Management Accountant at VisionFund Tanzania Microfinance Bank Ltd

Management Accountant

VisionFund Tanzania Microfinance Bank Ltd

Arusha

Job Description

VISIONFUND TANZANIA MICROFINANCE BANK LTD

VACANCIES

VisionFund Tanzania Microfinance Bank Ltd (VFT MFB) formerly known as SEDA is a fast growing and reputable Micro Finance Bank (MFB), has a loan book of more than TZs. 28 billion and more than 30,000 customer base, more that 5,000 of them being small holder farmers. VFT-MFB is seeking to employ a dynamic and committed Tanzanian young men & women who have passion for people’s economic development to fill in the vacant position detailed here below;

Work reference no. 001/2023

Position: Management Accountant

Reporting to: Finance and Treasury Manager

Responsibility:

• Preparation of Financial & Reconciliations and other reports for Internal and External Stakeholders including Management, Regulators and the Group
• Analyses and Interprets financial information that helps to make business decisions to improves efficiencies Main tasks
• Ensure compliance with the reporting requirements as per VFT MFB Policy and relevant regulations particularly the Central Bank reports
• Prepares various reports for Management, VFI, Regulators and other stakeholders in accordance with the requirements and specified frequencies.
• Analyses and Interprets reports to provide insights and recommendations regarding financial performance and compliance to various set limits
• Monitor Covenants and Prepare Grant and similar reports for Donors and Lenders.
• Provide input in the preparation of budget
• Advise Finance Officers (payment) on budgetary control
• Monitoring all costs to ensure that they are rational and advise payment officer on the relevant checks
• Provides insight on various costs patterns and recommend ways to make savings (e.g. considerations on switching service providers and suppliers e.t.c)
• Conducts various reconciliations of all key components of the Financial Reports (Internal Accounts) to ensure accuracy on month and year end/ closure process
• Monitoring Suspense accounts to ensure all movements are correct and justifiable and also items are cleared in good time
• Review and capturing of presented Loan write offs
• Maintaining Head Office Accounts and Subsidiary ledgers for all assets and liabilities

Education/Experience

• Certified Public Accountant (CPA-T) or Similar qualifications Bachelor in Accounting or similar qualification
• Must have a clear understanding of Microfinance industry or banking and technology
• Very good knowledge and comfort dealing with financial information
• Very good analytical & reporting skills
• Meet local regulatory requirements
• 3 years’ experience in Banking or Microfinance operations

Special / Personal Abilities

• Excellent character and unquestionable integrity Ability to do exact and detailed analysis for all loan applications Good negotiation skills and highly determined to accomplish tasks Good Oral and written communication skills
• Must be a self-starter, highly motivated, organized,and detail-oriented Model and demonstrates effective Christian leadership

Mode of Application:

Interested and suitably qualified individuals should forward their application letter, attaching copies of their academic and professional certificates; detailed CV’s with three referees to; vftHRstaff@vftz.co.tz

The position should be the subject of the email application.

OR; through the postal address below:

The Chief Executive Officer,

VisionFund Tanzania Microfinance Bank Limited,

P.O. Box 1546,

Arusha, TANZANIA.

The application should reach the undersigned not later than 20th January 2023.