Internal Auditor 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: INTERNAL AUDITOR 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 planning, organizing and conducting audit functions within the Fund;
ii. To assist in developing efficient and effective internal auditing systems and coordinate planned audit activities;
iii. To assist in preparation and implementation of annual internal audit plans and strategies;
iv. To assist in preparing and conducting periodic reviews of Internal Audit Manual in consultation with the Head of Internal Audit, who prescribes the internal audit approach, methodology, policies, procedures and guidelines;
v. To ascertain compliance to applicable laws and regulations; internal policies and procedures; plans, budgets and financial regulations;
vi. To ensure execution of special investigations, special inspections and surprise checks as may be instructed or reported cases may apply;
vii. To ensure compliance to accounting, auditing and other applicable standards and guidelines set by professional bodies;
viii. To assist in reviewing of annual financial statements before their submission to external auditors and advise the Fund’s Management accordingly; and
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, Auditing, Commerce or Business Administration (majoring in Accountancy or Finance) or equivalent qualifications from any recognized institution. The candidate must possess CPA (T), ACCA, ACA, CIA, or equivalent professional qualification recognized by 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 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 5
The deadline for submitting the application is 06 February 2022.