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Accounts Payable Officer job at Cairo Bank Uganda Limited | Apply Now
Kampala, Uganda
Full Time
Are you looking for Accounting jobs in Uganda 2025 today? then you might be interested in Accounts Payable Officer job at Cairo Bank Uganda Limited
About the Organisation
Cairo Bank Uganda Limited is a prominent financial institution with a mission to provide innovative, customer-centric banking solutions that drive economic growth and financial inclusion in Uganda. Known for its strong reputation for reliability, integrity, and personalized service, the bank has earned recognition as one of the leading players in the Ugandan banking sector. Cairo Bank prides itself on fostering a collaborative and supportive work culture, offering employees opportunities for professional development and growth within an inclusive environment.
The bank's history dates back to its establishment in 1995, and over the years, it has evolved by introducing advanced digital banking services and expanding its branch network to serve a larger customer base. Its business model focuses on offering a wide range of retail and corporate banking services, such as savings accounts, loans, and trade finance, with a strong emphasis on leveraging technology to enhance customer experience.
Cairo Bank Uganda has an extensive presence across the country, catering to individuals, SMEs, and large enterprises. Core values of trust, innovation, integrity, and customer focus are at the heart of the bank's operations, while its corporate social responsibility initiatives include supporting education, health, and community development programs. Cairo Bank Uganda’s website is www.cairobank.co.ug.
Job Title
Accounts Payable Officer job at Cairo Bank Uganda Limited
Cairo Bank Uganda Limited
Job Description
Job Title: Accounts Payable Officer
Organisation: Cairo Bank Uganda
Duty Station: Kampala, Uganda
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.
Duties, Roles 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.
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Qualifications, Education and Competencies
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 recruitment@cbu.co.ug
Deadline: 27th May, 2025
