Website Diamond Trust Bank (Tanzania) Limited
Established in 1945, DTB Tanzania is a full-fledged commercial bank with a network of 28 branches and 28 ATM locations in major Tanzanian urban centres
Manager – Finance Job Vacancy at Diamond Trust Bank (Tanzania) Limited
Manager – Finance
- Reporting on the achievement of financial targets through effective revenue growth, risk, and cost management.
- Ensuring capital adequacy with the objective of maintaining optimal capital levels, balancing the cost of idle capital against the need for medium- and long-term business growth.
- Ensuring compliance with regulatory standards, checks, and controls.
- Understanding what resources are required to generate different types of assets, liabilities, and fee income.
- Evaluating the soundness of business propositions and opportunities.
- Providing information to support business decision-making and controls.
- Ensuring close coordination of the DTBT finance function with the Group Finance Team at DTBK.
- Manage balance sheet options, financial funding resources, and business risks through balance sheet management.
- Analyze and review business performance through balance sheet and income statements.
- Provide variance reporting of management accounts, interpreting financial performance changes.
- Ensure asset efficiency (ROA, ROE, ROI) aligns with market and group expectations.
- Develop and appraise business operating plans.
- Efficiently manage liquidity requirements, capital adequacy, and the cost of capital.
- Manage the annual statutory audit of the bank and report in line with group timelines.
- Coordinate with Bank of Tanzania (BOT), TRA, and external stakeholders for audits and examinations.
- Ensure proper execution of accounting functions including bank reconciliations, payroll, supplier payments, etc.
- Advise management on all finance-related matters and update them on IFRS changes.
- Coordinate and assist branches on finance-related matters.
- University graduate with a mandatory professional certification (CPA, ACCA).
- Must be computer literate.
- At least 5 years of banking experience, with at least 2 years in a senior managerial position.
- A structured approach to dealing with complex work environments independently.
- Ability to balance long-term and short-term requirements independently.
- Strong financial analytical skills and evaluation capabilities.
- Leads by example and maintains good communication and reporting skills.
- Effectively manages large volumes of information, adding value through reporting.
- Prolonged periods of desk work and document review.
- Interaction, coordination, and supervision of subordinates with direct reporting relationships.
- Maintain cost-to-income ratio within BOT directive of 55%.
- Review expiring contracts, negotiate better terms with vendors.
- Ensure all expenditures are within the budget.
- Provide timely and accurate MIS and statutory reports.
- Ensure timely payment of taxes, pension funds, and supplier invoices.
- Evaluations conducted in June and December.
If interested in the above position and meet the requirements indicated, send your application to recruitment2024@diamondtrust.co.tz
Deadline for receiving applications is 13 th October, 2024.
NB: Successful candidates will be contacted within 14 days after the deadline of submission.
DTB is an equal opportunity employer and DOES NOT charge for applications.
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