Assistant Accountant payable Officer
Job Description
Job Description
Post Title Assistant Accountant payable Officer
Duty Station Jowhar, Hirshaballe Branch
Expected starting date 1st December 2024
Status Permanent
Appointment period Full-time
Reports to Accountant Officer of the branch
Supervises None
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 CBS vision is to contribute to the prosperity of the people of Somalia, through maintaining economic & price stability, and financial system stability to support sustainable growth through policy stimulus & advice. In doing so, the Bank would act with the highest degree of integrity & professionalism.
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.
Role
The Currency and Banking Operations Group carries out a broad range of functions for the Central Bank of Somalia to provide a broad range of financial banking services to the state and its institutions (Public Sector) and for those who have current accounts at the CBS. It also provides additional services such as maintaining the legal reserves for commercial banks and rediscounting both commercial and financial papers. It also the accountant will manage all fees invoicing and financial transactions, from fixed payments and variable expenses to branch.
General Description
The Assistant accountant officer is responsible for working on the branch financial bookkeeping and records at the branch. S/He is responsible for ensuring that transactions of payments, cheques, and branch expenses are made correctly. He is also responsible for the reconciliations between customer accounts and physical documents to make sure nothing has been omitted. The reasonability of the accountant also covers reconciling with the cashiers and the production of daily and/or monthly reports required by the Accounting FMS or any other customer holding account at the branch.
Main Duties and Responsibilities
· Assist Accountant officer transactions through the National Payments system ACH and RTGS.
· Cooperate with the Accountant officer of the branch on daily business flow inward and outward of the state projects.
· Maintaining accurate financial records
· Ensure timely bank payments
· Report on the branch of financial health and liquidity
· Manage daily all branch accounting transactions as instructed by the accountant officer.
· Publish statements at any time required by the clients
· Handle daily closing statements with the accounts division as reconciliation
· with the ability to use computer account systems/applications
· Ensures all deposits and payments are correctly processed
· Assist the accountant officer with improvements in the areas of accounting policies and regulations.
Skills and Qualifications
Education:
Bachelor’s degree in finance, economics, accounting, or business administration and/or equivalent experience.
Experience:
At least 2 years of practical experience in the fields of Banking operations, investment, and/or treasury operations. Strong demonstrated ability to manage objectives effectively.
Language:
Operationally fluent in both Somali and English, in both speaking and writing.
Functional and Organizational Skills
· Possess a demonstrated understanding of the accounting and operations of bank.
· Possess in-depth knowledge of applicable laws and regulations as they relate to Accounting and Financial Policies.
· 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.
· Assess problem situations, identify possible solutions, and make recommendations and/or resolve the problem to the head in eliminations of inefficiencies and gap at the division or the department at large.
· Must be accountable, responsible and risk averse.
Computer Skills
• Documented experience with relevant accounting applications and familiarity with PC software applications.
Other Requirements
• Work experience as an Accountant
• Strong attention to detail and good analytical skills
• 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:
• errors in accounting books
• due diligence callouses
• Transaction errors processed negligently
• Operation losses
• Audit and risk assessment ratings
• Overall Operations unit departmental and individual staff performance rating
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 17th October 2024, 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.
