Financial Reporting Analyst

Copenhagen

Organization: UNOPS - United Nations Office for Project Services
Location: Copenhagen
Grade: Junior level - IICA-1, International Individual Contractors Agreement
Occupational Groups:
- Banking and Finance
- Communication and Public Information
- External Relations, Partnerships and Resource mobilization
- Documentation and Information Management
Closing Date: Closed

Background Information - FG

Finance Group

The purpose of the Finance Group is to lead and develop the organization’s finance strategy and practice. The core functions of the Finance Group are to:

a. Articulate finance policies and processes; enable operationalization and managerial oversight through appropriate systems and reports; provide corporate advice and guidance; and strengthen the knowledge, skills and career development of finance practitioners.

b. Steward the resources of the organization, ensuring cost recovery and accurate financial reporting to partners; maintain appropriate controls and integrity of financial management in accordance with relevant international standards; enable prudent management and growth of financial assets; and build an informed and shared management engagement on financial issues in support of the organization’s business strategy.

c. Identify and develop opportunities for the provision of financial management services for partners and ensure appropriate modalities for service delivery.

The Finance Group (FG) is a critical and strategic business function in UNOPS and serves as an authoritative and integrated partner in the organization on strategic financial planning and budgeting, financial policy, practices, analysis, management services and reporting, organisational treasury and investments, internal control and enterprise risk management. As the steward of resources of a self-financing UN entity, FG is accountable for processes to ensure timely cost recovery and reporting to partners, maintaining the integrity and transparency of financial management of resources in accordance with the highest standards of ethics and organisational/international accountability framework and the accurate and transparent financial reporting to governing bodies, clients, partners and stakeholders.

The Financial Reporting Analyst reports to the Financial Reporting Specialist who provides broad supervision and guidance. The Financial Reporting Analyst is responsible for efficient financial resources management and the provision of accurate, thoroughly researched and documented financial information and transparent utilization of financial resources. He/she analyzes and interprets the financial rules and regulations and provides solutions to a wide spectrum of complex financial issues. The Financial Reporting Analyst promotes a client-oriented approach consistent with UNOPS rules and regulations.

Functional Responsibilities

Corporate financial statements and audit
Financial oversight and monitoring
Capacity building / system improvement

CORPORATE FINANCIAL STATEMENTS AND AUDIT:

Preparation of quarterly and year-end corporate financial statements and notes, including consolidation of data and preparation of working files and supporting schedules for the notes to the financial statements.
Coordination and monitoring of quarterly and year-end financial closure processes.
Detailed analysis of the quarterly and year-end financial statements, including review of reconciliation submissions and account balances, to identify issues related to data quality and liaise with relevant parties to ensure timely and necessary corrections.
Provide support to the Financial Reporting Specialist during external audit visits.
Preparation of regular reports on UNOPS’ external audit recommendations for external stakeholders (Executive Board, General Assembly etc).
Maintaining log and dashboard of external audit recommendations and draw useful data for analysis.

FINANCIAL OVERSIGHT AND MONITORING:

Focal point for provisions for bad debts and write-offs, including regular monitoring and liaison with internal stakeholders to ensure accurate reporting of provisions under IPSAS
Analysis of data in General Ledger (GL) concerning different accounts
Communication with internal stakeholders on areas requiring verification, corrections, additional information, etc. to improve quality of output and/or account submission
Review of finance data in General Ledger for completeness, accuracy, and correctness of account entries in relevant areas of focus
Exercise periodic monitoring and oversight on transactions and account balances in respective areas to ensure recording and reporting is made in accordance with UNOPS Financial Rules and Regulations and other applicable Organizational Directives and Operational Instructions.
Contribute to developing and maintaining a strong control environment around financial reporting
Raise transactions in UNOPS ERP as and needed
Ad-hoc tasks as assigned.

CAPACITY BUILDING / SYSTEM IMPROVEMENT:

Contribute to the development of innovative solutions to optimize financial processes and reduce manual work, coordinating with ICT as required.
Review and update process documentation and and relevant areas in UNOPS’ knowledge management system (PQMS).
Maintain a log of issues identified, analyze data based on lessons learned.
Become a subject matter expert on IPSAS and Financial Reporting requirements in the UNOPS ERP system (OneUNOPS).
Preparation of training materials and training sessions to Finance practice members.

Competencies

Treats all individuals with respect; responds sensitively to differences and encourages others to do the same. Upholds organizational and ethical norms. Maintains high standards of trustworthiness. Role model for diversity and inclusion.

Acts as a positive role model contributing to the team spirit. Collaborates and supports the development of others.

Demonstrates understanding of the impact of own role on all partners and always puts the end beneficiary first. Builds and maintains strong external relationships and is a competent partner for others (if relevant to the role).

Efficiently establishes an appropriate course of action for self and/or others to accomplish a goal. Actions lead to total task accomplishment through concern for quality in all areas. Sees opportunities and takes the initiative to act on them. Understands that responsible use of resources maximizes our impact on our beneficiaries.

Open to change and flexible in a fast paced environment. Effectively adapts own approach to suit changing circumstances or requirements. Reflects on experiences and modifies own behavior. Performance is consistent, even under pressure. Always pursues continuous improvements.

Evaluates data and courses of action to reach logical, pragmatic decisions. Takes an unbiased, rational approach with calculated risks. Applies innovation and creativity to problem-solving.

Expresses ideas or facts in a clear, concise and open manner. Communication indicates a consideration for the feelings and needs of others. Actively listens and proactively shares knowledge. Handles conflict effectively, by overcoming differences of opinion and finding common ground.

Education/Experience/Language requirements

Education:

Advanced university degree (Master’s degree or equivalent) in finance, accounting, and business administration is required.
A first-level university degree in combination with additional 2 years of qualifying experience may be accepted in lieu of the advances university degree.
Professional certification in accounting (CA, CPA, ACCA, ACA, CIMA, etc.), audit (CIA) or equivalent desirable and considered an asset.
A thorough knowledge of International Public Sector Accounting Standards (IPSAS) or International Financial Reporting Standards (IFRS) is considered an asset.

Experience:

Minimum 2 years of relevant working experience within an international environment in the areas of audit, accounting and/or financial reporting.

Experience within the UN system and UNOPS Financial Reporting is an advantage.
A thorough knowledge of International Public Sector Accounting Standards (IPSAS) or International Financial Reporting Standards (IFRS) is considered an asset.
Knowledge of, and experience with Google Workspace (Docs, Slides and Sheets) is an asset.

Language Requirements:

Full working knowledge of English.
Knowledge of another official UN language is an asset.

Contract type, level and duration

Contract type: ICA Contract level: I-ICA 1
Contract duration: Open-ended, subject to organizational requirements, availability of funds and satisfactory performance.

For more details about the ICA contractual modality, please follow this link:
https://www.unops.org/english/Opportunities/job-opportunities/what-we-offer/Pages/Individual-Contractor-Agreements.aspx

Additional Considerations

Please note that the closing date is midnight Copenhagen time
Applications received after the closing date will not be considered.
Only those candidates that are short-listed for interviews will be notified.
Qualified female candidates are strongly encouraged to apply.
UNOPS seeks to reasonably accommodate candidates with special needs, upon request.
Work life harmonization - UNOPS values its people and recognizes the importance of balancing professional and personal demands. We have a progressive policy on work-life harmonization and offer several flexible working options. This policy applies to UNOPS personnel on all contract types
For staff positions only, UNOPS reserves the right to appoint a candidate at a lower level than the advertised level of the post
For retainer contracts, you must complete a few Mandatory Courses (around 4 hours) in your own time, before providing services to UNOPS.
The incumbent is responsible to abide by security policies, administrative instructions, plans and procedures of the UN Security Management System and that of UNOPS.

It is the policy of UNOPS to conduct background checks on all potential recruits/interns. Recruitment/internship in UNOPS is contingent on the results of such checks.

Background Information - UNOPS

UNOPS is an operational arm of the United Nations, supporting the successful implementation of its partners’ peacebuilding, humanitarian and development projects around the world. Our mission is to help people build better lives and countries achieve sustainable development.

UNOPS areas of expertise cover infrastructure, procurement, project management, financial management and human resources.

Working with us

UNOPS offers short- and long-term work opportunities in diverse and challenging environments across the globe. We are looking for creative, results-focused professionals with skills in a range of disciplines.

Diversity

With over 4,000 UNOPS personnel and approximately 7,000 personnel recruited on behalf of UNOPS partners spread across 80 countries, our workforce represents a wide range of nationalities and cultures. We promote a balanced, diverse workforce — a strength that helps us better understand and address our partners’ needs, and continually strive to improve our gender balance through initiatives and policies that encourage recruitment of qualified female candidates.

Work life harmonization

UNOPS values its people and recognizes the importance of balancing professional and personal demands.

This vacancy is now closed.
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