Senior Officer, Treasury

Organizational Context

Job Purpose

The Senior Officer, Treasury administers and advises on the Federation’s cash and investments, directly and through external investment managers, so as to enable the IFRC to meet its financial commitments in a timely and efficient manner. This role maximises the income generated by the Federation’s cash and investments within established policies and guidelines and minimises the adverse effects of currency fluctuations.

Job Duties and Responsibilities

Banking Relationships

• Manage global banking relationships to ensure that the IFRC receives high quality banking services and conditions. This includes ensuring that banking documentation such as contracts and signature lists are accurate and up to date.
• Build and maintain relationships with external investment managers and monitor their performance.

Treasury Management

• Develop and provide treasury management reports to management, including, cash flow statements/forecasts, summaries of investment portfolios and cash and bank balances.
• Lead banking process improvements to maximise Regional and Country office banking efficiency and minimize exposure to foreign exchange risk. This includes promoting and coordinating the implementation of online banking facilities in IFRC Region and Country offices, centralisation of Regional and Country office bank Swiss Franc accounts, opening of new Swiss Franc bank accounts and conversion of non-Swiss Franc bank accounts into Swiss Franc accounts.
• Control and implement the opening, closing, changes in signatory rights on all Region and Country bank accounts. Open and maintain cash and bank accounts in IFRC’s D365 database as requested and ensure that the data are accurate and up to date.
• Supervise and screen the selection of all new banks to ensure credit worthiness of banking institutions. Document due diligence checks preformed.
• Manage and implement corporate debit and credit cards to enable Geneva personnel, Region and Country offices to cover mission expenses, working advances, per diem and sundry allowances. This includes assessing and implementing new card alternatives as well as managing and administering existing solutions.
• Coordinate the issuance of bank Letters of Credit, Documentary Credits & Guarantees as required in order to ensure maximum expenditure protection for bulk purchases.
• Liaise with the Swiss authorities in order to recover withholding tax on bank interest income.

Procedures

• Monitor adherence to IFRC banking procedures and report non-compliance.

Accounting

• Manage accounting for IFRC Funds & Foundations, including Empress Shoken Fund, Lars Amundsen Fund and the IFRC Foundation with a view to producing yearend financial statements for external audit and endorsement by the respective governing bodies.
• Maintain accounting for transactions impacting Geneva bank accounts, as requested. This includes coding and recording all bank transactions on a timely basis, as well as completing periodic (monthly) reconciliations of bank balances to bank statements and ensuring timely follow up and clearance of any outstanding items.
• Calculate amounts and book accounting entries to reconcile CODA financial accounting books to investment statements.
• Calculate and record financially related monthly accruals, as required.
• Revalue accounts denominated in currencies other than Swiss Francs and book entries into CODA financial accounting system.

Provision of advice and support

• Provide advice and guidance to Regional and Country offices on banking and treasury matters, including policy, procedure, and banking services/solutions.
• Treasury management, in particular the processing of payments and receipts is a key function that requires the presence of a Treasury Officer during all normal working hours, in order to ensure the continuity of IFRC business, and accordingly, Treasury Officers are required to cover for each other in case of any absence.

Job Duties and Responsibilities (continued)

Duties applicable to all staff

1. Work actively towards the achievement of the Federation Secretariat’s goals.
2. Abide by and work in accordance with the Red Cross and Red Crescent principles.
3. Perform any other work-related duties and responsibilities that may be assigned by the line manager.

Education

Required

• Bachelor’s degree or equivalent in finance, accounting, treasury management, or any related field.

Preferred

• Recognised qualification in accounting or treasury management.

Experience

Required

• Minimum of 5-7 years of work experience in treasury management and international banking operations and transfers.
• Practical experience in international banking operations, processes, foreign exchange, securities trading, accounting systems, and in accounting for financial/banking transactions.
• Experience in working in a multinational, multicultural environment desirable, either in a major commercial company or for an international organisation.

Preferred

• Experience in humanitarian or another not-for-profit organisation.

Knowledge, Skills and Languages

Required

• Fluent spoken and written English.
• High level of numerical accuracy and good computer skills.
• Good knowledge of investment markets, bank services and products.
• Knowledge of multi-currency accounting systems.
• Good communication skills.
• Ability to work efficiently in a multicultural, multilingual and cross-functional setting.

Preferred

• Good command of another IFRC official language (French, Spanish or Arabic).
• Knowledge of IFRC Secretariat Geneva Financial systems and software (D365/ERP).

Competencies, Values and Comments

Values: Respect for diversity; Integrity; Professionalism; Accountability.

Core competencies: Communication; Collaboration and teamwork; Judgement and decision making; National Society and customer relations; Creativity and innovation; Building trust.

Application Instruction

Please submit your application in English only.