Officer, Accounts Management

Job Purpose

The Banking Services Back Office Division provides effective and efficient banking services to commercial banks, the National & County Governments, and other public entities. It ensures effective fiscal operations and supports monetary policy implementation. The role of this job is to support this function by managing the accounts for National & County Governments and Financial institutions by opening and operationalizing these accounts.

Key Duties and Responsibilities

Strategic Responsibilities

• Contribute as appropriate to the performance of the function and the overall achievement of the Bank’s strategic objectives.

Technical and Operational Responsibilities

• Input or provide first level approval for creation of customers in banking system.
• Input or provide first level approval for Opening, amending, and Closing accounts managed by Banking Division.
• Respond to all account queries from customers.
• Input or provide first level approval for Exchequer releases from National Treasury for funding National and County Governments
• Input or provide first level approval for County Governments County Revenue Fund (CRF) funds transfers instructions.
• Input or provide first level approval in banking system to execute the Kenya Revenue Authority (KRA) agency notices.
• Input or provide first level approval in banking system in processing of Funds Transfers Instructions from KRA, County Governments and Government entities.
• Amend or approve details in banking system to update the standing order instructions.
• Prepare or review and dispatch daily Standing Orders reports to National Treasury
• Prepare and dispatch daily Standing Orders reports to National Treasury
• Monitor daily KRA & Government Accounts
• Check and confirm correctness of Management Reports on KRA and Government Operations (M2 & Desk Memo)
• Amend the Interest rate on Government Overdraft upon CBR rate changes by MPC.
• Amend the applicable Government Overdraft limit.
• Prepare the Daily Government Overdraft Utilization and accrued interest report.
• Monitor charging of monthly accrued interest on Government Overdraft facility
• Prepare Certificate of Balances for KRA and Government Accounts
• Follow up of confirmation of balances to external auditors.
• File all transactions documents.
• Resolve queries and complaints from customers and make decisions in marginal risk situations.
• Provide input into the systems requirements during implementation of systems affecting Banking functions.
• Participate as inputter or approver 1 in the testing of systems that affect Banking functions.
• Support CBK Branches on accounts management activities.
• Comply with operational, security and control policies/ procedures, preventing fraud and loss to the Bank.
• Audit cashiers’ tills at the close of business.
• Implement audit recommendations.
• Assist in preparation of the Banking Strategic Plan
• Assist in preparation of yearly budget for Accounts Management Section
• Provide information for input into the Training Plan
• Maintain working relationships with appropriate external parties including Government departments, County Governments, commercial banks, and other financial institutions.
• Comply with the Bank policies, procedures, guidelines, and internal controls.
• Perform any other task as may be assigned from time to time.

Qualifications

• Bachelor’s degree in economics, Banking, Accounting, Finance, Business Administration, Mathematics, Computer Science, or related field of study.
• Professional qualification in Banking, Accounting, Finance, Risk Management, or related field of study is an added advantage

Work Experience

• At least two (2) years’ work experience in Banking Operations, Financial Services, Economics, Accounting, or similar operations.