Head Financial Reporting and Tax (1 Position(s)) at NMB Bank | March 2024

March 19, 2024
Application deadline closed.

Job Description

Job Location : Head Office, Hq

Job Purpose:
Responsible for all aspects of financial management and regulatory reporting such as preparation of consolidated financial statements, management accounting, statutory reporting, and tax management.

Main Responsibilities:
Strategic Focus

  • Review and maintain financial reporting systems to ensure timely and accurate reporting to Management, Board, Auditors, Regulators, and other external stakeholders.
  • Ensure that all regulatory reports, financial statements, annual reports, and internal reports are accurate and timely submitted to the relevant authorities/stakeholders including publication of audited and unaudited financial statements in line with regulatory requirements.
  • Ensure financial statements and annual reports are prepared in accordance with the bank’s policies, regulatory requirements, and other local and international reporting standards.
  • Review chart of accounts of the bank to ensure proper mapping of general ledgers for accurate recording and reporting of accounting transactions in line with international and local reporting standards.
  • Maintain effective and professional relationships with regulators, auditors, and other internal stakeholders to ensure accurate and timely delivery of regulatory reports, audited financial statements, annual reports, and other internal reports.
  • Manage tax compliance including tax planning, accounting for income taxes, filing of tax returns, interpretation of tax laws and recommending on their implication to business transactions.

Leadership and People Focus

  • Ensure staff understand the context of their roles in relation to the department and NMB’s strategy.
  • Manage the performance of departmental staff including contracting, reviewing, and appraising performance.
  • Assess and monitor the training and development needs of the staff.
  • Ensure staff have the resources they require to perform their work.
  • Engage with staff, assess, and report on the level of staff engagement.

Operational Focus

  • Manage the requirements of the internal and external auditors in order to ensure a full and rigorous audit of NMB accounts and take action to implement recommendations.
  • Oversee audit and inspection (External audit, BOT and TRA) to ensure the bank is compliant with both local and international requirements.
  • Attend to BOT examiners in order to conduct effective examination of the bank.
  • Liaise with tax consultants in order to ensure thorough corporate tax assessment.
  • Coordinate for the tax information and respond to TRA queries/findings including follow-up on various tax objections with TRA, Tax appeals Board and Tribunal court and closure of outstanding tax matters.
  • Ensure full compliance, provide oversight as well as monitor the implementation of various consumer protection requirements across business area/Unit.

Knowledge and Skills:

  • Business understanding of financial and management accounting, local and international reporting standards, Income tax and other tax regulations.
  • Standard computer applications (Excel, Word and Access),
  • Financial management and reporting.
  • Building a Successful Team
  • Communication skills
  • Customer Focus,
  • Leadership skills
  • Formal Presentation

Qualifications and Experience:

  • Bachelor’s degree in accounting, Auditing, Business Administration/Management, Economics, Finance, or other relevant fields. Postgraduate qualification in similar fields is an added advantage.
  • At least 10 years’ experience in Finance Control and Reporting

NMB Bank Plc is an Equal Opportunity Employer. We are committed to creating a diverse environment and achieving a gender balanced workforce.
Female candidates and people living with disabilities are strongly encouraged to apply for this position.

NMB Bank Plc does not charge any fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.

Only shortlisted candidates will be contacted.
Job opening date : 19-Mar-2024
Job closing date : 02-Apr-2024