Summary
Date Posted: Wednesday, May 08 2024, Base Salary: Not Disclosed

JOB DETAILS:
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;

Work reference no. 05/24
Position: Senior Internal Auditor
Reporting to: Head of Internal Audit and Investigation

Responsibility:
As a Senior Internal Auditor, you will be reporting to the Head of Internal Auditor and Investigation. The purpose of this role is to support the Head of Internal Audit and Investigation in overseeing internal operating controls, processes, and practices. You will be responsible for managing a team of auditors, reviewing their work, and providing guidance

Main tasks
• Participate in developing and preparing the annual audit plans, outlining the activities undertaken by the Internal Audit department during the year.
• Conduct audits of VFT assets to ensure proper recording and safeguarding from theft, fraud, and misappropriation. Perform audits of VFT liabilities to ensure accuracy and genuineness.
• Review and advise on the degree of compliance of VFT business to its internal policy and procedures as well as VFI policies and Regulatory requirements.
• Review, appraise, and advise on the soundness, adequacy, and efficiency of accounting, financial, business operations, MIS, P&C, and other internal controls. Detect irregularities and illegal acts.
• Carry out independent assessments of the application and compliance with established company policies, procedures, and regulations.
• Ensure all working papers are completed and in order, cross-referencing, date, work descriptions, clearance, and publish reports within set standards.
• Assist in the execution of external audits and examinations conducted by government regulatory agencies.
• Assist the Head of Internal Audit and Investigation in performing a monthly review of the capital adequacy and liquidity position of the bank. Conduct Bi-Weekly meetings with Internal Audit staff to discuss audit issues, regulatory matters, and emerging risks.
• Conduct procedures outlined in the Internal audit plan under the supervision of a supervisor.
• Maintain an educational program to continually develop skills and use technology to learn, share knowledge with team members, and enhance service delivery.
• Follow up on audit recommendations with management until closure.

Education/Experience
• Bachelor’s Degree in Accounting, Finance, or business administration and CPA/ACCA is a must.
• Additional professional qualifications such as CFE/CISA/CIA will be an added advantage.
• At least 3-5 years of experience in a professional audit environment, including internal audit and/or external audit
• Good mentoring and coaching skills
• Good knowledge of Microfinance or Banking
• Good skills in planning, coordination and reporting
• Model and demonstrate effective Christian leadership and participate in daily devotions

Special / Personal Abilities
• Highly developed sense of reliability and correctness.
• Excellent trainer, facilitator, mentor, and coach.
• Innovative and analytical.
• Very good planning skills.
• Proficient in Microsoft Office applications.
• Must be a self-starter, highly motivated, organized, and detail-oriented.
• Model and demonstrates effective Christian leadership
• Good knowledge on economic and financial topics and sufficient experience in the loan business of VFT-MFB is added advantage

Work Hours: 8

Experience in Months: 24

Level of Education: Bachelor Degree

Job application procedure
Interested and suitably qualified individuals should;
• Forward their application letter, attaching certified copies of their academic and professional certificates, detailed CV’s with three referees and National ID to vftHRstaff@vftz.co.tz 
• All applications should be addressed to;

The Chief Executive Officer,
VisionFund Tanzania Microfinance Bank Limited P.O. Box 1546,
Arusha, TANZANIA.
• The position should be the subject of the email application.
• The deadline for the application is on 24th May, 2024.

N.B. Only short-listed candidates will be contacted.

Disclaimer
VisionFund Tanzania Microfinance Bank would like to inform the general public that it has not engaged any consultant/agent to conduct recruitment on its behalf.


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