Financial Verification Officer- Vienna, Austria

United Nations Industrial Development Organization (UNIDO), Vienna, Austria   Requisition ID: 5709                                                                          Indicative Minimum Net Annual Salary: 105,037 USD                                Qualification:

• Advanced university level (master’s or equivalent) degree in business administration, international relations, finance, accounting or related field of expertise, is required.      

Experience:

• At least five (5) years of professional experience in financial and accounting operations, with focus on financial management and cost recovery procedures and techniques at international level is required.
• Progressive experience in financial controlling, verification and advisory services, preferably in an international organization or a public sector is required. Experience in an international organization, such as within the UN system, is desirable. 
• Strong analytical skills with the ability to interpret and evaluate complex data and information are required.
• Excellent written communication skills, with the ability to convey information clearly and concisely, are essential.
• Familiarity with ERP systems, particularly the SAP financial module, as well as experience in coordinating work planning, monitoring, and reporting processes, is highly desirable. .

Main Responsibilities:

• Implementation and maintenance of cost recovery policies and processes: Conducting regular compliance checks and verification to ensure adherence to Full Cost Recovery policies and procedures. Providing ongoing advice to project managers, support staff, and internal service providers. Developing, updating, and maintaining a centralized database for cost recovery process outputs.
• Financial control and verification relevant to grant agreements: Ensuring compliance with funding partner requirements related to the financial management of grants.
• Monitoring adherence to the Grants Manual and procedures for grant verification. Providing expert advice on strengthening the control environment to ensure that ineligible costs are not reported to funding partners. Bank Master Data Management: Ensuring the accurate maintenance of bank account details for staff, non-staff, vendors, and financial institutions within the UNIDO ERP system.
• Monitoring adherence to the Grants Manual and procedures for grant verification. Conducting regular data quality checks, including cleansing and correcting duplicate or erroneous entries to maintain data integrity and accuracy. Generating and analyzing reports on bank master data management activities, identifying areas for improvement, and implementing corrective actions. Maintaining a clear and auditable trail of interventions related to bank master data. Policy and Procedure Development:  Assisting in drafting and maintaining policies, standard operating procedures, and guidelines for Full Cost Recovery, financial validation and verification processes, and Bank Master Data management. Reviewing and suggesting updates to operational processes to enhance efficiency and align with industry best practices. Training and Development: Acting as the technical focal point for internal and external stakeholders regarding Full Cost Recovery, Financial verification and Bank Master Data management. Designing relevant standard operating procedures; preparing guidelines, manuals and instructions.
• Preparing reports and analyses for internal and external audits, responding to inquiries and implementing recommendations as necessary.