Manager – Finance at DTB Bank
Manager – Finance
DTB Bank
Job Purpose:
Reporting on the achievement of financial targets through effective revenue growth, risk, and cost management.
Ensuring capital adequacy with the objective of maintaining optimal capital levels, balancing the cost of idle capital against the need for medium- and long-term business growth.
Ensuring compliance with regulatory standards, checks, and controls.
Understanding what resources are required to generate different types of assets, liabilities, and fee income.
Evaluating the soundness of business propositions and opportunities.
Providing information to support business decision-making and controls.
Ensuring close coordination of the DTBT finance function with the Group Finance Team at DTBK.
Duties and Responsibilities:
Manage balance sheet options, financial funding resources, and business risks through balance sheet management.
Analyze and review business performance through balance sheet and income statements.
Provide variance reporting of management accounts, interpreting financial performance changes.
Ensure asset efficiency (ROA, ROE, ROI) aligns with market and group expectations.
Develop and appraise business operating plans.
Efficiently manage liquidity requirements, capital adequacy, and the cost of capital.
Manage the annual statutory audit of the bank and report in line with group timelines.
Coordinate with Bank of Tanzania (BOT), TRA, and external stakeholders for audits and examinations.
Ensure proper execution of accounting functions including bank reconciliations, payroll, supplier payments, etc.
Advise management on all finance-related matters and update them on IFRS changes.
Coordinate and assist branches on finance-related matters.
Qualifications:
University graduate with a mandatory professional certification (CPA, ACCA).
Must be computer literate.
Experience:
At least 5 years of banking experience, with at least 2 years in a senior managerial position.
Personal Attributes:
A structured approach to dealing with complex work environments independently.
Ability to balance long-term and short-term requirements independently.
Strong financial analytical skills and evaluation capabilities.
Leads by example and maintains good communication and reporting skills.
Effectively manages large volumes of information, adding value through reporting.
Effort and Involvement:
Prolonged periods of desk work and document review.
Interaction, coordination, and supervision of subordinates with direct reporting relationships.
Key Performance Indicators:
Maintain cost-to-income ratio within BOT directive of 55%.
Review expiring contracts, negotiate better terms with vendors.
Ensure all expenditures are within the budget.
Provide timely and accurate MIS and statutory reports.
Ensure timely payment of taxes, pension funds, and supplier invoices.
Performance Evaluation:
Evaluations conducted in June and December.
Application Procedure :
If interested in the above position and meet the requirements indicated, send your application to recruitment2024@diamondtrust.co.tz
Deadline for receiving applications is 13 th October, 2024.