Cash Officer / Fund Transfer Officer at Balogun Gambari Microfinance Bank Limited

Job Purpose

• To effectively manage the Cash department and ensure controls of the Bank’s local and foreign cash and draft instruments are consistently adhered to.

Duties and responsibilities

• Compiles and reconciles data involving the electronic transfer of funds to maintain accounting records:
• Examines electronic funds transaction entries on documents, such as bank statements and printouts, for completeness and accuracy.
• Posts transaction data to specified accounts.
• Manages both internal and external transfers for bank customers.
• Handles inward and outward clearing instruments.
• Ensure customers' check requests are promptly processed
• Directs cash management operations to include daily cash administration and bank relations.
• Reviews and drives cash management; ensuring that the bank’s financial obligations are met
• Timely reconciles cash applications and disbursements.
• Monitors cash transactions to ensure that bank account balances and any unusual transactions are investigated.
• Forecasts, monitors and tracks cash flow (weekly, monthly, quarterly etc.).
• Prepares cash flow reports, and identifies and evaluates variances.
• Works with Financial controller to accurately forecast cash flows
• Responsible for evacuation of cash in compliance with vault and insurance limits.
• Petty Cash handling and reconciliation.
• Manage and maintain cash limits at the bank and ensure prompt expatriation of excesses
• Plan and coordinated delivery and collection of cash to and from corresponding banks

Qualifications

• Candidates should possess an HND / B.Sc in Accounting, Finance or relevant field
• Evidence of completion / exemption of/from NYSC

Experience:

• Minimum of 4 years of banking experience.
• Previous experience in a similar role or capacity
• Good communication and interpersonal skills

Skills:

• Knowledge of all regulatory policies and procedures
• Ability to recognize problems and apply Risk Management techniques to address them
• Strong planning, organizational and time management abilities
• Excellent verbal and written communication skills
• Meticulous attention to detail and accuracy.