Finance Intern (Financial Business Advisory)


Location : New York, UNITED STATES OF AMERICA
Application Deadline :15-Apr-19 (Midnight New York, USA)
Type of Contract :Internship
Post Level :Intern
Languages Required :
English  
Starting Date :
(date when the selected candidate is expected to start)
03-Jun-2019
Duration of Initial Contract :8 to 12 weeks
Expected Duration of Assignment :8 to 12 weeks

Background

The Office of Financial Resources Management (OFRM), Bureau for Management Services (BMS), is a dynamic and results driven office of the United Nations Development Programme (UNDP). OFRM contributes to the global development agenda of UNDP by being a strong partner with other part of UNDP, promoting clear and strong financial reporting and analysis to ensure accountability and compliance with UNDP's financial and administrative regulatory framework.

OFRM is responsible for the global financial operations of UNDP. The organization receives income, from variety of sources of funds, in excess of US$ 5 billion per annum. OFRM's activities involve financial management and funding operations of office located in 166 countries which include financial analysis, reporting, and financial risk management.  The Finance Intern shall report to a Senior Manager within the Financial Business Partnering team.


Duties and Responsibilities

The intern shall perform the following duties:
Support to Advisory Services

  • Assist the Finance Business Partner team to provide support to Country offices, Regional Bureau Bureaus HQs, Regional Centres and Corporate HQ units: 
  • On financial resource management with emphasis on risk and material areas, e.g.cost-sharing and cost-sharing deficits, trust fund budgets and trust fund deficits,…
  • Provides support to Country offices, Regional Bureau Bureaus HQs, Regional Centres and Corporate HQ units prior to periodic closing on recording, reconciliation/certification and quality of data to promote timeliness and accuracy of data input, helping Bureaux to exercise their oversight.
  • Support in enhancing the FBA sharepoint to more user friendly reference points to the clients

Resource monitoring and oversight (Ensures monitoring and oversight of resource management)

  • Monitors resource utilization against approved workplan/initiatives to confirm alignment with organizational priorities.
  • Monitors and provides feedback to clients on data quality, dashboards indicator, compliance and exceptions. 
  • Monitor and support Bureaux to help improve their and their country offices in the financial closure of Development projects and Trust funds.
  • Assist in building up automated monitoring tools such as dashboards, budget monitoring, balance sheet certification/validation systems  

Provides financial analysis to Rbx/COs/HQ units.

  • Analyzes complex General Ledger (GL) information for various purposes and advises Rbx/COs/HQ units accordingly.
  • Carries out the age analysis of the assets and liabilities and supports the Bureaux in the oversight of reconciliations and information requirements. 
  • Interprets, when risks or amounts are material, CDRs and other ATLAS performance reports for clients.
  • Assist in building up financial review decks  

Performs other duties as instructed by the Manager.


Competencies

Corporate Competencies

  • Demonstrate integrity by adhering to UN values and ethical standards;
  • Ability to work well in a team;
  • Demonstrate professional competence and mastery of subject matter;
  • Displays cultural, gender, religion, nationality and adaptability;
  • Operate in compliance with organizational regulations and rules.

Functional Competencies

  • Excellent quantitative and analytical skills;
  • Excellent knowledge on preparing process charts
  • Excellent Microsoft Excel, word and Powerpoint knowledge;
  • Excellent critical reasoning and problem solving skills;
  • Excellent writing skills in English.

Knowledge Management and Learning

  • Development and Operational Effectiveness;
  • Ability to lead implementation of new systems (business side), and affect staff behavioral/ attitudinal change;
  • Demonstrates strong oral and written communication skills;
  • Builds strong relationships with clients and external actors;
  • Remains calm, in control and good humored even under pressure;

Demonstrates openness to change and ability to manage complexities


Required Skills and Experience

Education:

  • Candidacy for an advanced degree in Finance, Business Administration or any other related discipline.  The intern must be currently enrolled in an advanced university degree (Master’s degree).

Experience:

  • Entry level knowledge in financial data extraction and analysis;
  • Strong MS Office package skills.

Language Requirements:

  • Fluency in English;
  • Working knowledge of another UN language is an advantage.

Conditions of the Internship:

  • Interns are considered gratis personnel. They are not staff members;
  • Interns are not financially remunerated by UNDP. The costs associated must be borne by the nominating institution, related institution or government, which may provide the required financial assistance to its students; or by the student, who will have to obtain financing for subsistence and make his or her own arrangements for travel, accommodation, visa, etc.;
  • Internship duration can be extended up to six months.

Candidates who are selected must submit the following documents: 

  • Official letter from the University confirming enrollment in a graduate-level degree programme;
  • Copy of school transcript; 
  • Letter of endorsement from a faculty member who has worked with the student in the recent past and who is knowledgeable on the student’s performance;
  • Complete and sign the UNDP Application Form for Internships (MS Word | PDF). www.undp.org/internships

Copy of the proof of medical and life/accident insurance valid for the location in which the internship will be carried out (i.e. New York, USA).


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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.


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