Manager Business Performance and Financial Analytics

NBC is the oldest serving bank in Tanzania with over five decades of experience. We offer a range of retail, business, corporate and investment banking, wealth management products and services.

Job Summary

To lead business performance management and financial analytics by providing timely, accurate and forward-looking financial insights that support strategic and operational decision-making.
The role is responsible for planning, budgeting, forecasting, performance analysis, profitability and cost analytics, management reporting and business partnering. It will proactively identify performance drivers, risks and opportunities, challenge business assumptions and recommend actions to improve profitable.
Job Description​

MAIN ACCOUNTABILITIES

AccountabilityPlanning Weighting : 40%

Outputs to deliver this accountability

• To understand the key drivers of income & cost and develop and report financial and other performance measures required by local management & Group to monitor profitability of major products and of individual functions.

• To challenge reconcile functional budgets thereby ensuring that they are realistic and stretching.

• To monitor actual performance of business against target, analyse variances, both on an entity and on a functional basis e.g. Agency banking insurance banking and other business case.

• To reconcile country & Group financial reporting pack management information to function heads, including commentaries on variances to ensure business functions are accountable for their performance.

• To Contribute to the development of business financial unit strategy for the next 2-3 years by providing a view on potential improvements for products or services and an assessment of the existing situation and anticipated changes in the external environment.

• Support management in identifying areas of opportunities, threats, risks & challenges within Banking & competitor environment, by providing both financial (Accounting)& non-financial information.

• Participate in preparation of ALCO planning inputs in accordance to Accounting standards.

• Support Finance Management Committee to work towards closing audit findings to ensure that issue assurance will be trouble-free. Review the actions that have been taken and personally conduct testing of the controls and the assessments. Review the work papers before recommending that internal audit be asked to conduct the issue assurance testing.

• Educate line managers in Finance on the benefits of proactive risk management as intended by the RCA process and support them to articulate their risks and assess the effectiveness of their mitigating controls. Ensure that the concept of affordable risk management is promoted.

• Act as a trusted Finance business partner to business and functional heads, providing independent financial challenge and insight to support commercial and strategic decisions.

AccountabilityPerformance Management Weighting : 30%

• Group reporting flash, BSIS, Quarterly schemes.

• Prepare monthly BSIS (Balance sheet income statement) reports and supporting schedules as per Group requirements.

• Effective presentation of detailed business financial performance analysis through production of monthly management accounts.

• Support and constructively challenge monthly financial results, Financial forecasts and plans for each of the business line.

• Perform ad hoc financial analysis within set deadlines and as requested by senior management.

• Identify value adding initiatives in conjunction with Finance and other business leaders in other functions.

• Provide accurately Financial segmented information on income, costs and balance sheet Analysis to satisfy internal and external functional needs.

• Prepare accounting and management information requests from Exco/ Group within agreed deadlines and to ensure that the information meets the highest standards.

• To challenge financial plans to commit costs, identifying areas for cost efficiency and managing the delivery of benefits.

• Participate in the bank's financial statements are prepared in compliance with IFRS.

• Participate in general ledger reconciliation tasks to different finance department clerks.