Cash Officer

The role holder is responsible for maintaining custody of cash in the branch and the strong room

Key Responsibilities:

  • Manage counter services to ensure efficient service is delivered to customers.
  • Manage ATMs to ensure that they are operational at all times and replenished with new/serviceable notes.
  • Maintain custodian cash in the branch and the strong rooms
  • To ensure that cash holding limits are maintained both in reserve and with the cashier’s tills.
  • To authorize cash payments and withdrawals above the Section Heads’/cashiers’ limits.
  • To monitor and provide adequate currency notes to cashiers for counter service.
  • To ensure that cash held is adequately insured at all times.
  • Control and supervise the confirmation and sealing of cash deposited by cashiers into reserve.
  • Control and maintain reserve cash within approved limits for the branch.
  • Collect or receive excess foreign currency from cashiers for lodgement.
  • Supervise confirmation and packing of foreign currency for repatriation.
  • Respond to cash related customers’ correspondence.
  • Ensure that customers’ cash requisitions are prepared promptly.
  • Ensure that customers’ cash vouchers together with relevant cash summaries are ticked for validation purposes.
  • Take stock of cash in the safe and ensure that soiled notes and excess local or foreign currency in reserve are repatriated.
  • Make follow up on any cash related suspense entries.
  • Lodge cash in the strong room whenever necessary

Daily Responsibilities:

  • Responsible for cash movements into and out of reserve
  • Ensure maintenance of proper records and control of the following registers
  • Reserve cash register.
  • Foreign currency register
  • Cross entries.
  • Lodge cashiers tills in the safe at end of day.
  • Ensure that cashiers balance their cash against cash analysis reports on daily basis
  • Ensure preparation of the overall cash summary on daily basis.

Requirements:

  • Bachelor’s Degree- Business related
  • Professional qualifications in AKIB,CPA(T),ACCA is desirable
  • Master’s Degree- Business related is an added advantage
  • Experience of 6 years is required
  • Experience of 2 years in Sales-PB/BB/RB or Sales Manager is required
  • Experience of 2 years in credit experience is required
  • Experience of 4 years in Banking Ops-Cash, Clearing, Accounts &Administration is required
  • Experience of 2 years in customer service/Relationship Management is required
  • Experience of 2 years in Branch Manager Medium Branch

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