Finance Manager

Reporting to: Chief Financial Officer

Job Summary

The Finance Manager is a key member of the finance and administration department, leading account reconciliation and treasury functions while reporting to the Chief Financial Officer. The role involves:

• Developing long-term goals, including writing proposals for investment/risk analysis to support business growth.
• Implementing financial strategies created by management.
• Ensuring compliance with all applicable legal, regulatory, International Financial Reporting Standards (IFRS), and operational risk requirements to minimize risks from non-compliance with policies and procedures.

Essential Duties

• Oversee activities of the accounting section, reconciliation, and treasury functions.
• Supervise posting into the general and subsidiary ledgers.
• Ensure timely reporting by accountants.
• Train newly hired staff on systems and procedures within the department.
• Train staff from other departments on accounting and tax-related issues.
• Review all cash and transitory account reconciliations.
• Ensure timely preparation and accuracy of bank reconciliations.
• Maintain accounting module processes.
• Execute and monitor daily closure of sessions and resolve system-related issues.
• Maintain a log of all system-related problems and processes.
• Ensure preparation of accurate and timely reports, including ALCO reports, income statements, balance sheets, unapplied funds, overpayments, and cash flow statements.
• Manage payroll and payroll-related procedures and transactions.
• Coordinate the preparation of the budget and projections process for the bank.
• Monitor and control the budget during its implementation/execution.
• Track the bank’s strategic implementation status.
• Provide input in the preparation of the bank’s long-term strategic plan.
• Provide variance analysis on budget versus actual reports.
• Review policies related to accounting and treasury functions annually, ensuring operating procedures comply with related policies.
• Facilitate internal and external audits in conformity with FINCA Impact Finance, Central Bank, and other government agencies’ (e.g., tax) reporting requirements.

Education and Experience

• Chartered Accountancy Equivalent required.
• MBA degree is an added advantage.
• Minimum of 5 years in management, financial, and regulatory reporting, including 2 years supervising accounting functions in financial institutions.
• Sound knowledge of accounting and financial management.
• Knowledge of financial reporting and relevant statutory requirements.
• Experience with at least one accounting computer system.
• Sound knowledge of microfinance principles and practices of banking.

How to Apply

Send your CV to TZ_Recruitment@finca.co.tz no later than August 21, 2025.

Note: Only shortlisted candidates will be contacted.