Victoria Finance Plc (VFP) is a leading microfinance company in Tanzania. Established in 2009 and started operating in 2010, the regulated company is dedicated to providing microfinance services to low—and middle-income earners, women, and youth in Tanzania. The company attained its public limited status in 2014, paving the way for diverse public ownership. The company has three branches and one insurance broking subsidiary company—Victoria Insurance Brokers Limited, established in 2017.

The Company is looking for a dynamic, experienced individual with proven strategic financial management experience, administration leadership, and a qualified accounting professional to fill the position of Chief Finance Officer. The incumbent reports directly to the Managing Director.

Job Profile

The job focuses on improving the quality of financial management, human resources, and administration. Specifically provides leadership in financial reporting, planning, and budgeting, management of the company’s assets, and ensuring cost-effective procurement, quality human resources, and competency development. Drive and implement company strategy, structures, policies, tools, processes, and procedures that ensure internal efficiencies, and effective preparation and dissemination of financial information for management decision-making, and regulatory & statutory reporting purposes. Key responsibilities include: –

a) Ensuring that proper books of accounts are kept by the International Financial Reporting Standards and the applicable laws and regulations in Tanzania.

b) Ensuring that financial reports are prepared accurately and circulated to all users within the agreed time frame. These reports include; the monthly management accounts, quarterly and annual financial reports

c) Ensuring that the computation of taxes due, payment thereof, and full compliance with Tax legislation

d) Ensuring that the general ledger systems are well maintained and all accounts are fully reconciled and substantiated at all times.

e) Coordinate the preparation of the strategic plan, annual budget, and reviews.

f) Authorise expenditure request forms and payment approval within delegated authority limits.

g) Control operating expenses through strict approval procedures for all amounts within prescribed limits.

h) Provide key enablers for Performance Management and decision-making process (systems/reporting

i) Develop and implement systems for collating and analyzing financial and operational data to provide relevant management information and reports to specified stakeholders. This includes the development and management of reporting calendars/schedules

j) Regularly review performance to trigger feedback and prompt actions to ensure objectives for individuals and teams are met. Such actions include recognition of outstanding performance, and taking corrective measures, which may include coaching, mentoring, and training to develop new skills or attitudes.

k) Carry out performance appraisals to provide an overall assessment for a set period of performance in a manner that enhances motivation and performance improvements.

Qualifications, skills, and experience

a) Academic and professional qualifications in Accounting or Finance and a holder of CPA/ACCA. MBA will be an added advantage.

b) Ten (10) years post-qualification experience in microfinance institution or banking.

c) Five (5) years of relevant work experience in a senior management role

d) Practical experience in the use of relevant MS Office applications and accounting packages.

e) Good experience in financial management, control, planning, and administration

f) Technical skills to effectively perform and/or guide the performance of Financial Management activities/tasks in a manner that consistently achieves high-quality standards or benchmarks.

g) Knowledge and experience in modern financial management practices in the financial services industry to provide visionary guidance on strategic changes to support business performance.

h) Ability to establish and maintain strong partnerships/relationships with banks/financial institutions, international funders, grant-making institutions, and investors.

i) Strong problem-solving, analytical skills, and creativity

j) Excellent presentation, communication, and personal effectiveness skills.

k) Adept at working with diverse teams, delivering change, and demonstrating value for money.