Manager Internal Audit Job Vacancy at First Housing Finance (Tanzania) Ltd – February 2025

Job Posting

Company: First Housing Finance (Tanzania) Ltd
Location: Tanzania
Department: Internal Audit
Grade: Manager
Reporting To: Chief Executive Officer (Administratively) / Board Audit and Risk Committee (Functionally)
Employment Type: Full-Time

Company Overview

First Housing Finance (Tanzania) Ltd is a leading housing finance company dedicated to providing long-term mortgage solutions. As a pioneer in Tanzania’s housing finance market, we offer a range of mortgage products, including home purchase, improvement, extension, completion, and refinancing options. Our goal is to empower individuals and families with tailored financial solutions to achieve their homeownership dreams.

Job Purpose

The Manager Internal Audit will be responsible for supporting the Board Audit and Risk Committee (BARC) and relevant regulators to ensure the effectiveness of the company’s internal audit framework. This role involves assessing the adequacy and efficiency of internal controls, compliance, financial operations, and risk management processes through comprehensive audits.

The successful candidate will ensure adherence to regulatory requirements, identify areas for process improvements, and enhance governance mechanisms within the organization.

Key Responsibilities

Audit Planning & Execution

• Develop and execute risk-based audit plans covering all company operations.
• Conduct financial, operational, compliance, and system audits to assess internal control effectiveness.
• Document and report legal responsibilities with external stakeholders, including regulators and central banks.
• Ensure timely and well-documented support for audit findings, with recommendations for process improvements.
• Evaluate existing controls, identify gaps, and recommend corrective measures.

Compliance & Risk Management

• Ensure compliance with Tanzania’s regulatory requirements, company policies, and internal procedures.
• Work closely with Bank of Tanzania, Tanzania Revenue Authority (TRA), and other regulatory bodies to ensure adherence to financial and operational guidelines.
• Provide compliance guidance to employees and ensure the integrity of financial transactions.

Reporting & Stakeholder Engagement

• Prepare and present monthly, quarterly, and annual audit reports to management, BARC, and regulatory bodies.
• Communicate audit findings and risk assessments to executive management and the Audit Committee.
• Collaborate with the Committee Secretary to support BARC functions effectively.
• Review financial statements before publication to ensure accuracy and compliance.

Process Improvement & Advisory

• Develop and implement audit procedures that enhance operational efficiency.
• Assess and recommend enhancements to audit programs based on emerging risks and market conditions.
• Ensure the Internal Audit Charter is upheld while fulfilling all audit-related responsibilities.
• Participate in strategic initiatives to strengthen financial governance and corporate risk management.

Qualifications & Experience

• Education: Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• Certifications:
  • Certified Internal Auditor (CIA), CPA, or equivalent.
  • Must be registered as CPA PP, ACP, or equivalent.
• Experience:
  • Proven experience in internal auditing, compliance, and risk management.
  • Strong analytical skills with an ability to assess financial controls and operational risks.
  • Excellent communication and stakeholder management skills.

Equal Opportunity Employer

First Housing Finance (Tanzania) Ltd is committed to fostering a diverse and inclusive workplace. We are an equal opportunity employer and encourage applications from candidates of all backgrounds, including women and individuals with disabilities.

How to Apply

Interested candidates should submit their CV and cover letter outlining their qualifications and relevant experience to [email protected] no later than Friday, 7th March 2025.

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