First Housing Finance (Tanzania) Limited is a greenfield mortgage finance bank setup in Tanzania in Partnership with Bank M Tanzania Limited, a local Tanzanian Bank, Housing Development Finance Corporation Limited India (HDFC), the largest housing finance company in Asia and prominent local investors, namely Sanjay Suchak and the Karimjee family of Tanzania. It is the first specialized mortgage lender in Tanzania.
JOB VACANCY
JOB TITLE: HEAD OF FINANCE AND COMPANY SECRETARY
Location: Dar es salaam, Tanzania
To manage all finance related matters of the
institution and to ensure compliance with
relevant statutes governing the company.The
recruit would manage the company secretariat
functions including compliance of provisions
with regard to company affairs. The attitude
should be that of maintaining financial
stability, increasing profitability and achieving
sustainable growth in the business.
Job duties
▪︎ Promote the Company's vision, mission
and core values.
▪︎ Lead a team of finance professionals, as
and when in place, to develop and
maintain well documented accounting
policies for the institution, which are
compliant with IFRS and BASEL-III for
achieving strategic objectives as well as to
ensure compliance.
▪︎ Develop a sound financial reporting
system for various regulatory reporting
requirements of the company and to
ensure compliance of the requirements.
▪︎ Design and implement internal financial
controls and reporting requirements and
to monitor and control accounts payable
with maintaining vendor relationships.
▪︎ Performing regular Payroll process.
▪︎ Drive the company's financial planning
and budgeting process, undertake
performance evaluation vis-a-vis budget.
▪︎ Efficient utilization of capital and
resources.
▪︎ Maintain a high performance financial
organization through continual process
improvement, adoption of appropriate
best practices and development of the
Finance Department.
▪︎ Perform risk management by analyzing
liabilities and investments.
▪︎ Recommend investment avenues by
considering cash and liquidity risks.
▪︎ Setup and oversee the finance MIS.
▪︎ Develop a system of preparation and
reporting of daily/ monthly/ quarterly
▪︎Corroborate with Statutory Audits for
preparation and finalization of accounts.
▪︎ Publication of quarterly and yearly
financial results with regular submission
to stakeholders as per Corporate
Governance standards.
▪︎ Work in guidance of directors for raising
funds to support the mortgage operations
and capital-raising strategies.
▪︎ Responsible for all taxation related
matters and coordinating with Tax
Consultants for Tax Health Checks.
▪︎ Filing of statutory returns
provident funds, etc.
Responsible for the ALCO functions of the
institution.
▪︎ Develop and implement policies and
procedures to ensure sufficient cash
flows, operating costs reduction and
increased revenues to improve
profitability.
▪︎ Organizing and coordinating board/ board
Committee/ management/ general
meetings of the company.
▪︎ Preparing papers and submission to the
board members/ shareholders.
▪︎ Preparing & maintaining minutes of the
board committees' meetings, board
meetings and annual general
meeting/extra ordinary general meeting.
▪︎ Ensure compliance with the provisions of
Bank of Tanzania Regulations, Companies
Bank ofTanzania Regulations, Compaes
Act, MEMARTS, BRELA and company's
transaction doCuments.
▪︎ Any other duty as may be assigned by the
CEO.
Qualifications
▪︎ Bachelor's Degree in Accounting/
Commerce/ Finance/ Banking/ Business
Administration or related discipline.
▪︎ Master's Degree in related discipline is an
added advantage
▪︎ Certified Public Accountant (CPA) with
active membership of NBAA Tanzania.
▪︎ Minimum of 7 years working experience
preferably in the financial services
industry with at least three years'
experience on senior management.
How To Apply
Applications must be attached with updated
detailed resume and copies of relevant
certificates. The same may be sent through
email, postal address or physical delivery to
the addresses indicated herein below. The
deadline for submission of applications will be
two weeks from the date of this
advertisement.
All Applications should be addressed to:
Chief Executive Officer
First Housing Finance (T) Limited
Plot No. 19, Barack Obama
Drive
P. O. Box 11990
Dar es Salaam,
Tanzania.
Email: hr@firsthousing.co.tz
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