Accountant II (Resolution and Liquidation) - 1 Post

Published by Jobstanzania on 7:38:00 pm

Deposit Insurance Board (DIB) is a public institution established under Section 37(1) of the Banking and Financial Institutions Act (BFIA) 2006 to formulate policy, manage and control Deposit Insurance Fund. In a bid to deliver its mandate, the Board is hereby looking for suitably qualified young Tanzanian citizens to fill vacant positions at its offices located in the Bank of Tanzania Headquarters, Dar es Salaam.

Position: Accountant II (Resolution and Liquidation) - 1 Post
Reports to: Manager Operations
Contract type: Three (3) years contract
Location: Dar es Salaam

Job Purpose:
To provide professional service on accounting matters relating to liquidation of failed banks and financial institutions.

a) Following up compliance to directives issued by Bank of Tanzania to banks and financial institutions under prompt corrective action and preparing periodic reports;

b) Participating in closure activities of a failed bank or financial institutions and submitting reports;

c) Following up decisions of resolution committee of safety net players, and submitting reports;

d) Liaising with liquidation lawyer and preparing liquidation plan for the bank or financial institution for which DIB has been appointed the liquidator;

e) Taking inventory of assets, liabilities and records of a bank and financial institution under liquidation;

f) Liaising with liquidation lawyer and preparing plans and budget for participation in the closure, inventory taking, tracing and preserving records, property and assets of closed bank or financial institutions;

g) Liaising with liquidation lawyer and preparing and submit periodic reports on closure, inventory taking, tracing and preserving records and assets of the banks and financial institutions;

h) Analyzing debtors and creditors information and providing status report;

i) Participating in recovery of debts and submitting status report to the Assistant Manager/Manager;

j) Attending creditors and shareholders issues and submitting recommendations;

k) Liaising with liquidation lawyer and assist in the management of assets and liabilities under liquidation and preparing ‘statements of affairs’ and ‘receipts and payment statements’ periodically;

l) Liaising with liquidation lawyer and participating and preparing minutes and reports in all meetings relating to the affairs of the closed bank and financial institution under statutory management;

m) Calculating dividends for payment to unsecured creditors and uninsured deposits;

n) Liaising with liquidation lawyer and preparing periodic Progress Reports on liquidation of bank or financial institution under liquidation and submitting to the Head Receivership and Liquidation;

o) Liaising with liquidation lawyer and preparing statutory semi-annual returns and filing to BRELA;

p) Participating in closure of liquidation and preparing required reports;

q) Initiating review of the liquidation manual and making recommendations;

r) Performing other duties as assigned.

Education /Professional Qualifications and Experience Required:
· Bachelors’ degree in accountancy or its equivalent;

· CPA will be an added advantage;
· A minimum of three (3) years of work experience in relevant assignments.

How to Apply:
Interested applicants must submit the following for consideration of the applications:
a) Application letter indicating the name of the post applied;
b) A curriculum vitae (CV);
c) Certified copies of academic certificates, birth certificate and other relevant certificates;
d) Two recent passport size photographs;
e) Names and addresses of two reputable referees;
f) Applicant’s reliable contact address, email address and telephone numbers;
g) Applicants with academic certificates from foreign universities must submit proof of accreditation of issuing institutions;

Application should be addressed to:
Director Deposit Insurance Board,
Bank of Tanzania;
P. O. Box 2939,
7th Floor, North Tower,

Closing Date:
Applications should reach the Director’s Office on or before 6.00 pm on 9th October, 2015.

Only short-listed applicants will be contacted.



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