Manager, Financial Reporting

New York City

Background

The Office of Financial Resources Management (OFRM), Bureau of Management supports UNDP in the promotion of its sustainable human development agenda. It achieves this by developing and making fully operational a dynamic and harmonized integrated resource management framework.

The Financial Performance Management and Reporting Division provides financial performance management framework and tools, accounting and financial services. Within the Financial Performance Management and Reporting Division, the Financial Reporting and Agencies (FRA) promotes clear accountability for financial transactions and produces corporate financial statements.

In order to enhance efficiency and transparency of business processes to ensure more relevant and frequent delivery of financial statements for an earlier statutory audit, UNDP has implemented the Oracle Hyperion software with advanced Web technology to automate preparation of financial statements. This allows rapid consolidation and reporting of financial results, delivery confidence in numbers, and provides an automated audit trail for external audit.

The Manager, Financial Reporting and Agencies (FRA), plays a strategic role in the application of IPSAS. He/she ensures the overall integrity of UNDP’s financial data, leads the preparation of the UNDP financial statements and statutory reports, and undertakes monitoring in support of OFRM’s responsibility for corporate oversight. As business owner of the G/L, the revenue recognition, record to report and master data management business processes, he/she oversees the global accounting and reconciliation processes, including interfunds with UN Agency clients. He/she also defends management position during the external audit process, using specialized and technical knowledge and understanding of audit assertions.


Duties and Responsibilities

Under the overall supervision and guidance of the Chief Financial Performance Management and Reporting Division, the Manager oversees the global quarterly financial closure and financial statements preparation processes and provides guidance and direction to the UNDP financial community on accounting policies and procedures. The Manager also participates and may represent UNDP in various UN inter-agency task forces and committees on accounting/financial matters.

The Manager has primary responsible for the overall integrity of the financial data in UNDP’s ERP system, which consists of the general ledger and related modules and sub-ledgers. The Manager ensures that adequacy of internal controls to support the accurate recording of financial transactions.

The Manager also undertakes a variety of financial analysis to respond to UNDP senior management’s requirements for financial information.

  • Manage the preparation of UNDP and UNCDF corporate financial statements and other special purpose statements in accordance with UNDP and UNCDF financial regulations and rules and accounting policies. This includes (1) overseeing the preparation of working papers to confirm the accuracy of the account balances (2) responding to queries/requests from the Board of Audit on the financial statements.
  • Oversee the timely monthly and quarterly closures of the accounts. This includes (1) ensuring that adequateinternal controls are in place to support the accurate recording of financial transactions (1) coordinating the overall analysis of account balances, a task that is the responsibility of various UNDP offices; (2) ensuring that all steps are completed on a timely basis, working closely with the other OFRM units, Global Shared Services, Information Management, and the broader finance user community; (3) providing regular updates to the finance community on the status of the closure process; & 5) preparation of quarterly IPSAS financial information management report(s) with variance analysis for any signification movement in account balances.
  • Oversee the interfaces between the modules, sub-ledgers (including commitment control) and the general ledger. This includes working closely, in particular, with Innovation and Solutions (OFRM), Finance Business Partners (OFRM), Global Shared Services and Information Management teams to ensure that regular reconciliations are done, issues are promptly followed-up and balances in all modules are accurate
  • Oversee the trust fund accounts and maintain corporate trust fund agreements and related records. This includes account analysis and preparation of trust fund financial statements, where necessary.
  • Responsible for implementing and monitoring effective accounting processes for transactions relating to Agency services, and ensuring that issues are escalated to the Chief, FPMR, as appropriate.
  • Participate in other strategic initiatives within the Office of Financial Resources Management 

Impact of Results

The quality of service of the Manager of FRA will have a direct impact on the effectiveness and compliance with UNDP’s Financial Regulations and Regulations, policies and procedures as well as internal controls. Furthermore it will have a direct impact on an effective support being provided to country offices, compliance with IPSAS, effective and efficient streamlined policies and procedures implemented as per best practices, Executive Board decisions relating to financial resource management as well as unqualified audit reports.

Competencies - Core

Innovation

  • Ability to make new and useful ideas work

Leadership

  • Ability to persuade others to follow

People Management

  • Ability to improve performance and satisfaction

Communication

  • Ability to listen, adapt, persuade and transform

Delivery

  • Ability to get things done

Technical/Functional - Primary

Accounting (General)

  • Knowledge of accounting concepts, principles, regulations, and policies and ability to apply to strategic and/or practical situations
  • Financial Reporting and Analysis
  • Ability to evaluate financial data, derive relevant findings and present them in a meaningful manner
  • Purchase-to-Pay
  • Knowledge of purchase-to-pay cycles, concepts, principles and policies and ability to apply to strategic and/or practical situations

Audit

  • Ability to examine and verify accounts and records

Knowledge Management

  • Ability to efficiently handle and share information and knowledge

Innovative design in training manual

  • Ability to design, construct and transform information to train others

Required Skills and Experience

Education:

  • A professional accounting qualification from an internationally recognized institute of accountancy. 

Experience:

  • A minimum of 10 years of relevant work experience, of which at least 5 years should be at the managerial/professional level.
  • 2-5 years’ experience managing the preparation of complex financial statements and special purpose statements of a large multinational/UN Agency, in compliance with IPSAS or IFRS, required. 5 years’ experience as an external auditor working in an international accounting/audit firm a distinct advantage. 
  • Required experience in supervising/managing a moderate/large team to prepare Financial Statements.
  • Experience of working with ERP systems. Familiarity with module interface issues batch control. Experience of working with automated financial statement preparation systems is a distinct advantage.
  • Expertise in the formulation and interpretation of financial policies.

Language Requirements:

  • Fluency in English. Working knowledge of another UN language is an advantage, particularly Spanish or French


Disclaimer

Important information for US Permanent Residents ('Green Card' holders)

Under US immigration law, acceptance of a staff position with UNDP, an international organization, may have significant implications for US Permanent Residents. UNDP advises applicants for all professional level posts that they must relinquish their US Permanent Resident status and accept a G-4 visa, or have submitted a valid application for US citizenship prior to commencement of employment. For more information please click here and here.

UNDP is not in a position to provide advice or assistance on applying for US citizenship and therefore applicants are advised to seek the advice of competent immigration lawyers regarding any applications.

Applicant information about UNDP rosters

Note: UNDP reserves the right to select one or more candidates from this vacancy announcement. We may also retain applications and consider candidates applying to this post for other similar positions with UNDP at the same grade level and with similar job description, experience and educational requirements.

Workforce diversity

UNDP is committed to achieving diversity within its workforce, and encourages all qualified applicants, irrespective of gender, nationality, disabilities, sexual orientation, culture, religious and ethnic backgrounds to apply. All applications will be treated in the strictest confidence.

Scam warning

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To learn more about UNDP’s remuneration system please visit https://info.undp.org/gssu/onlinetools/SalCalcInt/SalCalcInt.aspx
UNDP’s salaries are calculated in US dollars. They consist of a base salary and a post adjustment, which reflects the cost of living in a particular duty station and exchange rates. Other benefits include: 30 days annual leave, home travel, education grant for dependent children, pension plan and medical insurance.

 

Before applying, please make sure that you have read the requirements for the position and that you qualify.
Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.
Apply
  • Organization: UNDP - United Nations Development Programme
  • Location: New York City
  • Grade: P-5, International Professional
  • Occupational Groups:
    • Communication
    • Communication
    • Accounting (Audit, Controlling)
    • Finance and Banking
    • Finance and Banking
    • Finance and Banking
    • Management, Administration and Finance
    • Management, Administration and Finance
    • Management, Administration and Finance
  • Closing Date: 2016-11-30

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