Finance Officer (Reconciliation Officer)

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. 28/25

Position: Finance Officer (Reconciliation Officer)

Reporting to: Finance Manager

1. Job Purpose; –

   • Reconciliation (60%)
   • Follow-up on Outstanding Items, Also Budgetary Control and Treasury activities (40%)

2. Main Responsibilities: –

   • Perform Monthly Bank Reconciliations and submit the same to the Finance Manager by 5^th of the following month
   • Perform MNOs (Mpesa, Tigo and Airtel) on a daily basis and share the same to Finance Manager
   • Make follow-up of the reconciliation items, provide status of the outstanding items, aging and action plan going forward
   • Monitoring items in suspense accounts and ensure they are cleared within the set timelines
   • Preparing and recommending items to be written-off/recognized as income on a quarterly basis
   • Ensure sufficient funding of VFT Wallets with MNOs
   • Engaging Banks and MNOs to obtain confirmation of signatories on semiannual basis and/or as needed
   • Prepare proposals and keep track of the short term investments to ensure timely follow-up as they mature
   • Custodian of FDR receipts
   • Working in collaboration with the Risk Officer to conducting Liquidity Stress testing on a quarterly basis
   • Performing due diligence for VFT Conduit banks and MNOs
   • Any other duties as will be assigned by the supervisor

3. Education; –

1. • Bachelor Degree in Banking and Finance & Bachelor Degree in Accounts
   • Very good knowledge of oral & written English
   • Very good analytical & reporting skills
   • 3 years’ experience in VFT MFB or in accounting field
   • CPA holder is an added advantage
   • Proficient in Microsoft office application

Attributes Desired for a position above; –

• honest, hardworking, friendly, focused;

• Local language skills;

• High standards in regards 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

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;

1. 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

2. All applications should be addressed to;

The Chief Executive Officer,

VisionFund Tanzania Microfinance Bank Limited

P.O. Box 1546,

Arusha, TANZANIA.

3. The position should be the subject of the email application.

4. The deadline for the application is on 31^st August, 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.