Treasury Accountant (Re-advertisement)

• Ensure appropriate accounting of treasury related transactions involving but not limited to the following

  1. FX - Spot, Forwards, NDF, Options

  2. Interest Rate Derivatives (OTC and Exchange Traded)

  3. Inflation Swaps

  4. Equity and Credit derivatives (CDS & Equity futures) 

  5. Cash, Cash Equivalents, Fixed Income (Sovereign, Supranational,Agency MBS, Corporate Bonds, Money Market Funds)

• Support ad-hoc valuation exercises of UNOPS investment portfolios, including liaising with UNOPS asset managers and global custodian

• Ensure appropriate hedge accounting and review of hedging performance

• Support UNOPS Treasury unit with  managing of hedge efficiencies and effectiveness, both from a policy perspective linked to hedge accounting requirements where needed, but from a treasury hedging point of view including hedge coverage, slippage, cost of hedging, etc.

• Ensure accurate accounting of UNOPS financial portfolios (including the After Service Health Insurance - ASHI) in accordance with UNOPS business model and related accounting standards (IPSAS)

• Support treasury in triannual ALM study on liability driven investment portfolios (ASHI) 

• Maintain a high level of accuracy and system integrity through reviewing of  accounting results between UNOPS Treasury Management System and the ERP 

• Advise back-office  on accounting and reporting matters of in-house treasury transactions and liaise with treasury unit on a regular basis including setup and structure of new financial  instruments both within UNOPS policies and at system level in UNOPS TMS (Kyriba)

• Ensure accurate monthly recording and accounting of UNOPS investments externally managed in UNOPS book of records

• Ensure in-depth understanding and recording of collateralisation postings (paid/received) for the different  types of margin calls in accordance with UNOPS Financial Regulations and Rules and other applicable Organizational Directives and Operational Instruction and accounting standards (IPSAS).

• Exercise periodic monitoring over transactions and account balances/ reconciliations to ensure compliance with UNOPS Financial Regulations and Rules and other applicable Organizational Directives and Operational Instruction and accounting standards (IPSAS).

• Ensure that all applicable deadlines to books closures are met

2. FINANCIAL REPORTING/OVERSIGHT 

• Oversee and document accounting compliance of treasury related transactions in ERP  to the treasury policies, Investment principles, UNOPS Financial Regulations and Rules and accounting standards (IPSAS) 

• Prepare regular periodic management  reports on accounting results of UNOPS portfolios and in collaboration with treasury unit bridge the accounting results with  the financial performance of UNOPS portfolios

• Ensure treasury related transaction  are accurately recorded and promptly reported in accordance with the relevant accounting standards (IPSAS)

• Prepare regular periodic  management reports  on analysis of foreign exchange results reported in General Ledger

•  Prepare regular periodic  management reports  on analysis of externally managed investments

• Support preparation and consolidation of monthly and quarterly financial forecasts  in close collaboration  with other units including UNOPS treasury unit

• Support in preparation of  corporate financial statements, in compliance with International Public Sector Accounting Standards (IPSAS), including all the necessary supporting schedules and notes

• Provide support to the head of the unit during internal and external audit processes.

• Manage treasury related external audit queries during interim and year end audit

• Manage  internal audit related queries  in relation to  verification exercises 

• Establish effective, robust and open working relationships with key counterparts (including front-, middle-, and back-office) and  ensure expectations are managed, key issues communicated and potential blockers resolved in a timely manner

4. CAPACITY BUILDING 

• Support process documentation and continuous process improvements including development of SoPs and related Process and Quality Management System (PQMS)

• Become a subject matter expert on accounting for treasury related transactions

• Develop innovative solutions to optimize financial processes and reduce manual work and increase automation around financial reporting

• Responsible for providing guidance and advice to finance practitioners in the area of financial accounting, interpretation and operational guidance on the application of the accounting standards (IPSAS) and UNOPS Financial Regulations and Rules (FRR)

• Participates in the development of Operational Manuals.

• Monitor development and updates to accounting standards (IPSAS) related to financial instruments and ensure due knowledge sharing and operational preparation of organization for compliance purposes 

• Provide expert advice and support in regular book closure and year-end closure process

• 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 financial transactions used for preparation of corporate financial statements.