Finance Specialist - Payroll Finance Oversight (PFO)

Job Posting Organization:
The job posting organization is the United Nations Development Programme (UNDP), which is a global development network established in 196

• UNDP operates in approximately 170 countries and territories, working to eradicate poverty and reduce inequalities through sustainable development. The organization focuses on various areas, including democratic governance, peacebuilding, climate change, and disaster resilience, and aims to support countries in achieving the Sustainable Development Goals (SDGs). UNDP employs thousands of staff members worldwide, collaborating with governments, civil society, and the private sector to implement its mission and programs effectively.

Job Overview:
The Finance Specialist in the Payroll Finance Oversight (PFO) function plays a crucial role in ensuring the financial integrity of UNDP's global payroll operations. This position involves providing specialized technical expertise in payroll accounting, overseeing compliance with financial policies, and assessing payroll-related financial risks. The Finance Specialist will work closely with various teams within the Global Shared Services Centre (GSSC) to enhance payroll finance processes, advise on system configurations, and ensure compliance with international accounting standards. The role requires a proactive approach to identifying and mitigating risks associated with payroll activities, as well as contributing to the preparation of IPSAS-compliant financial statements and reports. The Finance Specialist will also be responsible for establishing effective payroll finance oversight, developing monitoring tools, and supporting internal and external audit processes.

Duties and Responsibilities:
The Finance Specialist's duties and responsibilities include reviewing and maintaining payroll-related financial policies and procedures, assessing and strengthening the payroll control environment, leading the review of payroll accounting mappings, and designing oversight tools and reports. The specialist will contribute to the preparation of IPSAS-compliant financial statements, establish payroll controls to comply with the Statement of Internal Control over Financial Reporting (SICFR), and perform analytical functions related to payroll finance oversight. Additionally, the role involves leading research and risk analysis to inform the development of financial policies, supporting audit processes, and facilitating knowledge sharing within the organization. The incumbent will also be expected to synthesize lessons learned and best practices in finance and contribute to knowledge networks.

Required Qualifications:
Candidates must possess an advanced university degree (master's degree or equivalent) in Finance or Accounting, or a professional accounting qualification from an accredited institute. Alternatively, a first-level university degree (bachelor's degree) in the relevant fields, combined with two additional years of qualifying experience, will be considered. Those with professional accounting qualifications will have a distinct advantage. Candidates without accountancy qualifications but with relevant experience must successfully undertake the UNDP Advanced Accountancy and Finance Test (AAFT) to be eligible for shortlisting. Additionally, candidates with degrees majoring in accountancy and/or finance must complete the UNDP Finance Training and Certification Programme (FTCP) if recruited.

Educational Background:
The educational background required for this position includes an advanced university degree in Finance or Accounting, or a professional accounting qualification from an accredited institute. A first-level university degree in the same fields, combined with relevant experience, may also be considered. Candidates without formal accountancy qualifications must demonstrate their capability through relevant experience and may need to complete specific training programs upon recruitment.

Experience:
The position requires a minimum of 5 years of experience in financial management, accounting, or auditing for candidates with a master's degree, or 7 years for those with a bachelor's degree. Proven experience and a sound understanding of IPSAS/IFRS are essential, along with experience using ERP financial systems, preferably Oracle. Strong analytical and report-writing skills are necessary, as well as demonstrated experience in AI, digital transformation, and process automation. The candidate should also be a collaborative team player with the flexibility to work across global time zones.

Languages:
Fluency in English is required for this position. A working knowledge of another UN language is considered an advantage, enhancing the candidate's ability to communicate effectively in a diverse international environment.

Additional Notes:
The position is classified under the NPSA Level 10 band, with a remuneration range in Madrid from EUR 4,819 to EUR 6,188, depending on experience and qualifications. The PSA contract includes a generous benefits package, including annual leave, sick leave, parental leave, medical insurance, and pension contributions. UNDP is committed to diversity and inclusion, encouraging qualified applicants from all backgrounds to apply. The organization does not tolerate harassment or discrimination and ensures a fair recruitment process. Additionally, UNDP reserves the right to select multiple candidates from this vacancy announcement and may retain applications for similar positions.