• Location:
  • Salary:
  • Job type:
  • Posted:
    7 months ago
  • Category:
    Accounting, Banking & Financial Services, Distribution
  • Deadline:
    March 14, 2023


The Chief Financial Officer (CFO) is directly responsible for managing all finance and accounting activities of a microfinance bank in Tanzania, and supervises its entire finance staff. S/he will ensure that the finance activities of the organization will support the organization 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 the organization in Tanzania, and participates in making decisions on material issues.


ESSENTIAL DUTIES include the following. Other duties may be assigned.

  • Lead the execution of enterprise and finance strategies
  • Lead the financial excellence, resilience and prudence of the company
  • Drive the financial performance of the entity alongside Management Board, providing the key business insights
  • Lead business intelligence and financial analytics
  • Support the CEO in driving the Operating Plan
  • Ensure compliance with central bank requirements
  • Responsible for the successful and timely issuance of the Audited FSs by the external auditors
  • Lead generation of financial statements according to local accounting standards
  • Lead timely reporting to relevant local authorities (central bank, tax office, etc.)
  • Lead timely reporting to FIF
  • Analyse financial data and develop financial analysis as a key management tool with the aim of optimizing organization’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 the organization with financial covenants in agreements with creditors and donors
  • Create cash flow forecasts
  • Ensure availability of sufficient resources for lending in the required currency
  • Lead all financial transactions with creditors, banks, donors
  • Lead the planning and budgeting process of the organization
  • Act as the coordinator and main contact person with external auditors
  • Keep all Management Team/Board members informed about relevant issues/developments in the organization’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.



  • Supervise all finance staff of the organization
  • 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



  • Create/develop appropriate reports: financial ratios; liquidity report; currency gap report; various credit reports; breakdown by branches/regions; breakdown by products; plan-fact comparison; historic development; other as required/appropriate
  • Ensure compliance of the organization’s finance activities with the Charter/bylaws of the subsidiary; the organization 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 regional office, headquarters, and governing bodies
  • Present relevant “Finance” issues to the Management Team/Board for information, discussion, decision making



  • Subsidiary Chief Executive Officer
  • Subsidiary Chief Commercial Officer
  • Global Chief Financial Officer
  • Subsidiary finance team



Analytical – Synthesizes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data; Designs work flows and procedures.

Managing People – Includes staff in planning, decision-making, facilitating and process improvement; Takes responsibility for subordinates’ activities; Makes self-available to staff; Provides regular performance feedback; Develops subordinates’ skills and encourages growth; Solicits and applies customer feedback (internal and external); Fosters quality focus in others; Improves processes, products and services.; Continually works to improve supervisory skills.

Cost Consciousness – Works within approved budget; Develops and implements cost saving measures; Contributes to profits and revenue; Conserves organizational resources.

Quality – Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.

Written Communication – Writes clearly and informatively; Edits work for spelling and grammar; Varies writing style to meet needs; Presents numerical data effectively; Able to read and interpret written information.

Ethics – Treats people with respect; Keeps commitments; inspires the trust of others; Works with integrity and ethically; Upholds organizational values.




  • Master’s Degree in Finance or business related fields of study
  • CPA/ACCA or Chartered Accountancy qualification
  • At least five years’ work experience in Banking at Senior Level


Language Skills:

  • Fluency in English



  • Availability and willingness to travel up to 25% of the time



  • Ability to travel in economy class when traveling by air or rail