Accounts Officers Jobs Vacancy at Self Microfinance Fund Tanzania January 2022
About Self Microfinance
SELF Microfinance Fund is a product of Government Project which was known as ‘Small Entrepreneurs Loan Facility (SELF)” formed in 1999. SELF Project was among Government programmes pursuing poverty alleviation role on behalf of the Government which was jointly funded by Government of Tanzania and African Development Bank (AfDB).
The Project focused on enhancing the contribution of the Small Medium Enterprises (SMEs) to economic growth and reduction of poverty and to enhance microfinance industry in Tanzania through;
Wholesale loan fund to eligible Microfinance Institutions (MFIs);
Strengthening the capacity of collaborating MFIs through training and institutional support; and
Promote and sensitize the formation of new grassroots MFIs.
The performance of the Project was significantly notable, and thus it was found to be beneficial to transform the Project into a sustainable entity beyond its project life to enable it pursue further this noble role. The Cabinet sitting of 13th June 2014; assented SELF II Project to transform to Company Limited by Guarantee (CLG), which conforms adequately on status incorporation, business form, assets transfer and ownership. SELF Microfinance Fund was incorporated on 14th September 2014 under Company Act 2002 as a Company Limited by Guarantee and the main guarantor being the Government of United Republic of Tanzania through the Ministry of Finance and Planning under the Treasury Registrar.
In November 2018, The Government of Tanzania reached the decision to merge SELF Microfinance Fund (SELF MF) and UTT Microfinance (UTT MFI). The merging aimed at synergizing human capital, Financial (Capital Investment) and business opportunities that existed between the two (2) companies and reduce Government dependence. Merging the two companies provided the new formed company with synergies and economies of scale that can lead to greater efficiency and profitability.
JOB POST: ACCOUNTS OFFICER II – 1 POST
POST CATEGORY(S): ACCOUNTING AND AUDITING
EMPLOYER SELF: Microfinance Fund
APPLICATION TIMELINE: 2022-01-24 to 2022-02-06
JOB SUMMARY N/A
DUTIES AND RESPONSIBILITIES
i. To assist in preparing various payment reports, schedules, and lists of various expenditures;
ii. To assist in maintaining cash controls and checks and balances through appropriate segregation of duties;
iii. To participate in monitoring cash reserves and investments,
iv. To participate in preparing and reconciling bank statements monthly as guided by the accounting policy;
v. To examine payments;
vi. To serve as a cashier for both receiving and paying funds, issuing receipts for funds received, and obtaining acknowledgement for funds paid;
vii. To deposit and withdraw funds from bank accounts and prepare bank reconciliation statements;
viii. To maintain ledger accounts, journal, cashbook, and other accounting records and reconciles control accounts in the general ledger with subsidiary ledgers;
ix. To prepare bills and other debt documents; and
x. To perform any other duties as assigned by the supervisor.
QUALIFICATION AND EXPERIENCE
Holders of Bachelor Degree or Advance Diploma in one of the following fields: Accountancy, Finance, Commerce or Business Administration (majoring in Accountancy or Finance) or Intermediate Certificate (Module D) or equivalent qualifications recognized by the NBAA.
EXTRA QUALIFICATION
i. Ability to sale and market SELF MF products
ii. Ability to negotiate with clients
iii. Ability to handle customers
iv. Flexibility on job rotation
v. Ability to analyze and interpret loan applications
vi. Ability to recover defaulted loans
vii. Good communication skills
viii. Ability to work under pressure
ix. Readiness to work anywhere in Tanzania
REMUNERATION SMF SS 4The deadline for submitting the application is 06 February 2022.
