Global Payment Solution Junior Consultant
Support financial operations in GPS effectively and efficiently
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Overview
Support financial operations in GPS effectively and efficiently
You have:
- First University degree in Finance, Business Administration, Accounting or related fields.
- 2 - 3 years of relevant work experience in Financial Management, especially Accounts Payables, Treasury, and related business processes.
- Knowledge of common business principles and processes, and ability to assimilate UN/WFP specific processes and systems.
- Good knowledge of all SAP Financial modules, especially Accounts Payable, Treasury, and Bank Communication Manager.
- Excellent overall technical and analytical skills, critical reasoning, and strong problem-solving skills.
- Managed or worked with multicultural teams in related areas of expertise.
- Accountability, moral integrity, and a high standard of professional ethics.
- Good knowledge of Microsoft Office, particularly Excel Spreadsheets.
- Fluency in oral and written English; working knowledge of another UN language is an asset.
WFP celebrates and embraces diversity. It is committed to the principle of equal employment opportunity for all its employees and encourages qualified candidates to apply irrespective of race, colour, national origin, ethnic or social background, genetic information, gender, gender identity and/or expression, sexual orientation, religion or belief, HIV status, physical or mental disability.
BACKGROUND AND PURPOSE OF THE ASSIGNMENT:
WFP Corporate Finance Division embarked on a transformative journey away from the traditional back-office and transactional-focused role towards a more analytical, innovative, data-driven, and forward-looking proactive Finance function. Finance is a strategic partner for all WFP's operational functions and performance driver of WFP's financial management and control, and a key enabler for operational delivery as affirmed by the outcomes of a comprehensive advisory study of the function completed by PwC in 2019, which has formed the basis of the five years divisional "Finance Strategy 2024".
Operating Efficiency has been identified as one of the key areas for improvement by way of the establishment of a more centralized accounts payable process, the Global Payment Solution (GPS), within the context of efficiency gains to ensure process simplification in line with WFP's Digital Transformation and Simplification, Effectiveness and Impact corporate priorities. GPS aims to consolidate 70% Accounts Payable functions currently performed in the Field.
The purpose of this assignment to liver a range of routine business support tasks to ensure GPS operations are effectively supported.
ACCOUNTABILITIES/RESPONSIBILITIES:
1. Provide procedural and technical support to staff within the areas of finance and budget, to ensure compliance with WFP financial policies, rules, and regulations.
2. Monitor the daily cash position in order to optimize the sue of surplus cash and maximize returns on investment through the liquidity portfolio.
3. Monitor the centralized registry system in order to process all payments to internal staff and invoices to external suppliers in a timely manner and in accordance with WFP standards.
4. Contribute to the preparation, implementation, and monitoring of budgets, monitor expenditure, and budget forecasts, to ensure that relevant future funding requirements are met.
5. Coordinate with other teams in order to ensure that all financial services are being performed efficiently and in line with the needs of the wider team.
6. Monitor account balances and process financial transactions in an accurate and timely manner, to avoid the occurrence of an overdraft.
7. Monitor and analyze general ledger accounts in order to initiate and achieve corrective actions.
8. Compile data from the WFP database and systems in order to assist in generating and analyzing financial reports on a monthly basis.
9. Allocate tasks to other support staff and provide guidance with on-the-job training in the management of financial resources, to ensure services are delivered consistently and to the required standards.
10. Analyze and report on key data for financial status and outcomes of projects in accordance with corporate governance requirements, ensuring accuracy, deadlines, and accounting processes are complied with.
11. Represent unit at internal meetings, external meetings, and events with other UN agencies, banks, other financial institutions, or other partners and entities are required.
12. Participate in the delivery of accurate financial reporting and analyses in accordance with International Public Sector Accounting Standards (IPSAS), ensuring accuracy, deadlines, and compliance with accounting processes and corporate governance requirements.
13. Provide financial assessment of partners, service providers, and other entities as needed, providing conclusions to management to enable them to make informed decisions and minimize financial risk to the organization.
14. Ensure that bank reconciliation, disbursement, clearance of receivables, overall cash management, and monthly financial closures are performed regularly and in accordance with corporate requirements.
15. Monitor and analyze financial and accounting data, identifying and forecasting trends, anomalies, or issues, and proposing solutions to management with regards to the status of budgets, availability of funds, program effectiveness, and financial viability.
16. Collate and analyze data for the preparation of accurate and timely reporting, in order to provide management with financial, accounting, and budgetary information to enable them to make informed decisions.
17. Any other duties that are consistent with the position may require.
DELIVERABLES AT THE END OF THE CONTRACT:
Oversee accuracy of accounts payable entries.
Timely prepare invoices for disbursement.
Identify best practices.
Support cross-units knowledge transfer.
QUALIFICATIONS AND EXPERIENCE REQUIRED:
Education:
First University degree in Finance, Business Administration, Accounting or related fields.
2 - 3 years of relevant work experience in Financial Management, in particular Accounts Payables, Treasury and related business processes, such as invoices, payments and cash management.
Experience:
Knowledge of common business principles and processes and the ability to quickly assimilate UN/WFP specific processes and systems.
Good knowledge of all SAP Financial modules, in particular Accounts Payable, Treasury, Bank Communication Manager, and their integration with Travel, Procurement, and HR modules.
Excellent overall technical and analytical skills, critical reasoning, and strong problem-solving skills.
Managed and led or worked with multicultural teams with related areas of expertise.
Accountability, moral Integrity and a high standard of professional Ethics.
Knowledge and Skills:
Good knowledge of Microsoft Office, Excel Spreadsheets, and SAP
Languages:
Fluency in oral and written English.
Working knowledge of another UN language is an asset.
Terms and Conditions:
WFP offers a competitive compensation package which will be determined by the contract type and selected candidate's qualifications and experience.
Please visit the following websites for detailed information on working with WFP: http://www.wfp.org.
Click on: "Our work" and "Countries" to learn more about WFP's operations.
Qualified female applicants and qualified applicants from developing countries are especially engouraged to apply. WFP has zero tolerance for discrimination and does not discriminate on the basis of HIV/AIDS status.
Deadline for applications: Monday, 24 October 2022
Please note that the deadline is at 11:59 pm, Rome time (GMT+1).
Ref.: VA No. 175223
Kindly note the only documents you need to submit at this time are your CV and Cover Letter. Additional documents such as passport, recommendation letters, academic certificates, etc. may potentially be requested at a future time.
All employment decisions are made on the basis of organizational needs, job requirements, merit, and individual qualifications. WFP is committed to providing an inclusive work environment free of sexual exploitation and abuse, all forms of discrimination, any kind of harassment, sexual harassment, and abuse of authority. Therefore, all selected candidates will undergo rigorous reference and background checks.
No appointment under any kind of contract will be offered to members of the UN Advisory Committee on Administrative and Budgetary Questions (ACABQ), International Civil Service Commission (ICSC), FAO Finance Committee, WFP External Auditor, WFP Audit Committee, Joint Inspection Unit (JIU) and other similar bodies within the United Nations system with oversight responsibilities over WFP, both during their service and within three years of ceasing that service.
Potential interview questions
| Can you describe a time when you had to optimize a financial process? | The interviewer wants to assess your problem-solving and analytical skills in a financial context. | Discuss a specific example that shows your approach to identifying and implementing improvements. |
| How do you prioritize tasks when given multiple deadlines in financial management? | This question evaluates your time management skills and ability to handle stress. | Pro members can see the explanation. |
| Can you give an example of how you've worked with a multicultural team? | Pro members can see the explanation. | Pro members can see the explanation. |
| What do you consider the most critical aspect of managing accounts payable? | Pro members can see the explanation. | Pro members can see the explanation. |
| How would you handle discrepancies found during financial reporting? | Pro members can see the explanation. | Pro members can see the explanation. |
Added 3 years ago
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Updated 1 year ago
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Source:
wfp.org
