NMB Bank Job Vacancy – Head; Finance Reconciliation
Job Overview
NMB Bank Job Vacancy – Head; Finance Reconciliation
NMB Bank Job Vacancy – Head; Finance Reconciliation
Head; Finance Reconciliation
NMB Bank
Dar es Salaam
Job Location : Head Office, Hq
Job Purpose:
Provide leadership and direction to the reconciliation team and be responsible for the development and maintenance of the bank’s reconciliation system ensuring that it continually acquires and maintains a profitable business with minimum risk.
Main Responsibilities:
Strategic Focus
Support the Chief Finance Officer to manage the unit’s budgets for resources and ensure desired cost-effectiveness.
Oversee, coordinate, direct, and give guidance to the department and bank on all reconciliation activities.
Ensure that daily trend analytics and monitoring of the NMB’s balance sheet items is conducted and mishaps are identified, escalated as per approved matrix, and resolved.
Interact with both internal and external auditors when required and submit necessary statements.
Carry out analysis of processes, systems and internal controls and make recommendations for streamlining and improving them.
Provide critical input for technical accounting and policy guidelines on system implementation projects in bank accounts and the reporting of balances due from banks in the financial statements.
Represent the bank on reconciliation issues at internal/ external forums and be a role model in representing the bank’s good image.
Leadership and People Management Focus
Manage, plan, and monitor the work of the reconciliation staff, providing direction, and focus, motivating and coaching to maximize overall effectiveness of the Unit.
Develop, direct, and evaluate the department’s employees by using the bank’s systems to ensure that they are able and motivated to perform their job duties.
Manage the information flow in both directions (upwards and downwards).
Build, develop and lead “Winning Teams” through good guidance, training, and capacity building.
Be a Role Model in all aspects of Management to the direct reports and other team members within the network.
Create an empowering environment for the various teams in the reconciliation department encouraging ownership, initiative, and accountability.
Implement the bank’s performance management directives.
Ensure full compliance, provide oversight and monitor the implementation of various consumer protection requirements across business area/Unit.
Operations Focus
Interact with both internal and external auditors when required and submit necessary statements. Work in teams to achieve stated deliverables per audit engagement.
Support the Operational Risk department and other departments/branches by providing analytical reports and other crucial information in the process of maintaining quality books of accounts.
Monitor accounts data to ensure compliance with the bank’s financial rules and accounting policies, follow through on identified issues, and inform the management of any matters that affect the accuracy of the accounts.
Prepare the data for the Board of Auditors; respond verbally and in writing to audit queries from both Internal and External Auditors.
Provide advice to the HOD’s and /or EXCO, and other Account Owners or Reconcilers on matters relating to branch/head office accounts and reconciliations.
Oversee daily reconciliations of local clearing accounts and bankers’ payment cheque account, Visa, MasterCard and Union Pay accounts.
Liaise with Risk and Compliance departments to ensure policies and procedures pertaining to Global Reconciliation are appropriately implemented.
Review the closing of the journal entries by scrutinizing them, reconciling any discrepancies, and amending any errors to verify the validity and accuracy of the closing entries before submitting them to the accounts manager.
Knowledge and Skills:
- Excellent problem-solving skills including the ability to deal effectively with the majority of escalations to ensure resolution is obtained to the complete satisfaction of all parties involved.
- Understanding of the banking business, Card business and branch operations, and risks and controls.
- Good understanding of the banking financial accounting and ERP Systems, such as PeopleSoft, Oracle, or SAP with good knowledge of financial modules.
- Excellent computer skills, in MS Office applications.
- Strong Leadership skills
- Excellent Communication skills
- Managing Performance and Resources
- Strategic Planning and Vision
- Analytical Thinking
- Strategic Thinking
- Technological Awareness
- Planning and Organizing
Qualifications and Experience:
- Bachelor’s degree in Accounts, Finance, Business Administration, Banking, Economics or Commercial subjects with CPA (T) and ACCA.
- A Master’s degree is an added advantage.
- At least 10 years’ experience in the field of Accounting, Finance or External Auditing.
NMB Bank Plc is an Equal Opportunity Employer. We are committed to creating a diverse environment and achieving a gender balanced workforce.
Female candidates and people living with disabilities are strongly encouraged to apply for this position.
NMB Bank Plc does not charge any fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.
Only shortlisted candidates will be contacted.
Job opening date : 19-Mar-2024
Job closing date : 02-Apr-2024
How to apply:
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