Finance Analyst [open to External Applicants]

Please note the appropriate Tier indicated in the vacancy title and ensure that you are holding the applicable contract as defined below: _
- _Tier 2: UNDP/ UNCDF/ UNV staff holding temporary appointments (TA), personnel on regular PSA contracts, and Expert and Specialist UN Volunteers _Background

The Office of Financial Resource Management (OFRM), Bureau for Management Services, supports the United Nations Development Programme (UNDP) in the promotion of its sustainable human development agenda. It achieves this by developing and making fully operational a dynamic and harmonized integrated resource management framework based on comprehensive analysis that enhances UNDP’s financial and administrative performance, as well as facilitates UN reform and coherence. To these ends, the framework addresses strategically critical financial resource planning and management issues, including results based budgeting; the integration of the Programming Arrangements and the Institutional Budget within the context of the integrated; enhanced cost classification and cost recovery; capital budgeting; adherence to International Public Sector Accounting Standards (IPSAS); foreign exchange and investment activities; corporate reporting of organizational assets; performance management tools and initiatives; and support to UN harmonization.

Effective and efficient integrated resources management is enabled through a continuous and robust process comprising of:

• Formulation and implementation of corporate financial and administrative strategies, policies and procedures.
• Formulation, alignment, documentation, and implementation of UNDP’s funding frameworks, assuring their integrity, viability and alignment with the Strategic Plan
• Provision of policy guidance, advisory services and operational support to strengthen client capacities and help them achieve results, seeking to build consensus within UNDP and with key stakeholders on critical budgetary related matters requiring Executive Board legislation.
• Administration of the organization’s internal control framework, overseeing and monitoring financial management of all global UNDP offices, including through formulation/implementation of resource planning, management and oversight tools and reports.
• Promoting clear accountability for financial transactions and producing financial statements, including financial reporting to donors and the UNDP Executive Board.
• Providing corporate reporting guidance to ensure that assets, liabilities, revenue and expenses are adequately recorded in all locations.

The Financial Performance Management and Reporting (FPMR) Division, part of the Office of Financial Management (OFRM), is responsible for establishing key aspects of the financial framework, policies, and procedures, and guidance in alignment with UNDP’s organizational goals and Strategic Plan.

Within FPMR, there are three units:

• Corporate Financial Reporting and Agency Services (CFRA): Responsible for promoting clear accountability for financial transactions and for producing UNDP’s corporate financial statements.
• Financial Performance Management (FPM): Responsible for managing aspects of financial performance, including the administration of the Annual Representation process and oversight of financial risks related to implementing partners, including the agency-wide Harmonized Approach to Cash Transfers (HACT) framework.
• Payroll Finance Oversight (PFO): Responsible for the financial oversight of payroll accounting functions, as well as the reporting of employee benefits and liabilities for all UNDP personnel.

This Terms of Reference is specifically tailored for the FPM team with a focus on the responsibilities stated above.

Duties and Responsibilities

1) Oversee HACT Framework implementation and compliance, including:

• Act as HACT focal point and provide technical interpretation of the HACT POPP, maintain updated Frequently Asked Questions (FAQs) and lead in resolution of inconsistencies identified by offices ensuring the POPP remains updated.
• Support UNDP offices in the effective implementation and compliance with the HACT Policy and Procedures (POPP).
• Conduct review and analysis of data and outputs related to HACT planning, implementation, and reporting, ensuring actions are properly documented.
• Prepare timely quarterly HACT snapshot reports with clear guidance to Central and Regional Bureaux on required actions.
• Coordinate and deliver HACT refresher training to offices.
• Support offices in addressing HACT-related audit queries raised by both external (UNBOA) and internal auditors.
• Provide guidance to offices on engagement of HACT third-party service providers and any queries arising from such engagements e.g. interpretation of the TORs.
• Facilitate inter-agency collaboration on HACT-related initiatives, including contribution to review of the HACT Framework and participation in the IP Risk Management Group.

**2) Lead Quant