Vacancy title:
2 Cash Officer

[Type: FULL_TIME, Industry: Accounting, Category: Accounting & Finance]

Jobs at:
KCB Bank

Deadline of this Job:
Wednesday, April 23 2025

Duty Station:
kampala | Kampala | Uganda

Summary
Date Posted: Tuesday, April 15 2025, Base Salary: Not Disclosed

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JOB DETAILS:

JOB PURPOSE:

To implement operational controls that ensure seamless processing and excellent service delivery in the Cash Management Unit while ensuring compliance with internal and regulatory standards.

KEY RESPONSIBILITIES:

• Participate in counting and verification of cash from branches, BOU, CDMS, inter-bank or other agencies.
• Ensure dual control on all cash transactions and post cash transactions in the core banking system as per laid down procedures.
• Ensure that the bank is safeguarded against penalties, losses and frauds.
• Timely preparation of all the necessary documentation for all cash transactions e.g Swift messages to BOU.
• Monthly preparation and reconciliation of CIT schedules versus CIT service invoices billed to the bank to guard against invoicing fraud.
• Participate in cash knowledge dissemination to bank staff across the branch network.
• Represent the bank as a cash agent in all cash transactions with the inter-bank and BOU.
• Participate in identification of risks affecting the unit and report all risk incidents through appropriate channels.
• Custody of unit keys & other bank valuables in the unit including CIT seals ensuring their register is maintained up-to-date.
• Reconciliation of suspense accounts/GLs under the Cash Management Unit as per predetermined frequency.
• Ensure adequate and excellent record keeping of all unit records including transaction vouchers.

DAILY RESPONSIBILITIES:

• Receipt, counting and verification of cash from/to branches, CDMs, BOU, inter-bank & other channels.
• Raise vouchers and post cash related entries in the core banking system under proper segregation.
• Raise vouchers and post cash related entries in the core banking system under proper segregation.
• Lodgment/withdraw of cash to and from vault under dual control.
• Update cash registers for all currencies held to ensure cash positions are a reflection of system GL balances.

MINIMUM POSITION QUALIFICATION REQUIREMENTS:

• A Bachelors Degree is Required.
• Professional Qualifications are an Added Advantage.
• A Masters Degree is an Added Advantage.
• Total Minimum No of 1 Year of Experience Required

Work Hours: 8

Experience in Months: 12

Level of Education: bachelor degree

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