DEADLINE: 23/04/2025

Cash Officer

Full-time

KCB Bank is hiring a Cash Officer to ensure efficient, secure, and compliant cash management operations. We are seeking a detail-oriented individual with experience in banking and cash handling to safeguard transactions, maintain accurate records, and support our branch network.

General Responsibilities:

Participate in counting and verification of cash from branches, Bank of Uganda (BOU), Cash Deposit Machines (CDMs), inter-bank, or other agencies.
Ensure dual control on all cash transactions and post them in the core banking system per established procedures.
Safeguard the bank against penalties, losses, and fraud.
Prepare timely documentation for cash transactions (e.g., Swift messages to BOU).
Monthly preparation and reconciliation of Cash-in-Transit (CIT) schedules versus CIT service invoices to prevent invoicing fraud.
Maintain adequate and excellent record-keeping of all unit records, including transaction vouchers.
Participate in disseminating cash-handling knowledge to bank staff across the branch network.
Represent the bank as a cash agent in transactions with inter-bank and BOU.
Identify and report risks affecting the unit through appropriate channels.
Manage custody of unit keys, CIT seals, and other bank valuables, ensuring an up-to-date register.
Reconcile suspense accounts/General Ledgers (GLs) under the Cash Management Unit per predetermined frequency.

Daily Responsibilities:

Receive, count, and verify cash from/to branches, CDMs, BOU, inter-bank, and other channels.
Raise vouchers and post cash-related entries in the core banking system with proper segregation.
Report daily branch cash positions for effective cash planning.
Lodge/withdraw cash to/from the vault under dual control.
Update cash registers for all currencies to ensure alignment with system GL balances.

Minimum Qualification Requirements:

Bachelor’s degree in a business-related field.
Possession of a Master’s degree or professional qualification in banking is an added advantage.
At least 1 year of experience in banking with knowledge of cash handling in a financial institution.
Understanding of cash risk management, banking policies, and procedures.

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About KCB Bank

Industry: Banking

Location: Kampala, Uganda

KCB Bank Uganda which has been part of the KCB Group since 2007, is a financial service provider that focuses on providing innovative banking solutions in Uganda. It is licensed as a commercial bank by the Bank of Uganda, the national banking regulator.