Payables & Receivables Officer

1- Role

Perform accurate data entry associated with accounts payable using the ERP and the Excel and Making sure that all the payments are complied with the payment policy of the Bank and no expense is processed without appropriate and sufficient supporting documents.

On the other hand, He / She must ensure the Bank’s receives payments for services and records these transactions accordingly.

2- Duties and Responsibilities

• Process expense requests and expense reports on a regular basis
• Accurately review, code, and process vendor invoices including CBS’s payroll and allowances
• Perform monthly or ad-hoc reconciliations and ensure that all the accounts are reconciled before the end of each month.
• Maintain updated excel files on all accounts in his/her responsibility.
• Perform accurate data entry associated with accounts payable using the ERP and the Excel.
• Making sure that all the payments are complied with the payment policy of the Bank and no expense is processed without appropriate and sufficient supporting documents.
• Work with the different departments of Bank for any issues related with payables and receivables.
• Work with the supervision department for any relating issues to the registration and licenses fees of the financial institutions
• Manages the Accounts Receivable function to ensure the accuracy and timely management of all Account Receivables.
• Maintain account receivable files and records for all rented properties of the bank.
• Ensure that all the rent fees are received timely by the bank and contact the entire tenant who does not pay their fees on time.
• Ensure that all the necessary adjustments, accrued and differed income are properly accounted for on a timely manner.
• Make sure that all the receivable payments are in line with agreements and contracts between CBS and tenant.
• Familiarize him/herself with accounting and reporting systems of the bank.
• Taking full and complete responsibilities of the work he/she delegated to.
• Promote and bring ideas on how to improve the payables and receivable processes of the bank.
• Report immediately to the Head of the division for any issues related to system errors or wrong processed data on the ERP.
• Any other duty assigned by the head of the division and the director of the department.

Education:

• Bachelor’s degree in accounting/Finance/Business admiration or any other related field.
• Partial Accounting certification such as CPA or ACCA will be added value.

Experience:

• 3 + years of experience work in busy finance/accounting and audit environment
• Operationally fluent in both Somali and English, in both speaking and writing.

4- Functional and Organizational Skills

Qualified national applicants with required skills are invited to submit their electronic applications and updated resumes through email; [email protected] and copy to [email protected] starting from 6th March 2023, and not later than 20th March 2023 at 12:01-AM Midnight Mogadishu midnight time. Incomplete Applications and those received after deadline will not be considered. Per newly approved human resources policy, Central Bank is equal opportunity employer and female applicants are highly encouraged to apply. Please note Only shortlisted candidates will be contacted.