Senior Officer- Monitoring & Supervision , TIB Development Bank Limited

TIB Development Bank Limited (formerly Tanzania Investment Bank Limited) was established by an Act of Parliament in 1970 as a Development Finance Institution (DFI) to provide development financing through the provision of short, medium and long term financing. Following implementation of the first phase of the Government Financial Sector Reforms and the enactment of the Banking and Financial Institutions Act of 1991, TIB was licensed to operate as a non-bank financial institution. In August 2005 the government undertook to transform the bank back into a profitable and sustainable Development Finance Institution offering both long-term finance and equity, providing technical assistance and support services, while also acting as a conduit for official development assistance and special development government funds.

In this regard, activities of TIB Development Bank have specifically expanded and the bank now invites applications from suitable, qualified and skilled persons to fill the following available vacancies:

Nature and scope

The successful candidate will work in the Portfolio Management Directorate and Managed Funds Department. He/ She will responsible for advising on monitoring and supervision activities related to projects assigned to him/her from time to time.

Duties and Responsibilities

Ensure loan documentation is complete and that all conditions precedent are met prior to disbursement of funds.

Ensure loan funds are used by project promoters for purposes approved by the bank.

Confirm the technical specifications of the proposed plant and machinery to meet the objectives of the project.

Ensure the implementation time schedules are adhered to.

Visit project sites and preparing call reports.

Prepare periodic reports on the performance of projects and defaulters.

Follow up on the repayments of all loans.

Ensure the securities pledged to the bank do not deteriorate.

Provide continuous feedback on performance of borrowers and to identify actual or potential problems early so that timely adjustments to project operations can be made.   .

Ensure operating and financial performance of each project is adequately assessed, early warning signals identified and corrective

Carry out any other related duties assigned by Supervisor from time to time

Qualifications, Knowledge and Experience

Bachelor Degree in Business Administration, Economics, Finance, Accountancy, Banking, Land Management and Valuation, Building Economics, Real Estate Studies, Civil Engineering, Mechanical Engineering, Agriculture Economics, Crop Science, Agriculture Engineering or related disciplines from a recognized University/ institution.

At least four (4) years working experience in a commercial bank or financial institutions.

Strong written and oral communication skills with ability to write documentation in a concise and focused style.

Excellent developed interpersonal and organizational skills.

Must be a team player, very self-motivated and able to manage and prioritize work load with minimum supervision.

Should have computer skills.

Application Instructions:

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

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 referees.

Managing Director

TIB Development Bank Limited

Mlimani City Office. Park Building No.3 Sam Nujoma Road

P.O. Box 9373

Dar es Salaam

Fax: +255222411122

Phone: +255222411101-9
Areas: Arusha, Dar Es Salaam
Application Deadline: Apr 24, 2013