Thursday, November 13, 2014

FINANCE OFFICER - TANZANIA AGRICULTURAL DEVELOPMENT BANK LIMITED




FINANCE OFFICER - TANZANIA AGRICULTURAL DEVELOPMENT BANK LIMITED
TANZANIA AGRICULTURAL DEVELOPMENT BANK LIMITED
EMPLOYMENT OPPORTUNITIES
The Government of Tanzania established Tanzania Agricultural Development Bank Limited (TAD B) under the provisions of the Banking and Financial Institutions Act No 5 of 2006 and the Banking and Financial Institutions (Development Finance) Regulations, 2012. The TADB is incorporated under the Companies Act, Cap 212 of 2002. The primary objective for which the bank is established is to catalyze delivery of various forms of financing to the agricultural sector.
In particular, the bank has the following key objectives:
•    To catalyse credit delivery to the agricultural sector and thereby accelerate agricultural growth;
•    To lead, as an apex agricultural financing bank, in capacity building strategies and programmes to strengthen the agriculture finandal value chain;
•    To be an important initiative in the implementation of the Government's Second Generation Rnancial Sector Reforms (FSAP) as well as in the furtherance of the National Strategy for Growth and Reduction of Poverty for Mainland Tanzania (MKUKUTA), and Zanzibar Strategy for Growth and Reduction of Poverty (MKUZA);
•    To catalyse existing agro-financing activities through provision of short, medium and long-term facilities through the following institutions: commercial banks, community banks, savings and credit cooperative societies (SACCOS) and microfinance institutions (MFIs) that are active in lending to the agricultural sector.
TADB is hereby inviting applications from suitably qualified candidates to fill the following job vacancies:
POSITION; FINANCE OFFICER
Department: Finance

Reports to: Finance Manager

Duties and Responsibilities:
•    To establish and maintain financial and accounting internal processes to ensure the bank complies with all statutory and regulatory requirements;
•    To manage the efficient and effective auditing of the bank's accounts and business processes in accordance with appropriate accounting standards;
•    To assist the Finance Manager with the preparation and management of operational and capital expenditure budgets, and cash flow forecasts;
•    To participate in negotiations with contractors and suppliers, and assist in the establishment and maintenance of business agreements appropriate to support the operational and strategic initiatives of the bank;
•    To ensure budgets are in line with work plans and strategic objectives and to ensure that expenditures deliver good value for money for the bank;
•    To ensure there is adequate separation of duties in the financial and accounting system and measures are in place to counter the risk of fraud
•    To analyze monthly progress of actuals and forecasts to year-end against year-to-date and annual budgets;
•    To maintain and reconcile all accounts receivable including amounts due from staff to ensure prompt and regular collection of dues;
•    To maintain and reconcile all accounts payable including statutory dues to ensure correct and timely payment are made for the goods and services obtained by the bank;
•    To maintain a Fixed Assets Register of the bank;
•    To record all receipts, journal vouchers, debit notes and petty cash summary and maintains respective files containing those documents;
•    To prepare, record and file all payment vouchers;
•    To prepare, record and file all credit notes;
•    To record all receipts, journal vouchers, debit notes and petty cash summary and maintain respective files containing those documents;
•    To post all authorized transactions in the system and ensure that system records portray true and updated financial position of the bank on a daily basis;
•    To maintain and reconcile all bank accounts and accounts receivable including amounts due from staff to ensure prompt and regular collection of dues;
•    To maintain and reconcile all accounts payable including statutory dues to ensure correct and timely payment for the goods and services obtained by the bank;
•    To maintain good working relationships with staff in other directorates, departments and units as well as external stakeholders; and
•    To undertake any other duties as assigned by the supervisor and/or Management of the bank.
Minimum Qualifications:
Bachelor's Degree in Accounting or finance or equivalent qualification.

Minimum Experience
Possession of work experience in related field will be an added advantage.

Career Progression:
The holder of the position can compete to fill any more senior vacant position, provided he/she possesses the required minimum qualifications and experience.

Competencies
General competencies: Computer literacy, customer needs oriented, ethical and diligent worker, team player.
MODE OF APPLICATION
Your application should include application letter, up-to-date CV with full names, contact addresses,
telephone numbers and e-mail addresses of the candidate, certified copies of relevant certificates
including a birth certificate and two reference letters.
All applications must be submitted through postal or couriers services. No application from physical visit by the applicant to the TADS Offices shall be entertained.
Applications should reach the undersigned by 4.00 pm on 26th November 2014

Managing Director,
Tanzania Agricultural Development Bank ltd,
7th Floor Samora Tower, Samora Avenue,
P. O. Box 63372,
DAR ES SALAAM.
SOURCE; DAILY NEWS 13TH NOVEMBER 2014.


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