Finance Officer at ABSA Bank Tanzania 2023
ABSA Bank Tanzania, we understand that our employees are our most important asset. That’s why we offer competitive salaries and benefits to attract and retain the best talent. We also provide opportunities for career growth so our employees can reach their full potential. If you’re looking for a challenging and rewarding career, consider joining the team at ABSA Bank Tanzania.
Finance Officer jobs are now available in our organization. If you are interested in this position, please submit your application along with your resume. We are looking for a highly motivated and organized individual with excellent communication and interpersonal skills. The successful candidate will be responsible for managing our financial records, preparing financial reports, and overseeing our budgeting and forecasting process. If you have a strong background in finance and accounting, and are interested in joining our team, we encourage you to apply today.
Finance Officer at ABSA Bank Tanzania 2023
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
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Finance Officer at ABSA Bank Tanzania 2023
Job Summary
Job holders will assist accounts payable team in preparation and processing bank vendors’ payments
The jobholder also maintains the Head Office creditors’ payments (accounts payable) and the Bank’s fixed assets system.
Work closely with the Financial controller and provide support during auditing exercise
Finance Officer at ABSA Bank Tanzania 2023
Job Purpose.
- Job holders will assist accounts payable team in preparation and processing bank vendors’ payments
- The jobholder also maintains the Head Office creditors’ payments (accounts payable) and the Bank’s fixed assets system.
- Work closely with the Financial controller and provide support during auditing exercise
- Key Responsibilities:
- Maintain sound control and process flow of the vendors’ invoice processing under accounts payable.
- Daily receiving and recording of the vendors’ invoices for payments
- Processing and scanning of the invoices for the vendor payment process daily through KOFAX.
- Follow up on the status of the unapproved invoices in the system and advice financial controller on the issues on cockpit.
- Preparing and processing cash advances for branch managers on monthly basis
- Preparing and processing cash advances to staff other than branch managers as and when requested
- Preparing and processing the Brains vouchers for the vendors’ cash payments
- Preparing telegraphic transfers (TT) for the vendors’ payments outside Absa bank Tanzania
- Preparing the funding entries and updating BSS team
- Monthly preparation of the amortisation entries for prepaid expenses
- Preparing monthly accruals journals for major costs (every week 2)
- Periodical review of the cost accruals against actual costs booked in a month
- Assisting financial controller in month end closing process
- Work closely with CRES and assist in processing all fixed assets related items
- Perform GL accounts reconciliations for the payments control account (Brains and SAP as per AOR requirements
- Any other duties as directed by the line manager
- Skills required undertaking the role:
- Understanding of short, medium- and long-term strategies, goals and objectives
- Understanding of Governance and controls
- An Appreciation of the external economic, political, legal and regulatory environment and their impact to the business.
Risk and Control Objective:
- Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture
- Understanding of own role in the end to end processes in which you play a part, including applicable risks and controls.
- Adhere to Absa’s policies and procedures applicable to own role, demonstrating sound judgment and responsible risk management.
- Report all risk events / incidents / issues using the defined process for your business area and help to understand why these happened and how to prevent them in future.
- Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented.
- All mandatory training completed to deadline All mandatory training completed to deadline
Product knowledge
- Good knowledge of the bank’s products
- Fair knowledge of the system operations – Brains
Specific Requirements
- Basic university education,
- Training Required
- Product / Service knowledge
- Stakeholders management
- Vendors SLA agreements
- Skills Required To Undertake The Role
- Strong analytical skills
- Interpersonal skills – Time & stakeholders’ management
- PC skills
- Ability to work to tight deadlines without compromising accuracy
Personal Attributes
- Team player
- Analysis and judgement
- Proactive
- Information gathering
- Thoroughness
- Business awareness
- Persuasive
- Good communication, report writing and presentation skills.
- Quality conscious
- Adaptability
