Treasury Manager

Job Posting Organization:
The job posting organization is UNESCO, which stands for the United Nations Educational, Scientific and Cultural Organization. Established in 1945, UNESCO aims to promote world peace and security" style="border-bottom: 1px dotted #007bff !important;">security through international cooperation in education, the sciences, and culture. The organization has a mission to contribute to the building of peace, the eradication of poverty, sustainable development, and intercultural dialogue. UNESCO operates in over 190 countries and has a workforce of approximately 2,000 employees. The organization is headquartered in Paris, France, and is known for its commitment to fostering collaboration among nations and cultures to achieve common goals.

Job Overview:
The position of Treasury Manager is crucial within the UNESCO Staff and Savings and Loan Service (USLS), which is a Fund-in-trust of the organization. The primary mission of the USLS is to provide staff members with savings and loan options in a mutualist spirit. The incumbent will be responsible for managing cash management activities, overseeing investments, and ensuring the smooth operation of the Savings Section, which includes supervising three staff members. The role requires a strong understanding of financial management, investment strategies, and treasury operations. The Treasury Manager will work under the overall authority of the Chief Financial Officer and directly report to the General Manager, ensuring compliance with the guidelines set by the Board of Management. The position also involves post-implementation monitoring of a new IT system, making it essential for the candidate to have a solid background in both finance and technology.

Duties and Responsibilities:
The Treasury Manager will have a comprehensive set of responsibilities, including:

• Investment & treasury management: This involves monitoring bank account balances, anticipating cash needs related to member transactions, and optimizing daily cash flow management. The incumbent will also be responsible for investing surplus funds in accordance with the investment policy and monitoring the performance of internal and external portfolios.
• Supervision of members’ operations: The role includes controlling and validating withdrawals and foreign exchange operations, resolving transaction-related issues, and improving procedures to optimize processes and risk controls.
• Supervision of the Savings Unit: The Treasury Manager will approve the opening of members' accounts, validate payments, and ensure compliance with internal regulations and banking standards.
• Focal point for the treasury management system: The incumbent will serve as the primary contact for the treasury software, producing personalized reports and coordinating system changes.
• Focal point for the new USLS IT system: This includes coordinating information to members, following up on deliverables, and supervising the update of technical documentation and procedures manuals.

Required Qualifications:
Candidates must possess an advanced university degree (Masters or equivalent) in Finance, Accounting, or Management, with a focus on financial management. Additionally, a professional financial qualification such as CFA, FRM, CA, CPA, or ACCA is required. The role demands in-depth knowledge of financial markets and instruments, as well as familiarity with IPSAS or IFRS accounting standards. Candidates should also have a good understanding of cash management software and classic office software, particularly spreadsheets and document presentation tools.

Educational Background:
The educational background required for this position includes an advanced university degree in a relevant field such as Finance, Accounting, or Management. A specialization in financial management is preferred. Furthermore, candidates must hold a professional financial qualification, which demonstrates their expertise and commitment to the field of finance.

Experience:
The position requires at least four years of experience in a bank or corporate treasury department, with proven expertise in cash management and fixed-income investments. Ideally, candidates should have at least two years of experience at an international level, which would provide them with the necessary exposure to global financial practices and standards.

Languages:
Fluency in English or French is mandatory, with a good level of proficiency in the other language. Additionally, knowledge of another working language of the United Nations, such as Arabic, Chinese, Russian, or Spanish, is considered desirable and would enhance the candidate's profile.

Additional Notes:
The position is classified as a P-3 level role within UNESCO, with a standard duration of assignment of two years, which is renewable. The contract is full-time and open to both internal and external candidates. The approximate annual starting salary for this position is $103,684, and benefits may include 30 days of annual leave, family allowance, medical insurance, and a pension plan. UNESCO emphasizes a commitment to diversity and encourages applications from candidates of various backgrounds, including those from under-represented Member States, minority groups, and individuals with disabilities. The organization maintains a zero-tolerance policy against harassment and is dedicated to achieving gender parity and equitable geographical distribution among its staff.