UNDP Project Finance Associate - (NPSA7) Jobs in Nigeria

UNDP Project Finance Associate - (NPSA7) Jobs in Nigeria


Background

  • UNDP is committed to achieving workforce diversity in terms of gender, nationality and culture. Individuals from minority groups, indigenous groups and persons with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence.

  • UNDP does not tolerate sexual exploitation and abuse, any kind of harassment, including sexual harassment, and discrimination. All selected candidates will, therefore, undergo rigorous reference and background checks.

  • Nigeria is Africa’s most populous country with an estimated population of 206 Million and an annual population growth rate of 2.6%. By 2050, the country’s population is expected to have doubled, reaching more than 400 million and thereby becoming the third largest country in the world. More than half of its population will be under the age of 30 years.

  • At the same time, unemployment and under-employment are one of the key development challenges facing young people in Nigeria and undermining the prospects of the country to achieve its development aspirations and fulfil its potential as the continent’s largest economy. According to the National Bureau for Statistics’ report of 2018, over 13.9 million youth are unemployed.

  • The highest unemployment rate was recorded for youths between 15 – 24 years standing at 40.8%, followed by those aged between 25 – 34 years at 30.7%. Investing in Nigeria’s youth is therefore becoming more urgent than ever.

    Scope of Work

  • The Project Finance Associate will be responsible for the following functions and tasks:

    Specific Functions/Results expected:

    Support in project finance tracking and management

  • Provide financial analyses and reporting for resources ensuring full compliance with UNDP rules, regulations, policies, and strategies;

  • Prepare cost estimates for different activities of the Jubilee Fellowship according to the needs of programme management;

  • Monitor the financial performance of Jubilee Fellowship project activities;

  • Support annual audits of the Principal Recipient (PR) and Sub-recipients (SRs) as required by UNDP and ensure that external auditors have all relevant information;

  • Ensure that advance payments and direct payments are properly reviewed and recorded in a timely manner into Atlas;

  • Follow up on the disbursement of funds to facilitate timely review of cash position to ensure sufficient funds on hand for disbursements.

    Ensure effective information management and reporting

  • Prepare regular analysis and reporting on the Jubilee Fellowship project funds and Country Office budget approvals, including on the delivery of programme activities;

  • Support the preparation of annual project workplans, agreements, and budgets;

  • Prepare forecasts necessary to support disbursements requests;

  • Conduct verification and posting of disbursement requests, expenditure reports, and supporting documentation;

  • Submit timely and accurate required financial reports to the donor, as relevant;

  • Maintain information flows between non-finance actors to effectively link programmatic results to work plan expenditure and budgets agreed with the donor;

  • Respond to HQ requests to resolve financial data issues or to provide information required.

    Ensure proper financial tracking controls and risk management mechanisms

  • Develop and support the PMSU to maintain risk management and mitigation approaches relating to finance;

  • Design and implement effective internal controls and financial resources management system;

  • Map, establish and maintain standard operating procedures in the project finance unit, implementing improvements where possible.

    Ensure implementation of operational and financial management strategies, and adapts processes and procedures

  • Full compliance of financial activities, financial recording/reporting system and audit follow up with UN/UNDP rules, regulations, policies and strategies; implementation of the effective internal control, proper
    design and functioning of the financial resources management system;

  • Continuous analysis and monitoring of the financial situation, presentation of forecasts for development and management projects;

  • Implementation of cost saving and reduction strategies in consultation with office management;

  • Routinely monitors financial exception reports for unusual activities, transactions, and investigates anomalies or unusual transactions. Informs supervisors and other UNDP staff at Headquarters of the results of the investigation when satisfactory answers are not obtained;

  • Preparation of cost-recovery bills in Atlas for the services provided by UNDP.

    Institutional Arrangement

  • The project finance associate would be reporting to the Team Lead for the Jubilees Fellowship Programme and may require to also follow up with the Finance team on issues that may arise regarding the smooth run of the programme.

    Competencies

  • Innovation: Adept with complex concepts and challenges convention purposefully

  • Contributes to prototyping, piloting, and evaluating lessons / feedback Leadership: Generates commitment, excitement and excellence in others;

  • Actively shares knowledge.

  • Communication and relationship management: Synthesizes information to communicate independent analysis

  • Communicates ideas and positions with command and confidence;

  • Finds common ground to solve problems.

  • People Management: Models independent thinking and action

  • Demonstrates behaviors of teamwork, collaboration, knowledge sharing, maintaining relationships.

  • Delivery: Meets goals and quality criteria for delivery of products or services.

  • Embraces complex challenges and opportunities for getting work done;

  • Ability to embrace challenges with minimal supervision;

  • Works to develop organizational awareness of UNDP’s approach to client service delivery and integrity and accountability.

    Required Skills and Experience

    Education

  • Secondary education or Bachelor's Degree in specialized qualifications in Financial management or related field.

  • Long-listed candidates may be required to undergo the UNDP Accountancy & Finance Test (AFT).

    Experience

  • 4 years of experience for Bachelors degree holders or 7 years of work experience with secondary education in providing financial resource management services, accounting advisory services and managing financial operational systems;

  • Experience in the usage of computers and office software packages (MS Word, Excel, etc.) and advance knowledge of spreadsheet and database packages, experience in handling of web-based management systems and ERP financials, preferably PeopleSoft;

  • Knowledge of UN/UNDP Financial Resource Management is desirable. q Excellent interpersonal and communication skills;

  • Working knowledge of UN principles, SDGs and international development in Africa;

  • Demonstrate the ability to showcase cross-disciplinary and cross-functional experience and expertise;

  • UNDP Advanced Accountancy and Finance test required.

    Language

  • Fluency in spoken and written English is required.

    How to Apply

  • For more information and job application details, see; UNDP Project Finance Associate - (NPSA7) Jobs in Nigeria ​


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