A leading East African Corporate Bank is seeking for Group Financial Officer.  Location : Africa, Tanzania  Responsible for: All aspects of Group financial management and monitoring of the internal control environment in each group entity and at the holding company.  Major Duties & Responsibilities:  Preparation of accounts:   Daily analysis of the financial data to monitor movements in various GL Heads and P&L accounts on the individual entities of the group and the holding company to detect abnormal movements and submit a daily report to theGroup Managing Director.  Ensure the preparation of timely and accurate monthly management accounts, analyzing variances against budget/ trend for the individual entities of the group and the holding company.  Responsibility for all journals and final GL balances including review of month end balance sheet reconciliation's and control accounts.  Ensure the accuracy and integrity of the Group’s accounting records and financial systems.  Production of statutory accounts for the Group and its various subsidiary companies as and when required in accordance with the relevant accounting principles and the legislation of the countries in which they operate.  Play a full part in providing relevant & timely financial information to the Main Board to enable a balanced and objective assessment of the Group’s strategy and objectives.  Budgets and forecasts:   Preparation of budgets, forecasts and business plans and continued monitoring & review of performance against them to enable robust reporting of variances to the Board and third party stakeholders;  Monitoring of the budgets and forecasts and putting up reports to the GMD on a regular basis;   Financial management & controls:  To design and implement effective internal financial controls for the individual entities of the group and the holding company.  Effectively manage the functioning of the various entities of the group with specific attention to daily movements in the individual balance sheets and P&L accounts of each entity and ascertaining acceptable details for all variations.  Active management of overheads whilst seeking out areas for efficiencies for savings.  Overseeing monthly processing of payroll and payments to employees in individual entities and that at the holding company.  To periodically review the finance related Core Banking Systems operating at various entities with a view to ensuring uniformity and prevention of unauthorized changes.  Review and update, in line with good practice, the Group’s internal control environment and produce a Controls and Procedures manual for review and adoption by management.  Review all finance related papers being put up by individual entities of the group to their respective boards prior to submission.  To assist the Group Managing Director in respect of periodic reports to the Group’s Audit Committee and the board of the Holding Company explaining the processes adopted and undertaken by management to keep under regular review the effectiveness of internal controls covering financial, operational &compliance controls.  Play an active role in assisting management in the risk assessment process and embedding a risk management culture throughout the organization.  Taxation:  Support the Group Managing Director in the development and execution of the Group’s taxation strategy.  Ensure returns for Corporation tax, VAT and other relevant taxes are submitted, payments made on time and all relevant regulations are complied with in individual entities and at the Holding Company.  Regulatory:  Ensure awareness of local banking related regulations pertaining to finance prevailing at each country where the group operates and ensure ongoing compliance thereof.  Ensure compliance to group and individual entity banks’ policies, regulatory requirements pertaining to Tax matters and other statutory compliances.   Insurance:  Ensure that all assets of the group and the cover for banking related matters are adequately covered and in force at all times.  Qualification : CA / MBA with 13 to 25 years of experience in the banking or financial services industry.

Africa

Others

Group CFO - Corporate Bank 

Group CFO - Corporate Bank  ,Job Description for Group CFO - Corporate Bank  in Nexus HR Consultants in  Africa Others for (13-25) years of experience. Apply Now!

Job Description for Group CFO - Corporate Bank  in Nexus HR Consultants in  Africa Others for (13-25) years of experience. Apply Now!