changes in economic variables (interest, exchange, inflation) on our performance
\nTo support the business in the production of specific technical elements of management accounts including Regulatory & Statutory Reporting.
\nTo help produce the financial business case for investment projects in NBC and to monitor benefits by gathering data and calculating costs, benefits and returns
\nUndertake key elements of strategic management activity, involving the identification of how value is created, destroyed and driven in the function
\nSupport management in identifying areas of opportunities, threats, risks & challenges within banking & competitor environment, by providing both financial & non-financial information
\nParticipate\/challenge on FTP, cost allocation and cost apportionment process and methodologies to ensure a fair distribution of economic benefits & costs across functions
\nProvide to functional heads performance data and all MI requirements which will help them to analyze trends, and support them in driving business performance
\nMonitor the Returns by advising on efficient utilization of RWAs
\nManage the STP\/MTP and strategy setting for the bank<\/p>\n
Accountability:\u00a0 Stakeholder Management \u2013 20%<\/p>\n
Ensure effective and excellent communication and working relationships with colleagues in the department, the bank, group, and external auditors.
\nAttend meetings and engage with Senior managers and other staff in the bank to facilitate understanding of cost and business performance
\nManage queries from external stakeholders that relate to costs and performance<\/p>\n
Accountability:\u00a0\u00a0Risk Management control and Compliance \u2013 10%<\/p>\n
Understand the appropriate policies & standards applicable to role.
\nUnderstand and manage risks and risk events (incidents) which are faced in the role thereby contributing to the adherence to the Risk and Control Framework.
\nEnsure that practices and controls required by policies are communicated to all relevant colleagues
\nEnsure that independent oversight, on a proactive basis takes place of the risk performance (including related control effectiveness) principal risks.
\nMaintaining procedures to monitor compliance with policies and any controls required by them<\/p>\n
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\nAccountability:\u00a0 Team Leadership\/Contribution \u2013 10%<\/p>\n
Provide honest, direct and constructive feedback to fellow team members.
\nShare knowledge experience and best practice with team members and other Finance colleagues
\nManage the provision of training and support to the finance team and other areas of the bank to build knowledge and capacity around accounting standards and practices.
\nProactive engage members of the bank\u2019s senior leadership team committed to achieving success and providing support for colleagues.
\nPursue your own personal development to increase job effectiveness<\/p>\n
Latest job postings
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\nPreferred<\/p>\n
University degree preferably in accounting and\/or Finance Experience \/ Actuarial Science
\nProfessional qualification in Accounting such as ACCA or CPA, will be an added advantage.
\nStakeholder \/ customer relationship management experience
\n5 years technical experience in Analytics or similar role<\/p>\n
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Competencies: (Maximum of 8 competencies)<\/p>\n
Planning and organisation skills
\nAbility to think creatively and identify innovative solutions
\nExcellent comprehension skills to understand and interpret financial data and economic trends.
\nStrong ability to view issues from a risk & control perspective
\nHighly numeric\/strong analytical and problem-solving skills
\nAbility to work well under pressure, working accurately with attention to detail, and meeting deadlines
\nUp to date knowledge of all applicable tax laws and some considerable understanding of accounting technical issues (International Accounting Standards\/IFRS, etc.)
\nDemonstrated ability to maintain and enhance relationships with external stakeholders and staff to achieve work goals.<\/p>\n
Technical Skills<\/p>\n
Detailed understanding of business and key drivers for improvement of returns
\nStrong Computer skills and other Analytical tools \u2013 Excel, TM1, SAP, Power BI, SAS, Tableau, SQL, Python (added advance)
\nComprehensive understanding of product set and services of Corporate, SME, Treasury and Retail portfolios
\nDetailed understanding of customer segmentation and service principles
\nGood knowledge of commercial\/retail and competitor environment
\nAn appreciation of the external economic, political, legal and regulatory environment and their impact to the business.<\/p>\n
Qualifications
\nBachelor`s Degrees and Advanced Diplomas \u2013 Business, Commerce and Management Studies, Digital familiarity (Meets some of the requirements and would need further development), Experience in a similar environment at junior specialist level, Management information systems (Meets all of the requirements), Openness to change (Meets some of the requirements and would need further development), Personal mastery (Meets all of the requirements), Reasoning (Meets all of the requirements)
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