Overview

Job Title: Financial Reporting Manager

ABSA

 

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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.

  • Putting in place financial controls and procedures to make sure the bank abides by all group accounting, financial control, and account reconciliation standards.
  • To guarantee that auditors agree with company judgments about accounting disclosures and issues, oversee communications with external auditors regarding external financial statements and accounting matters.
  • Assist in arranging the quarterly reviews and annual audits conducted by both internal and external auditors.
  • Encourage year-end and month-end closing.
  • Take part in additional initiatives as needed.
  • Establish and uphold reporting protocols in accordance with internal control specifications.
  • Inform the management group and important business partners about accounting concerns and the latest developments in accounting guidance.
  • In accordance with BOT requirements, prepare quarterly financial accounts for dissemination.
  • Make that all GL have owners and are reconciled on a monthly basis by overseeing the account ownership and reconciliation procedure.
  • Create the FD attestation and note the unreconciled balances (BNR) and items at risk.
  • Make sure the board of directors regularly reviews and approves all of the finance policies, and that they are all current.
  • Oversee the financial reporting systems (SAP, Brains, TM1) and ensure that they are always operating at the most recent version.
  • Confirming that every procedure and control has been followed in order to guarantee that the Finance Director is qualified to sign the official FD attestation. creates the other tables and the list of control issues that make up the majority of the attestation.
  • Keeping an eye on control performance while utilizing the online tool or discussing it with the control owner. reports on problems, hazards, and exceptions.
  • Putting into practice any new policies while making sure the written or mapped procedure is being followed by the controls that are already in place. When necessary, speaks on behalf of the Financial Controller in meetings and makes sure that the Finance team is informed of any new or modified policies.
  • Aids in the statutory accounts’ preparation and submission.
  • In charge of the removal process, which includes examining each mismatch and contacting the relevant parties when there are significant mismatches to provide for an explanation and understanding of the situation. gives the parties coaching so that mismatches that aren’t caused by timing discrepancies don’t happen again.
  • In charge of managing the monthly Account Reconciliation and Journals Quality Assurance procedures, which include choosing the sample, executing the sample, and compiling the findings for the Financial Controller to approve.

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.

Understanding, Proficiency, and Experience:

  • Accounting bachelor’s degree (Bcom Accounting, BAF, etc.).
  • CPA/ACCA certification is required.
  • Team player.
  • Proactive.

Absa Principles.

The collection of principles that guide the behavior of all of us bank employees and serve as a benchmark for evaluating and rewarding individual achievement is represented by Absa’s Values and Behaviors:

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

Level of Education:

  • Financial sciences bachelor’s degrees and advanced diplomas are required.
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