Ajira Leo

2 Job Opportunities at TIB

2 Job Opportunities at TIB

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 positions below:-

Nature and Scope :
The successful candidate will report to the Manager , Liquidity Management . She/he will be responsible for liquidity management in ensuring enough funds to meet the day to day obligations including disbursement of loans , operational expenses and repayment of maturing obligations on borrower’s funds .

Key Responsibilities

  • Monitor maturing obligations and liaise with finance in ensuring timely payments .
  • Renegotiation and re-pricing of matured obligations .
  • Provide inputs for short-term , medium-term and long-term cash flow plan to meet Liquidity needs .
  • Execution of approved investment decisions .
  • Work closely with the back office to ensure the timely payment of funding related liabilities .
  • Monitor on a daily basis all accounts , support reconciliation exercise and highlight anomalies .
  • Undertake any other duties as assigned by the supervisor

Qualifications , Knowledge , and Experience

  • Bachelor degree or equivalent in Business Administration , Economics , Finance , Accounting , Banking or related fields obtained from a recognized Institution .
  • At least two (2) years of relevant work experience in a reputable Bank/Financial institution or CPA(T) holder or equivalent
  •  Strong written and oral communication skills with the ability to prepare cash flow report in a concise and focused style .
  • Knowledge of financial analysis is an added Advantage .
  • Advanced computer skills especially in spreadsheets , database , and presentation .

Nature and Scope :
The successful candidate will report to the Manager Funds Mobilization and Syndication . She/he will be responsible for effective resources mobilization to meet the bank’s long term funding needs .

Key Responsibilities

  • Ensure the bank’s funding needs are met in line with the bank’s strategy .
  • Monthly submission of a report on the performance of lines of credit and status in meeting financial covenants , undertakings , and other financing conditions .
  • Ensure pricing of any borrowing transaction is in
  • line with the bank’s objectives and strategies .
  • Closely monitor and provide by-weekly status on resource mobilization including progress on the issuance of medium-term notes and new lines of credit .
  • Execute transactions in line with Bank’s ALM policy and Treasury Regulations .
  • Address all regulatory and audit issues in relation to funding and syndication .
  • Perform any other related duties as may be assigned from time to time by the Supervisor

Qualifications , Knowledge , and Experience

  • Bachelor Degree or it’s equivalent in Finance , Banking , Economics , Accounting , Statistics , or a related discipline from a recognized Institution ,
  • Professional experience in corporate finance , a chartered financial analyst (CFA), or ICMA is an advantage
  • Have a minimum of four years of relevant professional experience with good working knowledge in relation to transaction structures , products , fixed income , derivatives , equity , African capital markets , financial analysis of project finance and corporate finance lending and equity investments , risk management instruments
  •  Proven excellence in written and verbal communication skills ,
  • Capacity to communicate complex and technical issues in simple terms , while maintaining accuracy .
  • A strong background in investment and development banking with experience in working with private sector projects , state-owned entities , utilities /infrastructure authorities , and Government .
  • Drive for results takes personal ownership and accountability to meet deadlines and achieve agreed-upon results , and has the personal organization to do so .
  • Strong analytical , quantitative and financial market skills .
  • Competence with use of standard MS Office software applications , particularly Word , PowerPoint , and Excel and Treasury Systems – Summit , Reuters and Bloomberg applications and 124 .

TIB Development Bank Limited is an equal opportunity employer . The bank offers an attractive remuneration package , career development opportunities , and an excellent working environment .

Qualifying candidates should apply in writing to or lodge their applications at the address below , endorsing:-

  • An application letter showing how they meet the post’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 (3) referees .

Also Read :

Closing Date for 2 Job Opportunities is 20 September 2019 .

Managing Director ,
TIB Development Bank 
Mlimani City Office Park , 
Sam Nujoma Road , Ubungo 
P.O.BOX 9373 
Dares Salaam .
Tel . 2163601/600
Email : md@tib.co.tz