director of finance

Dar es Salaam Full Time Banking & Finance
TSh Confidential
1 week ago

Job Summary

A client seeks to hire a qualified candidate for the position of a DIRECTOR OF FINANCE

  • Minimum Qualification: Masters
  • Experience Level: Management level
  • Experience Length: 8 years

Job Description

 Nature and Scope:
The successful candidate will report to the Managing Director. He/She will be responsible for maintenance'of books of accounts, financial reporting and all back office operations. He/She will supervise the financial budgeting process and reporting. payment to suppliers, disbursement of loans as well as formulation of controls to safeguard the financial resources of the bank.
Key Responsibilities: 
 ⦁ Co-ordinate budgeting exercise including production of regular budget report and budgetary control; 
 ⦁ Supervise the division and monitor financial information on a daily basis to ensure that accounting records are accurately and properly prepared and maintained; 
 ⦁ Advise the company on tax matters i.e. VAT, corporate tax, PAVE, withholding tax, to ensure statutory compliance and prepare the relevant monthly/annual returns; 
 ⦁ Provide support to the Treasury and Funding Directorate when assessing funding requirements and managing cash on a daily basis including investing the excess funds and managing minimum requirements; 
 ⦁ Prepare quarterly, bi-annual and annual statutory accounts in line with accepted accounting standards and liaises with external statutory auditors; 
 ⦁ Supervise disbursement of loans to borrowers approved by the bank;
⦁ Design and implement internal financial controls;
 ⦁ Supervise the auditing of the bank's financial statements done by the external statutory auditors; 
 ⦁ Monitor cash requirements/position;
 ⦁ Preparation of all statutory and regulatory reports in line with accepted accounting standards; 
 ⦁ Provide guidance to the Management on issues pertaining to accounting as well as financial and regulatory reporting; 
 ⦁ Review work performance of staff in the Directorate including their development and welfare in line with the bank's policies and objectives; 
 ⦁ Perform any other related duties as assigned by the Managing Director from time to time.

 Minimum Qualifications. Knowledge and Experience: 
 ⦁ Master's Degree/Postgraduate qualifications in Accounts, Commerce, Economics or related discipline; 
 ⦁ Internationally recognized accounting qualification such as ACCA, ACA, and CPA (T); 
⦁ Minimum of 8 years relevant experience of which 4 must be in a senior position covering Finance and Administration in a commercial bank or similar banking/or related financial institution;
 ⦁ Ability to analyse and interpret financial statements and make recommendations; 
 ⦁ Leadership, motivation and people management skills; 
 ⦁ Strong written and communication skills with ability to write documentation in a concise and focused style; 
 ⦁ High developed Computer skills.    


 Qualified candidates should apply in writing to or lodge their applications at the address shown below, enclosing: 
 1. Application letter showing how they meet the requirements of the position; 
 2. An up-to-date Curriculum Vitae; J.
3.Contacts stating name in full, telephone numbers and e-mail addresses of the candidate; .
 4. Copies of relevant certificates I 
5. Names and full contacts of three (l) referees. 
 Closing date: Applications should reach the undersigned not later than 4.00 pm on Friday, 1st June 2018. 

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