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11 Jan 2023

Finance Officer (Reconciliation) at VisionFund Tanzania Microfinance Bank Ltd

Job Description



Post: Finance Officer (Reconciliation)

VisionFund Tanzania Microfinance Bank Ltd

Location: Arusha

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

Finance Officer (Reconciliation) at VisionFund Tanzania Microfinance Bank Ltd

Mode 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;

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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