JOB DETAILS:

United Nations Development Programme Finance Associate Bahrain UNDP Jobs 2024

United Nations Development Programme looking for “Finance Associate”. Applicants with a Secondary School Diploma may apply on or before 18-Jul-24.

The United Nations Development Programme has published a job vacancy announcement on 03/07/2024 for qualified applicants to fill in the vacant post of Finance Associate to be based in Manama , Bahrain. For more jobs, please visit https://unjoblink.org

Company Name: United Nations Development Programme

Job Title: Finance Associate

Duty Station: Manama , Bahrain

Country: Bahrain

Application Deadline: 18-Jul-24

Responsibilities:

• Ensure CO financial processes, financial records and reports, and audit follow-up comply with UNDP Programme and Operations Policies and Procedures (POPP). Implement effective internal control framework.
• Support office management in preparing and reviewing CO finance business processes mapping and elaboration of the content of internal standard operating procedures in finance in consultation with the direct supervisor and office management.
• Provide input for implementation of cost-saving and reduction strategies in consultation with the office management.
• Maintain financing and trust fund agreements, follow up on contributions with the respective project teams (the project team should be contacting the donor) within the CO resource mobilization efforts.
• Routinely monitor financial exception reports for unusual activities and/or transactions; and investigate anomalies or unusual transactions. Inform senior CO management and other UNDP staff at Headquarters of the results of the investigation when satisfactory answers are not obtained.
• Act as access rights initiator for ERP system and as mail/shipments handling officer (POUCH) for incoming/outgoing items to/from HQ and other UN agencies.

2) Support administration of budgets of CO management projects, clearance of budgets for development projects, and functioning of an optimal cost-recovery system.

•  Provide researched information for planning and status of financial resources of the CO.
• Prepare and modify budgets for UNDP management projects, follow-up with HQ on authorized spending limits (ASL) for management projects.
• Assist in the preparation of required budget revisions (ensuring multiyear budget revision) within the unit at required period and timely securing of ASLs; and ensure detailed record keeping of funds released for projects as well as monthly ASL reporting for non-core/ GEF projects.
• Prepare timely cost-recovery/DPC bills in ERP for the services provided by UNDP, implement the revenue tracking system, and follow up on cost recovery.

3) Provide accounting and administrative support to the Finance unit.

• Support proper control of the supporting documents for payments invoices and proper document management including systematic archiving.
• Prepare financial reports for projects and management funds/budget balance; and prepare all types of invoices.
• Maintain the internal expenditures control system which ensures that invoices processed are matched and completed, transactions are correctly recorded and posted in ERP, travel claims and other entitlements are duly processed.
• Prepare cheques for settlement.
• Coordinate and review allocated General Ledger and sub-ledger accounts and support timely project closure.
• Take timely corrective actions on erroneous data in ERP and on unposted invoices, including the invoices with validation errors, match exceptions, and/or unapproved invoices.  Prepare financial reports as required. Provide timely response to HQ requests to resolve financial data issues.
• Maintain the Accounts Receivables for UNDP projects, including application of deposits against pending items and follow-up with partners on contributions.
• Ensure timely recording, reconciliation, and submission of VAT claims with relevant TAX authority and following up on VAT reimbursements.
• Monitor Finance dashboards and report on any variances.

4)  Ensure proper CO cash and Treasury management functioning.

• Timely review of cash position for local accounts to ensure sufficient funds for disbursements and maintain liquidity level approved by Treasury. Identify and record receipts and create deposits for revenue application on a timely basis.
• Identify and record contributions by relevant parties.
• Full control over internet banking system and acting as a primary point of contact with local bank management on routine operational matters.
• Prepare timely and accurate bank reconciliations and provide documentation to GSSC according to service level agreement. Initiate bank transfers and deals in ERP.
• Timely preparation of monthly cashflow forecast to ensure sufficient cash balance in local bank account. Liaise with participating UN Agencies to obtain disbursement estimate of their cash requirement.
• Act as cashier for cash disbursements made on site.

5) Ensure facilitation of knowledge building and knowledge sharing in the CO.

• Assist in organizing training for the operations/ projects staff on finance, audit and compliance matters, and implementation of Internal Control Framework (ICF).
• Synthesize lessons learned and best practices in financial management.
• Provide sound contributions to knowledge networks and communities of practice.
• The incumbent performs other duties within their functional profile as deemed necessary for the efficient functioning of the Office and the Organization