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Associate - Finance

Seoul

  • Organization: GGGI - Global Green Growth Institute
  • Location: Seoul
  • Grade: Junior level - X6
  • Occupational Groups:
    • Administrative support
  • Closing Date: Closed

Associate - Finance

The Finance associate performs the treasury and cash management activities of GGGI’s global operations, ensuring cash is optimized through effective and full use of all currencies available to GGGI, and within the approved parameters of the financial regulation, policies and procedures. 

Location
Republic of Korea, Seoul
Contract Type
Staff
Grade
X6
Salary scale
Country Scale
Contract Duration
36 months
Date to close
28/09/2017
Ref No
STA1500
Documents

Purpose

• Forecasts GGGI’s cash requirements, monitor, execute and report on global payments, remittances and receipts.

• Ensure compliance and conformity of GGGI’s credit card and banking operations in HQ and globally; seeing to it that all accounts and funds are effectively managed through appropriate level of controls established in all locations.

• Performs reconciliation of all credit cards and HQ bank accounts, review and approve reconciliations and monthly expenditure report submitted by the Country Offices before processing in ERP

• Supports the Finance Director in placing short-term investments and preparation of analysis and reports related to GGGI’s investments.

 

Engagement

• Manages relationships with GGGI’s financial service providers ensuring the efficient management of GGGI’s bank accounts and timely execution of global payments and remittances.

• Liaise and conduct benchmark studies of banking services in Korea and globally, evaluate and recommend changes to be adopted by GGGI.

• Is the point of contact for staff and vendors for day to day administration and query handling and ensuring compliance to processes.

• Through close coordination with the global banking representatives, ensure regular update on new investments products and GGGI’s investments are proactively managed.

• Recommend, implement and maintain process improvements through close cooperation with the GGGI’s ERP team by identifying and resolving ongoing functional and technical issues; coordinate and test system modifications.

 

Delivery

• Process all payments efficiently and effectively, ensuring the documentations are complete and the AP matching process is accurately performed to ensure the approval process are expedited through both manual and automated remittance process.

• Provides timely confirmation on the receipt of contributions internally within GGGI and externally to the donor representatives.

• Monthly credit card and bank reconciliations are accurately performed, irregularities are investigated and resolutions are timely proposed to ensure no exceptions are reported during month-end process.

• Monthly expenditure reports are submitted by Country Office regularly and timely and thorough check is performed to ensure the monthly submissions comply with guidelines and procedures.

• Maintain and manage all associated archiving process which includes financial records, logs, spreadsheets, and registers to ensure an effective and efficient handling of all audit and payment related queries including sending of donor confirmations.

  • Evaluate, develop and implement cash management systems to optimize efficiencies
  • Monitor bank service fees and address quality issues.

 

REQUIREMENTS  

QUALIFICATIONS

• Degree in Accounting, or in any relevant field. CPA, ACCA, CIMA would be desirable

 

FUNCTIONAL

• At least three year of experience in cash management will be an added advantage

• Experience and proficiency on financial software and reporting systems is preferred.

• Proficiency in communicating with the management and staff of the company

• Ability to undertake multiple tasks at the same time without losing focus

• Must be proactive, with the ability to meet and surpass project deadlines

• Computer knowledge – a good knowledge of Microsoft Word and Spreadsheet

• Possess exceptional analytical reasoning skills to think problems thoroughly and generate solutions

• Work with minimal daily direction and supervision

• High degree of accuracy and attention to detail

• Assist with implementing business and operational plans

 

CORPORATE

• Self-motivated individual with effective organizational skills

• Able to work on a cross-cultural environment with a multi-national staff

This vacancy is now closed.
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