Job Purpose
To ensure accurate financial reporting and full compliance with regulatory, statutory, and internal requirements. The role oversees correct accounting treatment of non-customer transactions, maintains the integrity of the General Ledger, and manages daily unit operations through supervision and guidance of team members.
Key Responsibilities
- Support the Head of Department in managing accounting procedures, chart of accounts, budgeting, and financial forecasting.
- Prepare, review, and submit regulatory reports to the Bank of Tanzania (daily, weekly, bi-weekly, monthly, and quarterly).
- Review quarterly unaudited financial statements and prepare annual financial statements.
- Monitor compliance with regulatory requirements, liquidity, capital adequacy, and financial covenants.
- Prepare and review Board and Board Committee packs.
- Supervise fixed asset accounting, reconciliations, and annual physical verification.
- Perform financial analysis, ratio analysis, and financial modelling.
- Resolve accounting issues related to loans, provisions, interest, and fees in collaboration with relevant departments.
- Ensure compliance with tax laws and reconcile tax payments with financial records.
- Support internal, external, and regulatory audits and address audit and tax queries.
- Promote automation and continuous improvement in reporting processes.
- Supervise team performance and ensure timely, accurate reporting.
- Perform other duties as assigned.
Risk & Regulatory Compliance
- Maintain and enhance risk management procedures, tools, and reporting.
- Ensure compliance with liquidity, capital, and risk management requirements.
- Drive remediation of audit and risk review findings.
- Promote a strong risk management culture.
Education 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
- Minimum of 5 years’ experience in a management-level finance, accounting, or regulatory reporting role.
- Proven experience in regulatory reporting and compliance within a banking or financial services environment.
- Experience supervising teams and managing day-to-day finance operations.
ONLY SHORTLISTED CANDIDATES WILL BE CONTACTED.
Top Skills
What We Do
I&M Bank is a wholly owned subsidiary of I&M Group PLC, a publicly quoted company at the Nairobi Securities Exchange (NSE). The bank possesses a rich heritage in banking. Started in 1974, it evolved from a community financial institution to a publicly listed major regional commercial bank offering a full range of corporate and retail banking services, over 50 branches in Kenya and international operations in 3 other countries.
I&M Bank is a dominant player in the Kenyan market that has been consistently growing, and is innovative in terms of the type and range of products and services it offers.
CDC Group plc, a development finance institution wholly owned by the government of the United Kingdom owns approximately 10.68% of I&M Group. In addition, I&M Bank has a technical support agreement with International Finance Corporation for staff training, product development and risk management. I&M Bank also enjoys medium term foreign currency credit facilities from European Development Financial Institutions - Proparco, DEG and FMO.
I&M Bank’s international correspondent banks include major multinational banks such as Bank One Ltd, Citibank NA, CommerzBank AG, Deutsche Bank AG, ICICI Limited Mumbai, Mashreq Bank PLC, Standard Bank of South Africa and Standard Chartered Bank NY.
I&M Bank’s international network includes Bank One Limited (Mauritius), I&M Bank Tanzania Limited, I&M Bank Rwanda and I&M Bank Uganda
