Employment
Vacancies at FINCA Microfinance Bank Limited
Overview
FINCA
Microfinance Bank in Tanzania, one of 20 subsidiaries of FINCA Impact Finance,
started its operations in 1998 in Mwanza. It has since then extended throughout
the country, currently operating 26 branches in 17 regions in the country.
FINCA Microfinance Bank now serves more than 120,000 active clients countrywide
who are served by over 700 staff countrywide.
The
Chief
Financial Officer (CFO)
is
directly responsible for managing all finance and accounting activities of
FINCA Tanzania and supervises all its finance staff. S/he will ensure that the
financial activities of FINCA Tanzania will support FINCA Tanzania in pursuing
its mission with a minimum of risk and a maximum of efficiency. As a member of
the Management Team/Board, s/he shares responsibility for the overall
performance and activities of FINCA Tanzania and participates in making
decisions on material issues.
ESSENTIAL
DUTIES
include
the following. Other duties may be assigned.
Manage
generation of financial statements according to local accounting standards
Manage
timely reporting to relevant local authorities (central bank, tax office, etc.)
Manage
timely reporting to F/I and hub
Analyze
financial data and develop financial analysis as a key management tool with the
aim of optimizing FINCA Tanzania’s activities: identify risks, inefficiencies,
negative tendencies, and propose measures that reduce risks, improving
efficiency, and reverse negative tendencies
Create/modify
procedures such that they are low-risk and efficient
Ensure
compliance of FINCA Tanzania with financial covenants in agreements with
creditors and donors
Create
cash flow forecasts
Ensure
the availability of sufficient resources for lending in the required currency
Manage
all financial transactions with creditors, banks, donors
Manage
the planning and budgeting process of FINCA Tanzania
Act as
the coordinator and main contact person with external auditors
Keep all
Management Team/Board members informed about relevant issues/developments in
FINCA Tanzania’s finance activities and department
Participate/vote
in decision-making (with Management Team/Board Members) on relevant “Finance”
and “Non-Finance” issues
Manages
relationships with all Lenders, both local and external, in concert with the
CMG Team in HQ.
Manage
the ALCO Process as the principal representative of the local subsidiary.
SUPERVISORY
RESPONSIBILITY
Supervise
all finance staff of FINCA Tanzania. For finance staff located in branches, the
CFO retains the “professional responsibility”, whereas the “administrative
responsibility” is transferred to the branch manager
Responsible
for hiring/evaluating all finance staff (for branch employees: professional
responsibility only; administrative responsibility is with branch manager), and
their dismissal, if necessary
Assess
the training requirements for the Finance Department as a whole and for its
individual employees, and develop a capacity building plan for the Department
and its individual employees
Preparation
of staff to assume management positions
Conduct
performance evaluations of the staff reporting to him/her and verify that the
supervisory personnel also perform evaluations of their staff in a timely
manner according to established procedure
KEY
DELIVERABLES
Create/develop
appropriate reports: financial ratios; liquidity report; currency gap report;
various credit reports; breakdown by branches/regions; breakdown by-products;
plan-fact comparison; historical development; other as required/appropriate
Ensure
compliance of FINCA Tanzania’s finance activities with the Charter/bylaws of
the subsidiary; FINCA and subsidiary policies, procedures, plans, and
agreements; decisions of subsidiary governing bodies as well as headquarter and
regional office supervisor(s); maintain good coordination with the regional
office, headquarters, and governing bodies
Present
relevant “Finance” issues to the Management Team/Board for information,
discussion, decision making
KEY
RELATIONSHIPS
Subsidiary
Chief Executive Officer
Subsidiary
Chief Operations Officer
Global
Chief Financial Officer
Subsidiary
finance team
Job
Requirements
Education
& Experience
Master’s
Degree in Business, Finance, Economics, Management or Marketing (or equivalent
work experience)
CPA, or
Chartered Accountancy qualification (desirable)
Commercial
banking experience (a minimum of 5 years is required, more – desirable)
Experience
working in Tanzania (required)
Language
Skills:
Fluency in English
TRAVEL
REQUIREMENTS
Availability
and willingness to travel up to 25% of the time
PHYSICAL
DEMANDS
Ability
to travel in economy class when traveling by air or rail.