About the job
With 75 years of experience, our focus is on helping
the most vulnerable children overcome poverty and experience fullness of
life. We help children of all backgrounds, even in the most dangerous
places, inspired by our Christian faith.
Come
join our 33,000+ staff working in nearly 100 countries and share the
joy of transforming vulnerable children’s life stories!
Key Responsibilities:
Overall Role Objectives
A
Reconciliation Officer ensures the accuracy and integrity of financial
records by matching daily, weekly, at times monthly bank statements with
the general ledger. The Reconciliation Officer identifies
discrepancies, investigate imbalances, manage suspense accounts, and
ensure compliance with internal controls and regulatory standards.
The
ideal candidate has 2+ years' experience, strong ERP knowledge, and
team skills. The Reconciliation Officer reports to Financial Accountant.
Key Performance Indicators / Responsibilities & Expected Results
Accounting
- Perform bank and NMOs (e.g., Mpesa, Tigo and Airtel) account reconciliations on a daily basis; and ensuring that banking transactions are accurately recorded in the general ledger in a timely manner.
- Promptly following up reconciling items. Work with stakeholders to clear reconciling items in a timely manner. It involves providing ageing of reconciling items and commenting on actions for reconciling items.
- Daily monitoring of bank accounts including updating the daily bank reconciliation report and providing transactional information.
- Processing EFT payments and international payments in multiple currencies ensuring integrity with transactions, bank accounts and supporting documentation.
- Following up with Banks/MNOs on the reconciliation of charges related to contracts and agreement and report any anomalies.
- Processing balance transfers between bank accounts and ensuring sufficient balances exist as required.
- Analysis of short-term cash needs, providing forecast information and assistance to the Finance Manager regarding Term Deposits and maximizing interest revenue.
- Perform general ledger accounting, month-end and year-end close processes on time ensuring integrity and accuracy of financial information. It involves performing various general ledger reconciliations for key balance sheet accounts on a monthly basis.
- Preparing and recommending items to be written-off/recognized as income on a quarterly basis.
- Proactively manage and ensure accounts are transparent and ‘clean’ by performing detailed analysis to clearly present statement of financial position “balance sheet” information in a succinct and logical manner.
- Maintain and prepare statistical reports with commentary as required.
- Assist
the financial accountant to ensure day-to-day transactions such as
accounts payable, cash receipts and accounts receivable, and payroll are
recorded properly. It includes to verify, allocate, post and reconcile
certain entries to the accounting system and ensuring proper revenue and
expense recognition.
Reporting and standards
- Provide technical support and advice on accounting treatments.
- Review and recommend modifications to accounting systems and procedures.
- Ensure compliance with fiscal requirements, financial policies and IFRS.
- Prepare information required for VFI reporting and assist with requests from VFI.
- Support preparation of annual IFRS-compliant financial statements and answering queries thereon.
- Assist to prepare tax returns and estimations, assist with tax audits and tax returns.
- Continually seeking and implementing opportunities to streamline and improve finance and accounting operations.
- Assistance with audit including coordination of information, document management and various auditor queries and analysis.
- Participate in the budgeting and forecast process.
- Assist in responding to inquiries and provide support during inspections and audits by Internal Auditors, Bank of Tanzania, other regulators, and external auditors.
- Perform any other duties as may be assigned from time to time.
- Proven experience in a related finance role (e.g., audit or accountant), for at least two
- years after graduating (post-studies, e.g., undergraduate degree).
- Thorough knowledge of basic accounting procedures, basic understanding of IFRS, awareness of business trends and familiarity with financial accounting statements.
- Experience with general ledger functions and month-end/year-end financial close
- Hands-on experience with accounting software packages. Advanced MS Excel skills including VLOOKUP and pivot tables.
- Accuracy and attention to detail, aptitude for numbers and quantitative skills.
- Bachelors’ degree in Accounting, Finance or relevant field; CPA or equivalent will be preferred.
- Entrepreneurship. Must be an opportunity seeker, have the ability to take initiative, can do attitude, adaptable to a fast-paced culture, have a positive outlook.
- Service Excellence. Must be the best at what they do and go the extra mile, needs to be flexible, customer focused, feel the need to constantly improve, provide top quality service.
- Accountability.
Ability to keep their word, deliver results, be committed to their
responsibilities, have strong willpower and act as if the business was
their own.
- Teamwork. Must have Team spirit and be able to work within a Team and empower one another, no personal agenda. We are all in the same boat working to achieve one common goal "We are One".
- Honesty. Must be an open communicator, sincere, trustworthy and transparent. Always ethical and behave and act in the best interest of the company and other employees.
- Diversity. Respectful and open to different cultures and opinions, have an eye for all stakeholders. "Think Global, Act Local".
- High level of integrity, reliability, and attention to detail.
- Aware of Tanzania Tax laws and regulations.
- Ability to interact with IDRAS system and facilitate tax filling and payments, will be added advantage.
- Strong knowledge of financial reporting requirements and deliverables.
- Excellent analytical, problem‑solving, and report‑writing skills.
- Good knowledge of banking accounting requirements.
- Strong communication skills and a high level of accuracy.
- Proficient in Microsoft Office applications (Excel, Word, PowerPoint).
- Ability to work under pressure, prioritization of tasks and meet strict deadlines.
- Strong teamwork and supervisory capabilities.
- Compliance
and Ethics. The position holder is expected to adhere to VisionFund
Tanzania’s Code of Conduct, financial policies, donor requirements, and
all applicable laws and regulations at all times.
The Reconciliation Officer reports to the Financial Accountant; with no supervisory duties, may be required to supervise interns.
Applicant Types Accepted:
Local Applicants Only
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