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KILIMANJARO CO-OPERATIVE BANK LTD
JOB VACANCY
Kilimanjaro
Co-operative Bank Limited (KCBL) is the only Co-operative Bank in the
country, Headquartered in Moshi – Kilimanjaro, is fully-fledged Bank
owned by Co-operatives and private business entities. The
Bank is ambitiously reorganizing its business model and implementing
growth strategy to widen nationwide outreach and network expansion to
support Co-operative movement agenda and mass-market financial inclusion
for Co-operatives, retail and SMES across the country.
To deliver
its strategic agenda and lasting customer experience, the BANK is
seeking to recruit professional, competent and experienced Tanzanian to
grow their careers and fill vacant positions of Head of Finance and
Administration (HFA) in the Department of Finance at KCBL Moshi
Kilimanjaro
JOB PURPOSE:
Oversee the development and
execution of an effective financial strategy to achieve optimal return
on investment and to safeguard bank assets by ensuring correctness and
completeness of banking transactions, proper accrual of incomes from
investments in accordance with bank policies and procedures.
KEY RESPONSIBILITIES:
- Engage
with other members of the senior management to develop, finance and
implement Bank growth initiatives and objectives including new
offerings. - Ensure the delivery of effective financial
decision-making – support to the business and its management and
oversees the development and execution of an effective financial
strategy to achieve optimal returns on investment. - Provide strategic financial management and leadership support across the Bank, in line with the overall corporate strategy.
- Develop, update and implement finance and tax strategies, policies and processes.
- Initiate and coordinate the formulation of business plans and annual budgets and monitor progress towards achievement.
- Provide advice on liquidity, investment, interest rates policies and financial assets management.
- Develop
and implement sound accounting framework in compliance with statutory
provisions both for industry regulators and tax authorities - Review
and contribute to the enhancement of the financial policy and
procedures for the Bank to ensure that this is aligned with current
business and statutory requirements. - Review, develop, monitor
and control the budget for the unit and monitor the budget of the
department to ensure budgets are aligned with the business plan and
expenses are controlled within agreed limits. - Liaise with all
stakeholders for example, clients, government institutions, the Bank of
Tanzania and other financial institutions to ensure that the Banks
interests are properly represented and safeguarded. - Review all
unit reports and related processes and procedures to ensure sound
quality control and recommend appropriate interventions in line with
policy. - Prepare financial analysis to ensure actual performance;
changes of key economic indicators and other market information are
communicated to business units timely in order to manage variations. - Supervise,
verify and submit prepared statutory reports to regulators to ensure
compliance to prudential guidelines and procedures. - Oversee the
preparation and communication of monthly, quarterly and annual
financial accounts to both internal and external stakeholders - Review
and monitor reports on in house bank accounts to ensure correctness of
the transactions booking and classification of the same to comply with
the Financial policy and procedures. - Develop and implement
reconciliation procedures to ensure the timely detection of errors and
irregularities in bank’s accounts and correction taken in line with the
financial policy and procedures. - Supervise, verify and approve
reversal and settlements transaction files before posted to the Core
Banking system to ensure correctness and timely settlement as per
approved policy and procedures. - Manage the performance of
subordinate staff, develop, and implement training and development plans
to ensure their performance is aligned with business goals and
objectives. - Liaise with all stakeholders for example, clients,
government institutions, the BOT and other financial institutions to
ensure that the Banks interests are properly represented and
safeguarded. - Review all unit reports and related processes and
procedures to ensure sound quality control and recommend appropriate
interventions in line with policy. - Prepare financial analysis to
ensure actual performance; changes of key economic indicators and other
market information are communicated to business units timely in order
to manage variations. - Supervise, verify and submit prepared
statutory reports to regulators to ensure compliance to prudential
guidelines and procedures. - Oversee the preparation and
communication of monthly, quarterly and annual financial accounts to
both internal and external stakeholders - Review, consolidate,
monitor and control the budget for the bank to ensure it is aligned with
the corporate business plan and expenses are controlled within agreed
limits and recommend re-allocation / supplementary to achieve corporate
goals and objectives. - Develop and implement payment procedures
to ensure payments and transfers, detection of errors and irregularities
in the payment instructions and correction thereof are effected in line
with the financial policy and procedures. - Supervise, verify and
approve bank payments and settlements transaction files before posted
to the system to ensure correctness and settlement as per approved
policy and procedures. - Prepare and review financial policy and
procedures for the bank to ensure that it is aligned with accepted
accounting principles and regulatory bodies. - Coordinate and
supervise periodic audit process with internal and external auditors to
ensure that the exercises are performed in accordance with procedures
and regulations. - Prepare interim and annual financial reports in
accordance with International Financial Reporting Standards to ensure
that the management, regulators and the public obtain financial
performance of the bank as per policy and procedures. - Monitor
and supervise the bank assets register to ensure that assets are
classified, amortized in line with bank policy and procedures. - Review
annual tax returns from consultants to ensure that they are properly
computed and filed in accordance with the inland tax legislation and
business strategy. - Manage and supervise daily departmental
accounting entries to ensure that the transactions are properly booked
in accordance to generally accepted accounting principle - Provide
accounting technical support to business units to ensure reported
issues/complaints are addressed or corrected timely in accordance with
service level agreement.
OTHER RESPONSIBILITIES:
- Any other responsibilities under Finance and Administration as may be assigned by the Managing Director from time to time.
EDUCATION, EXPERIENCE, KNOWLEDGE SKILLS & COMPETENCIES
Education
- Holder of Master Degree from any recognized University and relevant professional qualifications (CPA/ACCA).
Experience
- Minimum
of 5 Years’ working experience in the field of banking, finance,
administration and accounting with 3 years at managerial level.
Knowledge and skills required
- Finance & Accounting
- Procurement
- Business acumen
- Change Management
- Analytical Skills
- Presentation/ Communication
Competency:
- Integrity
- Accountability
- Flexibility
- Team Work
REMUNERATION:
KCBL
offers competitive remuneration and benefits. Successful candidate will
receive attractive and competitive package commensurate with demands of
the position.
MODE OF APPLICATION & CLOSING DATE
Interested
candidates who meet the above criteria should submit an Application
Letter accompanied with copies of certified academic transcript,
certificates and with a detailed up to date CV with two work related
referees addressed to:
Managing Director,
Kilimanjaro Co-operative Bank Ltd,
P.O Box 1760,
MOSHI. KILIMANJARO.
Please, note:
Applications should be hand delivered to the Bank offices in MOSHI or emailed through: [email protected]
The deadline is set at 16hrs on the 25th January 2022.
Shortlisted candidates should be ready for online and oral interview.
“Kilimanjaro Co-operative Bank Ltd is an Equal Opportunity Employer”.
