Overview
The Treasury Officer, CO Cash Management is responsible for providing analytical support in the modelling and formulation of Country Office imprest cash levels, conducting compliance oversight, and providing policy guidance. The role aims to enable Country Offices to have adequate local and hard currency balances to optimally meet operational needs.
Key Responsibilities
- Establishes financial models to help Country Offices forecasting and establishing imprest balances.
- Oversees and establishes an efficient process for Direct Replenishment requests.
- Collaborates with the Investment Specialist to provide adequate funding to Country Offices through the FX Optimization program.
- Actively monitors cash receipts in Country Offices and repatriates excess funds to HQ.
- Conducts periodic analysis of efficiency gained through the FX Optimization program.
- Provides Treasury support in reviewing the TOR and RFP process for banking partner selection.
- Monitors early warning of Bank failure, systemic risk, and evolving crisis impacting CO banking operations.
- Oversees bank account opening and closing processes and ensures compliance.
- Maintains, reviews, and periodically monitors CO banking agreements.
- Oversees bank signatory updates processed by COs.
- Establishes benchmark, oversees and monitors incoming requests for service delivery to Country Offices.
- Collaborates with internal teams to review SharePoint templates and enhance/automate routine processes.
- Supports enhancement of Quantum (Oracle ERP)/FIS report for Banking and Cash management support.
- Monitors country office compliance with the Internal Control Framework, cash management procedures and policies.
- Establishes proactive measures and controls to ensure compliance by Country Offices.
- Establishes an early warning system to identify CO cash risk.
- Reviews requests and monitors local investments where authorised.
- Establishes enhanced reporting tools and a dashboard for CO cash and liquidity visibility.
- Produces periodic review of each country office and Bureau with an assessment of cash management and banking area.
- Provides operational backup and cross-coverage to Treasury Specialist and Treasury Associates.
- Identifies opportunities to improve operational efficiency, data usage, and workflow effectiveness.
- Synthesizes lessons learned and best practices in Finance.
- Provides sound contributions to knowledge networks and communities of practice.
Required Experience
- Minimum of two (2) years (with master’s degree) or four (4) years (with Bachelor degree) of relevant experience in corporate treasury, FX operations, banking, or financial analytics.
- Experience with ERP financial systems (e.g., Oracle) is required.
- Experience and understanding of banking, cash management, global payments system is required.
- Advanced proficiency in Excel, BI and database packages is required.
- Experience in strong quantitative and analyticals, with experience in financial modeling, forecasting, and variance analysis is required.
- Proven track record of sound knowledge of IPSAS, IFRS and/or GAAP is required.
- Demonstrated interest in AI, digital transformation, and process automation. Eager to explore and apply new technologies is required.
- Experience as a collaborative team player with flexibility to work across global time zones is required.
- Prior experience in organisation with global financial operations is desirable.
- Hands-on experience with Treasury Management Systems (TMS), including transaction processing, reporting, or system administration is desirable.
- Demonstrated experience in cash management, including liquidity management, forecasting, and reconciliation activities is desirable.
- Proven ability to serve and communicate effectively with clients from diverse and multicultural backgrounds, demonstrating cultural sensitivity and adaptability is desirable.
Qualifications
- Advanced university degree (master’s degree or equivalent) in Finance, Business Administration, International Economics, or a directly related field is required.
- A first-level university degree (bachelor’s degree) in the areas stated above in combination with an additional two years of qualifying experience will be given due consideration in lieu of the advanced university degree.
- Specialized certification in Accounting, Finance or Treasury (ACT, CFA), or qualified accountants, will have a distinct advantage.
- Candidates with no professional accountancy qualifications, but with degrees that major in accountancy and/or finance must complete UNDP Finance Training and Certification Programme (FTCP), if recruited.
- Candidates with no professional accountancy qualifications but with relevant experience must successfully undertake UNDP Advanced Accountancy and Finance Test (AAFT) before shortlisting, and must complete the UNDP Finance Training and Certification Programme (FTCP), if recruited.
- Professional Certificates: Distinct Advantage: ACT, CFA, ACCA, CPA, CIMA, CIPFA, or other internationally recognized accounting certifications.
