Overview
The Treasury Associate provides analytical support and services in day-to-day cash management, monitoring imprest cash levels, conducting compliance oversight, and problem-solving for local cash management and bank account management.
Key Responsibilities
- Support Country Offices in having adequate local and hard currency balances to optimally meet operational needs.
- Assess and advise on optimal currency positioning.
- Review and validate replenishment requests.
- Analyze Country Office short-term and medium-term cash-flow requirements.
- Develop and maintain monitoring dashboards and tracking reports.
- Conduct periodic and systematic reviews of bank account signatory changes.
- Run compliance and control reports to verify adherence to UNDP Financial Regulations & Rules (FRRs).
- Process and validate bank signatory updates for Zero Balance Accounts (ZBAs).
- Manage and analyze zero-balance account (ZBA) payment inquiries.
- Triaging and resolving ServiceNow (UNall) inquiries from country offices.
- Process, track, and resolve payment recall requests and investigate returned or rejected payments.
- Coordinate periodic publication of UN Operational Exchange Rate (UNORE).
- Collect, validate, and analyze local exchange rates submitted by Country Offices.
- Execute specialized rate-upload activities.
- Conduct ongoing governance of the UNORE calendar.
- Provide technical oversight of the UNORE SharePoint site.
- Deliver analytical insights by identifying anomalies in rate submissions.
- Monitor Country Office compliance with the Internal Control Framework, cash management procedures and policies.
- Continuously monitor Country Office bank balances.
- Perform variance and trend analysis.
- Oversee and analyze Country Office local investment activities.
- Identify and follow up on aged petty cash and cash-arrangement exceptions.
- Support the annual Treasury Certification process.
- Prepare periodic country office/ Bureau Cash Management Review.
- Lead quarterly analytical reviews of Country Offices and bureaux performance.
- Design and maintain a standardized One-Pager framework.
- Conduct comparative and cohort analysis across regions, bureaux, and peer Country Office clusters.
- Track implementation of recommendations.
- Develop management dashboards and drill-down reports.
- Synthesize lessons learned and best practices in financial management.
- Provide sound contributions to knowledge networks and communities of practice.
Required Experience
- Minimum of seven (7) years (with Secondary Education) or four (4) years (with Bachelor’s degree )in corporate treasury, FX operations, banking, or financial analytics.
- Experience with ERP financial systems (e.g., Oracle).
- Experience and sound understanding of banking, cash management, global payments system.
- Advanced proficiency in Excel, BI and database packages.
- Strong quantitative and analytical skills.
- Proven knowledge of IPSAS, IFRS and/or GAAP.
- Demonstrated experience in AI, digital transformation, and process automation.
- Experience as a collaborative team player with flexibility to work across global time zones.
- Hands-on experience with Treasury Management Systems (TMS), including transaction processing, reporting, or system administration (Desirable).
- Demonstrated experience in cash management, including liquidity management, forecasting, and reconciliation activities (Desirable).
- Proven ability to serve and communicate effectively with clients from diverse and multicultural backgrounds, demonstrating cultural sensitivity and adaptability (Desirable).
Qualifications
- Completion of Secondary Education is required with specialized certification in Accounting, Finance or Treasury.
- First level University degree (Bachelor’s Degree) in Finance or Accounting .or equivalent field will be given due consideration, but not a requirement.
- Part-qualified accountants from a recognized institute of accountancy, or relevant Treasury qualification, 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 Accountancy and Finance Test (AFT) before shortlisting, and must complete the UNDP Finance Training and Certification Programme (FTCP), if recruited.
- Distinct Advantage: ACT, CFA, ACCA, CPA, CIMA, CIPFA, or other internationally recognized accounting certifications.
