Tag Archives: financial

Job Opportunity at Tanzania Agricultural Development Bank Limited (TADB), Driver

Driver
Tanzania Agricultural Development Bank Limited (TADB) is a Government Institution established under the Companies Act, 2002 and licensed under the provisions of the Banking and Financial Institutions Act No 5 of 2006 and the Banking and Financial Institutions (Development Finance) Regulations, 2012. The bank was established for the following purposes, among others:

To catalyze credit delivery to the agricultural sector and thereby accelerate agricultural development and overall economic growth;

To become an apex agricultural financing bank and an important player in the implementation of the Government’s development vision, policies and programmes, including but not limited to the Tanzania Development Vision 2015, Agricultural Sector Development Programme, Kilimo Kwanza Initiative, Second-Generation Financial Sector Reforms as well as in the furtherance of the National Strategy for Growth and Reduction of Poverty for Mainland Tanzania (MKUKUTA), and Zanzibar Strategy for Growth and Reduction of Poverty (MKUZA).
TADB is hereby inviting applications from suitably qualified candidates to fill the following vacancies:

Overview
Department: ; HUMAN CAPITAL & ADMINISTRATION
Category: ; Driver
Type: ; Full-Time
Posted: ; 10/03/2019

Requirements
Highest Education: ; Minimum Education Secondary Education
Degree title:
Gender: ; Does not matter
Experience: ; Minimum Experience 2 Year

NATURE AND SCOPE:

The successful candidate will report to the Head of Human Capital and Administration. He/She will be responsible for driving the Bank’s motor vehicles and ensure that they are properly handled.

;DUTIES AND RESPONSIBILITIES:

Drive and maintain the Bank’s motor vehicles;

Keep custody of the service schedule to ensure that the vehicle assigned to him/her is maintained, serviced regularly and kept clean;

Carry out regular inspection of the vehicle, rectify minor defects and report promptly any detected fault or defect on the motor vehicle;

Verify repairs undertaken on the vehicle;

Maintain car log book and record all movements accurately and timely;

Ensure that the security of the vehicle is safeguarded all the times;

Perform any other duties related to the position as may be assigned by the Supervisor.

MINIMUM QUALIFICATIONS, KNOWLEDGE AND EXPERIENCE:

Certificate of Secondary Education;

Ability to communicate in English and Kiswahili;

Valid Class C driving license;

Trade Test or Mechanics Certificate from a recognized institution.

At least two years relevant work experience in a reputable institution.

Possession of executive driving experience will be an added advantage

Application Deadline: ; 18 ; October, 2019

CLICK HERE TO APPLY

Nafasi za kazi CRDB Bank, Analyst;​ Market & Liquidity Risk

Analyst;​ Market & Liquidity Risk​  

CRDB Bank PLC is looking for suitable person to fill a vacant position of Analyst;​ Market & Liquidity Risk​ in the Department of Risk & Compliance at the Head Office, in Dar es Salaam​.

Job Purpose:

To support Senior Manager; Market and Liquidity Risk in managing and providing oversight on the Bank’s exposure to Market and Liquidity Risks to ensure interest rate, foreign exchange, price and liquidity risks. In line with the bank’s overall risk management framework and appetite, monitoring compliance to statutory and regulatory risks related to Market and Liquidity Risks in the bank, and developing and implementing related risk policies and procedures in line with the organization’s risk profile.

Key responsibilities:

Review and develop annual activity plan for Market & Liquidity Risk Unit and contribute to the overall activity plan for the department of Risk and Compliance.
Performing independent market and liquidity risk reviews in the Treasury space (front and back office) at Head Office and subsidiaries for new and existing products, processes and systems in line with overall Group risk management framework as part of accomplishing the bank’s strategic plan.
Review and contribute to the development of Market and Liquidity risk specific policies and procedures of the bank and subsidiaries to ensure they are aligned with internal and external developments, regulatory imperatives and industry best practices.
Designing stress rest scenarios, performing stress test of the Bank’s balance sheet, interpreting the results and advising management on the best way to manage inherent or evolving risks.
Develop, implement and monitor risk management tools and metrics for effective market risk management i.e. including but not limited to PV01, Duration, DvaR, etc.
Fully participate on implementation of Treasury Management Systems (TMS).
Daily monitoring of the dealing room activities i.e. reporting on NOP, Fixed Income and Money market portfolio and reconciling all positions to ensure the same are balancing.
Daily review and check of trade and transaction rate reasonability to ensure consistency, spot all deviations for correction and reporting.
Develop/review and monitor Key Risk Indicators (KRIs) and RCSAs for market & liquidity risk to ensure all sources of risks have been identified, measured and mitigated.
Ensure active and ongoing engagement with both the front office and back office to understand, monitor, and govern Market and Liquidity risk and to ensure all actions are compliant with prescribed policies.
Provide market and liquidity risk specific management reports to ALCO and Management Operational Risk Committee for decision making.
Risk Limit Governance: Assist in setting market and liquidity risk limits that align with the Bank’s risk appetite.
Monitor and report dealing room limit utilizations and ensure that all limit breaches are reported to the Management.
Ensure that market and liquidity risks are measured and monitored according to regulatory requirements and industry best practice.
Ensure the logging & tracking of identified issues affecting market and liquidity position in the treasury space with support units for analysis and resolution, and escalating of unresolved issues to senior management.
Monitor external risk factors that may warrant market & liquidity risk to ensure measures are put in place to mitigate similar exposures to the bank.
Training of bank staff on risk management principles, challenges, and their role as process owners to ensure risk management culture is inculcated among all staff in the bank.
Ensure timely closure of control issues on the unit raised by different reviewers’ i.e. internal and external auditors, risk & compliance and bank examiners.
Monitor middle office specific reports from head office (including those from Parent Treasury Front Office and Treasury Operations) and Burundi Subsidiary.
Ensure that Market and Liquidity risk management practices of the Burundi Subsidiary are properly aligned and replicated with the parent practices through support in review of policies, procedures and practices, and performance and compliance monitoring.
Perform any other assigned duties as may be required by the Management/Director of Risk and Compliance.

Attributes:

Understanding of Treasury products and processes, risks inherent in Treasury products and processes and their management;
Strong understanding of regulatory requirements guiding the Dealing room / or risk taken by the Front office.
Resilient understanding of financial risk management measurement tools such as DvaR, PV01, and Duration etc.
Solid understanding and usage of Excel, PPT and Treasury Management Systems.
Good understanding of ICAAP and Capital management principles (covering capital allocation).
Good understanding of model validation/review.
Ability to develop excel macros and working with big data excel spreadsheets.
Some knowledge in enterprise wide risk management framework, including risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance.
Ability to interact with and build relationships with people from different departments and levels of seniority.

Qualifications and Experience:

Bachelor degree in Finance, Banking, Economics, Accountancy, or business related subjects from a recognized university/institution. Master’s degree in the mentioned fields will be an added advantage.
Possession of a Risk Management certification from a recognized institution, or ACI –
Certification.

A candidate for this role must have worked in a similar role with exposure to Middle Office/Market and Liquidity Risks/Treasury in any Bank or Financial institution for not less than 5 years.

Remuneration:

CRDB BANK PLC offers competitive remuneration and benefits. Successful candidate will receive attractive and competitive package commensurate with the demands of the position.

Mode of Application & Closing Date

Interested candidates who meet the above criteria should submit an Application Letter accompanied with copies of academic transcripts, certificates and with a detailed up to date CV with two work related referees addressed to the Director of Human Resources to reach him not later than ​14th​ October 2019.

Director of Human Resources

CRDB Bank Limited

P.O. Box 268

DAR ES SALAAM

Tel: 022-2117441/7

Email: career.career@crdbbank.com

Nafasi za kazi CRDB Bank, Analyst;​ Market & Liquidity Risk

Analyst;​ Market & Liquidity Risk​  

CRDB Bank PLC is looking for suitable person to fill a vacant position of Analyst;​ Market & Liquidity Risk​ in the Department of Risk & Compliance at the Head Office, in Dar es Salaam​.

Job Purpose:

To support Senior Manager; Market and Liquidity Risk in managing and providing oversight on the Bank’s exposure to Market and Liquidity Risks to ensure interest rate, foreign exchange, price and liquidity risks. In line with the bank’s overall risk management framework and appetite, monitoring compliance to statutory and regulatory risks related to Market and Liquidity Risks in the bank, and developing and implementing related risk policies and procedures in line with the organization’s risk profile.

Key responsibilities:

Review and develop annual activity plan for Market & Liquidity Risk Unit and contribute to the overall activity plan for the department of Risk and Compliance.
Performing independent market and liquidity risk reviews in the Treasury space (front and back office) at Head Office and subsidiaries for new and existing products, processes and systems in line with overall Group risk management framework as part of accomplishing the bank’s strategic plan.
Review and contribute to the development of Market and Liquidity risk specific policies and procedures of the bank and subsidiaries to ensure they are aligned with internal and external developments, regulatory imperatives and industry best practices.
Designing stress rest scenarios, performing stress test of the Bank’s balance sheet, interpreting the results and advising management on the best way to manage inherent or evolving risks.
Develop, implement and monitor risk management tools and metrics for effective market risk management i.e. including but not limited to PV01, Duration, DvaR, etc.
Fully participate on implementation of Treasury Management Systems (TMS).
Daily monitoring of the dealing room activities i.e. reporting on NOP, Fixed Income and Money market portfolio and reconciling all positions to ensure the same are balancing.
Daily review and check of trade and transaction rate reasonability to ensure consistency, spot all deviations for correction and reporting.
Develop/review and monitor Key Risk Indicators (KRIs) and RCSAs for market & liquidity risk to ensure all sources of risks have been identified, measured and mitigated.
Ensure active and ongoing engagement with both the front office and back office to understand, monitor, and govern Market and Liquidity risk and to ensure all actions are compliant with prescribed policies.
Provide market and liquidity risk specific management reports to ALCO and Management Operational Risk Committee for decision making.
Risk Limit Governance: Assist in setting market and liquidity risk limits that align with the Bank’s risk appetite.
Monitor and report dealing room limit utilizations and ensure that all limit breaches are reported to the Management.
Ensure that market and liquidity risks are measured and monitored according to regulatory requirements and industry best practice.
Ensure the logging & tracking of identified issues affecting market and liquidity position in the treasury space with support units for analysis and resolution, and escalating of unresolved issues to senior management.
Monitor external risk factors that may warrant market & liquidity risk to ensure measures are put in place to mitigate similar exposures to the bank.
Training of bank staff on risk management principles, challenges, and their role as process owners to ensure risk management culture is inculcated among all staff in the bank.
Ensure timely closure of control issues on the unit raised by different reviewers’ i.e. internal and external auditors, risk & compliance and bank examiners.
Monitor middle office specific reports from head office (including those from Parent Treasury Front Office and Treasury Operations) and Burundi Subsidiary.
Ensure that Market and Liquidity risk management practices of the Burundi Subsidiary are properly aligned and replicated with the parent practices through support in review of policies, procedures and practices, and performance and compliance monitoring.
Perform any other assigned duties as may be required by the Management/Director of Risk and Compliance.

Attributes:

Understanding of Treasury products and processes, risks inherent in Treasury products and processes and their management;
Strong understanding of regulatory requirements guiding the Dealing room / or risk taken by the Front office.
Resilient understanding of financial risk management measurement tools such as DvaR, PV01, and Duration etc.
Solid understanding and usage of Excel, PPT and Treasury Management Systems.
Good understanding of ICAAP and Capital management principles (covering capital allocation).
Good understanding of model validation/review.
Ability to develop excel macros and working with big data excel spreadsheets.
Some knowledge in enterprise wide risk management framework, including risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance.
Ability to interact with and build relationships with people from different departments and levels of seniority.

Qualifications and Experience:

Bachelor degree in Finance, Banking, Economics, Accountancy, or business related subjects from a recognized university/institution. Master’s degree in the mentioned fields will be an added advantage.
Possession of a Risk Management certification from a recognized institution, or ACI –
Certification.

A candidate for this role must have worked in a similar role with exposure to Middle Office/Market and Liquidity Risks/Treasury in any Bank or Financial institution for not less than 5 years.

Remuneration:

CRDB BANK PLC offers competitive remuneration and benefits. Successful candidate will receive attractive and competitive package commensurate with the demands of the position.

Mode of Application & Closing Date

Interested candidates who meet the above criteria should submit an Application Letter accompanied with copies of academic transcripts, certificates and with a detailed up to date CV with two work related referees addressed to the Director of Human Resources to reach him not later than ​14th​ October 2019.

Director of Human Resources

CRDB Bank Limited

P.O. Box 268

DAR ES SALAAM

Tel: 022-2117441/7

Email: career.career@crdbbank.com

Job Opportunity at Park Hyatt Zanzibar, Assistant Food and Beverage Manager

Job Opportunity at Park Hyatt Zanzibar, Assistant Food and Beverage Manager

Position: Assistant Food and Beverage Manager
Park Hyatt Zanzibar – Zanzibar
The Management of Park Hyatt Zanzibar is looking for Assistant Food and Beverage Manager to join the team and perform the below responsibilities.

Main Duties:

Administration

  • To assist in the revision and updating of the Outlet’s Departmental Operations Manuals.
  • To attend weekly Food and Beverage and Department Head Meetings in absence of Outlet Service Manager, as scheduled.
  • To conduct pre-shift briefings and regular communications meetings, ensuring that they are effective and conducted as necessary.
  • To maintain and utilize other departmental and employee communications channels, e.g. notice boards, log books, handover reports, etc.
  • To provide the Materials Management Department with detailed product specifications for items used in Dining Room.

Customer Service

  • To ensure that all employees deliver the brand promise and provide exceptional guest service at all times.
  • To ensure that employees also provide excellent service to internal customers.
  • To perform all duties and tasks accordingly to the established Task List
  • To be fully conversant with all services and facilities offered by the hotel.
  • To handle all guest and internal customer complaints and inquiries in a courteous and efficient manner, following through to make sure problems are resolved satisfactorily and guest profiles are being updated
  • To build long lasting guest relationships by being highly responsive and accommodating to requests and proactively anticipating needs to exceed guest expectations.

Financial

  • To ensure that the monthly forecasted food and beverage revenues are achieved.
  • To proactively manage all costs.
  • To maximize employee productivity through the use of multi-skilling, multi-tasking and flexible scheduling in order to meet the financial goals as well as the expectations of the guests.
  • To assist in the maintenance of the point-of-sales system.
  • To ensure that all sales are properly recorded, following prescribed procedures for issuing, voiding or correcting checks.
  • To oversee the proper use and security of bartender/waiter/waitress floats.
  • To assist in the inventory management and ongoing maintenance of hotel operating equipment and other assets, including establishing par stocks, equipment care and maintenance and inventory taking as required.

Marketing

  • To constantly evaluate local, national and international market trends, vendors and other hotel/restaurant operations to make sure that Dining Room’s own operations remain competitive and cutting edge.
  • To look for Marketing and Public Relations opportunities to increase awareness and ultimately business.
  • To assist in the implementation of marketing programmers, including frequent-dining programmers (where relevant).

Operational

  • To be familiar with all food and beverage items on the menu.
  • To have the ability to recommend Food & Beverage combinations and upselling alternative to guests.
  • To ensure the service standards are respected, overseeing the consistent application of the service standards and training the employees as necessary.
  • To monitor operation at all times, assisting and making adjustments where necessary.
  • To liaise with the Kitchen on daily operation and quality.
  • To ensure that all company minimum brand standards and operational standards have been implemented and are being consistently followed.
  • To make sure that all Touches of Hyatt and the Food and Beverage Top 20 are implemented.
  • To work closely with other management personnel in a supportive and flexible manner, focusing on the overall success of the hotel and the satisfaction of hotel guests.
  • To make sure that employees work in a supportive and flexible manner with other departments, in a spirit of “We work through Teams”.
  • To taste and monitor the food products served, providing feedback where appropriate.
  • To work closely with the Stewarding Manager to ensure that operating equipment is cared for to maximize its useful life and to minimize breakage.
  • To work with Engineering and Housekeeping Manager to ensure that the outlet is clean, properly maintained and cared for.

Personnel

  • To assist in the recruitment and selection of employees. To follow hotel guidelines when recruiting and use a competency-based approach to selecting employees.
  • To oversee the punctuality and appearance of employees, making sure that they wear the correct uniform and maintain a high standard of personal appearance and hygiene, according to the hotel and department’s grooming standards.
  • To maximize the effectiveness of employees by developing each of their skills and abilities through the appropriate training, coaching, and/or mentoring.
  • To assist in conducting annual Performance Development Discussions with employees.
  • To implement effective training programmers for employees in coordination with the Outlet Service Manager, Training Manager and Departmental Trainers.
  • To assist in preparing and posting weekly work schedules for outlet employees, making sure that they reflect business needs and other key performance indicators.
  • To encourage employees to be creative and innovative, challenging and recognizing them for their contribution to the success of the operation.
  • To support the implementation of The People Brand, demonstrating and reinforcing Hyatt’s Mission and Values.
  • To ensure that all employees have a complete understanding of and adhere to employee rules and regulations.
  • To ensure that employees follow all hotel, company and local rules, policies and regulations relating to fire and hazard safety, and security.
  • To feedback the results of the Employee Engagement Survey and to ensure that the relevant changes are implemented.

Other Duties

  • To maintain strong, professional relationships with the relevant representatives from competitor hotels and other organizations.
  • To respond to changes in the Food and Beverage function as dictated by the industry, company and hotel.
  • To read the hotel’s Employee Handbook and have an understanding of and adhere to the hotel’s rules and regulations and in particular, the policies and procedures relating to fire, hygiene, health and safety.
  • To attend training sessions and meetings as and when required.
  • To carry out any other reasonable duties and responsibilities as assigned.

Core Skills

  • Produces Quality Work
  • The ability to produce high quality work in a consistent and reliable manner, in support of Hyatt’s standards and processes
  • Achieves Results
  • The ability to identify priorities, solve problems, produce desired results and be accountable for commitments
  • Promotes Teamwork and Collaboration
  • The ability to build relationships within and across functions, balance individual and team goals, respect others and value different perspectives.
  • Communicates Effectively
  • The ability to listen actively and identify appropriate messages and delivery methods to effectively influence others.
  • Shows Initiative and Resourcefulnes
  • The ability to initiate action, make decisions, adapt, drive change, use resources efficiently and solve problems quickly, creatively and practically
  • Focuses on Customers
  • The ability to identify needs, shape actions and add value to relationships based on a central focus of customer satisfaction

Leadership Profile
• Care
Hyatt’s higher purpose is based on care. Caring leaders build trust and engagement by cultivating genuine relationships. The capacity to care for one another is one of the strongest of all human traits. At the center of caring is empathy. Leaders exhibit empathy when they connect personally and deeply with those around them.

Serve
Serving leaders create success for and through others. Such leaders are motivated by service to the higher purpose, the business and its stakeholders – not by the pursuit of power or personal gain. The success of these leaders is gauged by the success of others. They don’t try to solve all problems or to have all of the answers: they thrive by unleashing others in pursuit of goals. They understand and take direct responsibility for growing the next generation of leaders.

• Learn
Learning leaders are inspired by learning and they take pride in further developing themselves. They are not afraid of – and they learn from – mistakes and failures. They make the intentional decision to continue to learn and grow throughout their lives, challenging themselves to be and do more, and gaining broader experiences. With their high learning agility and ability to be vulnerable, they reflect on and learn from experience, apply that learning to perform successfully under new or first-time conditions and share their learning, and themselves, with others.

• Adapt
Adaptive leaders demonstrate agility in the face of continuous change. They anticipate and thrive in changing environments where diversity of thought fosters innovation and creativity. They have the ability to create a climate where individuals can take risk, experiment, and learn from failure: often times with great speed. Adapting leaders constantly think about what changes are needed to stay relevant in the marketplace and to fulfill the organization’s purpose.

• Achieve
Achieving leaders prioritize and do what is best for the business. They are outcome oriented and understand that superior financial performance benefits all stakeholders. They are bold, strategic and future-oriented. They see the big picture, understand how the different components of a system interconnect and behave over time, and help make sense out of complexity by simplifying. They possess sound judgment and can make quick decisions when needed.


Qualifications
The candidate should have the below Qualifications

  • Minimum of 2+ years as F&B Management preferred
  • Wine/beverage knowledge in an upscale environment preferred
  • Ideal applicant should have strong organizational skills, ability to work with flexible work schedule, be a team player and a dynamic leader

TO APPLY CLICK HERE!

Job Opportunity at Tanzania Agricultural Development Bank Limited (TADB), Credit Appraisal Manager

Job Opportunity at Tanzania Agricultural Development Bank Limited (TADB), Credit Appraisal Manager

Credit Appraisal Manager

Tanzania Agricultural Development Bank Limited (TADB) is a Government Institution established under the Companies Act, 2002 and licensed under the provisions of the Banking and Financial Institutions Act No 5 of 2006 and the Banking and Financial Institutions (Development Finance) Regulations, 2012. The bank was established for the following purposes, among others:

To catalyze credit delivery to the agricultural sector and thereby accelerate agricultural development and overall economic growth;

To become an apex agricultural financing bank and an important player in the implementation of the Government’s development vision, policies and programmes, including but not limited to the Tanzania Development Vision 2015, Agricultural Sector Development Programme, Kilimo Kwanza Initiative, Second-Generation Financial Sector Reforms as well as in the furtherance of the National Strategy for Growth and Reduction of Poverty for Mainland Tanzania (MKUKUTA), and Zanzibar Strategy for Growth and Reduction of Poverty (MKUZA).

TADB is hereby inviting applications from suitably qualified candidates to fill the following vacancy:

Credit Appraisal Manager

Overview
Department: DIRECTORATE OF CREDIT & BUSINESS
Category: Credit Appraisal
Type: Full-Time
Posted: 10/03/2019

Requirements
Highest Education: Minimum Education Masters / Postgraduate
Degree title:
Gender: Does not matter
Experience: Minimum Experience 6 Year
Other experience: 3 years must be in a senior level in reputable company or financial institution
Job Status

NATURE AND SCOPE:

The successful candidate will report to the Director of Portfolio Management. He/She has overall responsibility for the appraisal of credit applications and management of corporate relationships and loan portfolio.

KEY RESPONSIBILITIES

  • To obtain all the client information necessary for the appraisal of a credit proposition and liaise with Credit Analysts as and when appropriate.
  • To prepare and submit an Application for Credit in relation to proposed credit facilities.
  • To prepare and ensure issuance of an offer letter to the client based on the approved Application for Credit.
  • To co-ordinate with other departments to ensure that all required documentation is prepared and that this complies with the terms of the credit approval.
  • To maintain frequent and close contact with each client and continuously monitor outstanding credit facilities.
  • To monitor receipt of periodical statement of balance sheet, profit and loss, inventory, receivables, etc. from the client as required by the terms of the credit approval.
  • To monitor the value of security and inspect goods hypothecated/pledged to the bank in accordance with the terms of the credit approval.
  • To maintain the credit grading of clients under continuous review and to propose revision of the credit grading to credit Department as and when appropriate.
  • To build capacity and provide business advisory services to corporate clients, micro, small and medium sized enterprises.
  • To document meetings and other significant developments in call reports to be circulated as appropriate and retained on the client file.
  • To carry out any other duties assigned by the Director of Portfolio Management from time to time.

QUALIFICATIONS, KNOWLEDGE, EXPERIENCE:

  • Minimum of 6 years relevant experience, of which 3 must be in a senior level in reputable company or financial institution
  • Master’s Degree/Postgraduate qualifications in Business Administration, Economics, Agricultural Economics, Banking, Finance or related discipline. Professional accreditation will be an added advantage.
  • Financial Acumen
  • Leadership, motivation and people management skills.
  • Team player with strong interpersonal skills.

Application Deadline: 18 October, 2019

CLICK HERE TO APPLY

Employment vacancies at Tanzania Agricultural Development Bank Limited (TADB)

BACKGROUND OF TADB
Tanzania Agricultural Development Bank Limited (TADB) is a Government Institution established under the Companies Act, 2002 and licensed under the provisions of the Banking and Financial Institutions Act No 5 of 2006 and the Banking and Financial Institutions (Development Finance) Regulations, 2012. The bank was established for the following purposes, among others:
• To catalyze credit delivery to the agricultural sector and thereby accelerate agricultural development and overall economic growth;
• To become an apex agricultural financing bank and an important player in the implementation of the Government’s development vision, policies and programmes, including but not limited to the Tanzania Development Vision 2015, Agricultural Sector Development Programme, Kilimo Kwanza Initiative, Second-Generation Financial Sector Reforms as well as in the furtherance of the National Strategy for Growth and Reduction of Poverty for Mainland Tanzania (MKUKUTA), and Zanzibar Strategy for Growth and Reduction of Poverty (MKUZA).

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Free CV Writing and Download, Cover/Job Application Letters, Interview Questions and It’s Best Answers plus Examples. Click Here!

TADB is hereby inviting applications from suitably qualified candidates to fill the following vacancies:
Job Title: DRIVER – (1 Vacancy)
Description
NATURE AND SCOPE:
The successful candidate will report to the Head of Human Capital and Administration. He/She will be responsible for driving the Bank’s motor vehicles and ensure that they are properly handled.

******************
Job Title: CREDIT APPRAISAL MANAGER – Re-advertised (1 Vacancy) Description
NATURE AND SCOPE:
The successful candidate will report to the Director of Portfolio Management. He/She has overall responsibility for the appraisal of credit applications and management of corporate relationships and loan portfolio.

******************

Job Title: FINANCIAL CONTROLLER (1 Vacancy)
Description
NATURE AND SCOPE:
The job holder reports to the Director of Finance. He/She is responsible for controlling and directing the financial accounting function in the bank and providing interpretation to the financial information including overall financial management of information systems of the bank.
QUALIFICATIONS, KNOWLEDGE, EXPERIENCE:

• Master’s Degree/Postgraduate qualifications in Business Administration, Finance, Accountancy, Banking or related discipline.
• Holder of an internationally recognized accountancy qualification such as ACCA, CPA(T), CFA
• Minimum of 6 years relevant experience of which 3 must be in a commercial bank/financial or related institution.
• Leadership, motivation and people management skills.
• Team player with strong interpersonal skills.

*******************
Job Title: DIRECTOR OF PLANNING, RESEARCH AND POLICY (1 Vacancy)
Description
Nature and scope:
The job holder reports to the Managing Director. He/She is responsible for coordinating the planning of the bank programs and activities, research and advisory services as well as policy-related matters for the bank.
QUALIFICATIONS, KNOWLEDGE, EXPERIENCE:
• Minimum of 10 years relevant experience of which 5 must be in a senior position in a busy development/commercial bank or banking/finance institution.
• Master’s Degree/Postgraduate qualifications in Business Administration, Finance, Economics or related discipline.

• Knowledge of Data Analysis software/programmes.
• Highly developed analytical skills in finance and economics.
• Capacity to interpret national policies and financial regulations and implement

17 Employment Opportunities at CRDB Bank Plc

Background
CRDB Bank Plc is an African bank and a leading Financial Services Provider in Tanzania with current presence in Tanzania and Burundi, East Africa. The Bank was established in 1996 and was listed on The Dar Es Salaam Stock exchange (DSE) in June 2009.
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Over the years, CRDB Bank has grown to become the most innovative and preferred financial services partner in the region. Supported by a robust portfolio and uniquely tailored products, CRDB Bank remains the most responsive bank in the region.
CAREER OPPORTUNITIES
We are a collection of individuals who believe in excellence. We are always on the look out for fresh talent and we hiring people who have the drive to succeed and the will to implement the discipline required to succeed. We focus on nurturing our team and providing our team with an environment that is conductive to creative thought.


Recommended:
Free CV Writing and Download, Cover/Job Application Letters, Interview Questions and It’s Best Answers plus Examples. Click Here!
To read full job descriptions and mode of application please download official PDF Files through the link below: (CLICK TITLE TO DOWNLOAD PDF FILE OF JOB YOU WANT)
TITLE | Deadline
1. Manager;Bureau de Change 10th, October 2019

2. Head; Treasury Sales 10th, October 2019

3. Senior Treasury Manager; Fixed Income 10th, October 2019

4. Manager; Investment Advisory Services 10th, October 2019

5. Manager; Transactional Monitoring 14th, October 2019

6. Manager; Operational Risk 14th, October 2019

7. Analyst; Transactional Monitoring 14th, October 2019

8. Analyst; Market and Liquidity Risk 14th, October 2019

9. Department of Information and Communications Technology 10th October, 2019

10. Manager; Experiential Events and Sponsorship 10th October, 2019

11. Manager; Customer Insights and Impact Analysis 06th October, 2019

12. Business Analyst; Project Management 03rd October, 2019

Nafasi za kazi Ericsson Tanzania, Customer Project Manager

Position: Customer Project Manager

Job Description
Job Summary:
We are now looking for a Customer Project Manager, to lead assigned customer projects securing that project goals are met, customer’s expectations are fulfilled and that the customer relation is handled in the best possible way within the scope of the contract.

Job Responsibilities:
• You will establish the project plan baseline: define project scope, secure the necessary resources and plans and monitor all activities
• Drive project execution: track project activities, monitor and handle changes, conflicts and critical issues
• Handle customer and partner engagement: manage customer relationship building confidence and trust, ensure project progress arranging meetings and customer events
• Handle project finance: ensure financial system monitoring
• Develop the business: participate to contract preparation and to pre-sales meeting
• Develop the CPM discipline: simplify processes, methods and tools with creative ideas

Key Qualifications:
• Education: Graduation; Preferred Bachelor of Engineering
• Min years of experience: 5 years in Network rollout with OEMs.
• Domain experience: (Network Rollout: Radio Access Networks, Microwave, BSC , RNC,
• Financial Acumen & Analysis Skills
• Business Understanding
• Consultative Selling Skills
• Customer and Market Insight
• Negotiation, Persuading & influencing Skills
• Project Management Skills
• Occupational Health & Safety (OHS)Leading & supervising
• Planning & organizing

Additional Requirements:
• PMI certifications – The CPM is expected to be certified on the job stage that she/he holds. (PMP Certification is preferred)
• Project sales process
• Contract management 3rd pp supplier’s management experience

What’s in it for you
With over 90,000 employees across 180+ countries, we have a culture that respects and supports your ambitions, in alignment with our values of Respect, Professionalism and Perseverance. Ericsson is extremely focused on learning and development, supports mobility and flexible working hours. We are also committed to diversity and inclusion and to be a responsible and relevant driver of positive change. We also offer some awesome benefits, amazing career development and training programs to provide an empowered career in a connected world.

Next Steps:
• What happens next once you apply? Read about the next steps here
• For your interview preparation, here are a few “Tips & Tricks” from our recruiters
• For your prep and reference, here is our overall Brand video and some insights about our innovations in 5G

Ericsson provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, marital status, pregnancy, parental status, national origin, ethnic background, age, disability, political opinion, social status, veteran status, union membership or genetics.
Ericsson complies with applicable country, state and all local laws governing nondiscrimination in employment in every location across the world in which the company has facilities. In addition, Ericsson supports the UN Guiding Principles for Business and Human Rights and the United Nations Global Compact.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, training and development.
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Primary country and city: Tanzania, Dar es Salaam

Req ID: 294486

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Vacancies at CoST Tanzania

Position: CoST Tanzania Financial Audit – Dar es salaam
Job Summary
Organisational Purpose CoST works globally with members spanning four continents. In addition to working with CoST members at the national level, CoST works internationally with key anti-corruption organisations to facilitate the global exchange of experience and knowledge on
transparency and accountability in public infrastructure. CoST’s international partners include,Article 19,Open Contracting Partnership,Transparency International and Hivos. CoST promotes transparency through its core features of Disclosure, Assurance, Multi- Stakeholders and Accountability. To support member countries realize value for money and transparency in the sector, CoST members establish country programmes/national secretariats that are overseen by Multi-Stakeholder Groups of 9 members with three representatives from each sector; i.e. Government, Private Sector and Civil Society. National Secretariats are managed by Country Managers who implement, document,
coordinate stakeholders and report on country experiences, lessons learned and challenges in the implementation of CoST core features.
  • Minimum Qualification: Masters
  • Experience Level: Management level
  • Experience Length: 5 years

Recommended:
Free CV Writing and Download, Cover/Job Application Letters, Interview Questions and It’s Best Answers plus Examples. Click Here!

Job Description
Introduction
CoST – the Infrastructure Transparency Initiative, seeks to engage the services of a qualified auditor to audit the accounts of its CoST Tanzania programme for the period of 1st January2017 to 30thJune 2019. This will be a step by step audit process of the CoST Tanzania programme in respect to CoST International policies. Details are found below.
Background
CoST – the Infrastructure Transparency Initiative (CoST) is the leading global initiative improving transparency and accountability in public infrastructure. CoST works with government, industry and civil society to promote the disclosure, validation and interpretation of data from infrastructure projects. This helps to inform and empower citizens and enables them to hold decision-makers to account. Our experience indicates that informed citizens and responsive public institutions help drive reforms that reduce mismanagement, inefficiency, corruption and the risks posed to the public from poor quality infrastructure.
Management of CoST Tanzania
The technical and management of CoST Tanzania is the responsibility of the Country Manager. The Country programme is implemented under the guidance of the Host
Organization, the National Construction Council and the Multi-Stakeholder Group (MSG). The Secretariat and MSG receive technical and policy guidance and support from the CoST International Secretariat, and the Board.

The main duties of the Country Manager in respect to the country programme are:
a. Planning and management of project processes
b. Monitoring of project implementation
c. Coordinate and supervise the implementation of new activities
d. Establishing and maintaining contact with key stakeholders
e. Coordinating the recruitment and supervision of project consultants and experts
f. Periodic reporting to the Board of Directors/ Governing council and donors
g. Financial management of project activities
h. Reporting to the International Secretariat any redflags, incidences of bribery/corruption or safeguarding issues.
The main duties of the Multi-Stakeholder Group in respect to the country programme are;a. Provides oversight of the work of the Secretariat
b. Formulate all policies and plans of CoST Tanzania Chapter for submission to and adoption by the General Assembly.
c. Present the annual report and audited books of accounts for the financial year.
d. Recruit and remove CoST Country Manager and Administrative Assistant from the secretariat; and endorses other staff recruitment by the Manager, forms executive sub-committees for the purpose of addressing day to day specific items as may be required.
e. Ensures financial and technical sustainability of CoST Tanzania Chapter.
f. Approve Terms of Reference, procurement process and contract award for the Assurance Team, the qualification and mode of appointment of members of the Assurance Team and other consultancy services.
g. Reviews annual work plan and budget for approval by the Annual General Meeting.
h. Identifies funding for CoST Tanzania Chapter.
i. Provides feedback to the public Organisations, the Annual General Meeting and other desired Technical Meetings.
j. Provides an interface between those with specialty and detailed knowledge of the structure and workings in the construction sector and a wider set of interested and affected stakeholders
k. Identifies and builds upon existing structures, procedures and initiatives relating to the provision of transparency.
l. Selects projects for disclosure by setting transparent criteria in consultation with the line ministries.
m. Establishes information templates that define the nature and extent of information to be disclosed by procuring entities.
n. Identifies similar initiatives locally, regionally and internationally for Complementarities and synergies.
o. The MSG shall be responsible for convening the General, Annual, or extra-ordinary meetings of the General Assembly and for preparing the agenda for the same as the chairperson may guide.
p. Report to the International Secretariat any incidences of bribery, corruption and or financial mismanagement and safeguarding.
q. Review the role and contribution of members and recruit new members on the MSG/and AGM.

Funding for CoST Tanzania
To enhance their operations, country programmes and MSGs are required to engage various stakeholders at the national level, to raise awareness of CoST, implementation of the core features, adoption of and action of CoST recommendations and fundraising for national activities. The additional funds support as top up to the grants from the CoST International Board. CoST Tanzania has received funding from CoST International since acceptance of its membership. This audit will cover the period 1st January 2017to 30th June 2019.

Audit Services Required
The auditor will be required to conduct an audit of accounts of income received and expenditures for the period 1st January 2017 to 30th June 2019.
It will cover funds disbursed to CoST Tanzania during this period by the CoST International Secretariat and any other funding from other sources including in-kind support.
The audit will be carried out in accordance with international auditing standards (for instance ISA1 or INTOSAI2).

Audit Objective
This is the first audit CoST International Secretariat is instituting on CoST Tanzania. The overarching objective of the exercise is to provide CoST International Secretariat and the MSG and its key stakeholders with assurance as to whether the resources are being properly used to meet intended objectives and; advise on best ways to further strengthen the financial management system. To achieve this, the audit will;
Financial aspects
a. The auditor will verify the mathematical and accounting accuracy of expenditures described in supporting documentation and will verify how these expenditures are reconciled in financial documents and reports.
b. The auditor will state in the audit report if the audit was not in conformity with generally acceptable standards and indicate the alternative standards or procedures followed.
c. The auditor will verify financial management, human resource recruitment and filling of all management/governance records of CoST Tanzania in reference with accountabilities presented.
d. The auditor will provide an opinion as to the overall financial situation of CoST

Tanzania for the period 1st January 2017 to 30th June 2019 and will certify:

  • The financial reports and Statement of Expenditure for the period from 01st January 2017 to 30th June 2019.
  • The cash position reported by CoST Tanzania as at 1 January 2017 and at 30th June 2019 and;
  • The status of assets held by CoST Tanzania as at 30th June 2019.
  • The financial management procedures, recruitment procedures and risks associated with these procedures.

Note: Audit opinions must be one of the following: (a) qualified, (b), unqualified, (c) adverse, or (d) disclaimer. If the audit opinion is other than “unqualified” the audit report must describe
both the nature and amount of the possible effects on the financial statements.
Recommended:
Free CV Writing and Download, Cover/Job Application Letters, Interview Questions and It’s Best Answers plus Examples. Click Here!

Management Aspects

The auditor is expected to conduct a general assessment of internal controls according to established internal control standards. In addition to the above general assessment, additional specific steps could include the following:
a. Review expenditures made by CoST Tanzania and assess whether they are in accordance with grant documents, work plans and budgets;
b. Review the process for procurement/contracting activities and assess whether it was transparent and competitive;
c. Review the use, control (for instance log-books) and disposal of nonexpendable equipment and assets and also whether the equipment procured met the identified needs and whether its use was in line with intended purposes.
d. Review the process for recruiting programme personnel and consultants and assess whether it was transparent and competitive;
e. Review accounting records and assess their adequacy for maintaining accurate and complete records of receipts and disbursements of cash; and for supporting the preparation of the six months/quarterly financial report;
f. Review the records of requests for payments and ensure that they were signed by authorized persons.

Audit Report and Management Letter
Audit Report
A comprehensive audit report covering all sources of income and expenditure with an annex of individual donor project summary income and expenditure reports should be presented where applicable. The audit report should clearly indicate the auditor’s opinion. This should include at least the following:
a. That it is a special purpose report and its intended use;
b. The audit standards that were applied (INTOSAI standards, ISAs, or national standards that comply with one of these in all material respects);
c. The period covered by the opinion.
d. Whether the Statement of Expenditure for the period from 1stJanuary 2017 to 30th June 2019 is adequately and fairly presented. The disbursements made are in accordance with the purpose for which funds have been allocated to the activities and approved budget lines
e. Reviewed the cash book and confirmed the accuracy of the bank reconciliation in support of the reported bank and bank balances as at 1stJanuary 2017to 30th June 2019.
f. Vouched and verified the authenticity of all the supporting documents for the transactions.
g. Whether the Statement of Assets and Equipment is fairly and adequately presented as at 30th June 2019 and;
h. Whether the Statement of Cash Position reported by the country programme is fairly and adequately presented as at 1st January 2017 to 30th June 2019.

Management Letter
The management letter should cover the following topics/issues:
a. A general review of the progress of activities, timeliness in relation to progress milestones and the planned completion dates, both of which should be stated in the project document or Work Plan. This is not intended to focus whether there has been compliance with specific covenants relating to specific performance criteria or outputs; however, general compliance with broad covenants such as implementing the programme with economy and efficiency should be commented upon.
b. An assessment of the programme’s internal control system with equal emphasis on (i) the effectiveness of the system in providing the secretariat, host organization and MSG with useful and timely information for the proper management of the programme
and (ii) the general effectiveness of the internal control system in protecting the assets and resources of the programme (verify the work done and value for money throughout programme processes and activities).
c. An assessment of the financial procedures and of the adequacy of the disbursements occurred in respect to the programme objectives and activities (“cost-efficiency”)
d. A description of any specific internal control weaknesses noted in the financial management of the programme and the audit procedures followed to address or compensate for the weaknesses. Recommendations to resolve/eliminate the internal control weaknesses noted should be included.

Recommendations for Improvement
Recommendations should be directed to a specific entity so there is no confusion regarding who is responsible for implementation. The response of the entity should be included in the
management letter, immediately following the recommendation. Also, the auditor may wish to comment on “good practices” (if any) that were developed by CoST Tanzania that should be
documented.

Available Facilities and Right of Access
The Country Manager with the assistance of the Finance/Administrative Officer will prepare a list of the information and description of the nature and the location of all records belonging to
CoST Tanzania. The Auditor will have full and complete access at any time to all records and documents (including books of accounts, legal agreements, correspondence, reports, correspondence with local/central government authorities, minutes of meetings, bank records, invoices and contracts etc.) and all employees of the audited entity. The auditor has a right of access to banks, consultants, MSG, Host Organization, contractors and other persons or firms engaged by CoST Tanzania in respect to projects being audited.


Audit commissioner, qualifications of the auditor, offer submission deadline and audit timeframe
Qualification of the auditor and offer submission deadline
-The auditor must be completely impartial and independent from all aspects of management or financial interests to CoST Tanzania, MSG, Secretariat and or Host Organization. The auditor
should not, during the period covered by the audit nor during the undertaking of the audit, be employed by, serve as director for, or have any financial or close business or family relationships with participants in the management of CoST Tanzania.
-The auditor should have at least five years post qualification practicing experience. In addition the candidate should have experience in applying either ISA or INTOSAI audit standards.
-The auditor should be a registered member of Tanzania Institute of Certified Accountants which in turn must be associated with the International Federation of Accountants (IFAC).
-Together with an offer, a curriculum vitae (CVs) should be provided by the auditor/ firm. If additional staff will take part in the audit their CVs have to be provided. CVs should include
years of professional experience of the auditor(s) carrying out the audit, together with details on major audits carried out, indicating his/her capability and capacity to undertake the audit of
the projects.
-The audit will be conducted during the period in October 2019.
-The offer and the audit reports should be submitted in English.
-The estimated audit duration is 5- 8 working days. Tentative timeframe breakdown:

  • Consultation with CoST Tanzania: 2-3 days;
  • Preparation deskwork: 1-2 days;
  • Analysis and draft report: 1-2 days
  • Comments integration and final report: 1 day

Audit Commissioner, recipients and right bearer
CoST International Secretariat is the audit commissioner.

The CoST International Secretariat and the CoST Tanzania MSG are the rights bearers of the audit report and management letter. Any circulation of the document should be first approved by the CoST International Secretariat.

How to Apply?

Please manually apply for this job using the details below:
The offer and draft audit report should be submitted by e-mail to Olive Kabatwairwe, CoST
Africa Regional Manager (o.kabatwairwe@infrastructuretransparency.org) and Tumaini
Lawrence (tanzania@infrastructuretransparency.org). The Deadline for application is 14th October 2019.

Vacancies at CoST Tanzania

Position: CoST Tanzania Financial Audit – Dar es salaam
Job Summary
Organisational Purpose CoST works globally with members spanning four continents. In addition to working with CoST members at the national level, CoST works internationally with key anti-corruption organisations to facilitate the global exchange of experience and knowledge on
transparency and accountability in public infrastructure. CoST’s international partners include,Article 19,Open Contracting Partnership,Transparency International and Hivos. CoST promotes transparency through its core features of Disclosure, Assurance, Multi- Stakeholders and Accountability. To support member countries realize value for money and transparency in the sector, CoST members establish country programmes/national secretariats that are overseen by Multi-Stakeholder Groups of 9 members with three representatives from each sector; i.e. Government, Private Sector and Civil Society. National Secretariats are managed by Country Managers who implement, document,
coordinate stakeholders and report on country experiences, lessons learned and challenges in the implementation of CoST core features.
  • Minimum Qualification: Masters
  • Experience Level: Management level
  • Experience Length: 5 years

Recommended:
Free CV Writing and Download, Cover/Job Application Letters, Interview Questions and It’s Best Answers plus Examples. Click Here!

Job Description
Introduction
CoST – the Infrastructure Transparency Initiative, seeks to engage the services of a qualified auditor to audit the accounts of its CoST Tanzania programme for the period of 1st January2017 to 30thJune 2019. This will be a step by step audit process of the CoST Tanzania programme in respect to CoST International policies. Details are found below.
Background
CoST – the Infrastructure Transparency Initiative (CoST) is the leading global initiative improving transparency and accountability in public infrastructure. CoST works with government, industry and civil society to promote the disclosure, validation and interpretation of data from infrastructure projects. This helps to inform and empower citizens and enables them to hold decision-makers to account. Our experience indicates that informed citizens and responsive public institutions help drive reforms that reduce mismanagement, inefficiency, corruption and the risks posed to the public from poor quality infrastructure.
Management of CoST Tanzania
The technical and management of CoST Tanzania is the responsibility of the Country Manager. The Country programme is implemented under the guidance of the Host
Organization, the National Construction Council and the Multi-Stakeholder Group (MSG). The Secretariat and MSG receive technical and policy guidance and support from the CoST International Secretariat, and the Board.

The main duties of the Country Manager in respect to the country programme are:
a. Planning and management of project processes
b. Monitoring of project implementation
c. Coordinate and supervise the implementation of new activities
d. Establishing and maintaining contact with key stakeholders
e. Coordinating the recruitment and supervision of project consultants and experts
f. Periodic reporting to the Board of Directors/ Governing council and donors
g. Financial management of project activities
h. Reporting to the International Secretariat any redflags, incidences of bribery/corruption or safeguarding issues.
The main duties of the Multi-Stakeholder Group in respect to the country programme are;a. Provides oversight of the work of the Secretariat
b. Formulate all policies and plans of CoST Tanzania Chapter for submission to and adoption by the General Assembly.
c. Present the annual report and audited books of accounts for the financial year.
d. Recruit and remove CoST Country Manager and Administrative Assistant from the secretariat; and endorses other staff recruitment by the Manager, forms executive sub-committees for the purpose of addressing day to day specific items as may be required.
e. Ensures financial and technical sustainability of CoST Tanzania Chapter.
f. Approve Terms of Reference, procurement process and contract award for the Assurance Team, the qualification and mode of appointment of members of the Assurance Team and other consultancy services.
g. Reviews annual work plan and budget for approval by the Annual General Meeting.
h. Identifies funding for CoST Tanzania Chapter.
i. Provides feedback to the public Organisations, the Annual General Meeting and other desired Technical Meetings.
j. Provides an interface between those with specialty and detailed knowledge of the structure and workings in the construction sector and a wider set of interested and affected stakeholders
k. Identifies and builds upon existing structures, procedures and initiatives relating to the provision of transparency.
l. Selects projects for disclosure by setting transparent criteria in consultation with the line ministries.
m. Establishes information templates that define the nature and extent of information to be disclosed by procuring entities.
n. Identifies similar initiatives locally, regionally and internationally for Complementarities and synergies.
o. The MSG shall be responsible for convening the General, Annual, or extra-ordinary meetings of the General Assembly and for preparing the agenda for the same as the chairperson may guide.
p. Report to the International Secretariat any incidences of bribery, corruption and or financial mismanagement and safeguarding.
q. Review the role and contribution of members and recruit new members on the MSG/and AGM.

Funding for CoST Tanzania
To enhance their operations, country programmes and MSGs are required to engage various stakeholders at the national level, to raise awareness of CoST, implementation of the core features, adoption of and action of CoST recommendations and fundraising for national activities. The additional funds support as top up to the grants from the CoST International Board. CoST Tanzania has received funding from CoST International since acceptance of its membership. This audit will cover the period 1st January 2017to 30th June 2019.

Audit Services Required
The auditor will be required to conduct an audit of accounts of income received and expenditures for the period 1st January 2017 to 30th June 2019.
It will cover funds disbursed to CoST Tanzania during this period by the CoST International Secretariat and any other funding from other sources including in-kind support.
The audit will be carried out in accordance with international auditing standards (for instance ISA1 or INTOSAI2).

Audit Objective
This is the first audit CoST International Secretariat is instituting on CoST Tanzania. The overarching objective of the exercise is to provide CoST International Secretariat and the MSG and its key stakeholders with assurance as to whether the resources are being properly used to meet intended objectives and; advise on best ways to further strengthen the financial management system. To achieve this, the audit will;
Financial aspects
a. The auditor will verify the mathematical and accounting accuracy of expenditures described in supporting documentation and will verify how these expenditures are reconciled in financial documents and reports.
b. The auditor will state in the audit report if the audit was not in conformity with generally acceptable standards and indicate the alternative standards or procedures followed.
c. The auditor will verify financial management, human resource recruitment and filling of all management/governance records of CoST Tanzania in reference with accountabilities presented.
d. The auditor will provide an opinion as to the overall financial situation of CoST

Tanzania for the period 1st January 2017 to 30th June 2019 and will certify:

  • The financial reports and Statement of Expenditure for the period from 01st January 2017 to 30th June 2019.
  • The cash position reported by CoST Tanzania as at 1 January 2017 and at 30th June 2019 and;
  • The status of assets held by CoST Tanzania as at 30th June 2019.
  • The financial management procedures, recruitment procedures and risks associated with these procedures.

Note: Audit opinions must be one of the following: (a) qualified, (b), unqualified, (c) adverse, or (d) disclaimer. If the audit opinion is other than “unqualified” the audit report must describe
both the nature and amount of the possible effects on the financial statements.
Recommended:
Free CV Writing and Download, Cover/Job Application Letters, Interview Questions and It’s Best Answers plus Examples. Click Here!

Management Aspects

The auditor is expected to conduct a general assessment of internal controls according to established internal control standards. In addition to the above general assessment, additional specific steps could include the following:
a. Review expenditures made by CoST Tanzania and assess whether they are in accordance with grant documents, work plans and budgets;
b. Review the process for procurement/contracting activities and assess whether it was transparent and competitive;
c. Review the use, control (for instance log-books) and disposal of nonexpendable equipment and assets and also whether the equipment procured met the identified needs and whether its use was in line with intended purposes.
d. Review the process for recruiting programme personnel and consultants and assess whether it was transparent and competitive;
e. Review accounting records and assess their adequacy for maintaining accurate and complete records of receipts and disbursements of cash; and for supporting the preparation of the six months/quarterly financial report;
f. Review the records of requests for payments and ensure that they were signed by authorized persons.

Audit Report and Management Letter
Audit Report
A comprehensive audit report covering all sources of income and expenditure with an annex of individual donor project summary income and expenditure reports should be presented where applicable. The audit report should clearly indicate the auditor’s opinion. This should include at least the following:
a. That it is a special purpose report and its intended use;
b. The audit standards that were applied (INTOSAI standards, ISAs, or national standards that comply with one of these in all material respects);
c. The period covered by the opinion.
d. Whether the Statement of Expenditure for the period from 1stJanuary 2017 to 30th June 2019 is adequately and fairly presented. The disbursements made are in accordance with the purpose for which funds have been allocated to the activities and approved budget lines
e. Reviewed the cash book and confirmed the accuracy of the bank reconciliation in support of the reported bank and bank balances as at 1stJanuary 2017to 30th June 2019.
f. Vouched and verified the authenticity of all the supporting documents for the transactions.
g. Whether the Statement of Assets and Equipment is fairly and adequately presented as at 30th June 2019 and;
h. Whether the Statement of Cash Position reported by the country programme is fairly and adequately presented as at 1st January 2017 to 30th June 2019.

Management Letter
The management letter should cover the following topics/issues:
a. A general review of the progress of activities, timeliness in relation to progress milestones and the planned completion dates, both of which should be stated in the project document or Work Plan. This is not intended to focus whether there has been compliance with specific covenants relating to specific performance criteria or outputs; however, general compliance with broad covenants such as implementing the programme with economy and efficiency should be commented upon.
b. An assessment of the programme’s internal control system with equal emphasis on (i) the effectiveness of the system in providing the secretariat, host organization and MSG with useful and timely information for the proper management of the programme
and (ii) the general effectiveness of the internal control system in protecting the assets and resources of the programme (verify the work done and value for money throughout programme processes and activities).
c. An assessment of the financial procedures and of the adequacy of the disbursements occurred in respect to the programme objectives and activities (“cost-efficiency”)
d. A description of any specific internal control weaknesses noted in the financial management of the programme and the audit procedures followed to address or compensate for the weaknesses. Recommendations to resolve/eliminate the internal control weaknesses noted should be included.

Recommendations for Improvement
Recommendations should be directed to a specific entity so there is no confusion regarding who is responsible for implementation. The response of the entity should be included in the
management letter, immediately following the recommendation. Also, the auditor may wish to comment on “good practices” (if any) that were developed by CoST Tanzania that should be
documented.

Available Facilities and Right of Access
The Country Manager with the assistance of the Finance/Administrative Officer will prepare a list of the information and description of the nature and the location of all records belonging to
CoST Tanzania. The Auditor will have full and complete access at any time to all records and documents (including books of accounts, legal agreements, correspondence, reports, correspondence with local/central government authorities, minutes of meetings, bank records, invoices and contracts etc.) and all employees of the audited entity. The auditor has a right of access to banks, consultants, MSG, Host Organization, contractors and other persons or firms engaged by CoST Tanzania in respect to projects being audited.


Audit commissioner, qualifications of the auditor, offer submission deadline and audit timeframe
Qualification of the auditor and offer submission deadline
-The auditor must be completely impartial and independent from all aspects of management or financial interests to CoST Tanzania, MSG, Secretariat and or Host Organization. The auditor
should not, during the period covered by the audit nor during the undertaking of the audit, be employed by, serve as director for, or have any financial or close business or family relationships with participants in the management of CoST Tanzania.
-The auditor should have at least five years post qualification practicing experience. In addition the candidate should have experience in applying either ISA or INTOSAI audit standards.
-The auditor should be a registered member of Tanzania Institute of Certified Accountants which in turn must be associated with the International Federation of Accountants (IFAC).
-Together with an offer, a curriculum vitae (CVs) should be provided by the auditor/ firm. If additional staff will take part in the audit their CVs have to be provided. CVs should include
years of professional experience of the auditor(s) carrying out the audit, together with details on major audits carried out, indicating his/her capability and capacity to undertake the audit of
the projects.
-The audit will be conducted during the period in October 2019.
-The offer and the audit reports should be submitted in English.
-The estimated audit duration is 5- 8 working days. Tentative timeframe breakdown:

  • Consultation with CoST Tanzania: 2-3 days;
  • Preparation deskwork: 1-2 days;
  • Analysis and draft report: 1-2 days
  • Comments integration and final report: 1 day

Audit Commissioner, recipients and right bearer
CoST International Secretariat is the audit commissioner.

The CoST International Secretariat and the CoST Tanzania MSG are the rights bearers of the audit report and management letter. Any circulation of the document should be first approved by the CoST International Secretariat.

How to Apply?

Please manually apply for this job using the details below:
The offer and draft audit report should be submitted by e-mail to Olive Kabatwairwe, CoST
Africa Regional Manager (o.kabatwairwe@infrastructuretransparency.org) and Tumaini
Lawrence (tanzania@infrastructuretransparency.org). The Deadline for application is 14th October 2019.