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11 Jan 2023

Finance Officer (Reconciliation) at VisionFund Tanzania Microfinance Bank Ltd

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Job Description



VisionFund Tanzania Microfinance Bank Ltd (VFT MFB) formerly known as SEDA is a fast growing and reputable Micro Finance Bank (MFB), has a loan book of more than TZs. 28 billion and more than 30,000 customer base, more that 5,000 of them being small holder farmers. VFT-MFB is seeking to employ a dynamic and committed Tanzanian young men & women who have passion for people’s economic development to fill in the vacant position detailed here below;

Work reference no. 002/2023

Position: Finance Officer (Reconciliation)

Reporting to: Finance and Treasury Manager


Reconciliation and Follow up on Outstanding items

Main Tasks

Perform Monthly Bank Reconciliations and submit the same to the Finance Manager by 5th of the following month
Perform MNOs (Mpesa, Tigo and Airtel) on a daily basis and share the same to Finance Manager
Make follow-up of the reconciliation items, provide status of the outstanding items, aging and action plan going forward
Monitoring items in suspense accounts and ensure they are cleared within the set timelines
Preparing and recommending items to be written-off/recognized as income on a quarterly basis
Ensure sufficient funding of VFT Wallets with MNOs
Engaging Banks and MNOs to obtain confirmation of signatories on semiannual basis and/or as needed
Prepare proposals and keep track of the short term investments to ensure timely follow-up as they mature
Custodian of FDR receipts
Working in collaboration with the Risk Officer to conducting Liquidity Stress testing on a quarterly basis
Performing due diligence for VFT Conduit banks and MNOs
Any other duties as will be assigned by the supervisor


Bachelor Degree in Banking and Finance & Bachelor Degree in Accounts
Very good knowledge of oral & written English
Very good analytical & reporting skills
2 years’ experience in Banking or Microfinance operations
CPA holder is an added advantage
Special / Personal Abilities

Excellent character and unquestionable integrity Ability to do exact and detailed analysis for all loan applications Good negotiation skills and highly determined to accomplish tasks Good Oral and written communication skills

Must be a self-starter, highly motivated, organized, and detail-oriented Model and demonstrates effective Christian leadership

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Method of Application

Interested and suitably qualified individuals should forward their application letter, attaching copies of their academic and professional certificates; detailed CV’s with three referees to; [email protected].

The position should be the subject of the email application.

OR; through the postal address below:

The Chief Executive Officer,

VisionFund Tanzania Microfinance Bank Limited,

P.O. Box 1546,


The application should reach the undersigned not later than 20th January 2023.

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