Job Vacancies at Verite Microfinance Bank Limited

Job Responsibilities

• To effectively manage the Central Cash department and ensure controls of the Bank’s local and foreign cash and draft instruments are consistently adhered to
• Manage and maintain cash limits both at Central Cash and Branches and ensure prompt expatriation of excesses
• Plan and coordinate delivery and collection of cash to and from the Central Bank
• Ensure that foreign cash held is within the set limit
• Verify that vault/reserve cash movement differences are resolved daily
• Supply cash both local and foreign with minimum delay to Branches as per SLA
• Hold in joint custody the Banks Certificates of investments (Commercial Papers, Treasury Bills or Bonds, Govt Stock) and avail same to the Bank’s auditors on demand
• Hold in joint custody keys to vault cash compartments
• Ensure accurate and timely processing and reconciliation of General Ledger accounts
• Engage with Partner Banks in cash swaps
• Evaluates daily cash levels and ensures they meet short-term operating needs and long-term project financing requirements

Qualifications & Skills

• Applicants must be holder of HND/B.Sc in any discipline
• 2 years appropriate Banking experience on operational procedures related to money market and foreign exchange
• Good communication and interpersonal skills

go to method of application »

Job Summary

• The prospective candidate would be responsible for ensuring that customer' funds transfer instructions are efficiently and promptly executed without delays with a positive impact on customer delight.

Full Description

• The candidate will ensure customers' transactions (Manager's Cheques, NIP etc.) are processed within approved service turn around time;
• Ensure customers' instructions are properly reviewed before processing;
• Ensure all remittances for customers and regulatory agencies are handled within the agreed time-frame;
• Ensure daily and weekly balancing of internal funds transfer accounts such as Manager's Cheques, Cash Advance, etc;
• Maintain proper records of funds transfer transactions;
• Ensure maintenance and effective utilization of physical assets and resources (adding machines, workstations, stamps till boxes etc.).
• Transfer funds for customers as per customers instructions in a safe and secure manner by observing due diligence at all times.

Educational Qualifications

• Candidate must have a BA/B.SC in any discipline with a minimum of Second Class -Lower or HND Upper Credit with an MBA/ACA/CIBN.
• He/She's prior experience in similar function is compulsory.

Skills Requirements:

• Candidate must have excellent customer service orientation; must be able to pay attention to details;
• Fast and error free processing; have good numerical and analytical skills; have effective time management; ability to work under pressure.

go to method of application »

Job Description:

• To effectively manage the Central Cash department and ensure controls of the Bank’s local and foreign cash and draft instruments are consistently adhered to
• Manage and maintain cash limits both at Central Cash and Branches and ensure prompt expatriation of excesses
• Plan and coordinate delivery and collection of cash to and from the Central Bank
•  Ensure that foreign cash held is within the set limit
•  Verify that vault/reserve cash movement differences are resolved daily
• Supply cash both local and foreign with minimum delay to Branches as per SLA
• Hold in joint custody keys to vault cash compartments
•  Ensure accurate and timely processing and reconciliation of General Ledger accounts
• Engage with Partner Banks in cash swaps
•  Evaluates daily cash levels and ensures they meet short-term operating needs and long-term project financing requirements
• Transfer funds for customers as per customers instructions in a safe and secure manner by observing due diligence at all times.
• To ensure that customer’ funds transfer instructions are efficiently and promptly executed without delays with a positive impact on customer delight.
•  Be very articulate and pay attention to detail while bearing in mind the turnaround time (TAT) for all transfers and processing of customer instructions
•  Responsible for all clearing related activities and funds transfer processing:
• Ensure customers’ transactions (MCs, Cash Fast) are processed within approved service TAT.
• Ensure maintenance and effective utilization of physical assets and resources (adding machines, workstations, Stamps till boxes etc)
• Ensure customers’ instructions are properly reviewed before processing.
• Ensure all remittances for customers and regulatory agencies are handled within the agreed time-frame
• Account and financial statement preparation.
• Contributes to the safeguarding of corporate assets and the interest of members by ensuring that appropriate internal controls are in place and operating effectively.
• Conduct investigations of suspected internal fraud.
• Providing general assistance to the audit and business service team.
• Management account preparation.
• Developing strong working relationships with colleagues, clients and relevant authorities.

Qualification Required

• Minimum of HND/B.SC in Business, finance, accounting and related disciplines.
• He/She must be experienced in funds transfer, internal control and audit, tellership etc.
• Membership of professional bodies such as ICAN, CIBN is an added advantage
• He/she must have worked in financial institution for minimum of 3 years

Skills and Attributes Required:

• Unquestioned personal integrity with strong ethics and values.
• Capable of working independently and with minimum supervision.
• Good interpersonal skills with a proven ability to communicate effectively [Both written and verbal] with all level within the organisation.
• Strong analytical capability
• Candidate must have excellent customer service orientation; must be able to pay attention to details;