Chief, Treasury Division (re-advertised)

Vacancy Announcement

Chief, Treasury Division, P-5

Amman, Jordan (re-advertised)

Deadline for Applications

18 December 2017

(4 December 2017 for internal applicants)

Duration

2 years, with the possibility of further extension, subject to the availability of funds, satisfactory performance and continuing need.

Vacancy Announcement Number

17-HQ-AM-59

UNRWA encourages applications from qualified women and welcomes applications from qualified candidates with disabilities.

UNRWA, the largest United Nations operation in the Middle East with over 30,000 staff working across five areas of operation, is looking for professionals like you.

UNRWA’s strategic objectives

The mission of UNRWA is to help Palestine refugees achieve their full potential in human development under the difficult circumstances in which they live. In line with this mission, the Agency works towards five strategic outcomes: (a) Palestine refugee rights under international law are protected and promoted; (b) Palestine refugee health is protected and disease burden is reduced; (c) school-age children complete quality, equitable and inclusive basic education; (d) Palestine refugee capabilities are strengthened for increased livelihood opportunities; and (e) Palestine refugees are able to meet their basic human needs of food, shelter and environmental health.

Do you want to make a lasting difference? 

If you are looking for a rewarding opportunity to make a tangible difference for one of the most vulnerable communities in the world, UNRWA would like to hear from you. In this role, you will be responsible for ­­­­­­­­­­­­­­­­­managing UNRWA's Treasury Division, which is a separately operated unit within the Finance Department, with a yearly cash flow equivalent to almost US$1.4 billion.

The main responsibilities include:

•         Managing the cash resources of UNRWA and reporting to her/his supervisor on the cash flow situation of the Agency on a regular basis, and investing surplus funds at the highest and safest rate of return with due regard to security, liquidity and convertibility;

•         Effecting the disbursement of Headquarters’ funds and funding of the Field offices, providing them with advice on treasury matters as necessary;

•         Preparing periodic reports on time deposits, daily cash position, exchange rates, miscellaneous income and cash flow projections, with monthly updates for information and control purposes, including a monthly review of the Fields’ Bank Reconciliations and coordinating follow-up actions;

•         Initiating and implementing improvements to relevant UNRWA procedures by proposing policies and procedures covering Treasury operations, and in identifying electronic banking, money transfer and balance reporting;

•         Managing the Agency's banking arrangements, relations with banks and monitoring services obtained; moving the Agency onto on-line banking platforms where possible; this including implementing online banking for Fields/HQs;

•         Receiving records and deposits incoming funds to Headquarters bank accounts; in co-ordination with External Relations and Communications Department (ERCD), following up on the payment of outstanding pledges;

•         Coordinating the weekly Cash Flow forecasting of  Fields, HQs and ERCD; this including liaising with Information Management Department (IMD) on system enhancements to the Cash Flow Module;

•         Developing and implementing strategies to minimize the Agency’s foreign currency exposures, including hedging using FX Derivative instruments; working closely with Accounts on the correct accounting entries for the derivative instruments;

•         Serving as a member of the Provident Fund Committee, the Investment Review Committee and other committees, as required.

Conditions of service 

UNRWA offers an attractive compensation package including annual salary starting at $84,721 net tax free with post adjustment of 43.7% (subject to change without notice). All UNRWA duty stations (with the exception of Gaza and Syria) are family duty stations. Other benefits, subject to eligibility, include:

•  Dependency allowances

•  Rental subsidy

•  Education grant for children

•  Home leave travel

•  6 weeks (30 working days) annual leave

•  Pension fund entitlements under the

    UN Joint Staff Pension Fund

•  International health insurance; optional

    life insurance

•  Disability protection

Additional information

The incumbent will be required to travel in the Agency's area of operations in the Middle East and outside the Agency's area of operations to maintain working contacts with Agency's bankers and investment managers.

To qualify for this position, you will need:

Education

An advanced university degree (Master’s or equivalent) from an accredited educational institution  in accounting, business administration, commerce or other related discipline; a first-level university degree in combination with two additional years of qualifying experience may be accepted in lieu of an advanced university degree;

Work

Experience

At least ten years’ finance experience in the application of the knowledge acquired in accounting, business administration, commerce or other related discipline, of which at least four years should be specifically in banking and/or treasury, including three years of experience at a senior level in euro-dollar and international money market operations including a minimum of two years of relevant international experience outside your home country;

Language(s)

Excellent command of written and spoken English.

Desirable qualifications:

•         Experience in computerised financial systems;

•         Membership of a professional accountancy body such as Association of Chartered Certified Accountants (ACCA), Institute of Chartered Accountants (ICA) or Chartered Financial Analyst (CFA) etc.

You will also need to demonstrate the following competencies:

•         Proven skills in cash and foreign currencies management, including an understanding of Foreign Currency derivative instruments and related accounting treatment;

•         Demonstrated ability to operate electronic banking systems and knowledge of standard applications;

•         Excellent analytical skills;         

•         Ability to cope with multiple tasks effectively;

•         Ability to work under difficult conditions;

•         Demonstrated management skills in a multi-cultural environment;

•         Ability to motivate staff;

•         Excellent communication skills and an ability to work effectively with people at all levels in the organization.

For guidance on how to prepare for competency-based interviews:

            https://careers.un.org/lbw/home.aspx?viewtype=AYI

How to apply

To start the application process, applicants are required to register at http://jobs.unrwa.org by creating a personal profile and completing UNRWA Personal History Form. Only applications received through http://jobs.unrwa.org will be considered. Due to the large number of applications received for UNRWA vacancies, only applicants short-listed for interview will be contacted. The United Nations does not charge fees at any stage of the recruitment process. The United Nations does not concern itself with information related to bank accounts.

General information

UNRWA staff are expected to uphold the highest standards of integrity, neutrality and impartiality at all times. This includes respect for and commitment to human rights, diversity, and non-violent means of dealing with all kinds of conflict. Only persons who fully and unconditionally commit to these values should consider applying for UNRWA jobs. UNRWA is a non-smoking work environment.

The retirement age for staff entering or re-entering service in the UN Common System after 1 January 1990 is 62 and 65 after 1 January 2014. For external applicants, only those who are expected to complete a term of appointment will normally be considered.

The Agency reserves the right not to make an appointment, to make an appointment at a lower grade, or to make an appointment with a modified job description.

Date of issue: 21 November 2017/ NH