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Project Finance Senior Associate

Copenhagen

  • Organization: UNOPS - United Nations Office for Project Services
  • Location: Copenhagen
  • Grade: Administrative support - LICA-7, Local Individual Contractors Agreement
  • Occupational Groups:
    • Operations and Administrations
    • Administrative support
    • Banking and Finance
    • Project and Programme Management
  • Closing Date: 2025-02-11

Job categories Finance
Vacancy code VA/2025/B0004/29636
Department/office MP, FG, Finance Group
Duty station Copenhagen, Denmark
Contract type Local ICA Support
Contract level LICA-7
Duration Ongoing, subject to organizational requirements, availability of funds and satisfactory performance
Application period 28-Jan-2025 to 11-Feb-2025
Applications to vacancies must be received before midnight Copenhagen time (CET) on the closing date of the announcement.

Functional Responsibilities

1. Project Financial Closure Governance 

2. Project financial reporting to specialized donors/clients 

3. Reconciliation of Project clearance accounts 

4. Facilitation of knowledge building and knowledge sharing

1. Project financial reporting to specialized donors/clients 

  • Review of project final financial statement data and supporting documentation for  completeness, accuracy, and correctness; 
  • Communicate with colleagues on areas requiring verification, corrections, additional  information, etc. to improve quality of the project financial statement; 
  • Preparation of periodic financial statements to funding sources and external clients in  compliance with established reporting requirements. Ensure Implementation of  reporting systems and reports to meet Funding source requirements; 
  • Assistance to Finance Specialist with oneUNOPS reporting and analysis;

2. Reconciliation of Project clearance accounts 

  • Verification of project clearance account (PCA) against UNOPS general ledgers and  clients records. 
  • Communicate with clients on discrepancies between UNOPS and clients records. ∙ Submission of quarter cash forecast for replenishment of PCA account

3. Project Financial Closure 

  • Perform and efficiently carryout Project Financial Closure process and ensure projects  are properly closed and residual fund balances are refunded to client/donors in timely  manner.  
  • Review and clearance of balance sheets accounts. 
  • Review and clearance of project accounts in accordance to UNOPS financial reporting  guidelines 
  • Assist with monthly and year-end financial closure tasks.  
  • Review and prepare write-off journals for projects in deficit.  
  • Follow up with respective project personnel on fund balance refund rejections and  ensure they are immediately resolved. 
  • Reconciliation of expenditures recorded in oneUNOPS. 
  • Reconciliation of expenditures reported via Financial Dashboard. 
  • Verification and process of refund of project fund balances.

4. Facilitation of knowledge building and knowledge sharing 

  • Assist in training of colleagues upon requests from portfolio managers, the supervisor  and other finance officers on project finance management. 
  • Synthesis of lessons learnt and best practices in project finance. 
  • Sound contributions to knowledge networks and communities of practice

The key results have an impact on the overall execution of the UNOPS financial services.  Accurate analysis and presentation of financial information ensures proper financial processes  in the organization.

Education/Experience/Language requirements

Education:
  • A bachelor's degree in accounting, finance, business administration or other relevant field.
  • A Master's degree would be a distinct advantage and may substitute for some years of experience.

Experience:

  • Minimum of 5 years of progressively responsible experience in finance, at either the national or international level, is required.

  • Some experience in UN organizations would be an asset

Language requirements:

  • Fluency in English, both written and verbal, is required;
  • Working knowledge of another UN language, specifically either Spanish or French is an asset.
We do our best to provide you the most accurate info, but closing dates may be wrong on our site. Please check on the recruiting organization's page for the exact info. Candidates are responsible for complying with deadlines and are encouraged to submit applications well ahead.
Before applying, please make sure that you have read the requirements for the position and that you qualify.
Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.