Overview

Position Title: Assistant Financial Reporting Manager

Job Type: Full – Time

Deadline: July 8, 2024

ABSA

 

A division of the South African-based Absa Group Limited, Absa Bank Tanzania Limited was originally known as Barclays Bank Tanzania Limited. It is a commercial bank in Tanzania.

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With a rich history spanning over a century and a solid position as a local bank with experience across the region and beyond, working with our family presents the chance to participate in this exciting growth adventure, reshaping our future and determining our fate as a proudly African business.

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Summary of Work:

In charge of making sure the financial reporting procedures are carried out in compliance with the group’s and local accounting standards, financial control policies, and legal obligations.

Job Summary:

Principal responsibilities and approximate time division.

  • Participate in the month-end closure process and help to ensure that all financial reports are accurate and trustworthy so that all parties involved in finance may use them.
  • Assume responsibility for and custody of all month-end journals that are processed within a specific month. Every journal processed by Analyst, SAP, and brains.
  • Maintain GL, Cost Center, and MGC codes and make sure they are always accessible for business purposes. This involves launching, altering, and shutting the bank’s cost centers, general ledger, and MGC codes in SAP and SRM in addition to the brains.
  • Oversee the ETA procedure, make sure that the system is locked for all intergroup recharge receivables and payables, and monitor the payment procedure.
  • Help and collaborate closely with the accounts payable team and financial reporting manager to guarantee accurate cost reporting by scrutinizing costs on a weekly basis and raising concerns with the team.
  • Help the manager of financial reporting with the monthly account ownership and reconciliation process. Ensure that the general ledger of every bank is reconciled and that the consigno FD attestation is completed.
  • Help the manager of financial reporting to operate the MDM engine and update the mappings on a daily basis.
  • Help the manager in charge of financial reporting to do the monthly Brains to SAP reconciliation.
  • Help/take part in the regular audits conducted by external, BIA, and compliance auditors.
  • Take part in finance-related gatherings, like BSRC, and discuss the topics brought up there.
  • Carry out any additional tasks that the director of finance or financial control assigns you.

Technical proficiency / aptitude:

  • Expertise in financial reporting.
  • Expertise in accounting.
  • Strong familiarity with the reporting guidelines of the Bank of Tanzania.
  • The capacity to handle big data sets.
  • Strong aptitude for analysis.
  • Interpersonal abilities.
  • Computer abilities.
  • The capacity to do tasks on time without sacrificing accuracy.

Behavior Related to Risk and Control:

  • By implementing relevant risk frameworks and fostering a good risk culture, you may effectively manage risk and control.
  • Recognizing your personal place in the overall processes you participate in, together with any relevant risks and controls.
  • Respect Absa’s rules and procedures that are relevant to your employment while using good judgment and conscientious risk management.
  • Use the procedure that has been established for your business sector to report any risk occurrences, incidents, or problems. This will help you determine why these things happened and how to avoid them in the future.
  • Consider what can go wrong in the processes you run and how mistakes could be avoided as you proactively search for methods to enhance the control environment.
  • All required training was finished on time.

Understanding, Proficiency, and Experience:

  • Accounting bachelor’s degree (BCom Accounting, BAF, etc.).
  • ACCA or CPA preferred.
  • Team player.
  • Proactive.

Values for Absa:

The collection of principles that guide the behavior of all of us who work for the bank and by which each of us is evaluated and rewarded for our contributions is represented by Absa’s Values and Behaviors:

  • Trust.
  • Resourcefulness.
  • Stewardship.
  • Inclusivity.
  • Bravery.

Education:

  • Higher Diploma of Financial Sciences (Must be Obtained).
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