Manager Financial and Regulatory Reporting at Coop Bank Tanzania

The Manager Financial and Regulatory reporting is responsible for preparing, analysing, and ensuring the accuracy and integrity of the bank’s financial statements in compliance with IFRS and regulatory requirements. The role ensures the timely preparation of monthly, quarterly, and annual reports while supporting management with insights into financial performance. The incumbent will also provide oversight on financial controls, coordinate audits, and contribute to strategic financial planning in line with the bank’s objectives.

Responsibilities

Financial Reporting & Compliance

• Prepare and deliver accurate and timely financial statements in compliance with IFRS, BOT, and other statutory requirements.
• Oversee consolidation of financial statements for the bank and ensure the integrity of reporting.
• Ensure timely submission of financial returns to regulators and stakeholders.
• Maintain accounting policies and ensure their consistent application across the bank.

Management Reporting & Analysis

• Develop and present monthly, quarterly, and annual management reports to support decision-making.
• Provide variance analysis against budget, forecast, and prior periods, highlighting drivers and recommending corrective actions.
• Support the Head of Finance and Strategy in interpreting financial results and developing business insights.

Audit & Risk Management

• Coordinate internal and external audits, ensuring the timely availability of schedules and reports.

Address audit findings by implementing corrective actions.

• Support the strengthening of financial controls and ensure compliance with risk management policies.

Strategic & Operational Support

• Contribute to financial planning, forecasting, and capital adequacy assessments.
• Participate in strategic initiatives, providing financial analysis and impact assessment.
• Support the implementation of financial systems that enhance reporting efficiency.

Process Improvement

• Drive continuous improvement in financial reporting processes and systems.
• Identify opportunities to automate and streamline reporting workflows.
• Ensure accuracy, efficiency, and timeliness in financial data management.

Collaboration & Communication

• Work closely with finance, risk, ICT, and business units to gather and validate information.
• Communicate effectively with internal stakeholders, auditors, and regulators through proper internal channels.
• Provide training and guidance to finance staff on reporting requirements and processes.

Requirements

• Bachelor’s degree in Accounting, Finance, or related field.
• CPA/ACCA or equivalent professional qualification is mandatory.
• At least 3–5 years of progressive experience in financial reporting.
• Strong knowledge of IFRS, regulatory reporting (BOT, TRA, etc.), and financial control frameworks.
• Banking/financial services industry experience preferred.

Skills Required

• Financial Accounting Reporting and Audit
• Problem Solving
• Team Management and Motivation
• Teamwork and Collaboration Skills
• Financial and analytical skills
• Presentation skills and Teaching.
• Communication Skills