The project is expected to improve 3.9 million hectares of marine areas, restore 20,000 hectares of mangroves, and enhance sustainable fisheries while creating lasting environmental and socio-economic benefits for PNG’s coastal communities and contributing to global climate and biodiversity goals.Under the direct supervision of the Project Manager , the Finance Analyst will provide the financial management services of the project.
Responsibilities:
Keep records of project funds and expenditures and ensure all project-related financial documentation are well maintained and readily available.
Review project expenditures and ensure that project funds are used in compliance with the Project Document and governmental financial rules and procedures.
Manage requests for the provision of UNDP financial resources through funding advances, direct payments or reimbursement using the FACE form.
Validate and certify FACE forms before submission to UNDP.
Provide necessary financial information as and when required for project management decisions.
Provide necessary financial information during project audits.
Review annual budgets and project expenditure reports and notify the Project Manager, Chief Technical Advisor if there are any discrepancies or issues.
Prepare annual budget in accordance with the project work plan.
Conduct cycle audit of all financial transactions and report and ensure that all transactions and reports are in accordance with the accounting procedures prescribed by the Project Document.
Consolidate and finalise the monthly financial reports to monitor adherence to the budget as per work plans.
Advise on Audit the Bank Reconciliation Statement prepared by the Accounting Officer.
Prepare semi-annual cash flow projections ensuring sufficiency of funds.
Monitor foreign exchange currency rates.
Coordinate with the Internal Audit Unit to ensure that both financial and operational controls are in place.
Participate and Advise in overseeing the signing of financial / grant agreements.
Handle Cash Management and Bank Management.
Facilitate completion/processing of pending documents related to financial reporting.
Synthesize lessons learned and best practices in project finance.
Ensure knowledge building and sharing.
Education:
A professional accounting qualification from an internationally accredited institute of accountancy, and/or Advanced (Master’s) University Degree in Finance and/or Accounting is required.
A first-level university degree (bachelor’s degree) in the areas mentioned above, in combination with an additional two years of qualifying experience will be given due consideration in lieu of the advanced university degree.
Candidates with professional accounting qualifications from an internationally accredited institute of accountancy will have a distinct advantage.
Candidates with no professional accountancy qualifications, but with degrees that major in accountancy and/or finance must complete the Finance Training and Certification Programme (FTCP), if recruited.
Candidates satisfying the two above criteria are exempted from undertaking the UNDP Advanced Accountancy and Finance Test (AAFT).
Candidates with MBA or master's in finance with no accountancy qualification but with relevant experience must successfully undertake the UNDP Advanced Accountancy and Finance Test (AAFT) to be eligible for shortlisting.
Work Experience:
Minimum 2 years (with Master’s degree) or 4 years (with Bachelor’s degree) of relevant experience in providing financial management services, and/or managing staff and operational systems.
Languages:
Fluency in English language (writing, speaking and reading) and Tok Pisin is required.
