Cash Officer
Job summary
To manage the receipt, custody, processing, balancing, and disbursement of cash in accordance with approved policies while ensuring cash security and operational efficiency.
Job descriptions & requirements
Responsibilities:
- Coordinate cash receipts and payments within the branch.
- Manage vault cash and teller cash limits in accordance with policy.
- Monitor daily cash positions and cash movement activities.
- Ensure cash balancing and reconciliation at the close of business.
- Verify the authenticity of cash deposits and withdrawals.
- Coordinate cash evacuation and cash supply activities.
- Ensure proper custody of cash and security instruments.
- Monitor ATM cash loading and reconciliation where applicable.
- Investigate and resolve cash discrepancies.
- Ensure compliance with cash management procedures and regulatory requirements.
- Prepare daily, weekly, and monthly cash reports.
Requirements:
- Bachelor's Degree or HND in Banking, Finance, Accounting, Economics, or related field.
- Minimum of 2-4 years of banking operations experience.
- Strong knowledge of cash handling procedures.
- Numerical accuracy
- Cash management expertise
- Fraud detection awareness
- Attention to detail
- Integrity and accountability
- Risk management
Key Performance Indicators:
- Cash balancing accuracy
- Number of cash shortages/overages
- Vault cash compliance
- Operational efficiency
- Regulatory compliance score
- Incident-free cash management
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