Position Description:
From Mwananchi December 18, 2013
Introduction
The National Insurance Corporation of Tanzania (NIC (T) Ltd) is a state owned insurance company with a branch network all over the country. NIC is in the final stage of restructuring aimed at regaining its position as a strong, dynamic and IT driven corporation acting as a market leader in providing insurance services in Tanzania.
In order to strengthen its operations, the Corporation now needs to fill some few vacant posts in order to obtain dynamic, dedicated and self motivated employees who will enable the Corporation to meet the aspirations of all its stakeholders especially customers.
The Corporation wishes therefore to invite candidates with competent skills to fill the following vacancies: - Directorate of Finance and Administration
Required Qualifications and Experience:
The holder of this position must have CPA (T) or equivalent qualifications, be registered with NBAA as Certified Public Accountant, with a minimum of five (5) years post professional qualification experience in the field. Post-graduate qualifications in Finance and lor Accounting will be an added advantage.
Reports to:Director of Finance and Administration
Key Duties Performed and Responsibilities:
To supervise all accounting functions and maintain the corporation's accounting books in accordance with International Financial and Reporting Standards.
To oversee the preparations of annual plan and budget and monitor the implementation of such plan and budget. To maintain the budget and takes measures and to ensure that the Corporation activities conform as much as possible to the budget.
To update accounting manuals, rules, regulations and recommend changes in financial policies. To exercise overall budgetary control over corporate funds.
To establish proper system for the management of the corporation's collections including their transfer from various branches.
To monitor and establish adequacy of corporate capital base.
To prepare periodical financial statement to facilitate constant review of the corporation financial status.
To initiate the valuation of assets so as to reflect their current value in the Corporation’s financial statements:
To maintain books of accounts for life and non-life business and to maintain an up to date register of fixed assets and of all other accounting documents.
To carry out constant cash flow reviews bank' reconciliations and verification of all accounting transaction.
To make all necessary preparations for the Corporations accounts to be audited in accordance with legal requirements and assist the auditors in carrying out their work.
To prepare periodic reports on liquidity management in collaboration with Planning and Investment department and status of the short -term and long-term investment portfolio.
To deal with all matters pertaining to Taxation and to perform such other relevant duties as may be assigned by the Director of Finance and Administration from time to time.
Application Instructions:
Qualifying candidates should apply and indicate the requested post in writing or lodge their applications at the address below enclosing:
An application letter showing how you meet the post's requirements and comprehensive Curriculum Vitae. Copies of relevant certificates and awards.
Contact address including telephone number(s) and email addresses.
Successful candidates will serve the Corporation under specific employment contract.
All travelling and lodging costs when attending the interview will be borne by the applicant.
Managing Director
National Insurance Corporation of Tanzania Ltd
P.O. BOX 9264,
Dar Es Salaam, Tanzania
Deadline: 31th December 2013
Chief Accountant , National Insurance Corporation of Tanzania
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