Finance Associate

To coordinate and provide finance, budget and administration support services involving the recording and interpretation of financial and budgetary information to ensure the efficient functioning of the support services and inform decision-making.

KEY ACCOUNTABILITIES (not all-inclusive)

• Provide the procedural and technical support to staff within the areas of finance and budget, to ensure compliance with WFP financial policies, rules and regulations. 
• Support the development and implementation of financial policies and procedures, and assist in setup and implementation of proper accounting procedures, systems and cash controls.
• Monitor the daily cash position in order to optimize the use of surplus cash and maximize returns on investment through the liquidity portfolio.
• Monitor the centralised registry system in order to process all payments to internal staff and invoices to external suppliers in a timely manner and in accordance with WFP standards.
• Contribute to the preparation, implementation and monitoring of budgets, monitor expenditure and budget forecasts, to ensure that relevant future funding requirements are met.
• Co-ordinate with other teams in order to ensure that all financial and administrative services are being performed efficiently and in line with the needs of the wider team.
• Monitor account balances and process financial transactions in an accurate and timely manner, to avoid the occurrence of an overdraft.
• Monitor and analyse general ledger accounts in order to initiate and achieve corrective actions.
• Compile data from the WFP database and systems in order to assist in generating and analysing financial reports on a monthly basis.
• Allocate tasks to other support staff, provide guidance and on-the-job training in management of financial resources (e.g. managing the petty cash/sub-imprest account, review and analyse vendor and balance sheet accounts, etc.), to ensure services are delivered consistently and to the required standards.
• Remain on stand-by and follow standard emergency preparedness practices in order to meet immediate emergency requirements for further service on the job and in the field.
• Perform other related duties as required.

STANDARD MINIMUM QUALIFICATIONS

Education:

• Secondary education with specialized certification in Accounting or Financial Management or supplemented by training in personnel or general administration work.
• Bachelor’s degree in Accountancy or supplemented by courses relate to the area of work is desirable but not required.

Experience:

• At least six (6) or more years of progressively responsible work experience in the relative business stream.
• Desired Experiences for entry into the role: Has experience assessing financial health and stability of C&V projects and other programming initiatives to verify compliance with in-country local laws.
• Has experience working with auditors and other third party vendors

 Knowledge and Skills:

• Experienced in utilizing computers, including word processing, spreadsheet, databases and any financial system (SAP preferable).
• General knowledge of accountant/financial procedures and guidelines as well as moderate knowledge on Internal Control mechanisms in an organization.
• Language: Fluency in in English and Filipino, both oral and written communication

Source: https://career5.successfactors.eu//career?career_ns=job_listing&company=C0000168410P&navBarLevel=JOB_SEARCH&rcm_site_locale=en_GB&career_job_req_id=832465