Back Finance Officer, Savings

OVERVIEW

Post Number : FIN 978

Grade : P-3

Parent Sector : Bureau of Financial Management

Duty Station: Paris, France

Classification of duty station : Europe & North America

Standard Duration of Assignement: 2 years, renewable

Job Family: Finances

Type of contract : Fixed Term

Duration of contract : 2 years, renewable

Recruitment open to : Internal and external candidates

Application Deadline (Midnight Paris Time) : 02-OCT-2025

UNESCO Core Values: Commitment to the Organization, Integrity, Respect for Diversity, Professionalism

OVERVIEW OF THE FUNCTIONS OF THE POST

The UNESCO Staff and Savings and Loan Service (USLS) is an integral part of UNESCO and has been set as a Fund-in-trust of the Organization. Its mission is to offer staff members savings and loan options in a mutualist spirit. The USLS has approximately 3,600 members who have the possibility to hold a savings account in euros and US dollars. The Savings Section handles the opening/closing of savings accounts and the daily operations of deposits/withdrawals by bank transfers.

Under the overall authority of the Chief Financial Officer and the direct supervision of the General Manager, in compliance with the guidelines and decisions of the Board of Management, the incumbent will be responsible for managing cash management activities, investments, continuing the post-implementation monitoring of the new IT system and supervising the Savings Section (3 supervised staffs).

Long Description

The incumbent will be in charge of the following main tasks:

1. Investment & treasury management

• Monitor bank accounts balances and anticipate cash needs in relation to members’ transactions and investments.
• Update the cash flow forecasts according to activity trends and exchange rates.
• Optimize daily cash flow management and invest the surpluses in monetary and fixed income products (EUR, USD) in accordance with the investment policy and the counterparty and country limits set.
• Monitor the performance of internal/external portfolios, propose arbitrage transactions, ensure the update and accuracy of data inputted in the treasury management software.
• Participate in the review of investment policy and monitor related risks (interest rate, market, liquidity, credit).
• Prepare cash flow projections and adjust investment decisions accordingly.

  Long Description

  4. Focal point for the treasury management system
  

  • Focal point for information/general briefing on the treasury software for USLS team.
  • Produce/supervise the creation of personalized reports in the treasury software, monitor the correct settings of the payments and investments in collaboration with the Middle-office of FIN Division, coordinate system changes and updates impacting USLS.
  • Produce/ supervise the production of specific reports for the Notes to financial statements.

    5. Focal point for the new USLS IT system

    • Coordinate information to members and the follow-up of potential remaining deliverables and expected corrections during the post-implementation phase of the new system (compile the list of potential anomalies/bugs, their corrections, report definitions & requested improvements, training, etc.).
    • Supervise the update of the technical documentation and procedures manual.

      COMPETENCIES (Core / Managerial) Communication (C)Accountability (C)Innovation (C)Knowledge sharing and continuous improvement (C)Planning and organizing (C)Results focus (C)Teamwork (C)Professionalism (C)Building partnerships (M)Driving and managing change (M)Leading and empowering others (M)Making quality decisions (M)Managing performance (M)Strategic thinking (M)

      - For detailed information, please consult the UNESCO Competency Framework.

      REQUIRED QUALIFICATIONS

      EDUCATION:

    • Advanced university degree (Masters or equivalent degree) in Finance, Accounting or Management with majors in financial management.
    • A professional financial qualification is required such as CFA/FRM/CA/CPA/ACCA or equivalent.

      📚 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗛𝗼𝘄 𝘁𝗼 𝗚𝗲𝘁 𝗮 𝗝𝗼𝗯 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗡 𝗶𝗻 𝟮𝟬𝟮𝟯! 🌍🤝 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗡𝗘𝗪 𝗥𝗲𝗰𝗿𝘂𝗶𝘁𝗺𝗲𝗻𝘁 𝗚𝘂𝗶𝗱𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗨𝗡 𝟮𝟬𝟮𝟯 𝘄𝗶𝘁𝗵 𝘁𝗲𝘀𝘁 𝘀𝗮𝗺𝗽𝗹𝗲𝘀 𝗳𝗼𝗿 𝗨𝗡𝗛𝗖𝗥, 𝗪𝗙𝗣, 𝗨𝗡𝗜𝗖𝗘𝗙, 𝗨𝗡𝗗𝗦𝗦, 𝗨𝗡𝗙𝗣𝗔, 𝗜𝗢𝗠 𝗮𝗻𝗱 𝗼𝘁𝗵𝗲𝗿𝘀! 🌐

      ⚠️ 𝐂𝐡𝐚𝐧𝐠𝐞 𝐘𝐨𝐮𝐫 𝐋𝐢𝐟𝐞 𝐍𝐨𝐰: 𝐏𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐠𝐞𝐭 𝐚 𝐣𝐨𝐛 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐍𝐚𝐭𝐢𝐨𝐧𝐬 𝐍𝐎𝐖!

      WORK EXPERIENCE:

    • At least 4 years' of experience in a bank and/or corporate treasury department with proven experience in cash management and fixed-income, bond investments (front-office position), cash flow management of which preferably 2 years acquired at international level.

      Long Description

      SKILLS AND COMPETENCIES:

    • In-depth knowledge and practical experience of the operating rules of financial markets and classic financial instruments.
    • Good knowledge of IPSAS or IFRS accounting standards applicable to financial instruments and basic accounting posting for simple financial transactions.
    • Good knowledge of specialized software in cash management (TMS) and classic office software, notably spreadsheets (including functions) and document presentation software. Ability to make calculations and data analysis using functions and numerical reports in spreadsheets.
    • Strong analytical and problem-solving skills, solid numerical capabilities with ability to identify problems and weaknesses in process and to propose solutions and/or improvements.
    • Demonstrated organizational and coordination skills with ability to take initiative, establish plans and manage priorities efficiently for the monitoring of the activities.
    • Ability to comply with rules, regulations and administrative guidelines.
    • Ability to manage efficiently and to maintain effective working relationships in multi-cultural environment.
    • Excellent ability to draft clearly and concisely and make oral presentations in English and/or in French.
    • Excellent interpersonal skills including ability to deal effectively with the colleagues and USLS active/retired members and stakeholders.
    • Ability to manage heavy workload, to work under pressure and to meet tight deadlines, paying close attention to details and quality of work.

      LANGUAGES:

    • Excellent level in English or French and good level of the other

      DESIRABLE QUALIFICATIONS

      WORK EXPERIENCE:

    • Experience in an international organization/institution or in the United Nations system.
    • Experience in managing a small team.

      SKILLS AND COMPETENCIES:

    • Knowledge of UNESCO’s general related policies and practices and USLS Rules and Regulations.
    • Good knowledge of bank payment systems functioning and international payment formats (XML ISO 20022).

      LANGUAGES:

    • Good knowledge of another working language of the United Nations (Arabic, Chinese, Russian and/or Spanish).

      BENEFITS AND ENTITLEMENTS