Financial Reporting Analyst

United Nations Office for Project Services, Copenhagen, Denmark

Skill Required:, Finance and Accounts
Preferred Experience: 
2 years of relevant work experience
Closing Date for Applications: 
16th December, 2020


Job Description

The purpose of the Finance Group is to lead and develop the organization’s finance strategy and practice. The core functions of the Finance Group are to:

  •  Articulate finance policies and processes; enable operationalization and managerial oversight through appropriate systems and reports; provide corporate advice and guidance; and strengthen the knowledge, skills and career development of finance practitioners.
  •  Steward the resources of the organization, ensuring cost recovery and accurate financial reporting to partners; maintain appropriate controls and integrity of financial management in accordance with relevant international standards; enable prudent management and growth of financial assets; and build an informed and shared management engagement on financial issues in support of the organization’s business strategy.
  •  Identify and develop opportunities for the provision of financial management services for partners and ensure appropriate modalities for service delivery.

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, internal control and enterprise risk management. 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 Financial Reporting Analyst reports to the Financial Reporting Specialist who provides broad supervision and guidance. The Financial Reporting Analyst is responsible for efficient financial resources management and the provision of accurate, thoroughly researched and documented financial information and transparent utilization of financial resources. He/she analyzes and interprets the financial rules and regulations and provides solutions to a wide spectrum of complex financial issues. The Financial Reporting Analyst promotes a client-oriented approach consistent with UNOPS rules and regulations.

FUNCTIONAL RESPONSIBILITIES

  • Corporate financial statements and audit
  • Financial oversight and monitoring
  • Capacity building / system improvement

CORPORATE FINANCIAL STATEMENTS AND AUDIT:

  • Preparation of quarterly and year-end corporate financial statements and notes, including consolidation of data and preparation of working files and supporting schedules for the notes to the financial statements.
  • Coordination and monitoring of quarterly and year-end financial closure processes.
  • Detailed analysis of the quarterly and year-end financial statements, including review of reconciliation submissions and account balances, to identify issues related to data quality and liaise with relevant parties to ensure timely and necessary corrections.
  • Provide support to the Financial Reporting Specialist during external audit visits.
  • Preparation of regular reports on UNOPS’ external audit recommendations for external stakeholders (Executive Board, General Assembly etc).
  • Maintaining log and dashboard of external audit recommendations and draw useful data for analysis.

FINANCIAL OVERSIGHT AND MONITORING:

  • Focal point for provisions for bad debts and write-offs, including regular monitoring and liaison with internal stakeholders to ensure accurate reporting of provisions under IPSAS
  • Analysis of data in General Ledger (GL) concerning different accounts
  • Communication with internal stakeholders on areas requiring verification, corrections, additional information, etc. to improve quality of output and/or account submission
  • Review of finance data in General Ledger for completeness, accuracy, and correctness of account entries in relevant areas of focus
  • Exercise periodic monitoring and oversight on transactions and account balances in respective areas to ensure recording and reporting is made in accordance with UNOPS Financial Rules and Regulations and other applicable Organizational Directives and Operational Instructions.
  • Contribute to developing and maintaining a strong control environment around financial reporting
  • Raise transactions in UNOPS ERP as and needed
  • Ad-hoc tasks as assigned.

CAPACITY BUILDING / SYSTEM IMPROVEMENT:

  • Contribute to the development of innovative solutions to optimize financial processes and reduce manual work, coordinating with ICT as required.
  • Review and update process documentation and and relevant areas in UNOPS’ knowledge management system (PQMS).
  • Maintain a log of issues identified, analyze data based on lessons learned.
  • Become a subject matter expert on IPSAS and Financial Reporting requirements in the UNOPS ERP system (OneUNOPS).
  • Preparation of training materials and training sessions to Finance practice members.

EDUCATION/EXPERIENCE/LANGUAGE REQUIREMENTS

Education:

  • Advanced university degree (Master’s degree or equivalent) in finance, accounting, and business administration is required.
  • A first-level university degree in combination with additional 2 years of qualifying experience may be accepted in lieu of the advances university degree.
  • Professional certification in accounting (CA, CPA, ACCA, ACA, CIMA, etc.), audit (CIA) or equivalent desirable and considered an asset.
  • A thorough knowledge of International Public Sector Accounting Standards (IPSAS) or International Financial Reporting Standards (IFRS) is considered an asset.

Experience:

  • Minimum 2 years of relevant working experience within an international environment in the areas of audit, accounting and/or financial reporting.
  • Experience within the UN system and UNOPS Financial Reporting is an advantage.
  • A thorough knowledge of International Public Sector Accounting Standards (IPSAS) or International Financial Reporting Standards (IFRS) is considered an asset.
  • Knowledge of, and experience with Google Workspace (Docs, Slides and Sheets) is an asset.

Language Requirements:

  • Full working knowledge of English.
  • Knowledge of another official UN language is an asset.

Source:https://jobs.unops.org/Pages/ViewVacancy/VADetails.aspx?id=20683


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