Workatele

Finance Officer (Funding/Lender Management) at VisionFund Tanzania, Arusha, Tanzania

VisionFund

Finance Officer (Funding/Lender Management) at VisionFund Tanzania, Arusha, Tanzania

VisionFund

Full time Job

Date Posted: March 11, 2024

Application deadline:

Expired on: March 15, 2024 12:00am

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Job description

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;

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.

Application deadline:

Expired on: March 15, 2024

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