International Atomic Energy Agency
Vacancy Notice No. 2013/041

Position and Grade: Associate Treasurer (P-2)
Organizational Unit: Treasury Unit
Division of Budget and Finance
Department of Management
Duty Station: Vienna, Austria
Issue Date: 17 April 2013
Application Deadline: 14 May 2013
Type/Duration of Appointment: Fixed term, 3 years (subject to a probationary period of 1 year)

Organizational Setting

The Department of Management (MT) provides a ‘platform of services’ that serves as a foundation for the successful delivery of the IAEA’s scientific and technical programmes. Its mission statement is as follows: “MT is a partner and a business enabler that champions change and efficiency, leveraging a common purpose”. Thus, among other support activities, it assists a scientific manager in recruiting the right expert, helps a technical officer coordinate the purchase of radiation equipment, works with the press to help clarify the technically complex work of the IAEA, and ensures that all Board documents are translated and distributed on a timely basis to Member States.

The Division of Budget and Finance manages the financial resources essential for full implementation of the IAEA’s scientific and technical programmes. The Division provides financial services and solutions for programme budgeting, treasury, payments, payroll, financial accounting and reporting to support the IAEA’s mandate.

The Treasury Unit is responsible for the management of the IAEA’s investments according to the approved investment guidelines. It ensures that an appropriate balance of cash is available to meet all financial obligations in the required currencies, conducts foreign currency dealings, manages banking relationships, performs bank transactions and records all cash receipts.

Main purpose

Under the general guidance of the Treasurer, the Associate Treasurer provides analysis and day-to-day leadership on the management of the IAEA's cash holdings, ensuring that funds are available to meet financial obligations including investment of excess cash, maintaining sufficient funds in current bank accounts, performing bank transactions (including investments and foreign exchange according to the approved guidelines) and ensuring that all investments and foreign exchange transactions are properly booked in our system. The Associate Treasurer serves as the Secretary of the Investment Committee of the IAEA, and as acting Treasurer during the absence of the Treasurer.

Role

The Associate Treasurer is: (1) a financial analyst, reviewing on a daily basis the IAEA's cash position to ensure security of the funds, adequate liquidity and that the funds are earning competitive rates while keeping abreast with the financial markets in order to take informed actions; (2) a financial officer, ensuring that all transactions affecting the cash holdings of the IAEA, especially investments and foreign exchange transactions, are conducted and recorded properly in the IAEA's accounts; (3) a liaison, collecting and analyzing financial information from banks and other sources with regard to Treasury activities, and coordinating/participating with other sections/units of the IAEA in finding solutions, and; (4) an innovator, looking for ways to improve the Treasury operations with the use of new technology and best practices in Treasury.

Partnerships

The Associate Treasurer supports the Treasurer in his/her interactions with the internal/external auditors regarding audits of treasury operations and investments. Close relationships are built and maintained with bank representatives regarding banking services, investments and foreign exchange. Significant interaction also takes place with other sections/units in MTBF and AIPS Support Unit (ASU) to coordinate work and harmonize the finding of solutions. The Associate Treasurer also interacts with other Treasury officers in the UN system.

Functions / Key Results Expected

  • Contribute to the overall objective of the Treasury, namely to ensure maximum benefit from the IAEA's holdings by planning the daily cash requirements of the IAEA and keeping only the optimal amount needed to pay daily expenditures on current accounts.
  • Conduct investments and foreign currency transactions based on approved framework/guidelines/procedures, and ensure the proper accounting records of these transactions.
  • Retrieve and monitor daily cash positions as well as any other report requested by the Treasurer including the IAEA's cash holdings (investments and current accounts) for the closure of accounts, and coordinate the monthly closure of cash accounts.
  • Together with the Treasurer, analyse current banking agreements and compare them with competing offers to ensure that the IAEA is receiving appropriate banking services at the lowest costs.
  • Keep abreast with the financial markets in order to take informed actions, monitor credit ratings and market based indicators of the credits/issuers in which the IAEA invests its funds.
  • Make recommendations to the Treasurer on ways to improve the Treasury operations and also play a key role in the documentation of all Treasury procedures.
  • Support the Treasurer in minimizing IAEA liability by keeping excess holdings of currencies that are difficult to convert to a minimum through the use of banks or other UN agencies.
  • Serve as Secretary for Investment Committee meetings, preparing and distributing the meetings minutes. Prepare draft Treasury reports for the Investment Committee.
  • Work closely with the support teams of AIPS in order to request changes, report problems and test solutions.
  • Support the Treasurer in his/her interactions with internal and external auditors regarding their audit observations.

Knowledge, Skills and Abilities

  • Professional knowledge: Sound knowledge of investments/foreign exchange operations including their accounting.
  • Good knowledge of IPSAS/accrual accounting.
  • Good knowledge of ERP (enterprise resource planning) preferable the Treasury module of Oracle, knowledge of electronic banking and proficiency in Excel, as well as standard software (MS Windows, Word, PowerPoint).
  • High level of integrity.
  • Interpersonal skills:
    • Excellent sense of tact, sensitivity and client orientation;
    • Ability to establish and maintain partnerships with internal and external counterparts;
    • Proven ability to work in a multicultural environment with sensitivity and respect for diversity.
  • Teamwork: ability to work effectively in a team and to recognize the contribution of others.
  • Attention to detail and accuracy.
  • Change management: High level of initiative and flexibility to adapt to a rapid changing Treasury environment.
  • Good communication skills: Ability to draft documents and prepare financial reports.

Education, Experience and Language Skills

  • University degree (preferably an advanced degree) in accounting, finance or business administration.
  • Minimum of two years of relevant experience including in cash management/investments/foreign exchange, banking, finance and accounting, at least one year of which at the international level.
  • Proficiency in both written and spoken English. Knowledge of other official IAEA languages (i.e. Arabic, Chinese, French, Russian or Spanish) an advantage.

Remuneration

The IAEA offers an attractive remuneration package including a tax-free annual net base salary starting at US $46 730 (subject to mandatory deductions for pension contributions and health insurance), a variable post adjustment which currently amounts to US $25 374*, dependency benefits, rental subsidy, education grant, relocation and repatriation expenses; 6 weeks' annual vacation, home leave, pension plan and health insurance.

How to apply to the IAEA

Complete an Online Application

* Subject to change without notice


Applications from qualified women and candidates from developing countries are encouraged

Applicants should be aware that IAEA staff members are international civil servants and may not accept instructions from any other authority. The IAEA is committed to applying the highest ethical standards in carrying out its mandate. As part of the United Nations common system, the IAEA subscribes to the following core ethical standards (or values): Integrity, Professionalism and Respect for diversity. Staff members may be assigned to any location. The IAEA retains the discretion not to make any appointment to this vacancy, to make an appointment at a lower grade or with a different contract type, or to make an appointment with a modified job description or for shorter duration than indicated above. Testing may be part of the recruitment process.

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