Cashier Officer

Post Title  Cashier Officer

Duty Station  Jowhar Branch, Hirshaballe

Expected starting date 1st December 2024

Status Permanent

Appointment period   Full-time

Reports to Branch Manager

Supervises       Branch Cashier (Tellers)

About the Central Bank of Somalia (CBS)

The Central Bank of Somalia was established in 1968 as the country’s financial regulatory institution. After years of insecurity, fragility, and economic decline due to the collapse of the state in 1991, The Central Bank was revived and strengthened with the CBS Act of 2011. The Act laid a new foundation to regulate and boost the country’s finance sector and facilitate economic growth.

Our Vision:

The CBS vision is to contribute to the prosperity of the people of Somalia, through maintaining economic & price stability, and financial system stability to support sustainable growth through policy stimulus & advice. In doing so, the Bank would act with the highest degree of integrity & professionalism.

Our Mission:

The mission of CBS is to fulfill its core objectives of maintaining price stability and building a robust, stable, up-to-date, and sound financial system. This would enable CBS to increase the provision of financial services with a wider choice of services geared to all levels of society, which is essential for sustainable growth & the alleviation of poverty.

Our Institutional Values:

• Commitment to serving the public interest.

• Institutional services and orientation.

• Ethics and integrity.

• Transparency and leadership by example.

• Teamwork, equity, fairness, and confidentiality.

1-      Role

The Currency and Banking Operations Group carries out a broad range of functions for the Central Bank of Somalia to provide a broad range of financial banking services to the state and its institutions (Public Sector) and for those who have current accounts at the CBS. It also provides additional services such as maintaining the legal reserves for commercial banks and rediscounting both commercial and financial papers.  It also provides clearing services. The main functions of the Banking Operations Department are to serve as the “Banker’s bank” by providing banking services to the Government, financial institutions, and other approved account holders.

2-      General Description 

The cashier of the Branch is responsible for cash payment and withdrawal, vault safety of the branch, and supervising tellers to perform daily cashiering tasks efficiently. He/she will be responsible for overseeing tellers’ activities and ensuring daily closing cash statements. Control operations by ensuring that genuine notes are deposited by detecting any counterfeited or mutilated notes, S/He makes sure that clients are served with care and prompt response. He/she reports to the branch manager regularly and as needed on a timely basis and works also with cashier officers to make sure cash and accounting books and values in the systems are matched and reconciled daily. He/she is a key member of the Banking Operation team.

3-      Main Duties and Responsibilities

• The Branch Cashier is the head of tellers at the branch and reports to the Branch Manager.

• S/He is responsible for managing the flow of cash, cheques, and documents received or paid.

• Serves as the Keyholder for Branch Vault Panel B and safeguards cash and tills.

• Authorizes daily operations in the system, including withdrawals, deposits, revenue transactions, payment vouchers, and invoices.

• Prepares daily closing statements for the branch.

• Handles cash withdrawals and deposits to and from Commercial Banks and oversees cash counting operations.

• Ensures cash transport to and from the HQ and manages the supply of cash to tellers, withdrawing excess, when necessary, after approval from the Branch Manager.

• Opens and closes branch operations daily with the Branch Manager and Accounting Officer.

• Loads cash into vaults and the cash counting center.

• Ensure all records and cash documents are transferred to the reconciliation section at the end of each working day.

• Prevents AML/CFT activities and spearheads anti-counterfeit deterrence within the Financial Management System (FMS), reporting to HQ.

• Performs any other duties as assigned by the Branch Manager related to branch activities

Education

Bachelor’s degree in accounting, banking and finance, business administration. Professional certification relevant to positions will be added advantage.

Experience:

• At least 3 years of practical experience in the fields of accounting, Banking operations, investment, and/or treasury operations. Strong demonstrated ability to manage objectives effectively.

Language:

• Operationally fluent in both Somali and English, in both speaking and writing.

1-      Functional and Organizational Skills

• Possess a demonstrated understanding of cash handling and its associated risks.

• Possess in-depth knowledge of CBS cash, cheque, and payment regulations

• Behave consistently with the CBS codes of ethics and ensure that the behavior of others is consistent with these codes.

• Establish and maintain positive working relationships with others both internal staff and external clients.

• Possess effective interpersonal and communication skills.

• Ability to motivate, supervise tellers evaluate their performance fairly, according to CBS rules, and provide timely feedback to the branch manager.

• Assess cash and handling procedures, identify problems, come up with possible solutions, and make recommendations to the branch manager for solutions.

Must be an accountable, responsible, and risk-averse person

Other Requirements

• High level of integrity and honesty

• Strong commitment to the vision of the CBS

• Elevated sense of security and confidentiality

How to apply

Qualified national applicants with required skills are invited to submit their electronic applications and updated resumes through email; recruitment@centralbank.gov.so and copy to branches@centralbank.gov.so not later Than 17th October 2024, midnight Mogadishu time. Incomplete Applications and those received after deadline will not be considered, Per human resources policy, Central Bank is equal opportunity employer, female applicants are highly encouraged to apply. Please note Only shortlisted candidates will be contacted.