Finance Officer (Reconciliation Officer) Job at VisionFund Tanzania

Position: Finance Officer (Reconciliation Officer)

Location: Arusha, Tanzania

Deadline: 31st August 2025

Key Requirement: Bachelor's in Banking/Finance + 3 years' experience (CPA preferred)

Reference: Work Reference No. 28/25

About VisionFund

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. 44 billion and more than 60,000 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;

Job Purpose

The Finance Officer (Reconciliation Officer) focuses 60% on reconciliation tasks and 40% on follow-up of outstanding items, budgetary control, and treasury activities.

Key Responsibilities

  • Perform monthly bank reconciliations and submit them to the Finance Manager by the 5th of the following month.
  • Perform daily MNO (Mpesa, Tigo, and Airtel) reconciliations and share them with the Finance Manager.
  • Follow up on reconciliation items, provide status updates, aging, and action plans for outstanding items.
  • Monitor items in suspense accounts and ensure they are cleared within set timelines.
  • Prepare and recommend items to be written off or recognized as income on a quarterly basis.
  • Ensure sufficient funding of VFT Wallets with MNOs.
  • Engage banks and MNOs to obtain confirmation of signatories on a semiannual basis or as needed.
  • Prepare proposals and track short-term investments to ensure timely follow-up as they mature.
  • Act as custodian of FDR receipts.
  • Collaborate with the Risk Officer to conduct quarterly liquidity stress testing.
  • Perform due diligence for VFT conduit banks and MNOs.
  • Perform any other duties assigned by the supervisor.

Requirements

  • Bachelor’s Degree in Banking and Finance or Accounting.
  • Very good knowledge of oral and written English.
  • Very good analytical and reporting skills.
  • 3 years’ experience in VFT MFB or in the accounting field.
  • CPA holder is an added advantage.
  • Proficient in Microsoft Office applications.

Desired Attributes

  • Honest, hardworking, friendly, and focused.
  • Local language skills.
  • High standards in regard to quality of work.
  • Able to work independently and as a team member.
  • Attention to detail.
  • Experience in banking or microfinance.
  • Commitment to the social mission of microfinance.

How to Apply

Interested and suitably qualified individuals should:

  • Forward their application letter, attaching certified copies of academic and professional certificates, detailed CVs with three referees, and National ID to application@vftz.co.tz.
  • Address applications to:
    The Chief Executive Officer,
    VisionFund Tanzania Microfinance Bank Limited,
    P.O. Box 1546,
    Arusha, TANZANIA.
  • Use the position title as the subject of the email application.
  • Submit applications by 31st August 2025.

Note: Only short-listed candidates will be contacted.

Disclaimer

VisionFund Tanzania Microfinance Bank has not engaged any consultant or agent to conduct recruitment on its behalf.