Finance Senior Officer (Strategic Purchasing)

Functional Responsibilities

Summary of Key Functions:

1. Implementation of operational strategies and procedures
2. Designing a Financial System and procedures for the Health Financing Mechanism
3. Budget Preparation and Management
4. Cash Management and Treasury
5. Control of Accounts and Payments
6. Team Management
7. Knowledge Building and Sharing

1. Ensures administration and implementation of operational strategies, adapts processes and procedures focusing on achievement of the following results:

• Full compliance with UN/UNOPS rules, regulations, and policies of financial activities, financial recording/reporting system and follow-up on audit recommendations; implementation of effective internal controls, proper functioning of a client-oriented financial resources management system.
• Implementation of cost sharing and trust fund agreements, elaboration of conditions of contributions within the office’s resource mobilisation efforts.
• Implementation of cost saving and reduction strategies in consultations with office management.
• Perform any other duty as may be requested by the supervisor

2. Design, establish and implement a financial system and procedures for the Health Financing Mechanism focusing on achievement of the following results:

• Design an Financial Setup for contract management, verification, validation and payment of services
• Develop forms, guideline and procedures for the overall financial management of the Health Financing activities
• Provide technical inputs as necessary for contracting with service providers, private sector engagements and making programmatic decisions to be inline with the UNOPS rules and regulations.
• Provide consultation and support the projects implementation and customization of financial output data to Access to Health needs
• Periodic review and support the actual implementation of financial procedures developed and fine-tuning as necessary.
• Provide technical support to the programme implementation as needed.

3. Budget preparation and management: Ensures and is accountable for the following:

• Coordination of the preparation of the field operating budget; review of budget submissions, regular analysis and reporting on the budget approvals and the delivery situation; monitoring of expenditures against budget allotments and reporting on variances.
• Identification of administrative budgetary requirements; provision of guidance on guidelines for budget preparation.
• Review and update of guidelines, procedures in light of changing circumstances or for the purpose of complying, streamlining and/or strengthening of existing financial and budgetary procedures
• Review, analysis and revision of data with respect to the finalization of cost estimates and budget proposals, in terms of staff and non-staff requirements submitted by project managers; review of budget proposals for reasonableness, consistency with the organizational goals and priorities.
• Assist in preparing the health financing initiatives’ budget
• Monitoring of budget implementation, expenditure levels against allotments and determination/recommendation of reallocation of funds when necessary
• Status of budgetary allocations monitored on an ongoing basis; networking with clients to strengthen budget management and take corrective actions when required. Provision of information to supervisors and other UNOPS colleagues at HQ on the results of the investigation when satisfactory answers are not obtained.
• Collaboration in the improvement of the UNOPS Project Budget formulation system, with the cooperation of Information Technology, ensures the relevance of the system at all times by updating and proposing changes to facilitate financial management of projects and enhance financial reporting.
• Review and appropriate recommendations with respect to the finalization of budget performance reports, analysing variances between approved budgets and actual expenditures.

. 4. Cash management and treasury: Ensures and is accountable for the following:

• Organization and oversight of cash management processes, including liquidity management, recommendation of imprest level, risk assessment, bank relationship management, timely accounting and reconciliation of all transactions, security for cash assets on site.
• Timely review of cash position for local accounts to ensure sufficient funds on hand for disbursements; identification and recording of receipts for income application.
• Establishment of efficient local banking arrangements and compliance with local financial and banking regulations
• Building of project capacity to effect payments using ERP/OneUNOPS and/or Imprest Accounts.
• Monitoring of the delivery and income of the Fund
• Discussion and communication with the project support colleagues on the savings or potential concerns that may require further review.

5. Accounts and payments: Ensures and is accountable for the following:

• Analysis and elaboration of proposals for the internal expenditures’ control system which ensures that vouchers processed are matched and completed, transactions are correctly recorded and posted in ERP; payrolls are duly prepared; travel claims and other entitlements are duly processed.
• Quality control of the account by performing ongoing review, analysis and reconciliation of accounts. Investigation of discrepancies and initiation of timely corrective actions on unposted vouchers, including the vouchers with budget check errors, match exceptions, unapproved vouchers. Timely response to HQ requests to resolve financial data issues.
• Control of the Accounts Receivables for UNOPS projects and follow up with partners on contributions, maintenance of the General Ledger.
• Ensuring proper maintenance of the field financial accounts; preparation of financial records, statements and reports as required or approval of the work of subordinates; coordination of field replies to internal and external audit queries;
• Ensuring proper receipt, management, safeguarding and disbursement of payments handled by the field; review, modification, initiation and implementation of internal control procedures in coordination with Headquarters;
• Proper control of the supporting documents for payments; preparation of all types of vouchers; Pay Cycle and payments execution;
• Preparation of timely financial reports for submission to the funding agency in accordance with UNOPS rules, and in line with the established procedures;
• Monitoring of financial exception reports for unusual activities, transactions and investigation of anomalies or unusual transactions;
• Ensuring proper maintenance of the Accounts Receivables for UNOPS projects and follow-up with partners on contributions, deposits creation in ERP and their application to AR pending items.

6. Team Management

• Facilitate the engagement and provision of high quality results and services of the team supervised through effective performance management, coaching, and promotion of learning and development.
• Provide oversight, ensuring compliance by team members with existing policies and best practices

7. Knowledge building and knowledge sharing.

• Organize, facilitate and/or deliver training and learning initiatives for personnel on Finance related topics.
• Contribute to Financial management knowledge networks and communities of practice by providing collaborative synthesis of lessons learnt and dissemination of best practices in financial management.
• Collect feedback, ideas, and internal knowledge about processes and best practices and utilize productively.

Impact of Results

The effective and successful achievement of results by the Finance Senior Officer directly impacts on the availability of UNOPS’ financial resources to effectively develop and implement the organization’s programmes and projects. It enhances the organization’s financial and programme performance, demonstrating UNOPS’ effective stewardship of donor and partner funds. These promote the credibility of the organization as an effective service provider in project services and management.

Education/Experience/Language requirements

a. Education

• Masters’ Degree in Accounting, Financial Management, Treasury Management, Business Management,Business Administration or related field is required. 2 years of additional relevant professional experience with a Bachelor’s degree in these areas may be accepted in lieu of the Master Degree.
• Certified Public Accountant or equivalent professional qualification is an asset

b. Work Experience

• Minimum 2 years’ of professional-level experience in accounting or budgeting with responsibility for project accounting and preparation of financial statements, in an international organization providing financial management services is required.
• At least 2 years’ of professional-level experience in designing and developing financial management systems for a health financing and referral support programme is an asset
• Experience with health financing and referral support programme is an asset
• Knowledge of UNOPS financial rules and regulations is an asset.
• Working knowledge of ERP and using financial management electronic systems is desired.
• Experience with G Suite is an asset

c. Languages

• Fluency in both English and Myanmar is required.