Summary
Date Posted: 3rd January 2019 , Base Salary: Not Disclosed , Employment Type: Full-Time , Currency: Tsh

JOB DETAILS:

Overview:
TIB Development Bank Limited is Development Finance Institutions (DFI) wholly owned by the Government of United Republic of Tanzania. The bank has been established and exists under the Companies Act, 2002. The main focus of TIB Development Bank as a premier national DFI is on national projects that aim at the attainment of the Tanzanian Development Vision 2025.

The bank’s mandate is to support the Government in achieving rapid economic growth through the development of industries, infrastructure, services sectors, as well as oil and gas sectors. In this regard, activities of TIB have specifically expanded and the bank now invites suitable, qualified and skilled applicants to fill the following available senior positions:-

Nature and Scope:
The successful candidate will report to the Managing Director. She/he will be responsible for administering the bank’s loan portfolio. She/he will also be responsible for monitoring and supervision and loan recovery activities.

KEY RESPONSIBILITY

• Advise management on the bank’s credit management policy and liaise with other departments to ensure compliance with the bank’s policy and relevant procedures.
  
• Administer the bank’s loan portfolio.
  
• Ensure proper supervision and monitoring of projects implementation
  
• Ensure timely submission of periodic reports on production, sales, finance and investment for operating borrower companies.
  
• Ensure regular preparation of portfolio review reports and alert relevant departments on required actions.
  
• Ensure performance of annual/periodic reviews of the lending portfolio
  
• Ensure restructuring and performance of remedial management of non-performing assets and where necessary institute appropriate recovery measures.
  
• Supervise disposal of recommended assets of organizations/companies under receivership/ liquidation and ensure collection of payments on the disposed of assets.
  
• Review work performance of staff in the Directorate including their development, appraisal training and welfare in line with the bank’s objectives
  
• Perform any other related duties as assigned from time to time by the Supervisor.
  

QUALIFICATIONS, KNOWLEDGE, EXPERIENCE
Essential

• Must possess a Bachelor Degree in Business Administration, Economics, Finance, Accountancy, Banking or related disciplines and any Master’s Degree/Post Graduate from a recognized University/ Institution.
  
• Minimum of seven (7) years’ experience, of which five (5) must be in a senior position in related function at a reputable institution.
  
• Strong written and oral communication skills.
  
• Highest degree of integrity, excellent and well developed leadership, people management and organizational skills.
  
• Team player with strong interpersonal skills.
  
• Must be computer literate.
  

PREFERRED COMPETENCIES

• Ability to interpret Central Bank Policies on Financial Regulations
  
• Ability and having Knowledge of project appraisal
  
• Knowledge on financial analysis and project management
  
• Ability to implement loan workout measures
  
• Ability to negotiate loan repayment plans
  
• Ability to carry out project monitoring, fund management and restructuring
  

REMUNERATION
Rasilimali Limited offers an attractive remuneration package, career development opportunities and an excellent working environment..

Job application procedure

• Qualifying candidates should apply in writing to or lodge their applications at the address below, enclosing
  
• An application letter showing how they meet the posit ion’s requirements.
  
• Comprehensive Curriculum Vitae.
  
• Copies of relevant Certificates and Awards.
  
• Contact address including telephone number(s) and/or email address(s) if available.
  
• Names and full addresses of three referees
  

Closing Date: 18th January 2019 Please address all applications to:
MANAGING DIRECTOR
TIB Development Bank Limited, Mlimani City Office Park Building No. 3
Sam Nujoma Road
P.O. Box 9373 Dar es Salaam
Tel: +255 222 411101•9 I Fax: +255 222 411122
Email: md@tib.co.tz  Website: www.tib.co.tz