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

• 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