Specialist Funds Management at CRDB Bank Plc, Dar es Salaam (March 2026)

To maintain accurate accounting records for the Collective Investment Scheme (CIS), support Net Asset Value (NAV) calculations, prepare financial statements in compliance with International Financial Reporting Standards (IFRS), perform reconciliations, and support audit, tax, and regulatory reporting requirements Top of Form, Bottom of Form.

• Maintain the fund’s general ledger and subsidiary ledgers in accordance with approved accounting policies.
• Record all investment transactions, including purchases, sales, maturities, corporate actions, and income accruals.
• Prepare daily, monthly, and annual financial statements in compliance with IFRS and scheme constitutive documents.
• Calculate and record management fees, custodian fees, trustee fees, audit fees, and other fund operating expenses.
• Prepare accruals for dividends, interest income, withholding taxes, and other receivables or payables.
• Ensure correct accounting treatment for unrealized gains and losses in line with IFRS valuation principles.
• Perform daily reconciliations between fund administration system records, custodian statements, and the general ledger.
• Reconcile cash balances, investment holdings, income received, and expenses.
• Investigate and resolve reconciliation discrepancies promptly and document resolutions.
• Reconcile total units outstanding per the unit-holder registry with fund accounting records.
• Maintain complete reconciliation records and audit trails.
• Prepare audit working papers, schedules, confirmations, and supporting documentation.
• Respond to auditor queries and provide timely explanations and evidence.
• Support interim and year-end statutory audits in line with audit timetables.
• Assist in implementing audit recommendations and management letter action points.

OTHER RESPONSIBILITIES:

• Monitor changes in tax legislation affecting investment funds and advise on implications.
• Coordinate with external tax advisors on complex or non-routine tax matters.
• Monitor fund operating expenses against approved budgets and Total Expense Ratio (TER) limits.
• Process and verify invoices from service providers prior to payment.
• Calculate and disclose the Total Expense Ratio (TER) for regulatory and investor reporting.
• Ensure expense allocations are accurate, fair, transparent, and consistent with scheme rules.

REGULATORY AND BUSINESS CONDUCT:

• Ensure adherence to all internal and external regulations.
• Good relationship with regulators with ability to contribute & where possible influence policy formulation.

• Bachelor’s degree in finance, Economics, or a related field (MBA preferred).
• Minimum 3 years’ accounting experience, preferably in financial services, fund accounting, or custody operations.
• Completion of the Securities Industry Certification Course (SICC) by CMSA.
• In-depth knowledge of the Tanzanian capital market, including the fund management and other trading regulations.
• Strong understanding of various asset classes traded on the DSE (equities, bonds, derivatives).
• Strong communication, interpersonal, and leadership skills.
• Proficiency in financial modelling and fund management systems.
• Familiarity with Tanzanian capital market regulations (CMSA) is a strong asset.
• Must be a Tanzanian citizen or possess a valid work permit for Tanzania.

Behavioral skills:

• Excellent analytical and problem-solving skills.
• Relationship building and networking skill.
• Strong communications and presentation skills.
• Ability to complete assignment/ job within stipulated timeline.
• Should be responsible for timely and cost-effective completion of assignments at hand.

CRDB Bank is dedicated to upholding Sustainability and ESG practices and encourage applicants who share this commitment. The Bank also promotes an inclusive workplace, hence applications from women and individual with disabilities are encouraged.

It is important to note that CRDB Bank does not charge any fees for the application or recruitment process, and any requests for payment should be disregarded as they do not represent the bank’s practices.

Only Shortlisted Candidates will be Contacted.