Finance Officer – Management Accountant

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. 44 billion and more than 60,000 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. 11/25

Reporting to: Finance and Treasury Manager

Job Purpose

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

Report Preparations and Interpretation

• 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.

Budget Preparations and Monitor Cost Against Budget

• 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)

Month End Process

• 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

Support in Audit/Examination exercises

• Actively involved in supporting audit exercises
• Produce various reports in the format and manner required by auditors/examiners
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• Assist Finance Manager to attend to inquiries both on-site and off-site
• Any other duties as assigned by CFO from time to time
• Monitoring closure of audit issues

Qualifications/ Experience:

• Certified Public Accountant (CPA-T) or Similar qualifications
• BA. in Accounting or similar qualification.
• Must have a clear understanding of micro finance industry or banking and technology
• Very good knowledge and comfort dealing with financial information
• Very good analytical & reporting skills
• Meet local regulatory requirements
• Good knowledge of WV Grant accounting requirement
• Proficient in Microsoft office application
• Be a good leader
• Very good communication and marketing skills (both written and verbal)

Other Attributes

• Good communication and writing skills.
• High level of integrity and honest
• Should have ability to interact with External stakeholder and Regulatory Authorities
• Excellent analytical skills particular system analysis
• Determines personality with initiative, perseverance and ability to motivate and manage a team.

About our working environment & organization culture:

VisionFund Tanzania Microfinance Bank has a calm and harmonious working environment where staffs are highly valued. Good work is recognized and rewarded accordingly and there is an opportunity to grow professionally and spiritually.

VisionFund Tanzania Microfinance Bank takes our Safeguarding responsibilities seriously and is committed to providing an environment that is safe from harm or abuse for adults, including clients, as well as children. Candidates will undergo criminal record and background/ reference check prior to employment.

Female applicants are particularly encouraged to apply!!

Mode of Application:

Interested and suitably qualified individuals should;

Forward their application letter, attaching certified copies of their academic and professional certificates, detailed CV’s with three referees and National ID to application@vftz.co.tz

All applications should be addressed to;

The Chief Executive Officer,
VisionFund Tanzania Microfinance Bank Limited
P.O. Box 1546,
Arusha, TANZANIA.

The position should be the subject of the email application.

The deadline for the application is on 13th July, 2025.

N.B. Only short-listed candidates will be contacted.

Disclaimer
VisionFund Tanzania Microfinance Bank would like to inform the general public that it has not engaged any consultant/agent to conduct recruitment on its behalf.