Finance Officer (Savings)

Overview

Manage and supervise financial operations for member savings accounts.

You have:

• Advanced university degree (Masters or equivalent degree) in Finance, Accounting or Management with specialization in financial management.
• Minimum 4 years of relevant professional experience in the area of banking, and/or in the treasury of an international organization or a large company, preferably 2 years international experience.
• In-depth knowledge of the practical rules and regulations of financial market operations with regard to financial products and operation of financial and trading information platforms such as Bloomberg, Reuters, etc.
• Demonstrated organizational and coordination skills with ability to manage heavy workload and work under pressure.
• Ability to manage efficiently and effectively work in a multi-cultural environment and maintain effective working relationships.
• Excellent knowledge of English or French and good working knowledge of the other language.
• Experience in managing daily cash flow management, international payment formats and bank payment platforms.
• Strong analytical and problem solving skills, with ability to identify problems and propose solutions.
• Very good IT skills including knowledge of standard desktop software such as Office, with a very good level in spreadsheets.
• Excellent interpersonal skills including ability to deal effectively with staff and clients, to identify clients needs and suggest appropriate solutions.

Contract

This is a P-3 contract. This kind of contract is known as Professional and Director staff. It is normally internationally recruited only. It's a staff contract. It usually requires 5 years of experience, depending on education.

Salary

The salary for this job should be between 116,975 USD and 153,170 USD.

Please keep in mind that the salary displayed here is an estimation by UN Talent based on the location and the type of contract. It may vary depending on the organization. The recruiter should be able to inform you about the exact salary range. In case the job description contains another salary information, please refer to this one.

Long Description ---------------- **OVERVIEW** ------------ Post Number : BFM 978 Grade : P-3 Parent Sector : Bureau Of Financial Management (BFM) Duty Station: Paris Job Family: Finances Type of contract : Fixed Term Duration of contract : 2 years Recruitment open to : Internal and external candidates Application Deadline (Midnight Paris Time) : 27-FEB-2022 UNESCO Core Values: Commitment to the Organization, Integrity, Respect for Diversity, Professionalism **OVERVIEW OF THE FUNCTIONS OF THE POST** ----------------------------------------- The UNESCO Staff and Savings and Loan Service (USLS) is an integral part of UNESCO which operates in accordance with the financial rules of the Organization under the authority of the Director General. The main activities of the Savings Unit is to perform duties relating to management of the members’ savings accounts and related transactions. The incumbent’s main duties are to supervise the Savings Unit and perform investments, cash management and all payments. Under the overall authority of the Chief Financial Officer and the direct supervision of the General Manager, in compliance with the guidelines and decisions of the USLS Board of Management, the incumbent will be in charge of the following main tasks: Long Description ---------------- - Be responsible for the daily monitoring of financial markets, macroeconomics development and interest rate evolution in both USD and Euro zones. Monitor the performance and report Risks (market, liquidity, credit risk) in internal and externally managed investment portfolios, update/review related performance and compliance reports and prepare regular financial markets briefings and investment related reports for management. - Manage and upon approval of the General Manager, execute the investments of the Internal Portfolios and swaps in compliance with the UNESCO Investment Policy and approved strategic asset allocation. Execute daily FX transactions related to members’ instructions. - Monitor the evolution of bank account balances and ensure their replenishment according to the cash requirement forecasts for members’ savings and loans transactions and liquidation of deceased members’ accounts. Update statistics and cash forecast projections to reflect trends in members’ transactions and investments. Adjust investment positions to minimize bank accounts balances while ensuring sufficient liquidity. - Be the focal point for the implementation/update of the Treasury Management system with USLS transactions and related reporting. Update/develop the financial reports, including those used for some USLS Notes to financial statements and conduct business analysis as needed. Long Description ---------------- - Actively participate in the selection/implementation of a new IT system. Be the focal point for the related consultants, the project team and other key partners in compliance with instructions of the General Manager. - In agreement with the General Manager, advise relevant Committees on USLS Asset Allocation and prepare draft related reports and documents to be submitted to the Investment Committee for requested changes to the investment policy. Participate actively in any selection process of financial service providers. Be a force of proposition for investments. - Ensure oversight of the members’ bank accounts database in compliance with the related procedure: approval/cancellation of members' accounts based on relevant documents; monitor, validate payments on the banking platform. Ensure compliance of payments with banking international standards, and solve payments issues. - Supervise the activities of the Savings Unit, liaise with members when necessary and ensure organization of important Unit’s activities: dormant account review, reaching out to new members, punctual surveys/questionnaires, carry out administrative team-management tasks within the required deadlines (performance reports/training requests etc.). - Contribute to all development projects linked to the Savings Unit’s activities and investments. Long Description ---------------- - Take responsibility for compliance with/improvement of the Unit’s internal control processes and update procedures as necessary. Make regular review of the risk assessment of the Unit activities and propose mitigation measures as needed. - Represent the USLS by delegation in performing various financial and administrative tasks, and act as Secretary at meetings of the USLS Board of Management and General Assembly. Draft regular information notes related to financial markets and Unit activities to be published on USLS web platforms. - Participate actively in the organization and monitoring of General Assembly procedures and in briefings organized for the USLS Committees and in various working groups occasionally established by the USLS Board of Management. **COMPETENCIES (Core / Managerial)** ------------------------------------ Communication (C) Accountability (C) Innovation (C) Knowledge sharing and continuous improvement (C) Planning and organizing (C) Results focus (C) Teamwork (C) Professionalism (C) **-** ----- For detailed information, please consult the [UNESCO Competency Framework](https://en.unesco.org/sites/default/files/competency_framework_e.pdf). **REQUIRED QUALIFICATIONS** --------------------------- ***Education*** - Advanced university degree (Masters or equivalent degree) in Finance, Accounting or Management with specialization in financial management. ***Work Experience*** - Minimum 4 years of relevant professional experience in the area of banking, and/or in the treasury of an international organization or a large company, with verifiable front-office trading experience on making monetary and bond investments, of which preferably 2 years of acquired at international level. - Experience in managing daily cash flow management, international payment formats and bank payment platforms. ***Skills and Competencies*** - In-depth knowledge of the practical rules and regulations of financial market operations with regard to financial products (such as listing, yield and risk conventions and major interest rate market indexes) and of the operation of financial and trading information platforms such as Bloomberg, Reuters, etc. - Demonstrated organizational and coordination skills with ability to take initiative, establish plans and priorities and implement them effectively in the monitoring of the Savings Unit activities. - Ability to manage heavy workload, to work under pressure and to meet tight deadlines, paying close attention to details and quality of work. - Strong analytical and problem solving skills, with ability to identify problems and weaknesses in processes and to propose solutions and/or improvements. - Ability to comply with rules, regulations and administrative guidelines governing savings accounts functioning and the investment policy to implement them effectively. - Ability to manage efficiently and work in a team and to maintain effective working relationships in multi-cultural environment. - Excellent written and oral communication skills. - Excellent interpersonal skills including ability to deal effectively with the Unit staff and clients, to identify clients needs and suggest appropriate solutions. - Solid numerical capabilities with ability to calculate figures, amounts, interest rate yields, durations, currency conversions and to work simultaneously with several currencies. - Very good IT skills including knowledge of standard desktop software such as the pack Office, with a very good level in spreadsheets; capacity to update information in web sites. ***Languages*** - Excellent knowledge of English or French and good working knowledge of the other language. **DESIRABLE QUALIFICATIONS** ---------------------------- ***Work Experience*** - Experience in an international organization/institution or within the United Nations system. - Experience in managing teams. ***Skills and Competencies*** - Knowledge of UNESCO’s policy and practices in particular UNESCO Staff Savings and Loan Service, including USLS/SEPU rules and regulations and general conditions for granting loans. - A good knowledge of the IPSAS accounting standards or IAS/IFRS standards. ***Languages*** - Good knowledge of other UNESCO Official languages (Arabic, Chinese, Russian and/or Spanish). **BENEFITS AND ENTITLEMENTS** ----------------------------- UNESCO’s salaries consist of a basic salary and other benefits which may include if applicable: 30 days annual leave, family allowance, medical insurance, pension plan etc. For full information on benefits and entitlements, please consult our [Guide to Staff Benefits.](https://en.unesco.org/sites/default/files/unesco-staff-compensation-booklet_en.pdf) **SELECTION AND RECRUITMENT PROCESS** ------------------------------------- Please note that all candidates must complete an on-line application and provide complete and accurate information. To apply, please visit the [ UNESCO careers website.](https://careers.unesco.org/careersection/2/joblist.ftl) No modifications can be made to the application submitted. The evaluation of candidates is based on the criteria in the vacancy notice, and may include tests and/or assessments, as well as a competency-based interview. UNESCO uses communication technologies such as video or teleconference, e-mail correspondence, etc. for the assessment and evaluation of candidates. Please note that only selected candidates will be further contacted and candidates in the final selection step will be subject to reference checks based on the information provided. **Footer** ---------- *UNESCO recalls that paramount consideration in the appointment of staff members shall be the necessity of securing the highest standards of efficiency, technical competence and integrity. UNESCO applies a zero-tolerance policy against all forms of harassment. UNESCO is committed to achieving and sustaining equitable and diverse geographical distribution, as well as gender parity among its staff members in all categories and at all grades. Furthermore, UNESCO is committed to achieving workforce diversity in terms of gender, nationality and culture. Candidates from non- and under-represented Member States are particularly welcome and strongly encouraged to apply. Individuals from minority groups and indigenous groups and persons with disabilities are equally encouraged to apply. All applications will be treated with the highest level of confidentiality. Worldwide mobility is required for staff members appointed to international posts.* *UNESCO does not charge a fee at any stage of the recruitment process.*

Potential interview questions