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Finance Analyst at United Nations Development Programme

United Nations Development Programme (UNDP), helps developing countries attract and use aid effectively. In all our activities, we encourage the protection of human rights, capacity development and the empowerment of women.

Background

  • Under the overall guidance of the Deputy Country Director Operations and direct supervision of Head of Finance, the Finance Analyst is responsible for effective and transparent utilization of financial resources and integrity of financial services.
  • The Finance Analyst promotes a client-oriented approach consistent with UNDP rules and regulations. He/she analyzes and interprets the financial rules and regulations and provides solutions to a wide spectrum of complex financial issues.
  • The Finance Analyst works in close collaboration with the operations, programme and project teams in the Country Office (CO) and with UNDP HQs staff and Government officials ensuring successful Country Office (CO) performance in Finance.
  • The Finance Analyst may be required to supervise other support/Finance staff and back stop the head of Finance and other Finance colleagues.

Duties and Responsibilities
Summary of key functions:

  • Implementation of operational and financial management strategies
  • Projects’ budget management
  • CO cash management
  • Control of CO accounts
  • Facilitation of knowledge building and knowledge sharing;

Ensures implementation of operational and financial management strategies, and adapts processes and procedures focusing on achievement of the following results:

  • Full compliance with UN/UNDP rules, regulations, and policies of financial activities, financial recording/reporting system and follow up on audit recommendations; implementation of effective internal controls, proper functioning of a client-oriented financial resources management system.
  • CO Finance business processes mapping and elaboration of the content of internal Standard Operating Procedures in Finance under the supervision of the Head of Finance
  • Continuous analysis and monitoring of the financial situation, presentation of forecasts for development and management projects, monitoring of financial exception reports for unusual activities, transactions.
  • Analysis and elaboration of proposals on cost saving and reduction strategies.

Ensures the management of projects’ budgets and organization and functioning of the optimal cost-recovery system focusing on achievement of the following results:

  • Elaboration of proposals for planning of financial resources of the CO, preparation of reports containing analysis of the financial situation.
  • Preparation and monitoring of budgets; regular analysis and reporting on the budget approvals and the delivery situation.
  • Establishment of projects’ budgets preparation/modification monitoring system, control of budgetary status versus authorized spending limits (ASL) and budgets delivery levels.
  • Implementation of the control mechanism for projects through monitoring budgets preparation and modifications, budgetary status versus ASL, follow up with HQs on ASL for projects, maintenance of the General Ledger.

Ensures proper control of CO accounts focusing on achievement of the following results:

  • Analysis and elaboration of proposals for the internal expenditures’ control system which ensures that vouchers processed are matched and completed, transactions are correctly recorded and posted in Atlas; payrolls are duly prepared; MPOs, travel claims and other entitlements are duly processed, and receipting of goods and services and establishment of accruals are properly done in compliance with IPSAS and UNDP policies and procedures.
  • Review the Trial balance of CO at least once in a month and perform accounts analysis for all Balance sheet accounts
  • Support to the IPSAS year-end  closure exercise to ensure timely financial reporting of current year’s activities
  • Participation in the full compliance and implementation of IPSAS
  • Timely corrective actions on unposted vouchers, including the vouchers with budget check errors, match exceptions, unapproved vouchers. Timely response to HQ requests to resolve financial data issues.
  • Control of the Accounts Receivables for UNDP projects and maintenance of the General Ledger.

Ensures proper CO cash management focusing on achievement of the following results:

  • Timely review of cash position for local accounts to ensure sufficient funds on hand for disbursements. Timely identification and recording of receipts for income application.
  • Daily review of zero-balance account bank statements in Atlas to monitor imprest level; identification and recording of contributions.
  • Initiation of bank transfers and deals, selecting bank transfers and deals for approval and settlement.
  • Timely preparation of monthly cash flow forecast for use by the supervisor.
  • Creation and maintenance of researched information for updating management on status of financial resources for the management budgets of the CO
  • Monitor proper receipting of goods and services and establishment of accruals.
  • Preparation of journal vouchers to record and correct transactions.

Ensures facilitation of knowledge building and knowledge sharing in the CO and guidance to all stakeholders on financial matters focusing on achievement of the following results:

  • Organization/conduct of training for the operations/ programme/projects staff on financial management.
  • Synthesis of lessons learned and best practices in Finance.
  • Sound contributions to knowledge networks and communities of practice.

Impact of Results

  • The key results have an impact on the overall CO efficiency in financial resources management and success in introduction and implementation of operational strategies.
  • Accurate, thoroughly researched and documented financial information, timely and appropriate delivery of services ensure client satisfaction and enhance UNDP credibility in use of financial resources.

Competencies
Functional Competencies:
Building Partnerships

  • Maintaining a network of contacts
  • Maintains an established network of contacts for general information sharing and to remain up-to-date on partnership related issues

Basic research and analysis:

  • Generates new ideas and approaches, researches best practices and proposes new, more effective ways of doing things
  • Documents and analyses innovative strategies and new approaches

Job Knowledge/Technical Expertise:

  • Fundamental knowledge of own discipline
  • Understands and applies fundamental concepts and principles of a professional discipline or technical specialty relating to the position
  • Ability to formulate and manage budgets; manage contributions and investments; manage transactions; and conduct financial analysis, reporting and cost-recovery.
  • Possesses  knowledge of organizational policies and procedures and applies them consistently in work tasks
  • Analyzes the requirements and synthesizes proposals
  • Strives to keep job knowledge up-to-date through self-directed study and other means of learning
  • Demonstrates good knowledge of information technology and applies it in work assignments

Promoting Organizational Change and Development:

  • Basic research and analysis
  • Researches and documents ‘best practices’ in organizational change and development within and outside the UN system

Design and Implementation of Management Systems:

  • Research and analysis and making recommendations on management systems
  • Make recommendations relative to work-processing approaches and procedures which would lead to more efficient systems design

Client Orientation:

  • Establishing effective client relationships
  • Researches potential solutions to internal and external client needs and reports back in a timely, succinct and appropriate fashion
  • Organizes and prioritizes work schedule to meet client needs and deadlines
  • Establishes, builds and sustains effective relationships within the work unit and with internal and external clients
  • Anticipates client needs and addresses them promptly

Promoting Accountability and Results-Based Management:

  • Basic monitoring
  • Gathers, analyzes and disseminates information on best practice in accountability and results-based management systems

Core Competencies:

  • Demonstrate corporate knowledge and sound judgment
  • Self-development, initiative-taking
  • Acting as a team player and facilitating team work
  • Facilitating and encouraging open communication in the team, communicating effectively
  • Creating synergies through self-control
  • Managing conflict
  • Learning and sharing knowledge and encourage the learning of others. Promoting learning and knowledge management/sharing is the responsibility of each staff member.
  • Informed and transparent decision making

Required Skills and Experience
Education:

  • Advanced (Masters) University Degree in Finance/Accounting, Business or Public Administration, or a professional accounting qualification from an internationally recognized institute of accountancy.
  • Professionally qualified accountants from an internationally recognized institute of accountancy will have a distinct advantage.
  • UNDP Advanced Accountancy and Finance test is required.

Experience:

  • Up to 2 years of relevant experience in providing financial management services, managing staff and operational systems. Experience in the usage of computers and office software packages (MS Word, Excel, etc) and advance knowledge of spreadsheet and database packages, experience in handling of web based management systems and ERP financials, preferably PeopleSoft.
  • Experience of IPSAS is required.

Language Requirements:

  • Fluency in English. 

Mode of Application
Interested and qualified candidates should:
Click here to apply

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