The branch accountant officer is responsible for the daily operation, reconciliation, accounting, and closing business statements of the Branch and is responsible for the quality and timeliness of services. He/ she will be responsible for ensuring the delivery of services, recommending policies and procedure changes to senior management, overseeing the development of policies in areas of public sector operations, providing accurate information and relevant recommendations, and reporting to the Department Director, Banking Operations regularly and as needed on a timely basis. He/she is a key member of the Banking Operations team.
- Manage Branch Transactions: Oversee the processing of inwards and outwards transactions through National Payment Systems such as STARS, ACH, RTGS, and Pay Connect.
- Daily Account Reconciliation: Perform daily reconciliations for TSA, Local Government, Commercial banks, and all project accounts, ensuring alignment with original documentation.
- Maintain State and Commercial Bank Accounts: Manage accounts for both state entities and bodies with accounts at the CBS, including legal monetary reserves, settlements, and various clearances.
- Control Ledger Management: Countercheck and maintain branch circulation ledgers and ensure accuracy and consistency in entries.
- Currency Centre and Ledger Oversight: Monitor the branch currency center control ledger and ensure daily returns are accurate and up to date.
- Daily System Reconciliation: Ensure that daily operational system reports are reconciled, identifying and addressing any discrepancies.
- Weekly and Monthly Reconciliation: Ensure accuracy in weekly stock reconciliations and submit the monthly reconciled currency positions to management.
- Error Handling and Cooperation with HQ: Collaborate with CBS Headquarters on error transactions and ensure reconciliations are performed accurately.
- Clearing Process and Check Administration: Oversee the clearing process, accepting and processing checks for agencies with accounts at CBS.
- Preparation of Financial Statements: Responsible for preparing daily, monthly, and yearly branch account statements and handling the daily closing statement.
- System and Excel Troubleshooting: Address and correct calculation errors in both system and Excel, ensuring data integrity.
- Financial Record Management and Reporting: Serve as the chief officer for branch reconciliation and financial reporting, and maintain branch records such as 8c, 18d, and 14c, while preparing branch expenses and orders.
2. Qualifications
Education: A bachelor’s degree in accounting, Finance, Economics, or Business Administration is required. A professional accounting certification is an added advantage.
Experience:
- At least 3 years of practical experience in the fields of accounting, Banking operations, investment, and/or treasury management. A part of the experience should be in a supervisory position.
Language:
- Operationally fluent in both Somali and English, in both speaking and writing.
3. Functional and Organizational Skills
- Possesses a demonstrated understanding of the economics of banking.
- Possess in-depth knowledge of applicable laws and regulations as they relate to current account activities.
- 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 internally and externally.
- Possess effective written, oral, and interpersonal communication skills.
- Strong leadership skills, including the ability to shape, communicate and implement a strategic vision for the Currency and Banking Operations Group and Banking Operations Department and guide staff with innovative and proactive thinking.
- Ability to empower the Branch’s staff and evaluate their performance fairly, according to CBS rules, and provide timely feedback.
- Assess problem situations, identify possible solutions, and make recommendations and/or resolve the problem.
- Must be accountable, responsible, and risk-averse.
- Possess demonstrated modern management skills and utilize international best practices to ensure the best performance of the branch staff.
Other Requirements
- High level of integrity and honesty
- Strong commitment to the vision of the CBS
- Elevated sense of security and confidentiality
Key Performance Measures
- Operational efficiency and effectiveness as measured by:
- Client complaints
- Reporting and reconciliation errors
- Operation losses
Audit and risk assessment ratings either done by CBS or internal/external audits Overall Operations unit departmental and individual staff performance was done at the end of the year.
4. Application Procedures
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 11 th May 2025, 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
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