Finance Associate

VACANCY DETAILS

Job Title: Finance Associat

eGrade: G

6Type of Contract: Fixed Ter

mDuration: 1 Year (with possible renewable

)Reporting To: Finance Office

rDuty Station: New Delh

iDate of Publication: 0+ August 202

4Deadline of Application: 23-Aug -202

4

TERMS AND CONDITI
• ONSThis vacancy is open to Indian National o
• nlyThis vacancy is open to internal and external candidates. As per WFP's Recruitment & Selection Policy, the definition of ''internal'' is only applicable to WFP staff members holding a permanent, continuing or FT Appointm
• entOnly candidates under serious consideration will be contac
• tedA Written test will be used for Screening Candida
• tesOnly recommended candidates will be retained on roaster for a period of two years and may be considered for similar positions from roast
• er.The salary for this position is non-taxable (subject to medical and pension deduction). The incumbent will be entitled to benefits related medical, pension, leave as per WFP poli

cy.

Job P

urpose
To coordinate and provide accounting and financial support services involving the recording and interpretation of financial information, internal control compliances, payables management and data analysis to facilitate the efficient functioning of the support services and informed decision-

making.
Key Responsib

ilities
The position reports directly to the Head of Finance (Finance Officer) and will be responsible for the Finance Operations functions are as

follows:
1. Provide the procedural and technical support to staff within the areas of finance and budget, to ensure compliance with corporate financial policies, rules and re

gulations.2. Support the development and implementation of financial policies and procedures, and assist in setup and implementation of proper accounting procedures, systems and cas

h controls3. Monitor account balances and process financial transactions in an accurate and timely manner, to avoid the occurrence of an

overdraft.4. Monitor the centralised Invoice Tracking System (ITS) in order to process all invoices and payments to external suppliers in a timely manner and in accordance with WFP

standards.5. Contribute to the preparation, implementation and monitoring of financial forecasts, to ensure that relevant future funding requirement

s are met.6. Contribute to monitoring and evaluation of financial risks and the effectiveness of internal controls. Recommend and participate in process improvement inte

rventions.7. Analyze financial data to identify trends, anomalies, and areas for improvement, providing insights and recommendations for decisi

on-making.8. Monitor and analyze books of accounts and balances to ensure achieve timely and corrective action and compliance with corporate policies and re

gulations.+. Compile data from the WFP database and systems in order to assist in generating and analyzing financial reports on a monthly basis. Assist in developing external donor financial spendin

g reports.10. Co-ordinate with other teams in order to ensure that all financial services are being performed efficiently and in line with the needs of the w

ider team.11. Coordination with bank for payment and other related official day to

day matter12. Accounting and compliances with GST requirements in close coordination with corporate GST c

onsultant.13. Payables management including analysis of Vendor, staff payments and managing petty cash accounts to ensure services are delivered consistently and to the required

standard.14. Allocate tasks to other support staff, as required, provide guidance to peers and on-the-job training in management of financial r

esources .15. Maintains and keep up to date finance and account

ing files.16. Other related duties assigned by head o

f the unit

Q

ualification
Completion of secondary school education. A post-secondary certificate in the related functional area. University degree in Finance and Accounting, or related fields

is desirabl

e
Experience:
-Six or more years of progressively responsible work experience in the relative areas of account

ing and finance-Familiarity with SAP/ERP/similar accounting software application is consid

ered as a plus.-Proficiency in Microsoft Office applications (Excel, Word a

nd PowerPoint).- Has experience assessing financial health of th

e CO operations
Functional Knowledge a

nd Capabilities:
1- Internal Controls and Compliance: Demonstrates basic knowledge of internal controls, risk management, and monitoring mechanisms and the

ir applicability.2- Performance Analysis and Reporting: Demonstrates participation in performance analysis and planning efforts by developing basic CO finance operations forecasts, incorporating information from various sources as appropriate

to monitor KPIs.3- Resource Management: Demonstrates ability to track and compile reports on CO finance operations an

d resource usage.4- Financial Mgmt. & Accounting Principles: Applies knowledge of financial and accounting principles and practices to ensure compliance with corporate policies, applicable procedures and acco

unting sta

ndards.
Language: Fluency in both oral and written English is required