Head of Project Finance (Internal Candidates Only), Copenhagen, Denmark
UNOPS København
Head of Project Finance (Internal Candidates Only), Copenhagen, Denmark Organization: United Nations Office for Project Services (UNOPS) Country: Denmark City: Copenhagen Office: UNOPS HQ Copenhagen Background Information - Job-specific About Finance Group The Finance Group (FG) is a critical and strategic business function in UNOPS and serves as an authoritative and integrated partner in the organization on strategic financial planning and budgeting, business strategy and practices, financial analysis and risk assessment, financial management services and long term organisational treasury and investments.
As the steward of resources of a self-financing UN entity, FG is accountable for timely cost recovery and reporting to partners, maintaining the integrity and transparency of financial management of resources in accordance with the highest standards of ethics and organisational/international accountability framework and the accurate and transparent financial reporting to governing bodies, clients, partners and stakeholders.About the Role Reporting to the Deputy CFO, the Head of Project Finance serves as a key member of the UNOPS Finance Group leadership team. The role contributes to FG's vision of being a true business partner to UNOPS projects, by providing advice on all financial matters for client project delivery to senior management and members of the project teams.
This role ensures sound financial management and project sustainability, while overseeing full cost recovery strategies and financial planning in alignment with UNOPS policies and UNOPS strategic plan. The Head of Project Finance is integral in the shaping and execution of a strategy that supports financial sustainability and operational excellence.
Functional Responsibilities Summary of functions Project Finance Management Cost Recovery and Cost Attribution Management Project Financial Oversight Team leadership Knowledge management 1. Project Finance Management Lead and oversee the Project Finance team, ensuring sound financial management of UNOPS service delivery.
Develop and implement policies, processes, IT systems, and risk mitigation strategies to enhance financial sustainability. Ensure that project financial planning, budgeting, and cost recovery are aligned with UNOPS rules and regulations, policies and best practices.
Oversee the negotiation and review of global and individual partner agreements and templates, ensuring compliance with policies and appropriate documentation of partner needs. Provide authoritative advice and support to UNOPS delivery functions, ensuring financial viability and compliance with donor agreements and UNOPS policies.
Lead and coordinate project agreement financial reviews, financial reporting, monitoring, and forecasting to improve decision-making and financial transparency. Ensure integration and alignment of project finance activities, policies and procedures with UNOPS financial planning, budgeting, treasury, and accounting.
Ensure adequate controls for project financial management. Establish robust governance mechanisms for project financial closure. 2. Cost Recovery and Cost Attribution Management Develop, review and update policies, procedures, systems and frameworks related to full cost recovery and attribution of indirect and shared services cost.
Lead policy development on cost recovery mechanisms, including planning of recovery rates, reviewing cost recovery budget proposals, and overseeing recovery performance. Provide authoritative advice to UNOPS delivery functions in regards to cost allocation and financial sustainability.
Oversee the approval of budget allocations, reallocations and revisions in accordance with the UN rules and regulations, and procedures and appropriate controls. Oversee the design, monitoring, and adaptation of financial policies, ensuring efficiency, transparency, and compliance with UN system wide standards and UNOPS policies.
3. Project Financial Oversight Lead and design a strategic approach to Project Finance and Cost Recovery policies, processes, and systems in alignment with UNOPS strategic plan. Provide support to the UNOPS Biennial Budget Estimates process in regards to cost recovery principles and cost classification, ensuring alignment with corporate priorities and financial sustainability.
Lead engagement with Executive Board, ACABQ, and other governance bodies, presenting cost recovery and project financial proposals and advocating for financial priorities. Drive innovations in budgetary methodologies, ensuring alignment with best practices in financial forecasting and planning Collaborate with senior management on development of UNOPS Strategic Plan and related documents, providing insights on best practice and evolving trends Provide regular oversight to the CFO and DCFO as well as UNOPS senior management on organisational financial sustainability, cost recovery and project financial key information.
Oversee UNOPS project financial records in UNOPS central IT systems. Provide support to internal and external audits on project finance and cost recovery management related questions. Establish the annual work plan for the Project Finance team in collaboration with the Deputy CFO and stakeholders.Set objectives, performance measurements, standards and results expected. Monitor implementation of the team's annual work plan, oversee progress and ensure delivery of results as planned and according to expectation. Promote teamwork and collaboration by providing the team with clear direction, objectives and guidance to enable them to perform their duties responsibly, effectively and efficiently.
Plan, recruit and develop a flexible workforce with the skills and competencies needed to ensure optimum performance and ensure gender and geographical diversity. Lead team members efforts to collect and analyze data and provides insight to identify trends or patterns for data-driven planning, decision-making, presentation and reporting.
Foster a positive work environment, respectful of all, and ensure that the highest standards of conduct are observed. 5. Knowledge Management Establish processes and tools for managing and enhancing the planning and execution of Project Finance activities at UNOPS.
Promote continuous improvement in financial policies, processes and systems. Drive continuous improvement in Project Finance operations, systems and processes through sharing examples and development of new tools. Lead consolidation and dissemination of lessons learnt and best practices in change management in Project Finance activities.
Represent UNOPS in UN system wide bodies, e.g. the FMOG, FAFA and ad-hoc working groups as they relate to relevant matters. Competencies Develops and implements sustainable business strategies, thinks long term and externally in order to positively shape the organization.
Anticipates and perceives the impact and implications of future decisions and activities on other parts of the organization. Treats all individuals with respect; responds sensitively to differences and encourages others to do the same. Upholds organizational and ethical norms.
Maintains high standards of trustworthiness. Role model for diversity and inclusion. Acts as a positive role model contributing to the team spirit. Collaborates and supports the development of others. For people managers only: Acts as positive leadership role model, motivates, directs and inspires others to succeed, utilizing appropriate leadership styles.
Demonstrates understanding of the impact of own role on all partners and always puts the end beneficiary first. Builds and maintains strong external relationships and is a competent partner for others (if relevant to the role). Efficiently establishes an appropriate course of action for self and/or others to accomplish a goal.
Actions lead to total task accomplishment through concern for quality in all areas. Sees opportunities and takes the initiative to act on them. Understands that responsible use of resources maximizes our impact on our beneficiaries. Open to change and flexible in a fast paced environment.
Effectively adapts own approach to suit changing circumstances or requirements. Reflects on experiences and modifies own behavior. Performance is consistent, even under pressure. Always pursues continuous improvements. Evaluates data and courses of action to reach logical, pragmatic decisions.
Takes an unbiased, rational approach with calculated risks. Applies innovation and creativity to problem-solving. Expresses ideas or facts in a clear, concise and open manner. Communication indicates a consideration for the feelings and needs of others.
Actively listens and proactively shares knowledge. Handles conflict effectively, by overcoming differences of opinion and finding common ground. Education/Experience/Language requirements Education Graduate university degree in finance, business, economics, accounting or a related numerate field is required A combination of an undergraduate degree with two additional years of work experience may be accepted in lieu of the advanced university degree.
Relevant professional accreditation or qualification in finance is desired. Experience A minimum of 10 years of progressively responsible experience in financial accounting, budgeting/resource planning, financial management or related fields is required.
Experience leading and managing a team is required. Experience working on financial matters as they relate to project management, including project budgeting and project reporting is a distinct advantage Experience with cost recovery mechanisms for self financing entities is desirable Experience in negotiations for global financial agreements is desirable Understanding of UNOPS financial model as it relates to client projects is a strong asset Language Requirements Full working knowledge of English.
Knowledge of another official UN language is an asset Contract type, level and duration Contract type: Staff Contract level: P5 Contract duration: Fixed-term staff contract - One year initially, renewable subject to satisfactory performance and funding availability As per the terms of the Host Agreement between UNOPS and the Government of Denmark, UNOPS officials are privileged to an exemption from taxation on the salaries and emoluments paid to them by UNOPS granted that they reside in Denmark.
For more details about United Nations staff contracts, please follow this link: https://www.unops.org/english/Opportunities/job-opportunities/what-we-offer/Pages/UN-Staff-Contracts.aspx Additional Information Please note that UNOPS does not accept unsolicited resumes.Applications received after the closing date will not be considered. Please note that only shortlisted candidates will be contacted and advance to the next stage of the selection process, which involves various assessments. UNOPS embraces diversity and is committed to equal employment opportunity.
Our workforce consists of many diverse nationalities, cultures, languages, races, gender identities, sexual orientations, and abilities. UNOPS seeks to sustain and strengthen this diversity to ensure equal opportunities as well as an inclusive working environment for its entire workforce.
Qualified women and candidates from groups which are underrepresented in the UNOPS workforce are encouraged to apply. These include in particular candidates from racialized and/or indigenous groups, members of minority gender identities and sexual orientations, and people with disabilities.
We would like to ensure all candidates perform at their best during the assessment process. If you are shortlisted and require additional assistance to complete any assessment, including reasonable accommodation, please inform our human resources team when you receive an invitation.
Terms and Conditions For staff positions only, UNOPS reserves the right to appoint a candidate at a lower level than the advertised level of the post. All UNOPS personnel are responsible for performing their duties in accordance with the UN Charter and UNOPS Policies and Instructions, as well as other relevant accountability frameworks.
In addition, all personnel must demonstrate an understanding of the Sustainable Development Goals (SDGs) in a manner consistent with UN core values and the UN Common Agenda. It is the policy of UNOPS to conduct background checks on all potential personnel.
Recruitment in UNOPS is contingent on the results of such checks. Tags financial management financial sustainability knowledge management project finance risk assessment Skills Financial Accounting Budgeting Resource Planning Project Management English Click the button below to visit the original announcement on the recruiting organization's website.
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