Job Overview

Simplepay Capital Financial Services Tanzania Ltd is seeking a qualified and experienced Senior Accountant to manage the organization’s financial records, ensure accurate financial reporting, maintain compliance with Tanzanian tax and regulatory requirements, and support management with financial analysis for informed decision-making.

Key Responsibilities

Financial Reporting

The Senior Accountant will be responsible for preparing accurate and timely financial reports in line with professional standards and company policies.

Key duties include:

• Prepare monthly, quarterly, and annual financial statements.
• Ensure accuracy and completeness of accounting records in compliance with IFRS and company policies.
• Support the preparation of management reports and financial analysis.

Bookkeeping and Ledger Management

The role includes maintaining accurate accounting records and ensuring proper transaction classification.

Key duties include:

• Maintain general ledger accounts and ensure proper classification of transactions.
• Post journal entries and reconcile accounts regularly.
• Ensure all financial transactions are properly recorded in the accounting system.

Accounts Payable and Receivable

The Senior Accountant will oversee supplier payments, receivables, and transaction documentation.

Key duties include:

• Manage supplier payments and ensure timely settlement of invoices.
• Monitor receivables and follow up on outstanding balances.
• Maintain proper documentation for all financial transactions.

Bank and Cash Management

The role requires effective monitoring and management of company funds and cash flow.

Key duties include:

• Perform bank reconciliations regularly.
• Monitor company cash flows and ensure proper management of funds.
• Maintain petty cash and ensure proper accountability.

Tax Compliance

The Senior Accountant will ensure full compliance with tax requirements and statutory obligations in Tanzania.

Key duties include:

• Prepare and file tax returns including VAT, PAYE, Withholding Tax, and Corporate Tax in compliance with Tanzania Revenue Authority regulations.
• Ensure timely payment of statutory obligations, including NSSF, SDL, and WCF.
• Liaise with tax authorities during audits or inquiries.

Budgeting and Financial Planning

The position supports financial planning, budgeting, and performance monitoring.

Key duties include:

• Assist in the preparation of annual budgets and financial forecasts.
• Monitor budget performance and provide variance analysis.

Audit Support

The Senior Accountant will support both internal and external audit processes.

Key duties include:

• Prepare schedules and documentation for internal and external audits.
• Ensure compliance with financial regulations and company policies.

Regulatory Compliance

The role requires maintaining compliance with financial reporting requirements and Tanzanian laws.

Key duties include:

• Ensure compliance with financial reporting requirements under the National Board of Accountants and Auditors guidelines.
• Maintain proper financial records in line with Tanzanian laws.

Internal Controls

The Senior Accountant will help strengthen financial controls and reduce financial risks.

Key duties include:

• Implement and maintain internal financial controls.
• Identify and mitigate financial risks.

Qualifications and Experience

Applicants should meet the following requirements:

• Bachelor’s degree in Accounting, Finance, or a related field.
• Professional certification such as CPA (T), ACCA, or equivalent recognized by the National Board of Accountants and Auditors.
• Minimum of 3–5 years of accounting experience.
• Experience with accounting software, preferably Odoo or similar systems.
• Strong understanding of Tanzanian tax laws and financial regulations administered by the Tanzania Revenue Authority.
• Experience working in a Microfinance Institution (MFI) or financial services company will be an added advantage.

Key Skills and Competencies

The ideal candidate should possess the following skills and competencies:

• Strong financial analysis and reporting skills.
• High level of accuracy and attention to detail.
• Knowledge of IFRS and local tax regulations.
• Strong analytical and problem-solving abilities.
• Good communication and interpersonal skills.
• Ability to meet deadlines and work under pressure.

Key Performance Indicators

The successful candidate will be assessed based on the following key performance indicators:

• Timely preparation of financial reports.
• Accuracy of accounting records.
• Compliance with statutory filing deadlines.
• Effective management of receivables and payables.
• Successful completion of audits with minimal queries.

• Prepare monthly, quarterly, and annual financial statements.
• Ensure accuracy and completeness of accounting records in compliance with IFRS and company policies.
• Support the preparation of management reports and financial analysis.
• Maintain general ledger accounts and ensure proper classification of transactions.
• Post journal entries and reconcile accounts regularly.
• Ensure all financial transactions are properly recorded in the accounting system.
• Manage supplier payments and ensure timely settlement of invoices.
• Monitor receivables and follow up on outstanding balances.
• Maintain proper documentation for all financial transactions.
• Perform bank reconciliations regularly.
• Monitor company cash flows and ensure proper management of funds.
• Maintain petty cash and ensure proper accountability.
• Prepare and file tax returns including VAT, PAYE, Withholding Tax, and Corporate Tax in compliance with Tanzania Revenue Authority regulations.
• Ensure timely payment of statutory obligations, including NSSF, SDL, and WCF.
• Liaise with tax authorities during audits or inquiries.
• Assist in the preparation of annual budgets and financial forecasts.
• Monitor budget performance and provide variance analysis.
• Prepare schedules and documentation for internal and external audits.
• Ensure compliance with financial regulations and company policies.
• Ensure compliance with financial reporting requirements under the National Board of Accountants and Auditors guidelines.
• Maintain proper financial records in line with Tanzanian laws.
• Implement and maintain internal financial controls.
• Identify and mitigate financial risks.

• Strong financial analysis and reporting skills.
• High level of accuracy and attention to detail.
• Knowledge of IFRS and local tax regulations.
• Strong analytical and problem-solving abilities.
• Good communication and interpersonal skills.
• Ability to meet deadlines and work under pressure.

• Bachelor’s degree in Accounting, Finance, or a related field.
• Professional certification such as CPA (T), ACCA, or equivalent recognized by the National Board of Accountants and Auditors.
• Experience with accounting software, preferably Odoo or similar systems.
• Strong understanding of Tanzanian tax laws and financial regulations administered by the Tanzania Revenue Authority.
• Experience working in a Microfinance Institution (MFI) or financial services company will be an added advantage.