The Tanzania Electric Supply Company (TANESCO) is focusing on increasing the outreach and service quality of its Energy products for Tanzanian people.  Next to its current passion as a leading provider of electricity, is to be more efficient customer focused utility for Tanzania and beyond. The Company has the largest electricity generation, transmission and distribution network in Tanzania. In order to reach its goals, the Company will, in the coming years invest heavily in its generation, transmission and distribution network, its business systems and human capital. TANESCO now invites applicants who are self-motivated, honest, hardworking and committed individuals to fill one of the top management positions in the Company.

Specific attributes for the Position to be filled:

The required candidate must:
  • Demonstrate impeccable performance track record;
  • Demonstrate highest degree of integrity;
  • Possess good communication and interpersonal skills;
  • Possess leadership, project management, problem solving, negotiation, research and analytical skills. 
  • Be capable of delivering excellent results while working under pressure with tight deadlines;
  • Possess knowledge and competency in Information and Communication Technology (ICT) application.

CHIEF FINANCIAL OFFICER 
Reporting to:Managing  Director
Division: Finance

JOB PURPOSE

The Chief Financial Officer is responsible for all accounting and financial requirements of the Company in order to enhance performance of the Company.

PRINCIPAL ACCOUNT ABILITIES
1.Develop and control the Company’s annual budget to ensure all financial targets are met and financial and statutory regulations are complied with. 
2.Oversee the preparation of Company’s financial accounts to ensure that they are presented accurately and on time.
3.Lead the development of both the operation and capital budget, to ensure compliance with established company parameters and timeliness and provide management with monthly performance report (Actual vs. Budget).
4.Constantly review credit control policy and procedures to ensure that the company receivables are maintained at the lowest manageable levels.
5.Review Company performance on revenue and prepare timely appraisal report in order to ensure the companies set KPIs on revenue are attained.
6.Develop policies and procedures to ensure compliance with statutory requirements, financial regulations, accounting instructions and International Financial Reporting Standards. 
7.Manage treasury functions to ensure that the company cash flows are adequately safeguarded and ensure that Company’s obligations are settled as they fall due.
8.Manage preparation of final accounts and ensure compliance with International Financial Reporting Standards (IFRS) and pertinent regulatory requirements so as to achieve true and fair view position to attain unqualified audit opinion. 
9.Oversee the management of company’s inventories to ensure that they are maintained at optimum level to support business operations.
10.Manage and monitor functions related to the company fixed assets management, major project’s management, Company’s Foreign Loans and Grants financial transactions.
11.Manage and develop proper utilization of resources (human capital, financial and other Company assets) within the Business Unit.
MINIMUM EDUCATION AND EXPERIENCE

•Bachelor’s degree in Accounting or Finance or equivalent.
•Registered by NBAA Board.
•Holder of CPA or its equivalent recognized by NBAA.
•8 years working experience (3 years in Senior Managerial position).

EMPLOYMENT TERMS: 
Contract of three (3) years – renewable based on performance.

Attractive remuneration package will be offered to the successful candidate.

MODE OF APPLICATION:
Applicants should submit a detailed application letter, clearly stating why you should be considered for the position, and how you will add value, a detailed curriculum vitae, and copies of certificates they wish to use in supporting their applications, three referees and two (2) passport size photographs to the address shown below. Deadline for receiving applications is 22nd January, 2016 at 17:00 hrs.

Applicants must clearly show their complete address including mobile telephone numbers and email addresses. Only shortlisted candidates will be contacted.

MANAGING DIRECTOR,
TANESCO LTD UMEME PARK,
UBUNGO P. O BOX 9024,
DAR ES SALAAM.