Credit Accountant Job Opportunity
MEND East Africa Limited is recruiting a Credit Accountant on behalf of a client in the microfinance sector. The position is responsible for ensuring the accuracy, integrity, and completeness of financial transactions connected to lending operations.
The successful candidate will oversee loan accounting, loan-portfolio reconciliations, interest calculations, repayment accounting, disbursements, financial reporting, and compliance with Bank of Tanzania requirements and applicable tax laws.
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Job Details
- Position: Credit Accountant
- Industry: Microfinance
- Reports to: Microfinance Operations Manager
- Location: Dar es Salaam, Tanzania
- Recruiter: MEND East Africa Limited, recruiting on behalf of a client
Job Purpose
Ensure the accuracy, completeness, and integrity of financial transactions associated with lending operations. The role covers loan accounting, portfolio reconciliations, interest calculations, loan disbursements, repayment accounting, financial controls, and regulatory compliance.
Key Responsibilities
- Maintain accurate accounting records for loan disbursements, repayments, write-offs, and recoveries.
- Record transactions correctly in the core banking or loan-management system.
- Prepare daily, weekly, monthly, and annual loan-portfolio reports.
- Prepare management accounts and portfolio-performance reports.
- Perform daily reconciliations of loan, bank, and suspense accounts.
- Support the strengthening of financial controls relating to lending operations.
- Verify interest calculations and penalty charges.
- Reconcile lending revenue with the general ledger.
- Ensure compliance with Bank of Tanzania statutory reporting requirements.
- Support compliance with applicable financial-reporting, tax, VAT, and PAYE requirements.
- Support internal and external audits.
- Identify and mitigate financial risks.
- Enforce internal control policies.
- Assist with budgeting and financial analysis.
- Analyse loan-portfolio trends, revenue drivers, and loan profitability.
- Work with Loan Officers, Operations, and ICT teams on system reconciliation and process efficiency.
Qualifications and Experience
- Bachelor’s Degree in Accounting, Finance, Commerce, or a related field.
- CPA (T), ACCA, or an equivalent professional qualification is highly desirable.
- Minimum of three years’ accounting experience within a microfinance institution, bank, or regulated financial entity.
- Strong expertise in loan-portfolio accounting and financial reporting.
Technical Competencies
- Loan-portfolio accounting
- Core banking systems
- Loan-management systems
- Financial reporting standards and tax compliance
- Bank and account reconciliation
- General-ledger management
- Financial reporting and analysis
- Budgeting and forecasting
- Internal controls
Why Consider This Opportunity?
- Develop specialist expertise in loan-portfolio accounting.
- Work within a regulated financial-services environment.
- Strengthen experience in financial controls and regulatory reporting.
- Gain exposure to lending profitability and portfolio analysis.
- Collaborate across Finance, Operations, Credit, and ICT functions.
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Application Details
Submit an application letter and updated CV by email.
