Tuesday, August 4, 2020

Operations Manager at PASS

About PASS Leasing Company Limited

The Private Agricultural Sector Support (PASS) Trust was established as the project in year 2000 in order to stimulate investments and growth in private sector commercial agriculture and related sector through access to finance in Tanzania. It was registered in 2007 as an autonomous non-profit organization under  the  Trustees’ Incorporation Act of Tanzania. PASS was founded  by Government  of Denmark  and Government of the United Republic of Tanzania

With a view to further promote the financing and growth of the agricultural sector, PASS Trust has established a wholly owned company known as the PASS Leasing Company Limited. This new Company has been granted a provisional/temporary license by the Bank of Tanzania (BOT).

The mission of PASS Leasing Company is to support agricultural producers to reach their productive potential through offering competitively priced lease financing without imposing traditional collateral requirements on customers. The Company aims to demonstrate that there is a huge market potential in asset-based financing in order to encourage further investment in agriculture by other leasing and financial service providers in the market.

PASS Leasing Company is hereby inviting applications from suitably qualified and experienced, dynamic and motivated Tanzanian citizens to immediately fill vacant positions currently existing in the leasing company.

JOB TITLE : Operations Manager- 1 POST
JOB REPORTING TO : Managing Director


The position requires handling of all Business functions of PASS Leasing Company Limited by planning, implementing and coordinating all leasing operations, ensuring  that processes and procedures for all leasing products and services offered by the company are in place and aligned with the business plan and goals. He/she is also responsible for ensuring that the company complies with Bank of Tanzania (BOT) Financial Leasing and other Regulations as well as compliance with other laws regulating financial leasing business in Tanzania. He/she serves as an advisor to the Managing Director and the Board in areas of financial leasing business.


The Operations Manager will be part of the Executive Management team which has the overall responsibilities of implementing the Company’s business strategy, ensuring that Bank of Tanzania (BOT) Financial Leasing Regulations are translated into internal Policies and Risk Management Framework, ensuring that the company has an adequate Management Information System (MIS) that is capable of identifying early warning signals for bad credits and credit control break, and Establishing internal controls including putting in place clear lines of accountability and authority to ensure effective credit risk management processes.

Main responsibilities of the Operations Manager will be:

1.     At least Bachelors’ Degree in Finance,

Finance and Banking Agriculture, Accounting, Economics, Business Administration, Agricultural Engineering, Rural Development, or related field from a recognized University.

2.     Master’s in Business Administration (MBA) or Post graduate qualification in Leasing or Finance and Banking.

1.      Natural authority with independent

position in decision making.

2.      Sound understanding of financial leasing or asset financing business.

3.       At least 7 years proven track record in leasing or asset financing operations from a recognized Leasing or Banking Institution out of which at least 3 years must be at a Senior Management level.

4.       Experience and ability to manage funds, institute proper credit evaluation, collection procedures and effective internal controls.

•     Manage the budget under him/her which include recommendation of invoices for payments and proposals/quotes, preparation of budgets for the Department and give inputs to the overall Company’s activity plans and budgets.


Technical Competencies:

1.         Thorough knowledge of after sale services provided by equipment/asset suppliers.

2.         In-depth understanding of the buy- back arrangements and contracts with suppliers of leased equipment/assets.

3.         Clear and articulate knowledge of risks affecting leasing and assets financing operations.

4.         Familiar with the Bank of Tanzania Risk Management Guidelines and regulatory requirements guiding the financial leasing business.

Behavioral Competencies:

1.                    Possession of a strategic mindset and problem-solving skills.

2.                    Ability to demonstrate change management skills and self-awareness to take varying approaches with a dynamic set of stakeholders.

3.                    Should have an analytical and creative mindset to seek, encourage and find non-traditional approaches to handling challenges.

4.                    Demonstration of strong leadership skills

5.                    Team player at executive levels to collaborate with business units and functional partners like IT, Audit, HR, Finance, Business Development, Risk, Legal, etc.


PASS Leasing Company is an equal opportunity employer and the position is open to all qualified candidates. Eligible candidates should submit a cover letter, detailed CV with at least three referees and copies of academic certificates before 10th August, 2020, 12.00

Unfortunately, due to the large volume of applications we receive, we will not be able to respond to each individual candidate therefore, only shortlisted candidates will be contacted.

Interim Managing Director – PASS Leasing Company.

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