UNDP Project Finance Associate 2024 in Philippines

The UNDP Project Finance Associate will be working under the overall guidance of the Project Manager and under direct line management of Project Finance Analyst.

The Programme addresses three main levels:

• Establishing a Policy Dialogue Platform at the central government level to mobilize EU expertise to facilitate policy formulation, improve city-to-city collaboration through supporting the development of a National Circular Economy Strategy and Roadmap, extend the dialogue to promote renewable energy/energy efficiency, and to apply the dialogue’s outcomes;
• Working with local government units (LGUs) where EU expertise will support to define and implement circular economy, climate change, and energy policies with a human rights and gender-responsive perspective, outreach and support of local business and civil society, and support less advanced LGUs;
• Enhancing engagement of the private and financial sectors into the circular waste economy creating better conditions for private sector investment by supporting business-driven waste reduction strategies\ and circular solutions in the production process.

Duties and Responsibilities:

1. Ensure administration and implementation of project financial management strategies; and adapt processes and procedures.
   • Ensure full compliance with UNDP Programme and Operations Policies and Procedures (POPP) of financial activities and financial recording/reporting system.
   • Support the Project Finance business processes mapping and elaboration of the content of internal standard operating procedures in programme finance in consultation with office management.
   • Provide researched information for the audit of the project. Implement and follow-up on audit recommendations.
   • Implement financing and trust fund agreements.
2. Provide support to the project and ensure optimal cost recovery.
   • Assist the Project Manager and PMU in day-to-day management of project activities.
   • Develop and follow up on project portfolio in ERP. Enter data of new grants into ERP in the form of Annual Work Plans (AWPs) and monitor AWPs status.
   • Verify accuracy of Combined Delivery Reports and follow-up on their signing by National Counterparts. Regularly monitor the project delivery.
   • Provide information and reports on the situation of the project, identify financial problems, and propose solutions.
   • Prepare timely cost-recovery bills in ERP for the services provided, implement the revenue tracking system, and follow up on cost recovery.
3. Provide support to implementation of the resource mobilization strategy.
   • Support elaboration of conditions of contributions within the project resource mobilization efforts.
   • Monitor financing contributions, prepare AR pending items, and maintain contributions/receivables documentation.
   • Provide support and advice to Project Staff on different donor reporting requirements; prepare donor reports and monitor financial reports to be submitted to donors.
   • Review financing agreements and obtain clearances from HQ if necessary.
   • Support Responsible Parties in the review of financial document and ensure compliance with UNDP POPP and HACT guidelines, as necessary.
   • Track and report on mobilized resources by performing the following tasks:
   • Enter agreement information into Contracts Module and attach copy of the signed agreement in ERP.
   • Submit information based on financing agreements to GSSU including amendments.
4. Ensure facilitation of knowledge building and knowledge sharing and provide guidance to stakeholders on financial matters.
   1. Provide guidance to the executing agencies on routine implementation of the project and tracking use of financial resources.
   2. Organize and conduct training for the operations and projects staff on financial management.
5. Assist in providing regular training and technical guidance and/or advice on audit and compliance matters, including implementation of Internal Control Framework (ICF).

Check: UNDP Project Management Specialist Internship in Libya

Required Skills and Experience for UNDP Project Finance Associate

• Education:
  • Secondary Education. University degree in Finance or Accounting desirable. Part-qualified accountants from an internationally accredited institute of accountancy will have a distinct advantage.
  • Candidate with no professional accountancy qualifications but with relevant experience must successfully undertake UNDP Accountancy and Finance Test (AFT) before shortlisting and must complete the UNDP Finance Training and Certification Programme (FTCP), if recruited.
  • Candidates with no professional accountancy qualifications, but with degrees that major in accountancy and/or finance must complete UNDP Finance Training and Certification Programme (FTCP), if recruited. However, no UNDP Accountancy and Finance Test (AFT) is required.
  • For fully qualified accountants from an internationally accredited institute of accountancy or for those that have full completion of the UNDP Finance Training and Certification Programme (FTCP), no UNDP Accountancy and Finance Test (AFT) is required.
• Experience: