Treasury Associate | UNDP Paid Internship | United States
Paid
Country: USA
City: New York
Details
Treasury Associate | UNDP Paid Internship | United States
The Treasury Associate main duty involves processing HQ payments daily and serving as a backup for confirming and settling investment transactions.
Duties and Responsibilities
- Payment processing in Quantum for UNDP and agencies service by UNDP in HQ and filter payments for data quality and compliance:
- Run the Payment Process Request (PPR) in Quantum for A/P, Check, Manual, and T&E including invoices prepared by Country Offices.
- Determine the funding requirements for HQ disbursing bank accounts in all currencies, and advise the Treasury Associate of the Investment Unit of the liquidity needed.
- Monitor PPR process in Quantum and TRAX, and troubleshoot PPR failure immediately in Quantum/TRAX, and inform relevant business unit agencies of the failure and required resolution action.
- Monitor and troubleshoot the payments including managing payment inquiries and payment monitor, recall and returned/rejected payments.
- Send electronic payment advice file to Agencies for EFT transactions processed.
- Alert the Treasury Specialist any unusual issues of manual processing
Payment processing in SWIFT:
- Manually prepare SWIFT messages for payments and Treasury transactions that could not be processed as STP from Quantum and Integrity.
- Ensure compliance to UNDP FRR for the payments prepared and released from SWIFT, and reconcile transactions prepared and released against acknowledgements from SWIFT.
- Maintain records for manual payments processed through SWIFT and Bank Balances for year-end accounts closure.
Issue checks and manage check and cash deposits:
- Prepare system checks for all approved check payments, run CHK PPR, and distribute checks.
- Follow up with payees on checks that have not been collected
- Maintain the check register for the disbursement accounts.
- Process returned checks.
- Follow established procedure to deposit check and cash and maintain records of deposits including those of collection items and follow up to ensure that collection items are credited.
Providing back-up support to the unit:
- Perform as back-up to Treasury Associate position (Post no. 26293) and Senior Treasury Associate (Post no. 26506) and as assigned by the Supervisor.
- Do other duties as assigned by the supervisor.
Check: Taiwan International Internship Program 2024 (Fully Funded)
Required Skills and Experience of Treasury Associate
Education:
- Completion of Secondary Education/High School Diploma is required;
- A first level university degree (Bachelor’s degree) in Finance, Business or Public Administration is desirable, but it is not a requirement.
- Having a specialized certification in Accounting and Finance is preferred.
Experience:
- Minimum 6 years (with Secondary Education/High School Diploma) or 3 years (with Bachelor’s degree) of relevant experience in cash management/treasury or banking function;
- Experience in the usage of computers and office software packages (MS Word, Excel, etc) is required;
- Advanced knowledge of spreadsheet and database packages, experience in handling of web-based management systems is required;
- Experience with ERP financials, preferably Oracle, IPSAS, Treasury and Accounts Receivable modules will be an asset;
- Knowledge of global payment system, banking, and SWIFT desirable.
- Having a country office experience at the UN system is desirable;
- Knowledge and experience of UNDP financial policies and procedures is an asset;
Language:
- Fluency in the English language is required;
- Working knowledge of another UN language is an advantage.
Please note that continuance of appointment beyond the initial 12 months is contingent upon the successful completion of a probationary period.
Specifications
| Type of Opportunity | Internships |
|---|---|
| Deadline | 01 March,2024 |
| Country | USA |
| City | New York |
| Organizer | UNDP |