Finance Officer (Reconciliation Officer)

Work Reference No.: 28/25

Reporting to: Finance Manager

Job Purpose

The Finance Officer (Reconciliation Officer) focuses 60% on reconciliation tasks and 40% on follow-up of outstanding items, budgetary control, and treasury activities.

Main Responsibilities

• Perform monthly bank reconciliations and submit them to the Finance Manager by the 5th of the following month.
• Perform daily MNO (Mpesa, Tigo, and Airtel) reconciliations and share them with the Finance Manager.
• Follow up on reconciliation items, provide status updates, aging, and action plans for outstanding items.
• Monitor items in suspense accounts and ensure they are cleared within set timelines.
• Prepare and recommend items to be written off or recognized as income on a quarterly basis.
• Ensure sufficient funding of VFT Wallets with MNOs.
• Engage banks and MNOs to obtain confirmation of signatories on a semiannual basis or as needed.
• Prepare proposals and track short-term investments to ensure timely follow-up as they mature.
• Act as custodian of FDR receipts.
• Collaborate with the Risk Officer to conduct quarterly liquidity stress testing.
• Perform due diligence for VFT conduit banks and MNOs.
• Perform any other duties assigned by the supervisor.

Required Skills, Knowledge, and Competencies

• Bachelor's Degree in Banking and Finance or Accounting.
• Very good knowledge of oral and written English.
• Very good analytical and reporting skills.
• 3 years' experience in VFT MFB or in the accounting field.
• CPA holder is an added advantage.
• Proficient in Microsoft Office applications.

Attributes Desired for All Positions

• Honest, hardworking, friendly, and focused.
• Local language skills.
• High standards in regard to quality of work.
• Able to work independently and as a team member.
• Attention to detail.
• Experience in banking or microfinance.
• Commitment to the social mission of microfinance.

Application Process

Interested and suitably qualified individuals should:

• Forward their application letter, attaching certified copies of academic and professional certificates, detailed CVs with three referees, and National ID to application@vftz.co.tz.
• Address applications to: The Chief Executive Officer, VisionFund Tanzania Microfinance Bank Limited, P.O. Box 1546, Arusha, TANZANIA.
• Use the position title as the subject of the email application.
• Submit applications by 31st August 2025.

Note: Only short-listed candidates will be contacted.

Disclaimer
VisionFund Tanzania Microfinance Bank has not engaged any consultant or agent to conduct recruitment on its behalf.