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. 40 billion and more than 50,000 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. 03/24
Position: Finance Officer (Funding/Lender Management)
Reporting to: Chief Finance Officer
Job Purpose
- Creating and Maintaining Quality Relationships with Lenders through-out Lender
- Management Cycle
- Grant Management
Main tasks
- Create Pipelines and Establishing Contacts with Potential Lenders/Funders for VFT MFB
- Coordinating Initial Engagements to Introduce Lenders/Funders to VFT MFB
- Maintaining Monthly Updates of VFT MFB Profile for Potential Lenders/Funders Consumption
- Coordinating and Disseminating Information needed for Due Diligence Exercises
- Maintaining all Paperwork Relating to Lenders and Loans
- Work with Lenders and VFT MFBs banks to ensure complete registration of all loans as per Central Bank Requirements
- Engage with Lenders on the Technical Assistance Opportunities that VFT MFB may benefit from
- Preparing Monthly Foreign Debts Reports required by the Central Bank
- Ensure Compliance with Local Tax Laws and Regulations with respect to Foreign Debts
- Preparing Reports in the Format and Frequency Required by Lenders
- Maintaining a Current Covenants Compliance Report for Management Consumption
- Maintain Repayment Calendar/Schedule for all the loans, put the Finance Manager in the loop to ensure availability of funds for loan repayments
- Monthly Reconciliation Between Loan Interest Accrual Schedules and Accounts Records Maintained in the System
- Work in collaboration with Head Office Accountant to ensure Compliance with Grant MoUs (Conditions and Reporting Requirements)
- Any Other Duties as will be assigned by Supervisor
Qualifications and experience
- Must have a General Understanding of Microfinance Industry and/or banking
- Very good in communication skills both Spoken and written
- Finance/Accounting Background
- Very good analytical & reporting skills
- Good Understanding of local regulatory requirements especially around Foreign Debts
- Proficient in Microsoft office application
- Model and demonstrate effective Christian Leadership and Devotions.
Other attributes.
- Committed Christian
- Good communication and writing skills
- Competent in Microsoft word, excel and power Point
- Knowledge in social media marketing
- Excellent analytical skills.
- Determined personality with initiative, perseverance, self-motivated and ability to work with very minimal supervision.
About our working environment & remuneration.
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.
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 also a copy of NIDA ID to vftHRstaff@vftz.co.tz.
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 and deadline for the application is on 15th March, 2024.
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.
