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
1. Balance and structure of the in-country financial funding options, resources, and risks of the business through balance sheet management
2. Analysis of business performance and Income statement
3. Analysis and interpretation of in-country changes in financial performance through timely variance reporting and management
4. Ensure asset efficiency (ROA, ROE, ROI) is aligned with market and Group expectations
5. Regional escalation of analysis, management reporting and authorization requirements as per levels of authority
6. Local support, coordination, and management of the delivery of business plans and management of operational variances with speed and efficiency.
7. The management and monitoring of in-country cash balances for effective optimization
8. Evaluation and prioritization of in-country capital expenditure (CapEx) and strategic investments as per limits within level of authority.
9. Assist in the development and appraisal of business operating plans
10. The efficient management of liquidity requirements, capital adequacy requirements and the cost of capital
11. Ensure adequate management information systems are in place to facilitate communication and decision making
12. Manage annual statutory audit of entity to completion and ensure timely reporting of draft and cleared financials statements, in line with group reporting timetable.
13. To have overall responsibility for the proper and timely execution of various accounting related functions , 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
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
1. Balance and structure of the in-country financial funding options, resources, and risks of the business through balance sheet management
2. Analysis of business performance and Income statement
3. Analysis and interpretation of in-country changes in financial performance through timely variance reporting and management
4. Ensure asset efficiency (ROA, ROE, ROI) is aligned with market and Group expectations
5. Regional escalation of analysis, management reporting and authorization requirements as per levels of authority
6. Local support, coordination, and management of the delivery of business plans and management of operational variances with speed and efficiency.
7. The management and monitoring of in-country cash balances for effective optimization
8. Evaluation and prioritization of in-country capital expenditure (CapEx) and strategic investments as per limits within level of authority.
9. Assist in the development and appraisal of business operating plans
10. The efficient management of liquidity requirements, capital adequacy requirements and the cost of capital
11. Ensure adequate management information systems are in place to facilitate communication and decision making
12. Manage annual statutory audit of entity to completion and ensure timely reporting of draft and cleared financials statements, in line with group reporting timetable.
13. To have overall responsibility for the proper and timely execution of various accounting related functions , 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
1. Suitable candidates should send their cv to the following email address hrtanzania@globalcareeerscompany.net
3. Only shortlisted candidates will be contacted
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