NBC
Finance / FinServ
FinanceOperationsSpecialist
Neural analysis suggests this role is
optimal for Mid candidates.
“Finance Operations Specialist at NBC. Skills: GL accounts reconciliation, Financial statements preparation, IFRS 16 model oversight, Risk management, Stakeholder management. Ensuring that all GL accounts are reconciled and reviewed, with balances substantiated, validated, and accurately represented. Assisting in creating awareness of the requirement of the Account ownership and reconciliation policy”
What You'll Achieve.
Ensuring that all GL accounts are reconciled and reviewed, with balances substantiated, validated, and accurately represented, so they can be relied upon in the preparation of the financial statements; Tracking all audit issues and following up to ensure they are closed within due dates; Consolidating and tracking reconciliation issues identified during the review and ensure they are being closed also tracking issues discussed at Balance sheet review committee; Ensuring that service level agreements is achieved; Responsible for reducing the number of outstanding exceptional items
Industry & Context.
Innovative problem solving – ability to challenge the status quo and drive change in behaviors; Identifying, investigating and querying exceptional items; Dealing with shortcomings (relating to internal accounts) e. g resolving problems that have been found on Head office accounts or branch reconciliation
What They're Looking For.
Must Have
Degree in accounting or finance, Professional accounting qualifications such as CPA(T) or ACCA or CA, 3+ years’ experience in Finance in the banking sector, Experience in a dynamic complex multi-disciplined business environment where change is constant and demanding, Stakeholder / customer relationship management experience, General understanding of legislation that impacts on Banks & Financial Institutions in Tanzania, Computer Literacy - Word, Excel & PowerPoint, Fluent in English
Nice to Have
Analytical Thinking - Basic, Digital familiarity (Meets some of the requirements and would need further development), Enabling team success (Meets some of the requirements and would need further development), Openness to change (Meets some of the requirements and would need further development)
What You'll Do.
Ensuring that all GL accounts are reconciled and reviewed
with balances substantiated
and accurately represented
Assisting in creating awareness of the requirement of the Account ownership and reconciliation policy
Tracking all audit issues and following up to ensure they are closed within due dates
Consolidating and tracking reconciliation issues identified during the review
Assisting reconciliation manager and governance on reviewing Finance policies and standards and ensuring compliance
Overseeing and managing the Bank’s IFRS 16 model
Preparing all assigned reconciliations of reconcilable accounts within Head Office Finance
investigating and querying exceptional items
Reporting Items at risk (IAR’s)/balances not reconciled (BNR’s)
Escalating items over the limit to the finance manager
Ensuring that exceptional items are escalated to the Account Owners and Reconciliation manager
Ensuring that all reconciliations and monthly reports are filed
Participating in testing controls as per requirement of Account Ownership and Reconciliation Policy (AOR policy) and other Finance polices
Preparing and reviewing IFRS 16 model and ensuring proper journals are posted
Ensuring periodic analytical review of all accounts allocated
Ensuring that month-end balances are accurately recorded within the Consigno system
Ensuring active participation in finance risk forums
Ensuring that all items outside the SLA are properly escalated
Checking that house accounts are well prepared and reviewed
Ensuring that provisions are proposed in a timely manner whenever applicable
Monitoring & ensuring that the number of outstanding exceptional items is reduced
Liaising with team members to implement change initiatives
Reviewing the reconciliation submitted from accounts owners and preparing tracker
Following up to ensure all accounts owners submit their Account ownership and reconciliation attestation
Dealing with shortcomings (relating to internal accounts)
Ensuring that corrective action has been taken on exceptional items
Participating in the Balance sheet Review committee and following up to ensure all issues identified are tracked and resolved
Recording minutes of the Balance Sheet Review Committee and other finance-initiated governance forums
Ensuring that service level agreements is achieved
Ensuring prompt response to both internal and external customer queries
Following up exceptional items and liaising with business units to resolve outstanding items
Management of risk controls and operations of reconciliations
Developing and implementing plans to rectify shortfalls in service from the department
Developing and agreeing individual performance objective
standards and targets
Planning workflow with line manager and other members
Managing and reporting exception items in absence of the Team Leader
How You'll Work.
Team & Collaboration
Liaise with team members to implement change initiatives; Maintain good working relations with other team members for smooth running of the unit; Plan workflow with line manager and other members; Active participation in finance risk forums with group counterparties and provide all necessary support to facilitate effective discussions and outcomes
Communication Scope
Fluent in English; Stakeholder management; Personal and interpersonal effectiveness; Ensuring prompt response to both internal and external customer queries; Ensuring timely circulation of minutes to all relevant stakeholders
Process & Methodology
Delivery Management/Drive for results
Full Job Description
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_** • Responsible for ensuring that all GL accounts are reconciled and reviewed, with balances substantiated, validated, and accurately represented, so they can be relied upon in the preparation of the financial statements. • Assist in creating awareness of the requirement of the Account ownership and reconciliation policy to all staff members who are responsible with reconciliation. • Responsible for tracking all audit issues and following up to ensure they are closed within due dates. • Responsible for consolidating and tracking reconciliation issues identified during the review and ensure they are being closed also tracking issues discussed at Balance sheet review committee. • Assist reconciliation manager and governance on reviewing Finance policies and standards and ensuring compliance. • Responsible for overseeing and managing the Bank’s IFRS 16 model. **Job Description** **OPERATIONAL MANAGEMENT (60%)** * Understand the account balance including its usage and standard transactions. * Responsible for preparing all assigned reconciliations of reconcilable accounts within Head Office Finance. * Ensure TBs are sent to branches on the first working day of each month for branch GLs reconciliations. * Identify, investigate and query exceptional items according to the Internal Accounts Business Rules. * Report Items at risk (IAR’s)/balances not reconciled (BNR’s), where appropriate ageing information has been provided and a detailed comment has been added for exceptions. * Escalate items over the limit to the finance manager immediately and record action. * Ensure that exceptional items are escalated to the Account Owners and Reconciliation manager and/or line manager. * Ensure that all reconciliations and monthly reports are filed. * Participating in testing co
Applying for this Finance Operations Specialist role?
Most applicants get filtered before a human reads their resume. See if yours makes the cut.
How to Apply on Workday
- Workday has a multi-step form — save your progress after every section.
- "Apply With LinkedIn" can fail or lose data; manual entry is more reliable.
- Watch for the "Submit for Review" final step — hitting "Save" alone does not submit.
- Job requisition numbers are useful when following up with HR by email.
ANONYMOUS · UNFILTERED
What do employees actually say about NBC?
Real rants from real employees. Read before you apply.