Finance Associate



Advertised on behalf of :

Location : Regional Office for the Americas and the Caribbean, PANAMA
Application Deadline :30-Sep-22 (Midnight New York, USA)
Additional Category :Gender Equality
Type of Contract :Service Contract
Post Level :SB-3
Languages Required :
English   Spanish  

UNDP is committed to achieving workforce diversity in terms of gender, nationality and culture. Individuals from minority groups, indigenous groups and persons with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence.

UNDP does not tolerate sexual exploitation and abuse, any kind of harassment, including sexual harassment, and discrimination. All selected candidates will, therefore, undergo rigorous reference and background checks.


Background

UN Women, grounded in the vision of equality enshrined in the Charter of the United Nations, works for the elimination of discrimination against women and girls; the empowerment of women; and the achievement of equality between women and men as partners and beneficiaries of development, human rights, humanitarian action and peace and security.

Under the overall guidance of the Deputy Director of Financial Management in Headquarters (HQ) and the daily supervision of the Regional Office Finance Specialist, the Finance Associate is responsible for the execution of a wide range of financial services and administrative processes in the Regional Office (RO), ensuring timeliness, efficiency and transparent use of financial resources and delivery of services in accordance with organizational financial rules, regulations, policies, procedures and approved allocations. The Finance Associate promotes a client-oriented approach consistent with UN Women rules and regulations, standard practices and guidelines.

The Finance Associate works in close collaboration with the Operations Team in the Regional Office as well as with the Operations and Programme teams in UN Women HQ for solving complex finance-related issues and information delivery.


Duties and Responsibilities

1. Implement financial strategies, and adapt processes and procedures in full compliance of UN Women rules, regulations, policies, and recording and reporting systems

  • Perform duties in full compliance with UN Women financial regulations and rules, policies and standard operating procedures, including internal controls.
  • Keep abreast of and ensure full compliance with amendments to International Public Sector Accounting Standards (IPSAS).
  • Review and verify financial transactions, activities, and documentation; taking corrective actions as needed and reporting any unusual activities.
  • Monitor financial exceptions reports for unusual activities or transaction, investigate anomalies and report to the supervisor conclusions and/or present recommendations for actions/decisions.
  • Collect, verify and present information and data for use in the planning of financial resources and the formulation of the Regional Office (RO) programme work plans, budgets, proposals on implementation arrangements and execution modalities.
  • Provide advice and recommend solutions to a wide range of financial issues.
  • Monitor the proper functioning of the financial resources management system for office and programmatic budgets and resources;
  • Implement and monitor cost saving and reduction strategies.
  • Review with Budget owners and Project Managers, in line with Month-end Closure Checklist, the Project Delivery Status Reports and investigate any overspend.
  • Respond to instructions from the Finance Specialist in relation to financial transactions.  Undertake timely corrective actions as requested to resolve financial data issues or provide information.
  • Participate as a member of the Regional office team in the internal and external audits of the Regional Office or Country Offices in the region.
  • Follow-up on audit recommendations to monitor implementation of corrective actions.
  • Actively promote a client-oriented finance service to Regional office and Country offices.

2. Prepare and administer the RO budgets in full compliance of UN Women rules, regulations, policies, and recording and reporting systems

  • Formulate the budget, control allotments, monitor expenditures, and prepare revisions according to the needs of the RO.
  • Track the appropriate and timely use of financial resources.
  • Prepare cost recovery documents or bills for the services provided by UN Women to other programmes or organizations.
  • Create projects in Atlas, prepare budget revisions, revise project awards and status; and determine unutilized funds.
  • Ensure the maintenance of the control mechanism for development projects through monitoring budgets preparation and modifications and budgetary status.
  • Maintain internal expenditure control system.
  • Undertake corrective actions on un-posted vouchers, including vouchers with budget check errors, match exceptions and unapproved vouchers. Frequently review and investigate payment vouchers which are in error; and respond to RO requests to resolve financial data issues.
  • Prepare VAT reimbursements with adequate documentation support, as necessary.
  • Input data in Atlas and monitor status. Keep stakeholders and clients informed for timely action and/or decisions.
  • Manage petty cash fund.
  • Assist Project Managers with budget re-phrasal as required.

3. Provide finance support to the Programme and Operations teams

  • Review accounts receivables for UN Women projects and follow-up with project managers and finance section at regional office and/or headquarters on contributions, deposits creation in Atlas and their application to AR pending items.
  • Prepare PO and non-PO vouchers for development projects.
  • Prepare General Ledger journal entries (GLJEs) from proper supporting documents authorized by the budget owners and project managers.
  • Review transactions in Atlas, ensure payroll, travel claims, MPOs, and other entitlements are processed.
  • Monitor the setup of budgets in ATLAS to ensure they are in accordance with budgets agreed with donors and are input into ATLAS at the detailed Activity ID level.
  • Monitor each month over-expenditure of budgets and follow up with Budget Owner.
  • Monitor regularly transactions posted to projects ensuring actual expenditure has been recorded against correct budget category and activity, take timely corrective actions as required.
  • Maintain proper follow up of advances to implementing partners, review their financial reports together with project managers.
  • Monitor the financial status and under the guidance of the RO Finance Specialist implement control mechanisms for management/development projects.
  • Monitor and proper follow up of all the financial items in Month-end and Year-end closure instructions status and under the guidance of the Operations Manager, take correction actions as required.
  • Keep stakeholders and clients informed for timely actions/decisions and review status reports for quality control.
  • Provide information inputs to financial reports for Regional Office, HQ Finance and stakeholders.
  • Finalize mandated financial reports to donors and other clients and stakeholders.
  • Associate revenue and expenditure in commitment control for non-core projects.
  • Provide inputs and take necessary actions to facilitate timely financial project closure.
  • Support financial donor reporting by providing timely information and taking necessary actions as required by UN Women Virtual Global Service Centre for financial donor reporting.
  • Assist with preparation for Audit of Projects and Partners by third party audit firm.  Follow-up and/or take action on audit recommendations to ensure implementation of corrective actions. Assist in reviewing the audit reports on NGO executed projects.

4. Facilitate knowledge building and knowledge sharing

  • Assist conducting training and/or helping organize training events and activities.
  • Collect and compile lessons learned and best practices in financial management and services. Disseminate to clients and stakeholders as appropriate to build capacity and knowledge.
  • Contribute to financial business operational practices and management innovations.
  • Supervise and guide staff and personnel under responsibility, as applicable, provide technical guidance and monitor performance to ensure delivery of results according to plans and standards of accountability and performance.
  • Undertake all trainings in relation to financial management provided, including webinars from headquarters. 


Competencies

Key Performance Indicators

  • Timely, complete and accurate financial transactions/activities/documentation.
  • Timely and accurate advice on UN Women financial rules and regulations.
  • Timely and regular monitoring of financial resources management system and timely expenditure of financial resources.
  • Timely and accurate support to budget formulation and controlling allotments.
  • Timely and accurate monitoring of internal expenditures control systems.
  • Timely and quality financial support to programmes and programme team.

Core Values:

  • Respect for Diversity.
  • Integrity.
  • Professionalism.

Core Competencies:

  • Awareness and Sensitivity Regarding Gender Issues.
  • Accountability.
  • Creative Problem Solving.
  • Effective Communication.
  • Inclusive Collaboration.
  • Stakeholder Engagement.
  • Leading by Example.

Functional Competencies

  • Excellent knowledge of financial rules and regulations and accounting principles.
  • Excellent knowledge and application skills of IT tools and understanding of management systems.
  • Excellent knowledge of spreadsheet and database packages, and creating visual reports using BI tools.
  • Ability to provide input to business processes re-engineering, implementation of new systems.
  • Ability to administer and execute financial and accounting processes and transactions.


Required Skills and Experience

Education and certification:

  • Completion of secondary education is required.
  • Specialized national or international certification in accounting and finance is an asset
  • Bachelor's degree in Finance or Accounting is an asset
  • Successful completion of UN Women Accounting and Finance Test is required.

Experience:

  • At least 6 years of progressively responsible experience in finance.
  • Experience in the usage of computers and office software packages (MS Word, Excel, etc) and spreadsheet and database packages, experience in handling of web based management systems.
  • Knowledge of Power Bi or another data visualization tool is an asset.
  • Experience in the use of PeopleSoft ATLAS or Oracle is an asset.

Language Requirements:

  • Fluency in English and Spanish is required.
  • Knowledge of French is an asset.

HOW TO APPLY:

Application:

All applications must include (as an attachment) the completed UN Women Personal History form (P-11) which can be downloaded from: https://www.unwomen.org/sites/default/files/Headquarters/Attachments/Sections/About%20Us/Employment/UN-Women-P11-Personal-History-Form.doc. Kindly note that the system will only allow one attachment, hence, combine all your documents into one (1) single PDF document. Applications without the completed UN Women P-11 form will be treated as incomplete and will not be considered for further assessment.

Only short-listed qualified candidates will be contacted.

If you are experiencing difficulties with online job applications, please contact jobs.help@undp.org.

Note:

In July 2010, the United Nations General Assembly created UN Women, the United Nations Entity for Gender Equality and the Empowerment of Women. The creation of UN Women came about as part of the UN reform agenda, bringing together resources and mandates for greater impact. It merges and builds on the important work of four previously distinct parts of the UN system (DAW, OSAGI, INSTRAW and UNIFEM), which focused exclusively on gender equality and women's empowerment.

Diversity and inclusion:

At UN Women, we are committed to creating a diverse and inclusive environment of mutual respect. UN Women recruits, employs, trains, compensates, and promotes regardless of race, religion, color, sex, gender identity, sexual orientation, age, ability, national origin, or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, competence, integrity and organizational need.

If you need any reasonable accommodation to support your participation in the recruitment and selection process, please include this information in your application.

UN Women has a zero-tolerance policy on conduct that is incompatible with the aims and objectives of the United Nations and UN Women, including sexual exploitation and abuse, sexual harassment, abuse of authority and discrimination. All selected candidates will be expected to adhere to UN Women’s policies and procedures and the standards of conduct expected of UN Women personnel and will therefore undergo rigorous reference and background checks. (Background checks will include the verification of academic credential(s) and employment history. Selected candidates may be required to provide additional information to conduct a background check.)



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