Finance Officer (Savings)

Overview

Manage cash management activities and investments for UNESCO's USLS.

You have:

• Advanced university degree (Masters or equivalent degree) in Finance, Accounting or Management with majors in financial management.
• A professional financial qualification is required such as CFA/FRM/CA/CPA/ACCA or equivalent.
• At least 4 years' of experience in a bank and/or corporate treasury department with proven experience in cash management and fixed-income, bond investments (front-office position), cash flow management of which preferably 2 years acquired at international level.
• In-depth knowledge and practical experience of the operating rules of financial markets and classic financial instruments.
• Good knowledge of IPSAS or IFRS accounting standards applicable to financial instruments and basic accounting posting for simple financial transactions.
• Good knowledge of specialized software in cash management (TMS) and classic office software, notably spreadsheets (including functions) and document presentation software.
• Strong analytical and problem-solving skills, solid numerical capabilities with ability to identify problems and weaknesses in process and to propose solutions and/or improvements.
• Demonstrated organizational and coordination skills with ability to take initiative, establish plans, and manage priorities efficiently for the monitoring of the activities.
• Excellent ability to draft clearly and concisely and make oral presentations in English and/or in French.

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 115,333 USD and 151,019 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.

**OVERVIEW** ------------ Post Number : FIN 978 Grade : P-3 Parent Sector : Bureau of Financial Management Duty Station: Paris, France Classification of duty station : Europe & North America Standard Duration of Assignement: 2 years, renewable Job Family: Finances Type of contract : Fixed Term Duration of contract : 2 years, renewable Recruitment open to : Internal and external candidates Application Deadline (Midnight Paris Time) : 02-OCT-2025 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 and has been set as a Fund-in-trust of the Organization. Its mission is to offer staff members savings and loan options in a mutualist spirit. The USLS has approximately 3,600 members who have the possibility to hold a savings account in euros and US dollars. The Savings Section handles the opening/closing of savings accounts and the daily operations of deposits/withdrawals by bank transfers. 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 Board of Management, the incumbent will be responsible for managing cash management activities, investments, continuing the post-implementation monitoring of the new IT system and supervising the Savings Section (3 supervised staffs). Long Description ---------------- The incumbent will be in charge of the following main tasks: 1\. Investment & treasury management - Monitor bank accounts balances and anticipate cash needs in relation to members’ transactions and investments. - Update the cash flow forecasts according to activity trends and exchange rates. - Optimize daily cash flow management and invest the surpluses in monetary and fixed income products (EUR, USD) in accordance with the investment policy and the counterparty and country limits set. - Monitor the performance of internal/external portfolios, propose arbitrage transactions, ensure the update and accuracy of data inputted in the treasury management software. - Participate in the review of investment policy and monitor related risks (interest rate, market, liquidity, credit). - Prepare cash flow projections and adjust investment decisions accordingly. 2\. Supervision of members’ operations - Control and validate withdrawals and foreign exchange operations, contact members for verification if necessary, resolve transactions related issues and payment rejections. - Improve procedures, optimize processes and risk controls. Long Description ---------------- 3\. Supervision of the Savings Unit - Approve the opening of members' accounts, validate payments, ensure compliance of operations with internal regulations and procedures and compliance of payments with banking standards and internal processes. - Manage the risks of the Unit’s activities and operations and implement risk improvement and mitigation measures. - Ensure the daily management of the team 4\. Focal point for the treasury management system - Focal point for information/general briefing on the treasury software for USLS team. - Produce/supervise the creation of personalized reports in the treasury software, monitor the correct settings of the payments and investments in collaboration with the Middle-office of FIN Division, coordinate system changes and updates impacting USLS. - Produce/ supervise the production of specific reports for the Notes to financial statements. 5\. Focal point for the new USLS IT system - Coordinate information to members and the follow-up of potential remaining deliverables and expected corrections during the post-implementation phase of the new system (compile the list of potential anomalies/bugs, their corrections, report definitions & requested improvements, training, etc.). - Supervise the update of the technical documentation and procedures manual. **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) Building partnerships (M) Driving and managing change (M) Leading and empowering others (M) Making quality decisions (M) Managing performance (M) Strategic thinking (M) **-** ----- 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 majors in financial management. - A professional financial qualification is required such as CFA/FRM/CA/CPA/ACCA or equivalent. ***WORK EXPERIENCE:*** - At least 4 years' of experience in a bank and/or corporate treasury department with proven experience in cash management and fixed-income, bond investments (front-office position), cash flow management of which preferably 2 years acquired at international level. Long Description ---------------- ***SKILLS AND COMPETENCIES:*** - In-depth knowledge and practical experience of the operating rules of financial markets and classic financial instruments. - Good knowledge of IPSAS or IFRS accounting standards applicable to financial instruments and basic accounting posting for simple financial transactions. - Good knowledge of specialized software in cash management (TMS) and classic office software, notably spreadsheets (including functions) and document presentation software. Ability to make calculations and data analysis using functions and numerical reports in spreadsheets. - Strong analytical and problem-solving skills, solid numerical capabilities with ability to identify problems and weaknesses in process and to propose solutions and/or improvements. - Demonstrated organizational and coordination skills with ability to take initiative, establish plans and manage priorities efficiently for the monitoring of the activities. - Ability to comply with rules, regulations and administrative guidelines. - Ability to manage efficiently and to maintain effective working relationships in multi-cultural environment. - Excellent ability to draft clearly and concisely and make oral presentations in English and/or in French. - Excellent interpersonal skills including ability to deal effectively with the colleagues and USLS active/retired members and stakeholders. - Ability to manage heavy workload, to work under pressure and to meet tight deadlines, paying close attention to details and quality of work. ***LANGUAGES:*** - Excellent level in English or French and good level of the other **DESIRABLE QUALIFICATIONS** ---------------------------- ***WORK EXPERIENCE:*** - Experience in an international organization/institution or in the United Nations system. - Experience in managing a small team. ***SKILLS AND COMPETENCIES:*** - Knowledge of UNESCO’s general related policies and practices and USLS Rules and Regulations. - Good knowledge of bank payment systems functioning and international payment formats (XML ISO 20022). ***LANGUAGES:*** - Good knowledge of another working language of the United Nations (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. The approximate annual starting salary for this post is 103 684 US $. 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 an 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 ([last update here](https://www.unesco.org/en/geo-distribution)) 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.* Please note that UNESCO is a non-smoking Organization.

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