Job Title: Accountant, P3
Department/ Office: United Nations Joint Staff Pension Fund
Duty Station: NEW YORK
Posting Period: 4 April 2012-3 June 2012
Job Opening number: 12-FIN-UNJSPF-23299-R-NEW YORK (O)
This post is located in the Investment Management Division (IMD) of the United Nations Joint Staff Pension Fund (UNJSPF). The incumbent reports to the Chief of Operations.
Responsibilities
Within delegated authority, the incumbent will be responsible for the day-to-day management of the Cash Management & Reconciliation Unit of the Operations Section at IMD. This involves (a) supervising and overseeing the daily reconciliation of the investments and income of the Fund, and (b) supervising and overseeing the cash management operations of the Fund's investments.
Reconciliation:
- Coordinates the daily reconciliation of the investments of the Fund including cash, holdings and income received by analysing and reviewing all daily exceptions and allocating them to the Finance Assistant s for investigation;
- Monitors and follows-up on unresolved issues that are 2 days old or older providing guidance and assistance with the resolution of more complex exceptions;
- Reviews and approves reconciling adjustments prepared by the Finance Assistant s;
- Supervises the review of custodians and independent master record keeper's reconciliations, ensuring that deadlines are met;
- Oversees the maintenance of IMD's internal back-office and reconciliations system with the assistance of IMD's Information Systems Section.
- Oversees the claims process establishing procedures and timelines to be followed and approves any compensation claims as a result thereof;
- Defines and establishes reconciliation procedures to be followed, working with other sections of IMD to ensure cooperation, and prepares and updates relevant procedures manuals;
- Monitors corporate action processing by ensuring that investment managers communicate their decisions to custodians within the required timeframe and that custodians act in accordance with instructions received;
- Monitors the performance of custodians and the master record keeper and ensures that they meet their contractual obligations.
Cash Management :
- Ensures accurate and timely submission of daily cash projection reports in order to avoid overdrafts;
- Supervises multi-currency trade settlement activities in order to avoid trade fails;
- Monitors exceptions in the trade settlement process, investigates recurring problems and recommends long-term solutions
- Manages data maintenance in critical back office systems (SWIFT, backoffice reconciliation and cash management systems), developing procedures to ensure data integrity and reliability of settlement instructions.
- Reviews and approves daily transactions and high value cash movements, and authorizes the opening and closing of account codes;
- Defines and establishes cash management procedures to be followed, and prepares relevant procedures manuals;
Others:
- Evaluates the capabilities of back-office cash management and reconciliation systems and implements workflow improvements;
- Ensures compliance to proper internal controls, including the proper configuration of back-office systems and verification that adequate security controls are in place to comply with the financial rules and regulations;
- Provides information needed to respond to audit findings and drafts responses to audit observations and implement recommendations thereof in the area of cash management and reconciliation;
- Participates in the development of strategic framework for the Operations Section;
- Provides back-up and support to the Chief of Operations in all administrative areas of the Operations Section including procurement, recruitment, technical and due diligence evaluations and budget preparation.
- Keeps abreast with developments in the industry, especially back-office investment and reconciliation systems;
- Performs other related duties as required.
Competencies
-Professionalism:
• Knowledge of operations, procedures and standards, including cash management operations.
• Ability to apply conceptual, analytical and evaluative skills in cash management and investment operations.
• Ability to conduct independent research and analysis, identify issues, formulate options and make conclusions and recommendations.
• Shows pride in work and in achievements;
• demonstrates professional competence and mastery of subject matter;
• is conscientious and efficient in meeting commitments, observing deadlines and achieving results;
• is motivated by professional rather than personal concerns;
• shows persistence when faced with difficult problems or challenges;
• remains calm in stressful situations.
• Takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work.
-Teamwork:
• Works collaboratively with colleagues to achieve organizational goals;
• solicits input by genuinely valuing others' ideas and expertise;
• is willing to learn from others;
• places team agenda before personal agenda;
• supports and acts in accordance with final group decision, even when such decisions may not entirely reflect own position;
• shares credit for team accomplishments and accepts joint responsibility for team shortcomings.
-Planning & Organizing:
• Develops clear goals that are consistent with agreed strategies;
• identifies priority activities and assignments;
• adjusts priorities as required;
• allocates appropriate amount of time and resources for completing work;
• foresees risks and allows for contingencies when planning; monitors and adjusts plans and actions as necessary;
• uses time efficiently.
Education
• Advanced university degree (Master's degree or equivalent) in business administration, finance, accounting or related field.
• A first-level university degree in combination with qualifying experience may be accepted in lieu of the advanced university degree.
• Certification as a Certified Public Accountant (CPA), Chartered Accountant (CA) or equivalent is desirable.
Work Experience
• A minimum of five years of progressively responsible professional experience in accounting, finance and/or investment operations is required.
• Experience in investment accounting and IPSAS knowledge and experience would be an advantage.
• Knowledge of investments and financial markets is highly desirable.
• Ability to utilize SWIFT or similar secure payments system is highly desirable.
• Solid computer skills, including proficiency in word processing, spreadsheet and database applications are required.
Languages
English and French are the working languages of the United Nations Secretariat. For the post advertised, proficiency in oral and written English is required. Knowledge of another UN official language is an advantage
Assessment Method
Competency based interviews.
Special Notice
Priority consideration for vacancies at the P3 level will be given to internal candidates and candidates who have passed a competitive examination.
Any candidate from a member organization of the UNJSPF applying for this post is considered as an internal candidate provided he/she has been appointed through the appointment and promoting procedures applicable in his/her respective organization.
Appointment at the United Nations is subject to mandatory adherence to the United Nations Financial Disclosure Programme. An appointment to the Investment Management Division (IMD) of the UNJSPF additionally requires compliance with the rules and regulations pertaining to IMD's Code of Ethics, Personal Securities, Gift and Hospitality policies.
United Nations Considerations
The United Nations shall place no restrictions on the eligibility of men and women to participate in any capacity and under conditions of equality in its principal and subsidiary organs. (Charter of the United Nations - Chapter 3, article 8). The United Nations Secretariat is a non-smoking environment.
No Fee
THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, OR TRAINING). THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON APPLICANTS' BANK ACCOUNTS.
Click Here to Apply
Closing Date: Sunday, 03 June 2012
Department/ Office: United Nations Joint Staff Pension Fund
Duty Station: NEW YORK
Posting Period: 4 April 2012-3 June 2012
Job Opening number: 12-FIN-UNJSPF-23299-R-NEW YORK (O)
This post is located in the Investment Management Division (IMD) of the United Nations Joint Staff Pension Fund (UNJSPF). The incumbent reports to the Chief of Operations.
Responsibilities
Within delegated authority, the incumbent will be responsible for the day-to-day management of the Cash Management & Reconciliation Unit of the Operations Section at IMD. This involves (a) supervising and overseeing the daily reconciliation of the investments and income of the Fund, and (b) supervising and overseeing the cash management operations of the Fund's investments.
Reconciliation:
- Coordinates the daily reconciliation of the investments of the Fund including cash, holdings and income received by analysing and reviewing all daily exceptions and allocating them to the Finance Assistant s for investigation;
- Monitors and follows-up on unresolved issues that are 2 days old or older providing guidance and assistance with the resolution of more complex exceptions;
- Reviews and approves reconciling adjustments prepared by the Finance Assistant s;
- Supervises the review of custodians and independent master record keeper's reconciliations, ensuring that deadlines are met;
- Oversees the maintenance of IMD's internal back-office and reconciliations system with the assistance of IMD's Information Systems Section.
- Oversees the claims process establishing procedures and timelines to be followed and approves any compensation claims as a result thereof;
- Defines and establishes reconciliation procedures to be followed, working with other sections of IMD to ensure cooperation, and prepares and updates relevant procedures manuals;
- Monitors corporate action processing by ensuring that investment managers communicate their decisions to custodians within the required timeframe and that custodians act in accordance with instructions received;
- Monitors the performance of custodians and the master record keeper and ensures that they meet their contractual obligations.
Cash Management :
- Ensures accurate and timely submission of daily cash projection reports in order to avoid overdrafts;
- Supervises multi-currency trade settlement activities in order to avoid trade fails;
- Monitors exceptions in the trade settlement process, investigates recurring problems and recommends long-term solutions
- Manages data maintenance in critical back office systems (SWIFT, backoffice reconciliation and cash management systems), developing procedures to ensure data integrity and reliability of settlement instructions.
- Reviews and approves daily transactions and high value cash movements, and authorizes the opening and closing of account codes;
- Defines and establishes cash management procedures to be followed, and prepares relevant procedures manuals;
Others:
- Evaluates the capabilities of back-office cash management and reconciliation systems and implements workflow improvements;
- Ensures compliance to proper internal controls, including the proper configuration of back-office systems and verification that adequate security controls are in place to comply with the financial rules and regulations;
- Provides information needed to respond to audit findings and drafts responses to audit observations and implement recommendations thereof in the area of cash management and reconciliation;
- Participates in the development of strategic framework for the Operations Section;
- Provides back-up and support to the Chief of Operations in all administrative areas of the Operations Section including procurement, recruitment, technical and due diligence evaluations and budget preparation.
- Keeps abreast with developments in the industry, especially back-office investment and reconciliation systems;
- Performs other related duties as required.
Competencies
-Professionalism:
• Knowledge of operations, procedures and standards, including cash management operations.
• Ability to apply conceptual, analytical and evaluative skills in cash management and investment operations.
• Ability to conduct independent research and analysis, identify issues, formulate options and make conclusions and recommendations.
• Shows pride in work and in achievements;
• demonstrates professional competence and mastery of subject matter;
• is conscientious and efficient in meeting commitments, observing deadlines and achieving results;
• is motivated by professional rather than personal concerns;
• shows persistence when faced with difficult problems or challenges;
• remains calm in stressful situations.
• Takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work.
-Teamwork:
• Works collaboratively with colleagues to achieve organizational goals;
• solicits input by genuinely valuing others' ideas and expertise;
• is willing to learn from others;
• places team agenda before personal agenda;
• supports and acts in accordance with final group decision, even when such decisions may not entirely reflect own position;
• shares credit for team accomplishments and accepts joint responsibility for team shortcomings.
-Planning & Organizing:
• Develops clear goals that are consistent with agreed strategies;
• identifies priority activities and assignments;
• adjusts priorities as required;
• allocates appropriate amount of time and resources for completing work;
• foresees risks and allows for contingencies when planning; monitors and adjusts plans and actions as necessary;
• uses time efficiently.
Education
• Advanced university degree (Master's degree or equivalent) in business administration, finance, accounting or related field.
• A first-level university degree in combination with qualifying experience may be accepted in lieu of the advanced university degree.
• Certification as a Certified Public Accountant (CPA), Chartered Accountant (CA) or equivalent is desirable.
Work Experience
• A minimum of five years of progressively responsible professional experience in accounting, finance and/or investment operations is required.
• Experience in investment accounting and IPSAS knowledge and experience would be an advantage.
• Knowledge of investments and financial markets is highly desirable.
• Ability to utilize SWIFT or similar secure payments system is highly desirable.
• Solid computer skills, including proficiency in word processing, spreadsheet and database applications are required.
Languages
English and French are the working languages of the United Nations Secretariat. For the post advertised, proficiency in oral and written English is required. Knowledge of another UN official language is an advantage
Assessment Method
Competency based interviews.
Special Notice
Priority consideration for vacancies at the P3 level will be given to internal candidates and candidates who have passed a competitive examination.
Any candidate from a member organization of the UNJSPF applying for this post is considered as an internal candidate provided he/she has been appointed through the appointment and promoting procedures applicable in his/her respective organization.
Appointment at the United Nations is subject to mandatory adherence to the United Nations Financial Disclosure Programme. An appointment to the Investment Management Division (IMD) of the UNJSPF additionally requires compliance with the rules and regulations pertaining to IMD's Code of Ethics, Personal Securities, Gift and Hospitality policies.
United Nations Considerations
The United Nations shall place no restrictions on the eligibility of men and women to participate in any capacity and under conditions of equality in its principal and subsidiary organs. (Charter of the United Nations - Chapter 3, article 8). The United Nations Secretariat is a non-smoking environment.
No Fee
THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, OR TRAINING). THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON APPLICANTS' BANK ACCOUNTS.
Click Here to Apply
Closing Date: Sunday, 03 June 2012
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