Job Title: Accounts Payable Officer
Organisation: Cairo Bank Uganda
Duty Station: Kampala, Uganda
About the Company:
Cairo Bank Uganda was incorporated on 11th July, 1994. The Bank was formerly known as Cairo International Bank owned by the three leading Egyptian Banks namely; Banque Du Caire, Bank Misr and National Bank of Egypt. In 2019, it became a fully owned subsidiary of Banque Du Caire (BDC). The shareholder consolidation in 2019 was on the back of expanding its presence across Africa whilst providing an entry point into the COMESA market.
Job Summary: The job is responsible for processing accurate and timely payment transactions, maintaining an updated fixed asset register, up-to-date IFRS 16 Schedule and ensuring proper cost allocation and compliance with tax and operational policies. The role also supports financial integrity through reconciliations, accruals, and adherence to delegated authority limits and International Financial Reporting Standards.
Key Duties and Responsibilities:
- Proper validation of all payment vouchers;
- Maintain a daily, weekly and monthly detailed Vendors’ Tracker
- Ensuring that all expenses are supported by original invoices, receipts, and delivery notes;
- Tracking and accurate recording of staff claims and ensuring they are accounted for within agreed timelines
- All payments to be made in line with the approved Delegated Authority.
- All payments are to be made to the vendor as per the name that appears on the invoice.
- Maintenance of IFRS 16 schedules for all bank-leased assets. Ensure up-to-date IFRS 16 schedules with accurate lease period, rate and perform monthly reconciliations
- Ensure compliance with all the requirements of procurement policy and any other operating Instructions regarding the payments process;
- To identify and report all exceptions to noncompliance with standard controls relating to established procedures and operational risk framework.
- Prepare monthly, weekly and daily reconciliation of General Ledger accounts as per the reconciliation matrix.
- To ensure the bank’s Fixed Assets are capitalised in compliance with the Cairo Bank Accounting Policies.
- Reconciliation of Excise duty, withholding tax and VAT control accounts, and ensure all the collected taxes are remitted to the tax authorities. Provide a weekly report to FC and CFO summarising payments to assist in monitoring operating expenditures.
- 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
- Tagging of new fixed assets and tracking fixed asset movements between functions and branches
- Any other matters as assigned.
Qualifications, Skills and Experience:
- University degree preferably in Business or Accounting coupled with full professional accounting qualifications e,g, CPA, ACCA or CIMA, plus 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 the 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 application
- Superior judgment is required 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 [email protected]
Deadline: 27th May, 2025
For more of the latest jobs, please visit https://www.theugandanjobline.com or find us on our facebook page https://www.facebook.com/UgandanJobline