Accounts Payable Officer
Kampala * Full-time
Cairo Bank
KEY DUTIES AND RESPONSIBILITIES
• Properly validate all payment vouchers.
• Maintain a daily, weekly, and monthly detailed Vendors’ Tracker.
• Ensure that all expenses are supported by original invoices, receipts, and delivery notes.
• Track and accurately record staff claims, ensuring they are accounted for within agreed timelines.
• Ensure all payments are made in line with the approved Delegated Authority.
• Ensure all payments are made to the vendor as per the name that appears on the invoice.
• Maintain IFRS 16 schedules for all bank-leased assets, ensuring up-to-date schedules with accurate lease period and rate, and perform monthly reconciliations.
• Ensure compliance with all requirements of the procurement policy and any other operating instructions regarding the payments process.
• Identify and report all exceptions to noncompliance with standard controls relating to established procedures and the operational risk framework.
• Prepare monthly, weekly, and daily reconciliations of General Ledger accounts as per the reconciliation matrix.
• Ensure the bank’s Fixed Assets are capitalized in compliance with Cairo Bank Accounting Policies.
• Reconcile Excise Duty, Withholding Tax, and VAT control accounts, and ensure all collected taxes are remitted to the tax authorities.
• Provide a weekly report to the Financial Controller (FC) and Chief Financial Officer (CFO) summarizing payments to assist in monitoring operating expenditures.
• Ensure safe custody of payment invoices, vouchers, and any other supporting information for audit trail purposes.
• Ensure all payments are journalized and captured in the General Ledger.
• Support the Financial Controller to ensure that depreciation expense is properly calculated and agrees with the Balance Sheet and Trial Balance.
• Tag new fixed assets and track fixed asset movements between functions and branches.
• Perform any other matters as assigned.
QUALIFICATIONS / SKILLS
• University degree, preferably in Business or Accounting, coupled with full professional accounting qualifications, e.g., CPA, ACCA, or CIMA.
• At least 2 years’ experience in processing payments in the financial services industry.
• Experience
• At least 2–3 years of experience in processing payments in the financial services industry.
• Skills and Competencies
• High level of computer literacy and understanding of business computing environments.
• Comprehensive understanding of banking practice and theory in operating systems and internal reporting requirements.
• Strong analytical skills and an eye for detail.
• Interpersonal skills.
• Stakeholder management.
• Negotiation skills.
• Creativity and passion for business development.
• Proactive and decisive.
• Knowledge of advanced Excel applications.
• Superior judgment to assess the impact of payment processing delays on business activities and performance, and the bank’s reputation, including penalties.
HOW TO APPLY
Interested candidates should send their application letters together with their curriculum vitae to the Head Human Resources at recruitment@cbu.co.ug not later than 5pm, Tuesday, 27th May 2025.
Deadline: Expired
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