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Finance Associate (Egyptians Nationals and Residents Only).
|Advertised on behalf of :|
|Location :||Cairo, EGYPT|
|Application Deadline :||12-Aug-20 (Midnight New York, USA)|
|Additional Category :||Gender Equality|
|Type of Contract :||Service Contract|
|Post Level :||SB-3|
|Languages Required :||Arabic English|
|Starting Date :|
(date when the selected candidate is expected to start)
|Duration of Initial Contract :||oneyear|
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. Placing women’s rights at the center of all its efforts, UN Women leads and coordinates the United Nations system efforts to ensure that commitments on gender equality and gender mainstreaming translate into action throughout the world. It provides strong and coherent leadership in support of Member States’ priorities and efforts and builds effective partnerships with civil society and other relevant actors.
UN Women Egypt Strategic Plan (2018-2022) focuses on promoting gender equality and women’s empowerment in line with the 2014 Egyptian Constitution and relevant international norms and standards. Egypt’s 2018-2022 UN Partnership Development Framework (UNPDF) considers that ‘dealing with issues of women’s social and economic empowerment must be at the forefront of the UN’s support in the economic and social arenas. The Egyptian National Women’s Strategy (NWS) 2030 focuses on four pillars: (a) women’s leadership and political participation; (b) women’s economic empowerment; (c) women’s social empowerment and (d) protection of women. ‘Changing prevailing cultural norms’ and ‘legislative change’ are included as cross-cutting enablers.
Financial inclusion has been identified as a valuable tool in fostering women’s economic empowerment, increasing their capacity to face risk and unexpected expenses and participate in sustainable economic growth. Financial inclusion relates to people (especially low income), households’ and MSMEs’ access to a full range of useful and affordable quality financial products and services that meet their needs – such as accounts, savings, payments and transfers, credit, and insurance and others - in a responsible and sustainable manner, within a legal and regulatory environment conducive to their development, by a range of formal service providers.
Financial inclusion is specifically important for women and girls in the sense that it can increase their empowerment and improve gender equality in a number of ways. Firstly, by having access to resources and tools, women’s bargaining power within households will increase and in turn upsurge their influence and ability of decision making. Secondly, financial inclusion can support women to sustain their own income, control assets outside the household, and have contributed to productive activities. Thirdly, financial inclusion can reduce women’s vulnerability and dependency on male family members by having access to financial opportunities to smooth consumption or meet unexpected expenses. Furthermore, women who are financially excluded lack access to basic financial services, which in turn has an impact on their access to household expenditures (for food, health, education, etc.) and expenditures for business.
The current environment in Egypt holds huge potential for women’s financial inclusion. Egypt’s National Women’s Empowerment Strategy 2030 and its accompanying pillar on Women’s Economic Empowerment list women’s access to economic resources through increased access to financial services as an important objective. The CBE co-hosted the 9th Global Policy Forum of the Alliance for Financial Inclusion (AFI), held in September 2017. In his opening speech, President H.E. Abdel Fattah El Sisi emphasized the high-level political commitment for financial inclusion in the country, especially for women. Financial inclusion has moved to the top of the development policy agenda and gained a great deal of traction. In September 2017, the Central Bank of Egypt and the National Council for Women signed a Memorandum of Understanding to work together to foster women’s financial inclusion in Egypt, with SGs expansion as one of the key objectives of the MOU. These developments pave the way for programs to create financial inclusion of all in Egypt, especially rural women.
Although Egypt has made a huge leap in financial inclusion, most Egyptian women, especially rural women, do not use formal financial services and the majority of adults in the poorest communities do not deal with banks. Overall, Egypt has made massive strides to almost double the number of people with accounts in formal institutions, but the overall penetration is still relatively low (32.8%). Rural accounts outreach is lower (29% against 33% nationally). While the rate of formal account penetration among women has more than tripled between 2011 and 2017 (from 7% to 27%), it is still less than the rate among men (39% in 2017), and the gender gap has kept increasing (from 6 percentage points in 2011 to 12 in 2017).
Women who are financially excluded lack access to basic financial services, which in turn has an impact on their access to household expenditures (for food, health, education, etc.) and expenditures for business. Many, therefore, depend on informal sources of finance, generally at unfairly high-interest rates. It is in this context that financial inclusion initiatives aimed at women and managed by women assume greater importance.
Under the supervision of the Operations Manager, and in collaboration with the Financial and Economic Inclusion programme team, the Finance Associate is responsible for the execution of a wide range of financial services and administrative processes for the Financial and Economic Inclusion programme, 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 Programme and Operations Team 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
Implement financial strategies, in full compliance of UN Women rules, regulations, policies, and recording and reporting systems
Prepare and administer the financial & economic inclusion Programme budgets in full compliance of UN Women rules, regulations, policies, and recording and reporting systems
Provide finance support to the Programme and Operations team
Provide administrative support to Resource Mobilization
Facilitate knowledge building and knowledge sharing
Please visit this link for more information on UN Women’s Core Values and Competencies: https://www.unwomen.org/-/media/headquarters/attachments/sections/about%20us/employment/un-women-values-and-competencies-framework-en.pdf?la=en&vs=637
Required Skills and Experience
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.