Reports To: Chief
The Financial Accountant is a
member of the Finance Department with direct reporting line to the Chief
Accountant. The Financial accountant shall manage day to day recording of accounting
transactions accurately, management of the company Trial Balance, preparation
of monthly management GL account reconciliations (Balance sheet schedules),
preparations and management of company Tax and regulatory transactions and it’s
reporting as per the tax and Central Bank regulations. To develop and implement
sustainable efficient information management strategy that facilitates quality
and timely business decision making,
devising planning and performance management systems, compliance with company
and group finance policy, providing expertise in financial reporting and
control to assist management in the formulation and implementation of FINCA
Essential Duties and Responsibilities:-
a) Overseeing the accounting
activities of the company at head office and across all branches and ensure
compliance with accounting standards.
b) Develop procedures and prepare
financial statements for the monthly accounting cycles of FINCA Tanzania for
use by the bank’s management, regulatory authorities, and external auditors.
c) Preparation of all weekly,
monthly, quarterly, semiannual and annual regulatory report (Financial
statements) and ensure compliance with the Central Bank, BoT regulations, IAS
d) Review of all accounting
e) Monitor reconciliations between
accounting systems and ensure proper trade bookings.
f) Manage costs within the finance
department in line with the Accounting policies and procedure.
g) Prepare, review and make sure
that the Payroll entries are being properly accounted for and correctly posted
into the core banking system.
h) Preparation, reconciliations and
reviewing company’s Fixed Asset Register.
Reconciliations of intercompany accounts
Reviewing all Bank reconciliation reports.
k) Manage the company statutory obligations
(WHT, P.A.Y.E, SDL, VAT, N.S.S.F /PPF, Tax estimate etc.)
Reviewing Balance sheet analysis (Account reconciliation)
schedules on monthly basis.
m) Finance IT capacity to support
systems implementation and information needs. In collaboration with IT team to
improve and develop core banking system to organize loan portfolio data,
impairments, interest accrual and client data to a more efficiently, reducing
turnaround time on important transactions while increasing accuracy.
n) Participate in the preparation
of Company Budget, monitoring and control the actual against budget.
o) Assist in preparations and
review of the company strategic plans and constantly advise management on the
p) Preparation of financial
projections, controls and monitor all the company’s products in line with the
accounting policies and procedure.
q) Preparation of monthly and
analyze Branch profitability reports (Income & expenditure), advice loss
making branches and follow up on the strategies to improve them to profitable
r) Preparation of management
reports as required by Finca Tanzania management, and Group reporting pack as
per the group criteria, Board, external parties
s) Supervision of Internal and
Problem Solving - Identifies and resolves
problems in a timely manner.
Decision maker - Manages difficult or
emotional decision in any situations; Responds promptly to the needs; Meets
Oral Communication - Speaks clearly and
persuasively in positive or negative situations; listens and gets
clarification; responds well to questions.
Written Communication - Writes clearly and
informatively; Edits work for spelling and grammar; Varies writing style to
meet needs; Presents numerical data effectively; Able to read and interpret
Teamwork - Balances team and individual
responsibilities; Gives and welcomes feedback.
Ethics - Works with integrity and
Planning/Organizing - Prioritizes and
plans work activities; Uses time efficiently.
Professionalism - Approaches others in a
tactful manner; Reacts well under pressure.
Quality - Demonstrates accuracy and
Attendance/Punctuality - Is consistently
at work and on time.
A university degree preferably in Commerce and Accounting (B.Com) or
The candidate must hold a CPA/ACCA or
The candidate must have at least 3 years
working experience in a similar accounting, supervisory role is an added
to read and interpret financial statements and come up with Quick Solution.
The candidate must possess good report writing
and analytical skills.
To perform this job
successfully, an individual should have knowledge of Microsoft office packages
specifically spreadsheet, Word Processing software, PowerPoint and computerized
Skills and Abilities
in English and Kiswahili.
work environment characteristics described here are representative of those an
employee encounters while performing the essential functions of this job.
Reasonable accommodations may be made to enable individuals with disabilities
to perform the essential functions.
to apply common sense understanding to carry out instructions furnished in
written, oral, or diagram form.