Financial Control Officer at Selcom Microfinance Bank

Financial Control Officer at Selcom Microfinance Bank

Financial Control Officer

Selcom Microfinance Bank Tanzania

Job Purpose

The primary role of the Financial Control Officer is to provide detailed financial analysis on key business areas to offer trend and highlights to all stakeholders. The officer will be involved in the development of the bank’s financial performance to comply with various regulatory requirements, including the Cost to Income Ratio (CIR). The position also ensures the bank’s procurement process adheres to existing policy at all times, reviews key operational areas to reduce costs and improve financial performance, and takes a lead in supporting the Chief Accountant in organizing and coordinating the tendering process and the bank’s budgetary process.

Duties and Responsibilities

• Reporting: Timely preparation of monthly and quarterly reports, including Branch Performance,
• Departmental, OPEX, Industrial Analysis, Shareholder, and NPL reports. The officer will also provide support for the preparation of detailed Board slides and presentations for quarterly Board meetings, including in-depth data analysis.
• Cost and Revenue Management: Conduct periodic reviews of operational costs and revenue, tracking the validity of all operational costs against the budget. This includes reviewing operational cost trends and identifying revenue leakages from fees and commissions.
• Procurement: Actively participate in the bank’s procurement process, ensuring compliance with internal policy and the tendering process. This involves coordinating and organizing tender openings, preparing and coordinating the tender evaluation committee, and pre-authorizing suppliers.
• Budgeting: Coordinate the bank’s annual budget process, compiling departmental budgets into a master budget file and sharing drafts with the Chief Accountant for review. The role ensures all inputs from different departments are collected and compiled in budget templates.
• Collaboration: On a monthly basis, liaise with the Risk and Compliance department to review the IFRS 9 ECL Model Impairment sheet before it is incorporated into the monthly Management Accounts. The officer will also collaborate with other departments to ensure budgets are adhered to in an efficient manner, guiding budget holders as needed.
• Expenditure Review: Review all expenditure requests from the administration department before they are sent for management approval, confirming the budget line and the necessity of the cost.
• Teamwork: Build and maintain strong relationships with department teammates, demonstrating due respect.

Requirements

• Bachelor’s degree in Accounting, Finance, Business Administration, or another relevant discipline.
• Holding or pursuing a CPA/ACCA is considered an added advantage.
• A minimum of three years of work experience in a relevant field.
• Advanced knowledge of Excel or having analytical skills in Excel and PowerPoint is an added advantage.
• Candidates should be bold, possess strong reasoning skills, and be eager to learn.

How to Apply

Interested candidates should send their letter and CV to: [email protected]

Deadline: The deadline for applications is August 12, 2025.