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 DTBT finance function with the Group Finance Team at DTBK.

1. Balance and structure of DTBT financial funding options, resources, and risks of the business through balance sheet management.
2. Analysis and review of business performance through balance sheet and Income statement.
3. Analysis and interpretation of the bank’s changes in financial performance through timely variance reporting of management accounts.
4. Ensure asset efficiency (ROA, ROE, ROI) is aligned with market and Group expectations.
5. Escalation of analysis, management reporting and authorization requirements as per levels of authority.
6. Assist in the development and appraisal of business operating plans.
7. The efficient management of liquidity requirements, capital adequacy requirements and the cost of capital.
8. Manage annual statutory audit of the bank to completion and ensure timely reporting of draft and cleared financial statements, in line with group reporting timetable.
9. Manage Bank of Tanzania on and off-site examination from time to time.
10. Manage TRA audit from time to time.
11. To have overall responsibility for the proper and timely execution of various accounting-related functions of DTBT, including bank reconciliations, payroll processing, fixed assets management, supplier payments, monitoring of accounting processes, etc.
12. Advise management on all finance-related matters.
13. Update management on key changes in the International Financial Reporting Standards (IFRS) from time to time to be adopted by the bank.
14. Coordinate and assist the branches in all finance-related matters.

• University graduate with a mandatory professional certification (CPA, ACCA).
• Computer literate.

At least 5 years of banking experience, with at least 2 years in a senior managerial position.

• A structured approach to dealing with complex and variable work environments in an independent manner.
• Ability to balance long-term and short-term requirements independently.
• Strong financial analytical skills.
• 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.

• Requires a prolonged period of sitting at desk and working on a computer and reviewing documents.
• Requires interaction, coordination, and supervision of subordinates with direct reporting relationship.

• Perform indoor duties.
• Meet/engagement with internal and external stakeholders.

Budget & Cost Control

1. To maintain cost-to-income ratio within BOT directive of 55%.
2. To review all expiring contracts and negotiate better prices/rates from vendors/service providers in coordination with procurement.
3. Ensure the Bank is not paying extra money for any purchase by ensuring that there are always 3 quotes from different vendors.
4. Ensure all expenditures are within the budget.

Enhance Internal Controls

1. Maintain good relationships with Government agencies and other stakeholders including Group (DTBK), BOT, TRA, NIDA, NSSF, Auditors, Tax Managers, etc.
2. Minimize risk of fraud which leads the bank to suffer losses and ensure compliance with all regulatory requirements.
3. Ensure the monthly financial reports are prepared in compliance with IFRS.

Improve Financial Performance

1. Ensure that Financial reports are shared on time (monthly, quarterly, annually).
2. Develop timely & accurate reports for management decisions.

Performance will be evaluated by the Chief Finance Officer based on the quality of work, contribution to the department’s goals, and overall performance against set objectives.

If interested in the above position and meet the requirements indicated, send your application to [email protected].

Deadline for receiving applications is 13 ^th October, 2024.