Treasury Associate

Job title:

Treasury Associate

Company

United Nations Development Programme

Job description

This position is primarily responsible for processing HQ payments on a daily basis. In addition, the incumbent will be responsible as a back-up for confirmation and settlement of Investment transactions.

Payment processing in Quantum for UNDP and agencies service by UNDP in HQ and filter payments for data quality and compliance:

• Run the Payment Process Request (PPR) in Quantum for A/P, Check, Manual, and T&E including invoices prepared by Country Offices.
• Determine the funding requirements for HQ disbursing bank accounts in all currencies, and advise the Treasury Associate of the Investment Unit of the liquidity needed.
• Monitor PPR process in Quantum and TRAX, and troubleshoot PPR failure immediately in Quantum/TRAX, and inform relevant business unit agencies of the failure and required resolution action.
• Monitor and troubleshoot the payments including managing payment inquiries and payment monitor, recall and returned/rejected payments.
• Send electronic payment advice file to Agencies for EFT transactions processed.
• Alert the Treasury Specialist any unusual issues of manual processing

Payment processing in SWIFT:

• Manually prepare SWIFT messages for payments and Treasury transactions that could not be processed as STP from Quantum and Integrity.
• Ensure compliance to UNDP FRR for the payments prepared and released from SWIFT, and reconcile transactions prepared and released against acknowledgements from SWIFT.
• Maintain records for manual payments processed through SWIFT and Bank Balances for

year-end accounts closure.

Issue checks and manage check and cash deposits:

• Prepare system checks for all approved check payments, run CHK PPR, and distribute checks.
• Follow up with payees on checks that have not been collected
• Maintain the check register for the disbursement accounts.
• Process returned checks.
• Follow established procedure to deposit check and cash and maintain records of deposits including those of collection items and follow up to ensure that collection items are credited.

Providing back-up support to the unit:

• Perform as back-up to Treasury Associate position (Post no. 26293) and Senior Treasury Associate (Post no. 26506) and as assigned by the Supervisor.
• Do other duties as assigned by the supervisor.

Competencies

Core Competencies – UNDP Core Competencies can be found .

• Achieve Results – LEVEL 1: Plans and monitors own work, pays attention to details, delivers quality work by deadline
• Think Innovatively – LEVEL 1: Open to creative ideas/known risks, is pragmatic problem solver, makes improvements
• Learn Continuously- LEVEL 1: Open minded and curious, shares knowledge, learns from mistakes, asks for feedback
• Adapt with Agility – LEVEL 1: Adapts to change, constructively handles ambiguity/uncertainty, is flexible
• Act with Determination – LEVEL 1: Shows drive and motivation, able to deliver calmly in face of adversity, confident
• Engage and Partner – LEVEL 1: Demonstrates compassion/understanding towards others, forms positive relationships
• Enable Diversity and Inclusion – LEVEL 1: Appreciate/respect differences, aware of unconscious bias, confront discrimination

Cross-Functional & Technical competencies

Business Direction and Strategy – Business Acumen:

• Ability to understand and deal with a business situation in a manner that is likely to lead to a good outcome.
• Knowledge and understanding of the operational frameworks in the organization and ability to make good judgments and quick decisions within such frameworks

Business Development – Knowledge Generation:

• Ability to research and turn information into useful knowledge, relevant for context, or responsive to a stated need.

Business Management – Communication:

• Ability to communicate in a clear, concise and unambiguous manner both through written and verbal communication; to tailor messages and choose communication methods depending on the audience.

Business Management – Customer Satisfaction/Client Management:

• Ability to respond timely and appropriately with a sense of urgency, provide consistent solutions, and deliver timely and quality results and/or solutions to fulfil and understand the real customers’ needs.
• Provide inputs to the development of customer service strategy. Look for ways to add value beyond clients’ immediate requests.
• Ability to anticipate client’s upcoming needs and concerns.

Business Management – Evaluation:

• Ability to make an independent judgement based on set criteria and benchmarks
• Ability to anticipate client’s upcoming needs and concerns.

Finance – Treasury Cash Management:

• Ability to manage organization’s cash and investment holdings with the ultimate goal of maximizing liquidity and mitigating risks.
• Understands the economic environment, interest rates and the importance of economic forecasting. Understands and can implement a treasury management strategy, including cash flow management, debt management and investment strategies.

Finance – Due Diligence Management:

• Ability to conduct a comprehensive appraisal of an organization or opportunity to be undertaken by a prospective investor or partner, especially to establish its assets and liabilities, as well as evaluate the potential opportunity and its related risks; knowledge of respective methodology and tools.

Required Skills and Experience

Education:

• Completion of Secondary Education/High School Diploma is required;
• A first level university degree (Bachelor’s degree) in Finance, Business or Public Administration is desirable, but it is not a requirement.
• Having a specialized certification in Accounting and Finance is preferred.

Experience:

• Minimum 6 years (with Secondary Education/High School Diploma) or 3 years (with Bachelor’s degree) of relevant experience in cash management/treasury or banking function;
• Experience in the usage of computers and office software packages (MS Word, Excel, etc) is required;
• Advanced knowledge of spreadsheet and database packages, experience in handling of web-based management systems is required;
• Experience with ERP financials, preferably Oracle, IPSAS, Treasury and Accounts Receivable modules will be an asset;
• Knowledge of global payment system, banking, and SWIFT desirable.
• Having a country office experience at the UN system is desirable;
• Knowledge and experience of UNDP financial policies and procedures is an asset;

Language:

• Fluency in the English language is required;
• Working knowledge of another UN language is an advantage.

Please note that continuance of appointment beyond the initial 12 months is contingent upon the successful completion of a probationary period.

Disclaimer

Under US immigration law, acceptance of a staff position with UNDP, an international organization, may have significant implications for US Permanent Residents. UNDP advises applicants for all professional level posts that they must relinquish their US Permanent Resident status and accept a G-4 visa, or have submitted a valid application for US citizenship prior to commencement of employment.

UNDP is not in a position to provide advice or assistance on applying for US citizenship and therefore applicants are advised to seek the advice of competent immigration lawyers regarding any applications.

Expected salary

Location

New York

Job date

Sat, 17 Feb 2024 01:07:14 GMT

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