Thursday, June 22, 2023

Finance & Accounting Officer at CRDB Bank Plc Tanzania

  AjiraLeo Tanzania       Thursday, June 22, 2023
CRDB Bank Plc
Jobs in Tanzania 2023: New Job Opportunities at CRDB Bank Plc, 2023

CRDB Bank Plc Jobs, 2023
CRDB Bank Plc is an African bank and a leading Financial Services Provider in Tanzania with current presence in Tanzania and Burundi, East Africa. The Bank was established in 1996 and was listed on The Dar Es Salaam Stock exchange (DSE) in June 2009.

Over the years, CRDB Bank has grown to become the most innovative and preferred financial services partner in the region. Supported by a robust portfolio and uniquely tailored products, CRDB Bank remains the most responsive bank in the region.

We are a collection of individuals who believe in excellence. We are always on the look out for fresh talent and we hiring people who have the drive to succeed and the will to implement the discipline required to succeed. We focus on nurturing our team and providing our team with an environment that is conductive to creative thought.

Career Opportunities: Finance & Accounting Officer (2327)
Requisition ID
 Job Description
Job Reporting To: Manager Finance and Administration
Location : CRDB Insurance company

Job Purpose
The purpose of the job is to be responsible for making critical financial decisions by collecting, tracking, and correcting the company's finances. Responsible for financial audits, reconciling bank statements, and ensuring financial records are accurate throughout the year. Ensure that there is proper control over collections and all risk management actions are implemented.
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  • Preparing reports, budgets, commentaries, and financial statements
  • Controlling and forecasting income and expenditure
  • Financial analysis
  • Maintains historical records by filing documents.
  • Answer queries and solve disputed matters on time and professionally.
  • A good rapport must be developed and maintained with all other CIC staff.

Other responsibilities:
  • Ensure Sound internal control system by: GWP analysis, class wise & source wise month on month
  • Updating the investment register, calculating the accrual investment income and preparation of journals for posting
  • Reinsurance accounting and record keeping
  • Preparation of weekly payments projections for the company (Staff salaries, claim payments and other creditors)
  • Preparation of report of premium booked, premium receipted and premium banked daily.
  • Timely allocation of premium receipts and other credits
  • Reconciliation of Debtors’ accounts every 25th day of the month
  • Confirm payment of premium paid before claim payment.
  • Reconciliation of facultative business with other Insurance companies.
  • Monthly compilation of facultative recoveries report on the 3rd day of the following month and follow-up.
  • Banking cheques collected and keeping an updated file of premiums collected and banking slips.
  • Provide a weekly report of receipts and banking.
  • All other duties as assigned by the supervisor.
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Transaction posting
  • Amortization of prepaid expenses
  • Reconciliation of prepayment Account
  • Prepare & verify commission statements before payment.
  • Update intermediary commissions schedule for payment.
Statutory filing (Corporate Tax, VAT)
  • Quarterly Corporate tax Estimates - Preparation, Revision, Filling & payment
  • Process assessment of stamp duty from TRA, follow up & Remittance.
  • Follow up on payment of City service levy, premium levy, and Stamp Duty
  • Quarterly reconciliation of the premium levy and city service levy account.
  • Reconciliation of the tax account
  • Preparing VAT returns for the company by the 10th of the following month
Bank reconciliations
  • Ensuring that bank reconciliations are done monthly and signed off by Finance Manager.
  • Following up with any reconciling items until the conclusion
Filing system 
  • Ensure proper and "easy to refer" way of filing system for all transaction supporting documents.
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Education Experience, Knowledge, and Skills Required
  • BSc in Accounting and Finance from a recognized institution of higher learning.
  • Additional certification (CPA or CMA) is a plus.
  • At least 3 years of work experience as an Accountant in the insurance company
  • Excellent knowledge of accounting regulations and procedures, including the Generally Accepted Accounting Principles (GAAP)
  • Hands-on experience with accounting software like Fresh Books and QuickBooks
  • Advanced MS Excel skills including VLOOKUPs and pivot tables
  • Experience with general ledger functions
  • Strong attention to detail and good analytical skills
  • Experience with general ledger functions
Deadline 29th June 2023

Thanks for reading Finance & Accounting Officer at CRDB Bank Plc Tanzania

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