Job Description

Management Accountant is there to analyze key financial information to provide feedback that will aid managerial planning and organization decision making that will ensure future growth and profitability of the company. Part of the Management Accountant’s role is to try to reduce the operational and production costs of a company by identifying and implementing more efficient strategies.

Duties and Responsibilities

1. Reporting
• Preparation of Management Accounts in line with applicable IFRS and IAS standards
• Preparation of the Banks Budget
• Variance analysis for budgeted Revenues and expenses
• Product costing and performance analysis for various products covering retail banking.
• Analysing the performance of the Banks credit assets and assisting the credit department in the portfolio management
• process to ensure performance of the loan book is in line with industry and regulatory acceptable levels in terms of the
• NPL and PAR Ratios
• Preparation of documents for the bank’s pricing committee
2. Compliance
• Preparation and submission of daily, Weekly, Monthly and Quarterly RBZ statutory returns
• Preparation and submission of the Deposit Protection Scheme returns
• Preparation and submission of The Banks Credit Insurance returns in line the Bank’s Credit Policy
• Assisting in the preparation and conduct of Internal and External Audit
• Assisting the Accountant in the preparation of Tax returns-QPD, PAYE, NSSA and ZIMDEF
3. Finance and Administration
• Reconciliation of the bank’s digital channels and ensuring that net settlement amounts agree with the actual activity on the channels
• Liaising with the Digital Channels department to ensure that all outstanding issues are resolve d and clients are timeously updated.
• Assisting the Financial Accountant in maintaining the fixed asset register and implementation and adherence to the
• Finance Policy and Procedures manual.
• Assisting the Accountant in the General ledger reconciliations.
• Reconciliation of Zimswitch and RTGS suspense accounts

Qualifications and Experience

Degree in Accounting or Business Finance, ACCA or CIMA or any equivalent qualification.
• 3 years’ experience in the accounting field
• 2 years in doing management accounts.
• Highly experienced in statutory returns (VAT, QPDs and Withholding tax & PAYE).
• Organizational skills and ability to meet deadlines.
• Very good written and oral communication skills
• Excellent analytical and numerical abilities
• Proficiency with spreadsheet and accounting software packages
• Accuracy and an eye for detail