CBT Finance Officer _Fixed Term _NOA _Addis Ababa
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WFP celebrates and embraces diversity. It is committed to the principle of equal employment opportunity for all its employees and encourages qualified candidates to apply irrespective of race, colour, national origin, ethnic or social background, genetic information, gender, gender identity and/or expression, sexual orientation, religion or belief, HIV status or disability.
TERMS AND CONDITIONS
Job Title: Cash Based Transfer Finance Officer
Grade: NOA
Contract Type: Fixed Term
Duty Station: Addis Ababa
ABOUT WFP
The United Nations World Food Programme is the world's largest humanitarian agency fighting hunger worldwide. The mission of WFP is to help the world achieve Zero Hunger in our lifetimes. Every day, WFP works worldwide to ensure that no child goes to bed hungry and that the poorest and most vulnerable, particularly women and children, can access the nutritious food they need.
ORGANIZATIONAL CONTEXT
This job is found in Ethiopia Country Offices Addis Ababa. Job holder typically reports to a more senior Finance Officer. They operate as part of a finance team in a CO , providing general financial support. the job may cover all aspects of finance, budget, and administration, or it may emphasize finance or more of these aspects. Job holders at this level are likely to be working under the supervision of a more experienced staff member, receiving guidance and regular feedback on work performed. They support the collation, maintenance, analysis and reporting of information to maximise the effectiveness of financial services.
KEY ACCOUNTABILITIES (not all-inclusive)
- Develop, update and operationalize SOP for CBT and internal control to guide the CO,
- Participate in internal cash working groupe (CWG) and update on CBT for finance prospective,
- Participate and engaged with other units for on-site field visits and workshops with partners to provide constructive risk minimization advice.
- The finance officer will Innovate and improve CBT process from the finance perspective and address issues raised in oversight and Audit reports.
- Performing Macro financial assessment (MaFA)to provide an overview of the financial sector of the country, highlighting the risks and opportunities in the financial sector; and providing recommendations on the selection of transfer modality and delivery mechanisms for the CBT implementations.
- Perform Financial Capacity Assessment (FCA).
- Regularly carrying out and updating as and when required Micro financial assessment (MiFA) evaluating individual financial service provider’s (FSP’s’)
- Participate in Due Diligence (DD) evaluations of FSPs with CO, RBN, and HQ.
- Performing all kinds of CBT reconciliation (CBT bank account reconciliation, wallet and mobile account, fund movement…)
- Participate in FSPs contract process with other units and when necessary, per delivery mechanisms and make sure it aligns with WFP requirement and procedures.
- Coordinate Performance Evaluation of FSPs with other units by using the PET tool and make sure it’s done before FSP's contract extension action.
- Lead on the CBT dedicated reconciliation team to make sure that the reconciliation per distribution cycle is done and make sure that benefits reached the intended beneficiaries and identify animalities for appropriate remedial actions is discussed with CWG and addressed. .
- Monitoring CBT operation for possible sweep back of funds for inactive accounts based on: payment Instrument Status Report (from FSP), and beneficiary Account Status Report (from FSP).
- Advising on the appropriate accounting scenario and thereby on when CBT expenditures are to be recorded for correct timing of expenditure recognition guidance
- Providing CBT vendor, PRCB, POCB types creation advice and identifying appropriate accounting scenarios for correct form of expenditure recognition guidance.
- Verifying payment lists in scope and there by identifying transfer amounts to FSPs (benefits + Service charges/automatic transfer fees deductions)
- Posting transfer journal entries (JVs) from WFP’s imprest bank account to WFP to a dedicated WFP Beneficiary Cash Account (BCA) to be followed with Drafting payment instructions to FSP.
- Processing payment advances of cooperating Partners (CP) for CBT transfers and clear related advances while giving due attention for periodical expense recognition as per IPSAS guidance.
- Recording and reporting of CBT losses due to incidences of fraud, losses and errors, if any
- Contacting FSP for CBT redemption reports and advice concerned units for timely SES for CBT redemptions and transfer fees.
- Proceed with clear of all CBT transactions related to FSPs and bank open items.
STANDARD MINIMUM QUALIFICATIONS
Education:
Advanced University Degree in Finance, Business Administration, Accounting or other related fields; or a University Degree in the related field.
Membership in an internationally recognized professional accountancy body such as the Association of Chartered Certified Accountants (ACCA), Institute of Certified Public Accountants (ICPA), or equivalent is desirable.
Experience:
At least Five (5) years of experience in finance particularly in CBT. Previous experience of working in developing countries is an asset. Has experience reviewing and analyzing financial statements, and has experience implementing accounting and internal control processes.
Knowledge & Skills:
Knowledge of CBT financial management and reporting plus experience of standard systems such as SAP and other WFP software packages and systems;
General knowledge of UN system policies, rules, regulations and procedures governing administration is desirable.
Language: Working knowledge (proficiency/level C) of English is required
DEADLINE FOR APPLICATIONS
26 of August
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All employment decisions are made on the basis of organizational needs, job requirements, merit, and individual qualifications. WFP is committed to providing an inclusive work environment free of sexual exploitation and abuse, all forms of discrimination, any kind of harassment, sexual harassment, and abuse of authority. Therefore, all selected candidates will undergo rigorous reference and background checks.
No appointment under any kind of contract will be offered to members of the UN Advisory Committee on Administrative and Budgetary Questions (ACABQ), International Civil Service Commission (ICSC), FAO Finance Committee, WFP External Auditor, WFP Audit Committee, Joint Inspection Unit (JIU) and other similar bodies within the United Nations system with oversight responsibilities over WFP, both during their service and within three years of ceasing that service.
