Job Opening

Posting Title: Accountant, P3
Job Code Title: ACCOUNTANT
Department/Office: United Nations Joint Staff Pension Fund – Office of Investment Management
Duty Station: NEW YORK
Posting Period: 05 May 2021 - 18 June 2021
Job Opening Number: 21-Finance-UNJSPF OIM-155043-R-New York (R)
Staffing Exercise N/A
United Nations Core Values: Integrity, Professionalism, Respect for Diversity
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Org. Setting and Reporting

The United Nations Secretary-General is responsible for the investment of the assets of the United Nations Joint Staff Pension Fund (UNJSPF). The Secretary-General has delegated this responsibility to the Representative of the Secretary-General for the investment of the assets of the UNJSPF (RSG). The RSG is, in turn, assisted in this function by the Office of Investment Management (OIM). OIM manages a $80+ billion multi-asset class, global investment portfolio, about 85% of which is actively managed in-house. Asset classes under management comprise global equities, fixed income, foreign exchange, private equity, real estate, infrastructure, timber and commodities. OIM’s staff are all based in New York, but come from over 30 countries. For more information please visit OIM's website at https://oim.unjspf.org/.

The incumbent will work under the direct supervision of the Accountant, and general guidance of the Chief, Operations Section.

Responsibilities

Within delegated authority, the Accountant will be responsible for the following duties:

•Supervises multi-currency trade settlement activities in order to avoid trade fails.
•Ensures accurate and timely submission of daily cash activity and projection reports to the Fixed Income team in order to avoid overdrafts.
•Analyses accounts and reviews/evaluates unresolved issues.
•Identifies problem transactions, irregularities and recurring problems.
•Provides guidance and assistance with the resolution of more complex accounting issues/exceptions.
•Coordinates the claims process establishing procedures and timelines to be followed and approves compensation claims.
•Supervises data maintenance in critical back-office systems; e.g., standard settlement instructions, market calendar, etc. and ensures data integrity.
•Approves/Confirms that standard settlement instructions and SWIFT message formats are in accordance with the market standards, brokers’ and or global custodians’ requirements.
•Ensures that accurate and complete back-office investment operations, cash management, and internal control systems are functioning and that all relevant records are maintained.
•Provides advice and guidance concerning the operating procedures for the back-office investment operations and cash management systems and updates relevant procedures manuals.
•Provides authoritative interpretation of requirements for handling investment transactions.
•Coordinates and supervises the daily reconciliation of the investments of the Fund. Monitors, analyses, reviews and approves SWIFT messages, modifications/amendments and other investment transactions in the back-office system.
•Keeps abreast and provides guidance on new developments in the industry, especially for back-office investment operations and cash management systems.
•Keeps abreast and provides guidance on changes in market requirements; e.g. trade settlement cycles, opening and closing of markets, exchanges, central depositories, transaction taxes and fees, etc. that would require reconfigurations to the back-office and cash management systems and changes in procedures.
•Defines business user requirements and works with Information Systems Section with respect to back office investment operations and cash management systems.
•Monitors and evaluates the performance of global custodians ensuring that they meet their contractual obligations.
•Participates in the development of strategic framework and annual budget requests for the Unit.
•Provides information needed to respond to audit findings and contributes to the responses.
• Provides back-up and support to the Chief of Operations Section in administrative areas of the Unit.

Competencies

•Professionalism: Knowledge of global financial markets, cash management and investment operations, procedures and standards. Ability to apply conceptual, analytical and evaluative skills in global financial markets, cash management and investment operations. Ability to conduct independent research and analysis, identify issues, formulate options and make conclusions and recommendations. Shows pride in work and in achievements; demonstrates professional competence and mastery of subject matter; is conscientious and efficient in meeting commitments, observing deadlines and achieving results; is motivated by professional rather than personal concerns; shows persistence when faced with difficult problems or challenges; remains calm in stressful situations. Takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work.
•Teamwork: Works collaboratively with colleagues to achieve organizational goals; solicits input by genuinely valuing others’ ideas and expertise; is willing to learn from others; places team agenda before personal agenda; supports and acts in accordance with final group decision, even when such decisions may not entirely reflect own position; shares credit for team accomplishments and accepts joint responsibility for team shortcomings.
•Planning & Organizing: Develops clear goals that are consistent with agreed strategies; identifies priority activities and assignments; adjusts priorities as required; allocates appropriate amount of time and resources for completing work; foresees risks and allows for contingencies when planning; monitors and adjusts plans and actions as necessary; uses time efficiently.

Education

Advanced university degree (Master's degree or equivalent) in business administration, finance, accounting or related field. A first-level university degree and an additional 2 years of qualifying experience over the required minimum work experience may be accepted in lieu of the advanced university degree.

Work Experience

A minimum of five years of progressively responsible professional experience in accounting and/or investment operations is required.
Experience in SWIFT or a similar secure payments system is required.
Experience in a back-office investment system is required.
At least two years of experience working with Bloomberg AIM or a similar order management system is required.
Experience with corporate action processing and daily position, and cash reconciliation is desirable.

Languages

English and French are the working languages of the United Nations Secretariat. For the post advertised, proficiency in oral and written English is required. Knowledge of another UN official language is desirable.

Assessment

Evaluation of qualified candidates may include an assessment exercise which maybe followed by competency-based interview.

Special Notice

• Staff members are subject to the authority of the Secretary-General and to assignment by him or her. In this context, all staff are expected to move periodically to new functions in their careers in accordance with established rules and procedures.

• The United Nations Secretariat is committed to achieving 50/50 gender balance in its staff. Female candidates are strongly encouraged to apply for this position.

• Appointment at the United Nations is subject to mandatory adherence to the United Nations Financial disclosure Programme. An appointment to the Office of Investment Management (OIM) of the UNJSPF additionally requires compliance with the rules and regulations pertaining to OIM's Code of Ethics, Personal Securities, Gift and Hospitality policies.

• For this position, applicants from the following Member States, which are unrepresented or underrepresented in the UN Secretariat as of 30 November 2020, are strongly encouraged to apply: Afghanistan, Andorra, Angola, Antigua and Barbuda, Bahrain, Belize, Brazil, Brunei Darussalam, Cabo Verde, Cambodia, China, Comoros, Cuba, Democratic People's Republic of Korea, Djibouti, Dominica, Equatorial Guinea, Gabon, Grenada, Guinea-Bissau, Japan, Kiribati, Kuwait, Lao People's Democratic Republic, Lesotho, Liberia, Libya, Liechtenstein, Luxembourg, Marshall Islands, Federated States of Micronesia, Monaco, Mozambique, Namibia, Nauru, Norway, Oman, Palau, Papua New Guinea, Qatar, Republic of Korea, Russian Federation, Saint Lucia, Saint Vincent and the Grenadines, San Marino, Sao Tome nd Principe, Saudi Arabia, Solomon Islands, South Sudan, Suriname, Timor-Leste, Turkmenistan, Tuvalu, United Arab Emirates, United States of America, Vanuatu, Bolivarian Republic of Venezuela.

United Nations Considerations

According to article 101, paragraph 3, of the Charter of the United Nations, the paramount consideration in the employment of the staff is the necessity of securing the highest standards of efficiency, competence, and integrity. Candidates will not be considered for employment with the United Nations if they have committed violations of international human rights law, violations of international humanitarian law, sexual exploitation, sexual abuse, or sexual harassment, or if there are reasonable grounds to believe that they have been involved in the commission of any of these acts. The term “sexual exploitation” means any actual or attempted abuse of a position of vulnerability, differential power, or trust, for sexual purposes, including, but not limited to, profiting monetarily, socially or politically from the sexual exploitation of another. The term “sexual abuse” means the actual or threatened physical intrusion of a sexual nature, whether by force or under unequal or coercive conditions. The term “sexual harassment” means any unwelcome conduct of a sexual nature that might reasonably be expected or be perceived to cause offence or humiliation, when such conduct interferes with work, is made a condition of employment or creates an intimidating, hostile or offensive work environment, and when the gravity of the conduct warrants the termination of the perpetrator’s working relationship. Candidates who have committed crimes other than minor traffic offences may not be considered for employment.

Due regard will be paid to the importance of recruiting the staff on as wide a geographical basis as possible. The United Nations places no restrictions on the eligibility of men and women to participate in any capacity and under conditions of equality in its principal and subsidiary organs. The United Nations Secretariat is a non-smoking environment.

The paramount consideration in the appointment, transfer, or promotion of staff shall be the necessity of securing the highest standards of efficiency, competence, and integrity. By accepting an offer of appointment, United Nations staff members are subject to the authority of the Secretary-General and assignment by him or her to any activities or offices of the United Nations in accordance with staff regulation 1.2 (c). In this context, all internationally recruited staff members shall be required to move periodically to discharge new functions within or across duty stations under conditions established by the Secretary-General.

Applicants are urged to follow carefully all instructions available in the online recruitment platform, inspira. For more detailed guidance, applicants may refer to the Manual for the Applicant, which can be accessed by clicking on “Manuals” hyper-link on the upper right side of the inspira account-holder homepage.

The evaluation of applicants will be conducted on the basis of the information submitted in the application according to the evaluation criteria of the job opening and the applicable internal legislations of the United Nations including the Charter of the United Nations, resolutions of the General Assembly, the Staff Regulations and Rules, administrative issuances and guidelines. Applicants must provide complete and accurate information pertaining to their personal profile and qualifications according to the instructions provided in inspira to be considered for the current job opening. No amendment, addition, deletion, revision or modification shall be made to applications that have been submitted. Candidates under serious consideration for selection will be subject to reference checks to verify the information provided in the application.

Job openings advertised on the Careers Portal will be removed at 11:59 p.m. (New York time) on the deadline date.

No Fee

THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, OR TRAINING). THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON APPLICANTS’ BANK ACCOUNTS.

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