Finance and Administration Manager

Overview

Markazi Bora Finance Limited (MBFL) is a microfinance company registered under Companies Act, 2002 (Reg. No. 139725735) with the objective of provision of housing and microenterprise financing to low and middle-income communi­ties in order to improve communities’ living standards. The company has taken over the housing microfinance services that were operated by Habitat for Humanity Tanzania (HFHT), the organization that was very active in housing microfinance in the country.

In order to strengthen operations in the provision of housing and microenter­prise financing, the company is intending to acquire a very competent manage­ment team to oversee day-to-day operations. 

In this view, the company is inviting the motivated and qualified Tanzanians to fill in the following vacancies at its office in Dar Es Salaam.

FINANCE AND ADMINISTRATION MANAGER

The Finance and Administration Manager (FAM) shall be responsible for the financial and administrative matters of the organization. He/She shall report to the General Manager.

(i) Key Responsibilities

• Support the development and implementation of the company strategic and business plan through the allocation of financial resources to ensure proper management of financial resources and assets of the company.
• Manage the utilization of company finances according to established policies, plans, and procedures. Assist in carrying out financial planning using projection models and other financial tools and disseminate the Information to various stakeholders within and without the organization.
• Monitor performance against financial plans and provide relevant and timely information to the Board, Senior Management peers, Departments, branches and other stakeholders.
• Provide accurate and timely periodic financial reports and other reports to the various stakeholders as per policy or on need basis; prepare reports for management, directors, auditors, regulators, government agencies and departments including for tax compliance purposes.
• Coordinate with the external auditors to ensure timely and expeditious facilitation external auditing requirement and statutory reporting of financial performance.
• Manage the preparation of financial proposals and related supporting documentation for donor funding, external financiers, commercial financing, regulatory and government authorities, external auditors, and financial * consultants as needed.
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• Implement policies and procedures to guide the management of the investment portfolios in the company.
• Ensure reliability and integrity of financial and operating information systems
• Budget preparation and consolidation of annual projections
• Manage balance between risk and return by maintaining a positive spread between the interest rates on earning assets and the interest cost of funds
• Manage all payments, and collection & company of revenue
• Manage all capital expenditure and procurement for the institution
• Oversee funding requirements and liquidity management of the institution
• Safeguard cash balances and oversee inter branch transfers
• Ensure proper custody of security, deeds and other important documents
• Ensure that the organization does not suffer financial loss through fraud and error by ensuring that assets are safeguarded and by closely maintaining and monitoring efficient and adequate internal control systems
• Supervise the running of the finance department to ensure adherence to institution’s policies, procedures and regulations.
• Ensure compliance with laid down conditions and terms pertaining to loan agreements with external financiers.

(ii) Qualifications and Experience

• Bachelor’s degree in Commerce (Accounting option) or Finance/Business Administration/Economics or related field.
• Training in microfinance or banking field will be an added advantage
• Must be a CPA (T) or ACCA final mode in related accounting, finance or audit field
• Thorough knowledge of financial services/Microfinance industry policies and regulatory requirements as relates to MFI institutions.
• Have 3 -years relevant work experience preferably in a similar position in a financial environment

MODE OF APPLICATION 

Interested candidates should send their applications to the undersigned by 5th December 2019:

The Microfinance Consultant,
Makazi Bora Finance Limited,
P.O. Box 31451,
Dar Es Salaam
Email: mbfl@makazibora.co.tz

Only Shortlisted candidates will be contacted for interview.