Senior Finance & Accounts Officer at TADB

Full Time October 16, 2023 Finance Jobs

Job Overview

Dar es Salaam

Tanzania Agricultural Development Bank (TADB)

NATURE AND SCOPE:

To ensure the financial stability, profitability, and regulatory compliance of the bank,
while enhancing shareholder value and customer satisfaction. This includes tasks such as
budgeting, forecasting, general ledger governance, taxation, fixed assets management,
and reporting, with the aim of optimizing financial activities. Key Responsibilities

KEY RESPONSIBILITIES:

Budgeting:

To develop and implement effective budgeting processes, to ensure alignment with the
bank’s strategic objectives.
To gather relevant financial data for budget creation from different heads of department.
To monitor budget performance, identify variances, and provide recommendations for
corrective actions.
To review and update budgeting methodologies to improve accuracy and efficiency.

Forecasting:

To conduct comprehensive financial analysis to forecast future trends, revenues, and
expenses.
To utilize forecasting models and techniques to identify potential risks and opportunities.
To gather relevant data and insights for accurate forecasting from different departments.
To prepare and present financial forecasts to management, highlighting key findings and
recommendations.

General Ledger Governance:

To ensure the accuracy, integrity, and compliance of the general ledger and financial
records.
To oversee the month-end and year-end closing processes, including journal entries and
reconciliations.
To develop and enforce accounting policies and procedures to maintain robust internal
controls.
To implement necessary recommendations from auditors during financial audits.

Taxation:

To ensure compliance and minimize tax liabilities staying updated on tax regulations and
legislation.
To prepare and submit timely and accurate tax returns, including income tax, sales tax, and
payroll tax.
To optimize tax planning strategies and identify potential savings from external tax advisors.
To provide guidance and support to internal stakeholders on tax-related matters.

Fixed Assets Management:

To establish and maintain a comprehensive fixed assets register, recording acquisitions,
disposals, and depreciation.
To conduct regular physical asset verification to ensure accuracy and compliance with
accounting standards.
To monitor and analyze fixed assets utilization, performance, and maintenance costs.
To develop and implement asset management policies and procedures with relevant
departments.

Reporting:

To prepare regular financial reports, including income statements, balance sheets, and cash
flow statements.
To analyze financial data and present key findings to management, supporting decisionmaking processes.
To develop customized financial reports to meet specific internal and external reporting
requirements.
To ensure compliance with regulatory reporting standards and provide accurate and timely
submissions

Functional/Technical Competencies

Ability to interpret accounting standards and Central Bank policies, financial regulations and
implement them within bank’s strategic plan and operations.
Ability to apply relevant banking operations, procedures and controls to ensure that bank
is not put at risk.
Ability to analyze and interpret data.

QUALIFICATIONS, KNOWLEDGE, EXPERIENCE

A Bachelor’s degree in Accounting, Finance, Banking, commerce, or related business
subjects, from any recognized University or its equivalent qualifications
Having a professional qualifications such as CPA and ACCA will be an added advantage.
A minimum of three (3) years working experience in a commercial bank or financial
institution.
Strong analytical and Interpersonal skills.
Ability to work in tight deadlines without compromising accuracy.
Knowledge of the bank’s financial reporting process and IFRS.
Excel to Advanced Level and conversant with other Microsoft office applications such as
Word & PowerPoint.
Knowledge of regulatory reporting and Bank of Tanzania (BOT) policies and guidelines.
Good communication and writing skills

MODE OF APPLICATION AND CLOSING DATE:

Job applicants are required to apply for this employment opportunity through; the TADB
career portal: https://www.tadb.co.tz/careers/ send their application through the
email: careers@tadb.co.tz indicating the position applied for on the email subject.

Please note: applicants are required to attach the following to their respective
applications:

Application letter showing how you meet the requirements of the position
An up-to-date Curriculum Vitae
Contacts stating name in full, physical address, telephone numbers, and e-mail addresses
of the candidate
Certified copies of relevant certificates
Names and full contacts of three (3) referees

TADB is an equal opportunity employer. The Bank does not engage in practices that
discriminate against any person employed or seeking employment.

TADB fosters the strength and health of its workforce through a competitive benefits
package, professional development, and policies and programs that support a healthy
work/life balance.

Closing date:

Applications should reach the undersigned no later than 4.00 pm on 19th October
2023

Only shortlisted candidate will be contacted.

CLICK HERE TO APPLY