Section Head - Currency Centre

About the role

KCB Bank Tanzania is looking for a Section Head for its Currency Centre. The role oversees and manages the bank's cash positions so that no losses occur due to cash shortages. It acts as the principle custodian of the central monetary unit (CMU) cash safe and strong room.

Key responsibilities

• Keep records of deliveries and repatriations, file central currency unit records and lodge cash in the strong room when needed.
• Respond to all correspondence concerning the central currency unit and collect and take cash to and from the Bank of Tanzania (BOT).
• Monitor cash holding limits for the unit and branches, and handle CIT bookings for branch collections and deliveries.
• Receive foreign currency from branches, verify it and redistribute it to Nairobi and branches; receive local currency from branches and Nairobi, verify it and deposit it to BOT.
• Daily tasks include recording cash on local and foreign currency registers, sorting notes into fit and unfit per BOT guidelines, posting vouchers for deliveries and repatriations, raising vouchers for shortages and excesses, and doing daily reconciliation in cash and CIT accounts.
• Other duties as assigned by the supervisor.

Required profile

• Bachelor's degree in accounting, business, economics or a related field.
• 3 years of experience in cash management and 1 year in back-office operations.
• Professional qualification such as CPB, CPA, ACCA or AA.