| About OTL. | Opportunity Tanzania Limited is a Microfinance Institution with Branches in Dar-Es-salaam, Arusha, Moshi, Morogoro and Iringa. As the part of Opportunity's International network, OTL's mission is to make available to the economically disadvantaged members of Tanzanian society, small business loans and other appropriate financial services that, coupled with the necessary training, enable them to develop and sustain income generating and job creating enterprises. As an expanding company were are looking for key staff in the following vacancy |
| Position: | Finance Manager |
| Duty station: | Head Office, Dar Es Salaam |
| Reports to: | Chief Executive Officer |
| Overall purpose of the job | · To prepare financial and management accounts, analytical review, statutory compliance and other duties in connection with · Manage OTL's treasury to ensure profitable operations and compliance with existing regulations; · Supervise the accounting and financial management functions of the institution |
| Academic/ professional qualifications | · Certified Public Accountant (CPA–T) or similar qualification. · Bachelor degree in Accountancy or business Administration majoring in finance, banking or financial institution · Above 5 years working experience in financial institution · Skills relating to accounting, budgeting and overhead control, financial reporting |
| Skills and Personal Attributes | Special / Personal Abilities · Highly developed sense of reliability and correctness · Good knowledge in economic and financial topics · Very good analytical skills · Good knowledge of the requirements of Bank of Tanzania, and other regulatory agencies · Be a good trainer, facilitator, mentor, and coach Banking Compliance Regulations and Legal Legislation · Advanced knowledge of related statutory and regulatory banking compliance regulations, accounting principles, and tax laws · Knowledge of the general Banking or Financial Services Act, banking laws and regulations, and local employment and labor laws · Knowledge of the lending, banking and transformation products policies and procedures · Knowledge and experience in international accounting policies and procedures including finance,MIS,IT,Payroll,HR related employment policies and regulations, unsecured staff advances,investment,and purchasing,leasing and acquisition of real property. Planning and Performance Management · Ability to develop accounting policies and procedures · Ability to deliver business goals · Ability to monitor and asses achievement against performance targets ,quality standards and services agreements that aligns with business plan · Excellent organization,delegation,work,and time management skills · Ability to work under pressure and with no supervision at all while performing duties Reporting and communication skills · Advanced skills related to the consolidation,preparation,and submission of regulatory,statutory and accounting reports · Excellent oral and written communication skills with the ability to apply common sense to carry out instructions and instruct others,interprete documents, understand procedures, write reports and correspondence, and speak clearly to third parties and employees Interpersonal skills · Self motivated team player with the ability to adapt and work cooperatively and effectively in different situations and teams to carry out assigned task · Ability to build and maintain effective relationships with individuals and team as a whole · Ability to motivate others by personal role modeling, professional credibility, and trust · Ability to deal with complex problems involving multiple facets and variables in non standardized situations · Ability to work co-operatively and effectively in different situations and teams to carry out assigned task Commitment to OI Network Christian Mission and Gender Policy and Equity · Commitment to the OI Network mission, corporate values, and Christian motivation as expressed in the ability to incorporate the mission, corporate values, and Christian motivation as expressed in the ability to incorporate the mission and values in the work area · Commitment to poverty eradication and an ability to transform the lives and communities of people in poverty · Ability to support and implement transformational activities aimed at empowering all staff and clients in such a way that they become agents of social,spiritual,political, and economic transformation in their own communities · Commitment to promoting and supporting gender policy and equity · Commitment to equal opportunity and diversity policy and equity Mathematical and Numeric Skills · Calculation of interest,commissions,propotios,and percentages balancing of accounts · Addition,Subtraction,multiplication and division in all units of measure using whole numbers · Common fractions and decimals · Skill to locate mathematical errors |
| Key Responsibilities | · Leads the development of an overall business plan for OTL that includes, among other things, the branch targets and projections; · Continuous monitoring of the financial performance of the company against business plans; · Provides support to Head Office and the Branches in preparation of the business plan and monitoring of the annual operating plans and budgets; · Establishes, reviews, and updates financial policies and procedures that are relevant and cost effective to the company; · Acts as a member of the Asset Liability Management Committee (ALCO) and furnishes the ALCO with the necessary information for them to make "sound, viable decisions;" · Performs functions specified by the BOD and/or ALCO in relation to establishing broad guidelines for the institution's tolerance for risk, and expectations from investment; · Introduces measures to enhance the credibility and objectivity of financial statements and reports prepared with reference to the affairs of OTL; · Measures and controls the institution's funding requirements; · Manages access to funds; Makes periodic assessment of liabilities and liability holders; Explores borrowing arrangements; · Ensures that there is adequate control of cash and other assets (budgetary management and control) according to laid down policies, both in the head office and the branches; · Develops contingency plans for OTL to withstand liquidity crises, and updates the contingency plans, as the need arises; · Recommends to the ALCO and Board of Directors policies or changes on policies on liquidity and funds management, and ensures timeliness, applicability, and practicality of these policies; · Maintains the finance management manuals, including treasury and accounting and ensures that all changes related to policies and procedures would be incorporated in the manual; · Provides technical oversight to the branch accountants in formulating and implementing the branch accounting system; · Ensures absolute compliance to regulations on liquidity, capital adequacy, and provisioning; as well as to reporting requirements set by Bank of Tanzania (BoT) and other regulators; · Attends to inquiries, on-site or off-site, from Bank of Tanzania, other regulators, and external auditors, and provides due assistance to the regulators and external auditors during inspection; · Ensures that OTL maintains adequate and accurate records including balance sheet and periodic statements of income and expense; · Ensures Bank, Drawdown and Mobile Money accounts' reconciliations are up to date · Ensure Management and control of Fixed assets · Provides the Finance Department staff the necessary training and other support to enable them to fulfill their duties accordingly; · Supervises, monitors, and evaluates the work of the finance staff and provides input to the annual staff appraisal exercise; · Advisor to the CEO and Senior Management on all matters relating to finance including treasury and accounting; · Submit timely financial returns to the BOD,OIN, Senior management, regulators, and other stakeholders; · Liaises with tax authorities/ consultants whenever necessary; · Maintains insurance portfolio and ensures that all claims are settled without undue losses to the company. · And any other duties that may be assigned by the CEO from time to time. |
| Personal Attributes | · Visionary Leadership - Displays passion and optimism; Inspires respect and trust; Mobilize others to fulfill the vision; Provides vision and inspiration to all stakeholders he comes across. · Critical Judgment and Decision making-Define issues and focus on achieving workable solutions to obstacles. Make sensible decisions on the basis of analysis and experience. · Inspires Commitment- Lives out of the OI Network mission, corporate values and Christian motivation. Actions and behaviors are consistent with words. · Excellent communicator- Communicates well, both verbally and in writing. Effectively conveys and shares information with others. · Change Management – Assist in developing workable implementation plans; Communicates changes effectively; Builds commitment and overcomes resistance; Prepares and supports those affected by change; Monitors transition and evaluates results. · Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations. · Business Acumen - Understands business implications of decisions; Displays orientation to profitability; Demonstrates knowledge of market and competition. · Interpersonal Skills - Maintains confidentiality; Remains open to others' ideas and tries new things. · Ethics based upon Biblical Principles - Treats people with respect; Keeps commitments; inspires the trust of others; Works with integrity and ethically; Upholds organizational values. · Analytical skills- Ability to analyse different situations quickly and come up with workable solutions |
How to apply
Interested and qualified candidates are invited to send Curriculum Vitae before 8thMay, 2015. Only Curriculum vitae will be accepted through email address below
Head Human Resources
Alli Hassan Mwinyi Rd, Opp. AAR Hospital
P.O Box 80244
Dar es Salaam
NOTE: Only short listed candidates will be contacted.
OPPORTUNITY TANZANIA IS AN EQUAL OPPORTUNITY EMPLOYER
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