Financial Control Officer

Job Purpose

The main role of the Financial Control Officer is to provide detailed financial analysis on key business area in order to provide trend and highlights to all stakeholders, development of financial performance of the bank aimed to comply with various regulatory requirement, including CIR.

To ensure the bank procurement process at all time adheres to existing policy. To review all key operational areas that could efficiently help the bank to reduce costs and improve its financial performance at large, and take a lead in supporting the Chief Accountant in organizing and coordinating the tendering process and coordinating the bank’s budgetary process.

Duties and Responsibilities

• Timely preparation of monthly and quarterly reports:
  
  • Branch Performance report, Departmental report, and OPEX report;
  • Industrial Analysis report, Shareholder report, Cost to Income Ratio (CIR) and NPL report
  • Time to time reports as advised by the supervisor, senior management.
• Provide support on the preparation of detailed Board slides and presentation materials for quarterly Board meetings, including in-depth data analysis.
• Ensure periodic review of operational cost and revenue, tracking validity of all operational cost against budget, review of operational cost trend and review of revenue leakages from fees and commissions perspective.
• Actively participate in the bank’s procurement process ensuring compliance to internal procurement policy, tendering process, coordinate and organizing tender opening, prepare and cordinate tender evaluation committee and Pre-Authorization of suppliers.
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• Coordinate bank’s annual budget process, compiling departmental budgets into master budget file and share draft to Chief Accountant for review. Ensuring during budget process all inputs from different departments are collected and compiled in budget templates.
• On monthly liaise with Risk and Compliance department, on the review of IFRS 9 ECL Model Impairment sheet before incorporated into monthly Management Accounts.
• Review all expenditure requests received from administration department before seeking approval from management; confirming budget line and need for such cost.
• Collaborate and cooperate with other departments to ensure budgets are well adhered in an efficient manner, and guiding budget holders accordingly.
  Build and maintain strong relationship with department teammates with due respect

REQUIREMENTS

• Bachelor degree in Accounting, Finance, Business Administration or other relevant discipline.
• CPA holder or pursuing CPA/ACCA is considered as an added advantage
• At least 3 years of work experience in relevant field
• Advanced knowledge in excel or analytical skilled in excel and power point is an added advantage.
• Bold enough, reasoning and eager to learn.

Send your letter and CV to career@smfb.co.tz. Deadline 12th August 2025