Duty Description
About EADB:
The East African Development Bank (EADB) is an international development finance institution, whose mandate is to promote the sustainable economic development of East Africans. Shareholders of the EADB are Uganda, Kenya, Tanzania, Rwanda, the African Development Bank (AfDB), and other international financial institutions.
Key Duties and Responsibilities:
- Actively participate in the development of the institution’s strategy in order to ensure alignment of the finance function with the institution and the Bank’s overall strategy;
- Steer the design and implementation of a financial management strategy for the Bank to ensure that finance operations are aligned to the Bank’s strategy;
- Participate actively in resource mobilisation and prepare documentation for capital markets activities;
- Develop annual, medium-term and long–term financial plans;
- Lead in the design and implementation of financial risk management processes by establishing and continuously improving on the existing internal controls;
- Provide a leadership role in the management of the Bank’s financial budget and ensure prudent utilisation of funds on different projects within the Bank;
- Develop and implement models and systems to produce financial projections monthly, quarterly, annual and periodically and propose measures to ensure satisfactory financial performance of the Bank;
- Lead in the proactive review and management of the Bank’s balance sheet.
- Oversee the preparation of cash flow forecasts and business forecast reports and continuously monitor the cash flow position of the Bank to minimise disruption to the Bank operations;
- Review periodic financial statements emphasising on the monthly variance report for revenue and operational and design recovery plans to ensure effective revenue management and operational control throughout the year;
- Formulate strategies and initiatives to help deliver significant efficiency and effectiveness gains across all departments within the Bank;
- Develop and implement business planning policies, procedures and strategic plans and monitor planning objective timelines for the Bank and
- Keenly monitor all aspects of business planning including workforce planning and the service delivery model and identify business process improvements.
Required Qualifications
Qualifications, Skills and Experience:
- A minimum of ten years’ experience, including at least five years’ experience at head of department level in an active multi-national commercial bank environment or a large financial institution.
- The applicant must hold a Master’s Degree in Finance, Economics, Commerce, Accounting or any other equivalent and relevant qualification from a recognized university.
- The candidate must be a Certified Public Accountant or a member of the Association of Certified Chartered Accountants (ACCA) or have similar qualifications from other recognized professional bodies.
- Previous experience in managing a portfolio of currencies, resource mobilization and capital markets transactions;
- Previous experience in booking treasury transactions, asset/liability management and swap book management and liability funding;
- Extensive knowledge and experience in the implementation of a core banking system;
- Hands-on experience in concluding resource mobilization transactions in the local and international capital markets and with multi-lateral and bi-lateral funding agencies;
- Broad knowledge, understanding of, and experience in working with, reporting standards such as IFRS and GAAP, and have working knowledge of IPMAS;
- Significant demonstrated experience of the preparation of management and annual accounts, business analysis and management information as well as the development, maintenance and monitoring of management information systems and procedures;
- Computer literacy i.e. proficient in the use of MS Office and financial management software (e.g SAP, Flexcube).
- Must demonstrate impeccable integrity, honesty and a strong ethical background with an ability to resist and maintain zero tolerance for corrupt, political and other undesirable influences;
- Ability to build and maintain constructive and effective relationships with stakeholders and staff alike;
- Must be open to change and be able to adapt established methods for new uses within the Bank;
- Excellent interpersonal skills.
How to Apply:
If you are a national of one of the EADB member states and your career aspirations match the aforementioned job role, please send your application online at the link below