Overview
The Treasury Accounting Specialist is responsible for the accounting and efficient financial reporting of treasury-related transactions, analyzing financial regulations and standards, and providing advice on complex accounting transactions.
Key Responsibilities
- Ensure appropriate accounting of treasury-related transactions including FX-Spot, Forwards, NDF, Options, Interest Rate Derivatives, Inflation Swaps, Equity and Credit derivatives, Cash, Cash Equivalents, Fixed Income, and Money Market Funds.
- Support ad-hoc valuation exercises of UNOPS investment portfolios.
- Ensure appropriate hedge accounting and review of hedging performance.
- Support UNOPS Treasury unit with managing hedge efficiencies and effectiveness.
- Ensure accurate accounting of UNOPS financial portfolios in accordance with UNOPS business model and accounting standards (IPSAS).
- Support treasury in triannual ALM study on liability-driven investment portfolios.
- Maintain accuracy and system integrity by reviewing accounting results between UNOPS Treasury Management System and the ERP.
- Advise back office on accounting and reporting matters of in-house treasury transactions.
- Liaise with the treasury unit on setup and structure of new financial instruments.
- Ensure accurate monthly recording and accounting of UNOPS investments externally managed.
- Ensure in-depth understanding and recording of collateralisation postings.
- Exercise periodic monitoring over transactions and account balances/reconciliations.
- Ensure all applicable deadlines to books´ closures are met.
- Oversee and document accounting compliance of treasury-related transactions in ERP.
- Prepare regular periodic management reports on accounting results of UNOPS portfolios.
- Ensure treasury-related transactions are accurately recorded and promptly reported.
- Prepare regular periodic management reports on analysis of foreign exchange results.
- Prepare regular periodic management reports on analysis of externally managed investments.
- Support preparation and consolidation of monthly and quarterly financial forecasts.
- Support in preparation of corporate financial statements in compliance with IPSAS.
- Provide support to the head of the unit during internal and external audit processes.
- Manage treasury-related external audit queries.
- Manage internal audit-related queries.
- Establish effective working relationships with key counterparts.
- Support process documentation and continuous process improvements.
- Become a subject matter expert on accounting for treasury-related transactions.
- Develop innovative solutions to optimize financial processes.
- Provide guidance and advice to finance practitioners on financial accounting and IPSAS.
- Participate in the development of Operational Manuals.
- Monitor developments and updates to accounting standards (IPSAS) related to financial instruments.
- Provide expert advice and support in regular book closure and year-end closure processes.
- Maintain a log of issues identified and draw an action plan to improve processes.
- Contribute to developing and maintaining a strong control environment around financial reporting.
Required Experience
Relevant experience is defined as treasury accounting working experience within an international environment is required. A thorough knowledge of International Public Sector Accounting Standards (IPSAS) or International Financial Reporting Standards (IFRS) is required. Experience in Treasury Management Systems, and ERP is considered an asset.
Qualifications
Bachelor’s degree (or equivalent) preferably in Finance, Accounting, Financial Management or a related field is required with 7 years of relevant experience OR A Master's Degree (or equivalent) in any of the above disciplines with 5 years of relevant experience is required. Fully qualified accounting qualification with a recognised accountancy body is required. Specialized certifications such as chartered financial analyst (CFA) is considered an asset.
