Central Bank Of Somalia
CENTRAL BANK OF S OMALIA
البنك المركزي الصومالي
bankiga dhexe ee soomaaliya
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Job Description
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Post Title
Cashier (Officer)
Duty Station
Galmudug State of Somalia, Dhusamareb
Expected Starting Date
October, 2023
Contract Status
Permanent (Full-time)
Reports to
CBS Galmudug State Branch Manager
Supervises
Branch 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 vision of CBS is to contribute to the prosperity of the people of Somalia, through maintaining economic and price stability; and financial system stability to support sustainable growth through policy stimulus and advice.
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 Central Bank of Somalia’s (CBS) Galmudug State of Somalia Brach cashier is responsible for variety of cashiering duties including but not limited to cash payment, withdrawal, vault safety, managing cash, ensuring the daily closing cash statements of the branch, providing outstanding services to branch’s clients, supervises tellers to perform their daily cashiering tasks efficiently to make sure that clients are served with care and prompt response.
2- General Description
The Central Bank of Somali’s Galmudug State Brach is responsible for carrying out the CBS’s mission, vision, institutional policies, goals, and objectives as state level. To this end, the CBS’ state branch is in charge of fostering economic development and preserving the stability of the country’s financial system stability at state level. In addition, the state branch will be responsible for providing banking services to the state government “Galmudug State”, other financial services, commercial banks, and the public at state level as the CBS’s Headquarters delegates.
CBS’s Galmudug State Branch Cashier will be responsible for managing the branch’s day-to-day cash operations. The ideal candidate for this position must possess excellent communication, interpersonal, required technical skills, ability to work under pressure, detail-oriented, accurate, and have excellent customer service and cashiering skills. This position also requires a high level of proficiency in cash handling processes and banking systems (core banking). Overall, the Cashier will assist the branch manager to carry out the day-to-day cash handling operations of the branch.
3- Main Duties and Responsibilities
- Supervises branch’s tellers.
- Verifies daily transactions in the system whether it’s withdrawal, deposits, revenues, and payment transfers.
- Prepares daily closing statements of the branch and submits them to the Branch Manager for approval.
- Handles cash withdrawals and deposits of commercial Banks and State Ministry of Finance
- Performs daily records in the core banking system.
- Assists the Branch Manager with cash transporting to or from the Branch/HQ.
- Loads cash from/to Vaults and to the cash counting center.
- He/she reconciles with branch accountant officer.
- Ensures that all cash handling procedures are followed precisely to prevent delays, mistakes, inconsistencies, and cash loss.
- Verify cheque signatures before cash deposits and withdrawals made.
- Makes sure that all branch’s cash transactions are accurately recorded and kept safe during the operations.
- Responsible for custody of Panel A Vault Keys.
- Makes sure that branch’s tellers are adhered to all CBS regulations and internal policies.
- Deal will Customer enquiries and complains.
- Introducing new staff members to the CBS Banking operations procedures and software’s
- Identify cash related errors and Cash operational risks.
- Oversee the security of the cash transported to the QH and vice versa.
- Responsible prevention and properly recording of the counterfeit notes at Branch level and report Branch Manager.
- Supervise Cash counting and sorting notes using cash counting machines as well as detecting counterfeit notes.
- Performs any other job-related duties as assigned by the Brach Manager.
Education:
- The ideal candidate for this position must have a bachelor’s degree in accounting, banking, finance, or business administration.
- Master’s degree in accounting, banking, economics, or finance will be an added advantage.
Work Experience:
- Candidate must have a minimum of five (3) years of working experience in cash handling or a related job.
- Hands-on previous cashier experience in the banking industry is preferred.
Language:
- Operationally fluent in both Somali and English.
Computer Skills:
- The candidate of this position must be proficient in Microsoft Office and have experience with banking software (Core Banking).
5- Functional and Organizational Skills
The ideal candidate should possess the following functional and organizational skill:
· Ability to work under pressure.
· Possesses good problem-solving skills.
· Possesses scheduling and administrative skills.
· Strong communication skills & Interpersonal skills.
Strong customer service skills.
· Possess in-depth knowledge of cash, cheque, and payment regulations.
· Good understanding of cash handling its associated risks.
Other Requirements:
The ideal candidate should have the following attributes:
· High level of integrity, honesty, and professionalism.
· Strong work ethic and commitment to excellence.
· Commitment to organizational mission, vision, and values.
· Elevated sense of security and confidentiality.
Expected Deliverables:
· Timely and accurate cash handling.
· Adherence to CBS internal cash policies and procedures.
· Free-error and effective cash handling.
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 14th September 2023 midnight Mogadishu time. The Subject line for the applicant’s email should be Application for CBS Galmudug State of Somalia Branch Cashier (Officer). Incomplete Applications and those received after the deadline will not be considered. If you meet the forementioned qualifications, skills, experience, and criteria, we strongly encourage you to apply this position submit your application to contribute to the growth and success of the Central Bank of Somalia.
***Please note Only shortlisted candidates will be contacted.