Treasurer (P3)

Organizational Setting

The Department of Management (MT) provides a ‘platform of services’ that serves as a foundation for the successful delivery of the IAEA’s scientific and technical programmes. Its mission statement is as follows\: “MT is a partner and a business enabler that champions change and efficiency, leveraging a common purpose”. Thus, among other support activities, it assists a scientific manager in recruiting the right expert, helps a technical officer coordinate the purchase of radiation equipment, and ensures that all Board documents are translated and distributed on a timely basis to Member States.

The Division of Budget and Finance manages the financial resources essential for full implementation of the IAEA's scientific and technical programmes. The Division provides financial services and solutions for programme budgeting, treasury, payments, payroll, financial accounting and reporting to support the IAEA's mandate. The Finance and Accounting Section maintains and monitors all accounts for the IAEA, monitors and reports on the receipts of assessed and voluntary contributions, and prepares the IAEA's financial statements and other reports to the governing bodies and Member States. The Treasury Unit is responsible for the management of the IAEA's investments according to the approved investment guidelines. It ensures that an appropriate balance of cash is available to meet all financial obligations in the required currencies, conducts foreign currency dealings, manages banking relationships, performs bank transactions and records all cash receipts.

Main Purpose

The Treasurer uses strong knowledge and experience in the banking sector, as well as financial analysis skills, so as best to manage the Agency's funds.

Role

The Treasurer is\:
(1) a financial manager, ensuring that all transactions affecting the cash holdings of the Agency are reviewed appropriately, including ensuring that the method of outgoing payments is appropriate and efficient and that all desk procedures are comprehensive and current. He/she ensures that incoming funds from contributions, publications and all other income are recorded properly in the Agency's accounts;
(2) a financial analyst, reviewing on a daily basis the Agency's cash position to ensure that funds are earning high interest in current, call and investment accounts, as well as cash management procedures, to ensure that the Agency's funds are secure and that strong internal controls are in place to prevent loss;
(3) a liaison, collecting and analysing financial information with regard to interest rates and foreign currency movements and reporting to the Investment Committee as and when necessary.

Functions / Key Results Expected

- Manage the Agency’s financial holdings to ensure strict compliance with the Agency’s relevant policies and procedures.
- Execute the related investments and foreign currency transactions with established partners.
- Manage relationships with banking and other treasury related partners.
- Support the work the Agency’s Investment Committee as its Secretary.
- Collaborate with internal stakeholders to ensure that treasury management operations contribute to the efficient and effective delivery of the Agency’s mandate.
- Provide support to internal and external auditors on matters related to treasury management.

Competencies and Expertise

Core Competencies

Functional Competencies

Required Expertise

Qualifications, Experience and Language skills

• Bachelor's Degree (preferably an advanced degree) in accounting, finance or business administration.
• A minimum of 5 years of relevant experience including in cash management/investments/foreign exchange, banking, finance and accounting, at least 2 years of which are at the international level.
• Excellent oral and written command of English. Knowledge of other official IAEA languages (Arabic, Chinese, French, Russian and Spanish) is an asset.

Remuneration

The IAEA offers an attractive remuneration package including a tax-free annual net base salary starting at US $60962 (subject to mandatory deductions for pension contributions and health insurance), a variable post adjustment which currently amounts to US $ 24324, dependency benefits, rental subsidy, education grant, relocation and repatriation expenses; 6 weeks' annual vacation, home leave, pension plan and health insurance

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Applications from qualified women and candidates from developing countries are encouraged

Applicants should be aware that IAEA staff members are international civil servants and may not accept instructions from any other authority. The IAEA is committed to applying the highest ethical standards in carrying out its mandate. As part of the United Nations common system, the IAEA subscribes to the following core ethical standards (or values)\: Integrity, Professionalism and Respect for diversity. Staff members may be assigned to any location. The IAEA retains the discretion not to make any appointment to this vacancy, to make an appointment at a lower grade or with a different contract type, or to make an appointment with a modified job description or for shorter duration than indicated above. Testing may be part of the recruitment process
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