Finance Associate job at UN Women
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Vacancy title:
Finance Associate

[ Type: FULL TIME , Industry: Nonprofit, and NGO , Category: Accounting & Finance ]

Jobs at:

UN Women

Deadline of this Job:
31 May 2022  

Duty Station:
Within Kenya , Nairobi , East Africa

Date Posted: Tuesday, May 17, 2022 , Base Salary: Not Disclosed

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Finance Associate
Duties and Responsibilities
Implement financial strategies, and adapt processes and procedures in full compliance of UN Women rules, regulations, policies, and recording and reporting systems
• Perform duties in full compliance with UN Women financial regulations and rules, policies and standard operating procedures, including internal controls;
• Keep abreast of and ensure full compliance with amendments to International Public Sector Accounting Standards (IPSAS);
• Review and verify financial transactions, activities, and documentation; taking corrective actions as needed and reporting any unusual activities;
• Monitor financial exceptions reports for unusual activities or transaction, investigate anomalies and report to the supervisor conclusions and/or present recommendations for actions/decisions;
• Collect, verify and present information and data for use in the planning of financial resources and the formulation of the Regional Office (RO) programme work plans, budgets, proposals on implementation arrangements and execution modalities;
• Monitor the proper functioning of the financial resources management system for office and programmatic budgets and resources;
• Review with Budget owners and Project Managers, in line with Month-end Closure Checklist, the Project Delivery Status Reports and investigate any overspend;
• Respond to instructions from the Finance Specialist in relation to financial transactions. Undertake timely corrective actions as requested by Finance Section to resolve financial data issues or provide information;
• Participate as a member of the Regional office team in the internal and external audits of the Regional Office or Country Offices in the region
• Follow-up on audit recommendations to monitor implementation of corrective actions;
• Actively promote a client-oriented finance service to Regional office and Country offices.

Provide finance support in the administration of RO budgets, in full compliance of UN Women rules, regulations, policies, and recording and reporting systems
• Prepare budget revisions according to the needs of the RO;
• Track the appropriate and timely use of financial resources;
• Prepare cost recovery documents or bills for the services provided by UN Women to other programmes or organizations;
• Create projects in Atlas, prepare budget revisions, revise project awards and status; and determine unutilized funds
• Ensure the maintenance of the control mechanism for development projects through monitoring budgets preparation and modifications and budgetary status;
• Undertake corrective actions on un-posted vouchers, including vouchers with budget check errors, match exceptions and unapproved vouchers. Frequently review and investigate payment vouchers which are in error; and respond to RO requests to resolve financial data issues;
• Prepare VAT reimbursements with adequate documentation support, as necessary;
• Input data in Atlas and monitor status. Keep stakeholders and clients informed for timely action and/or decisions;
• Assist Project Managers with budget re-phrasal as required.

Provide finance support to the Programme and Operations teams
• Review accounts receivables for UN Women projects and follow-up with project managers and finance section at regional office and/or headquarters on contributions, deposits creation in Atlas and their application to AR pending items;
• Prepare PO and non-PO vouchers for development projects;
• Prepare General Ledger journal entries (GLJEs) from proper supporting documents authorized by the budget owners and project managers;
• Review transactions in Atlas, ensure payroll, travel claims, MPOs, and other entitlements are processed;
• Monitor the setup of budgets in ATLAS to ensure they are in accordance with budgets agreed with donors and are input into ATLAS at the detailed Activity ID level;
• Monitor each month over-expenditure of budgets and follow up with Budget Owner;
• Monitor regularly transactions posted to projects ensuring actual expenditure has been recorded against correct budget category and activity, take timely corrective actions as required;
• Maintain proper follow up of advances to implementing partners, review their financial reports together with project managers;
• Monitor the financial status and under the guidance of the RO Finance Specialist implement control mechanisms for management/development projects;
• Monitor and proper follow up of all the financial items in Month-end and Year-end closure instructions status and under the guidance of the RO Finance Specialist , take correction actions as required;
• Keep stakeholders and clients informed for timely actions/decisions and review status reports for quality control;
• Provide information inputs to financial reports for Regional Office, HQ Finance and stakeholders;
• Provide inputs and take necessary actions to facilitate timely financial project closure.

Provide administrative support to Resource Mobilization
• Compile and process information from donors, CO, and programme team, as inputs to various databases and documents.
• Prepare drafts for cost sharing agreements including conditions of contributions within resource mobilization efforts, adhering to standard agreements where possible. Follow up on contributions within the CO resource mobilization efforts.

Facilitate knowledge building and knowledge sharing
• Conduct training and/or helping organize training events and activities;
• Collect and compile lessons learned and best practices in financial management and services. Disseminate to clients and stakeholders as appropriate to build capacity and knowledge;
• Contribute to financial business operational practices and management innovations.
• Supervise and guide staff and personnel under responsibility, as applicable, provide technical guidance and monitor performance to ensure delivery of results according to plans and standards of accountability and performance;
• Undertake all trainings in relation to financial management provided, including webinars from headquarters.

Key Performance Indicators
• Timely, complete and accurate financial transactions/activities/documentation
• Timely and accurate advice on UN Women financial rules and regulations
• Timely and regular monitoring of financial resources management system and timely expenditure of financial resources
• Timely and accurate support to budget formulation and controlling allotments
• Timely and accurate monitoring of internal expenditures control systems
• Timely and quality financial support to programmes and programme team

Core Values:
• Respect for Diversity
• Integrity
• Professionalism

Core Competencies:
• Awareness and Sensitivity Regarding Gender Issues
• Accountability
• Creative Problem Solving
• Effective Communication
• Inclusive Collaboration
• Stakeholder Engagement
• Leading by Example

Functional Competencies
• Excellent knowledge of financial rules and regulations and accounting principles;
• Excellent knowledge and application skills of IT tools and understanding of management systems;
• Excellent knowledge of spreadsheet and database packages;
• Ability to provide input to business processes re-engineering, implementation of new systems;
• Ability to administer and execute financial and accounting processes and transactions.

Required Skills and Experience
Education and certification:
• Completion of secondary education is required.
• Specialized national or international certification in accounting and finance is an asset
• Bachelor's degree in Finance or Accounting is an asset
• Successful completion of UN Women Accounting and Finance Test is required.

• At least 7 years of progressively responsible experience in finance;
• Experience in the usage of computers and office software packages (MS Word, Excel, etc) and spreadsheet and database packages, experience in handling of web based management systems.
• Experience in the use of PeopleSoft ATLAS is an asset.

Language Requirements:
• Fluency in English is required
• Knowledge of the other UN official working language is an asset.

Work Hours: 8

Experience in Months: 60

Level of Education:
Bachelor Degree

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Job Info
Job Category: Accounting/ Finance jobs in Kenya
Job Type: Full-time
Deadline of this Job: 31 May 2022
Duty Station: Nairobi
Posted: 19-05-2022
No of Jobs: 1
Start Publishing: 19-05-2022
Stop Publishing (Put date of 2030): 19-05-2056
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