ASSISTANT MANAGER - Financial Reporting, Regulatory Reporting and Compliance.

JOB PURPOSE:

To ensure compliance in all financial reporting to regulatory bodies as per reporting

requirements and as per policies and procedures as well as ensuring the correct accounting

treatment of routine transactions with respect to non-customer related transactions of the

bank to derive a complete and accurate General ledger. This role is also responsible for the

day to day managing of the unit, through supervision and guidance to team members.

KEY RESPONSIBILITIES:

1. Regulatory Reporting:

• Assist HOD to monitor and enhance accounting procedures for bank as well as manage

the Bank’s chart of accounts

• Participate in the preparation and co-ordination of the Bank’s Budget and financial

forecasts reporting to management and Board

• Work with business heads and provide analysis of trends and forecasts and recommend

actions for optimization

Carry out Quarterly review of the unaudited financial statements for publication

• Supervise and review the Daily/weekly/bi-weekly Bank of Tanzania Returns
• Supervise the preparation of the Monthly Bank of Tanzania Returns.
• Provide any regulatory reports on the agreed format and time.
• Ensure the Business is well aware of the Changes / amendments to the Returns being

made to BOT.

• Quarterly review of financial covenant ratios to Direct Foreign Investors (DFIs), advise

the Head of Finance in case of non-compliance

• Prepare capital ratios reviews as required by the Management and Board
• Preparations of annual financial statements and reports.
• Work together with the head of finance to create and evaluate internal accounting

controls and policies to see if there are opportunities for improvement at the bank

• Assists in Financial modelling and analysis of results, perform Ratios analysis.
• Work with the credit department to resolve loans and advances related accounting

issues, including provisions and commitment fees, interest suspended etc.

• Ensuring the preparation, accuracy, and timely submission of Board Pack as well as its

Committees, group reports (periodic and adhoc)

• Ensure proper maintenance of the Fixed Assets Register of the Bank on daily basis
• Reconcile the Fixed assets register to the Fixed Assets General ledger and rectify any

variances

• Work with the Administration department and ensure the physical verification of assets

is done annually and reconcile with the Fixed Assets register

• Perform reconciliation of tax payments with the financial records
• Ensure compliance with regulatory requirements,
• Increase productivity by participation in the reporting automation project.
• Provide effective support to BOT, internal and external auditors attend to all TRA tax

queries

• Work closely with other members of the finance team to ensure accurate financial

reporting

• Preparation of board pack on a quarterly basis.
• Perform any other duties as may be assigned by the immediate supervisor from time

to time.

2. Risk Management:

• Update and maintain risk procedures and systems with respect to risk identification,

risk assessment, risk monitoring, risk mitigation strategies and risk reporting

• Ensure effective adoption and utilization of risk management tools
• Drive remediation of risk management exceptions identified during audit or risk reviews and Promote risk management culture

3. Regulatory Compliance:

• Assess liquidity report ready for submission to the Bank of Tanzania on a daily basis.
• Daily review of net open position reports for submission to BOT.
• Compile the Daily/weekly/bi-weekly Bank of Tanzania Returns
• Compile the Monthly Bank of Tanzania Returns.
• Compile the Quarterly Bank of Tanzania Returns.
• Ensure compliance to bank liquidity and risk management.
• Ensure the implementation of proposed financial recommendations from various

consultants such as tax consultants

Ensure compliance to all taxation laws such as Income Tax Act, VAT, TAA, Transfer Pricing

Guidelines etc.

4. Audit Compliance:

• Ensure adherence to internal control policies and procedures within the regulatory

reporting process.

• Identify and escalate potential risks, discrepancies, or control weaknesses for prompt

remediation.

• Support the remediation of audit findings and ensure compliance with recommendations

from internal, external, and regulatory audits.

5. Administration:

• Review and approve suppliers’ invoices in the absence of Finance Manager –

Management Accounting, Budgetary Control and Reconciliations.

Requirements

SKILLS, KNOWLEDGE AND ABILITIES:

• Deep understanding of accounting, regulatory, and financial reporting principles (IFRS, Basel, BoT).
• Advanced analytical, modeling, and data interpretation skills.
• Strong leadership, team management, and coaching abilities
• Excellent communication and presentation skills with the ability to engage senior stakeholders.
• Proficiency in financial management systems
• High level of integrity, accuracy, and attention to detail
• Strong project management and problem-solving skills.
• Strategic mindset with the ability to influence and drive change

ACADEMIC/EDUCATIONAL QUALIFICATIONS:

• Bachelor’s degree in accounting, Finance, or Business Administration.
• Professional qualification: CPA (T), ACCA, or equivalent.
• Master’s degree in finance, Accounting, or Business Administration is an added advantage.

WORK EXPERIENCE REQUIREMENT:

• A minimum of 5 years of working experience at management level