UNOPS

Risk Specialist - Planning & Reporting

To apply for this job to your existing account or an account for free.
Last update: Jun 10, 2024 Last update: Jun 10, 2024

Details

Deadline: Jun 23, 2024
Location: Denmark
Organization: UNOPS
Job type:Contract, 12 months +
Languages:
English English
Work experience:Min 5 years
Date posted: Jun 6, 2024

Attachments

No documents to display

Description

Dutystation: Copenhagen, Denmark

 

Functional responsibilities

 

1. POLICY IMPLEMENTATIONS AND COMPLIANCE
2. FINANCIAL INVESTMENTS AND OVERSIGHT
3. CAPACITY BUILDING / SYSTEM IMPROVEMENT


1. POLICY IMPLEMENTATIONS AND COMPLIANCE

  • Maintain and develop IPSAS compliant accounting guidance and financial procedures

  • Develop and maintain financial reporting standards compliant to IPSAS standards

  • Support development of IPSAS compliant financial statements and management reports

  • Implement and operationalize new IPSAS standards and updates made to current standards and collaborate with related business process owners and IT Group for implementation of necessary measures

  • Analyze IPSAS exposure drafts and published standards, assess impact on business processes and ERP systems, recommend appropriate course of action

  • Coordinate comments on exposure drafts and other papers issued by IPSASB

  • Review existing and new business processes for compliance to IPSAS and coordinate with process owners for necessary improvements

  • Reviews new business processes for compliance to IPSAS and advise necessary recommendations to the relevant business policy owners for necessary recommendations

  • Actively monitor and implement changes in accounting standards and regulatory requirements and offers good change management practices when required

  • Liaise with external auditors on audit queries related to accounting and reporting and compliance to accounting standards and UNOPS Financial Rules and Regulations

2. FINANCIAL INVESTMENTS AND OVERSIGHT

  • Update and maintain policy documents on financial reporting and recording of corporate financial investments

  • Exercise periodic monitoring over transactions and account balances to ensure recording and reporting in accordance with UNOPS Financial Rules and Regulations and IPSAS policies on financial instruments and other applicable Organizational Directives and Operational Instructions.

  • Review and assess agreements for financial instruments and equity deals and devise accounting treatments in compliance to IPSAS and UNOPS Financial Rules and Regulations

  • Provide specialist support in establishing necessary processes for derivatives valuations, hedge accounting and application of impairment models

  • Take a proactive approach in identifying issues related to data quality and liaise with related parties in the organization to ensure timely and necessary corrections.

  • Maintain a log of issues identified, analyze data and draw a holistic action plan to improve processes and establish necessary controls based on lessons learned.

  • Contribute to developing and maintaining a strong control environment around financial reporting and the integrity of data used for preparation of corporate financial statements

3. CAPACITY BUILDING / SYSTEM IMPROVEMENT

  • Develop training materials and guidance on relevant IPSAS standards

  • Conduct, webex and virtual trainings to relevant personnel and business community

  • Develop IPSAS awareness informative contents for internal communication

  • Become a subject matter expert for the Corporate Financial Reporting requirements, and IPSAS standards.

  • Support business process owners in the development of training materials through a review of the contents for technical IPSAS accuracy for topics assigned

  • Collaborate and communicate with UNOPS departments in HQ and field on regular basis


Impact of Results: The key results have an impact on the overall Financial Group efficiency in financial resources management and success in introduction and implementation of operational strategies. Accurate, thoroughly researched and documented financial information, timely and appropriate delivery of services ensure client satisfaction and enhance UNOPS credibility in use of financial resources

 

Education/Experience/Language requirements


Education:

  • A Master's Degree or equivalent in Finance, Accounting, Financial Management or a related field is required.

  • A first-level university degree (Bachelor's or equivalent) in combination with additional 2 years of qualifying experience may be accepted in lieu of a Master's degree.

  • Professional certification in accounting (CA, CPA, ACCA, ACA, etc.) or equivalent is required


Experience:

  • Minimum 5 years of relevant working experience within an international environment in the areas of financial reporting, audit and accounting

  • A thorough knowledge of International Public Sector Accounting Standards (IPSAS) or International Financial Reporting Standards (IFRS) is required.

  • Experience in areas of Financial Instruments and specialized knowledge in financial instruments (IPSAS 41, IFRS 9) and their practical application is considered as a strong asset

  • Demonstrated experience in interpretation of international accounting standards and preparation of financial statements is required.


Language Requirements

  • Full working knowledge of English.

  • Knowledge of another official UN language is an asset.