Accountants 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: ACCOUNTANT 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 updating and reconciling the general ledger monthly and make the necessary adjustments in respect of pending transactions appearing in the suspense accounts;
ii. To assist in monitoring of cash reserves and investments and prepare and reconcile bank statements monthly or as guided by the accounting policy;
iii. To participate in issuing of cheques for all accounts due and ensure payment transactions are properly recorded and entered into the computerized accounting system;
iv. To participate in preparing financial statements;
v. To assist with the preparation for annual audit and attend to audit queries/requirements as relates to accounting deficiencies;
vi. To assist in updating the computerized accounting system, financial files, and key accounting records;
vii. To reconcile the accounts payable and accounts receivable ledgers including the loan portfolio account and ensure the sum total of the individual accounts is equal to the control account figures in the respective ledgers;
viii. To participate in preparing journal summaries/journal vouchers for transactions such as purchases, imprest retirements, adjusting entries, and posting them accordingly as guided by the chart of accounts;
ix. To perform any other duties as may be assigned by his/her Supervisor.
QUALIFICATION AND EXPERIENCE
Holders of Bachelor Degree in one of the following fields: Accountancy, Finance, Commerce or Business Administration (Majoring in Accountancy or Finance) or its equivalent from any recognized Institution. The candidate must possess CPA (T), ACCA, ACA, CIMA or equivalent professional qualification recognized by the NBAA
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 loans
vi. Ability to recover loans from defaulters
vii. Good communication skills
viii. Ability to work under pressure
ix. Readiness to work anywhere in Tanzania
REMUNERATION SMF SS 5
The deadline for submitting the application is 06 February 2022.