IPSAS Specialist

Contract

This is a IICA-2 contract. This kind of contract is known as International Individual Contractor Agreements. It is normally internationally recruited only. It's an external contract. It usually requires 5 years of experience, depending on education. More about IICA-2 contracts.

Background Information - Job-specific

*** Applicants that already applied to VA/2023/B0004/25421 - IPSAS Specialist - do not need to re-apply again.

The Finance Group (FG) is a critical and strategic business function in UNOPS and serves as an authoritative and integrated partner in the organization on strategic financial planning and budgeting, financial policy, practices, analysis, management services and reporting, organisational treasury and investments. As the steward of resources of a self-financing UN entity, FG is accountable for processes to ensure timely cost recovery and reporting to partners, maintaining the integrity and transparency of financial management of resources in accordance with the highest standards of ethics and organisational/international accountability framework and the accurate and transparent financial reporting to governing bodies, clients, partners and stakeholders.

The IPSAS Specialist reports to the Head of Financial Statements and UNBOA Relations who provides broad supervision and guidance. The IPSAS Specialist is responsible for efficient financial reporting and the provision of accurate, thoroughly researched and documented financial policies compliant to accounting standards and support for preparation of the financial statement. He/she analyzes and interprets the financial rules and regulations and the applicable accounting standards (IPSAS) and provides solutions to a wide spectrum of complex financial issues including financial investments.

Functional Responsibilities

1. POLICY IMPLEMENTATIONS AND COMPLIANCE

• Maintain and develop IPSAS compliant accounting guidance and financial procedures
• Develop and maintain financial reporting standards compliant to IPSAS standards
• Support development of IPSAS compliant financial statements and management reports
• Implement and operationalize new IPSAS standards and updates made to current standards and collaborate with related business process owners and IT Group for implementation of necessary measures
• Analyze IPSAS exposure drafts and published standards, assess impact on business processes and ERP systems, recommend appropriate course of action
• Coordinate comments on exposure drafts and other papers issued by IPSASB
• Review existing and new business processes for compliance to IPSAS and coordinate with process owners for necessary improvements
• Reviews new business processes for compliance to IPSAS and advise necessary recommendations to the relevant business policy owners for necessary recommendations
• Actively monitor and implement changes in accounting standards and regulatory requirements and offers good change management practices when required

• Liaise with external auditors on audit queries related to accounting and reporting and compliance to accounting standards and UNOPS Financial Rules and Regulations

  2. FINANCIAL INVESTMENTS AND OVERSIGHT

• Update and maintain policy documents on financial reporting and recording of corporate financial investments

• Exercise periodic monitoring over transactions and account balances to ensure recording and reporting in accordance with UNOPS Financial Rules and Regulations and IPSAS policies on financial instruments and other applicable Organizational Directives and Operational Instructions.

• Review and assess agreements for financial instruments and equity deals and devise accounting treatments in compliance to IPSAS and UNOPS Financial Rules and Regulations

• Provide specialist support in establishing necessary processes for derivatives valuations, hedge accounting and application of impairment models

• Take a proactive approach in identifying issues related to data quality and liaise with related parties in the organization to ensure timely and necessary corrections.

• Maintain a log of issues identified, analyze data and draw a holistic action plan to improve processes and establish necessary controls based on lessons learned.

• Contribute to developing and maintaining a strong control environment around financial reporting and the integrity of data used for preparation of corporate financial statements

  3. CAPACITY BUILDING / SYSTEM IMPROVEMENT

• Develop training materials and guidance on relevant IPSAS standards

• Conduct, webex and virtual trainings to relevant personnel and business community

• Develop IPSAS awareness informative contents for internal communication

• Support business process owners in the development of training materials through a review of the contents for technical IPSAS accuracy for topics assigned

• Collaborate and communicate with UNOPS departments in HQ and field on regular basis

Education/Experience/Language requirements

Education: - A Master's Degree or equivalent in Finance, Accounting, Financial Management or a related field is required. - A first-level university degree (Bachelor's or equivalent) in combination with additional 2 years of qualifying experience may be accepted in lieu of a Master's degree.

• Professional certification in accounting (CA, CPA, ACCA, ACA, etc.) or equivalent is required

Experience: - Minimum 5 years of relevant working experience within an international environment in the areas of financial reporting, audit and accounting - A thorough knowledge of International Public Sector Accounting Standards (IPSAS) or International Financial Reporting Standards (IFRS) is required. - Experience in areas of Financial Instruments and specialized knowledge in financial instruments (IPSAS 41, IFRS 9) and their practical application is considered as a strong asset - Excellent computer skills and ability to use software tools to present data clearly and concisely is highly desirable. - Demonstrated experience in interpretation of international accounting standards and preparation of financial statements is required.

Language Requirements - Full working knowledge of English. - Knowledge of another official UN language is an asset.

Contract type, level and duration

Contract type: ICA Contract level: IICA 2 Contract duration: Ongoing, subject to organizational requirements, availability of funds and satisfactory performance.

For more details about the ICA contractual modality, please follow this link: https://www.unops.org/english/Opportunities/job-opportunities/what-we-offer/Pages/Individual-Contractor-Agreements.aspx

Competencies

Develops and implements sustainable business strategies, thinks long term and externally in order to positively shape the organization. Anticipates and perceives the impact and implications of future decisions and activities on other parts of the organization. Treats all individuals with respect; responds sensitively to differences and encourages others to do the same. Upholds organizational and ethical norms. Maintains high standards of trustworthiness. Role model for diversity and inclusion.

Acts as a positive role model contributing to the team spirit. Collaborates and supports the development of others. For people managers only: Acts as positive leadership role model, motivates, directs and inspires others to succeed, utilizing appropriate leadership styles. Demonstrates understanding of the impact of own role on all partners and always puts the end beneficiary first. Builds and maintains strong external relationships and is a competent partner for others (if relevant to the role). Efficiently establishes an appropriate course of action for self and/or others to accomplish a goal. Actions lead to total task accomplishment through concern for quality in all areas. Sees opportunities and takes the initiative to act on them. Understands that responsible use of resources maximizes our impact on our beneficiaries. Open to change and flexible in a fast paced environment. Effectively adapts own approach to suit changing circumstances or requirements. Reflects on experiences and modifies own behavior. Performance is consistent, even under pressure. Always pursues continuous improvements. Evaluates data and courses of action to reach logical, pragmatic decisions. Takes an unbiased, rational approach with calculated risks. Applies innovation and creativity to problem-solving. Expresses ideas or facts in a clear, concise and open manner. Communication indicates a consideration for the feelings and needs of others. Actively listens and proactively shares knowledge. Handles conflict effectively, by overcoming differences of opinion and finding common ground.

Additional Information

• Please note that the closing date is midnight Copenhagen time
• Applications received after the closing date will not be considered.
• Only those candidates that are short-listed for interviews will be notified.
• Qualified female candidates are strongly encouraged to apply.
• UNOPS seeks to reasonably accommodate candidates with special needs, upon request.
• Work life harmonization - UNOPS values its people and recognizes the importance of balancing professional and personal demands. We have a progressive policy on work-life harmonization and offer several flexible working options. This policy applies to UNOPS personnel on all contract types
• The incumbent is responsible to abide by security policies, administrative instructions, plans and procedures of the UN Security Management System and that of UNOPS.

It is the policy of UNOPS to conduct background checks on all potential recruits/interns. Recruitment/internship in UNOPS is contingent on the results of such checks.