Share this Job

Finance Officer


Post Number : BFM

Grade : P-3

Parent Sector : Bureau Of Financial Management (BFM)

Duty Station: Paris

Job Family: Finances

Type of contract : Temporary Appointment

Duration of contract : 1 year

Recruitment open to : Internal and external candidates

Application Deadline (Midnight Paris Time) : 02-AVR-2020


UNESCO Core Values: Commitment to the Organization, Integrity, Respect for Diversity, Professionalism



USLS is the UNESCO Staff Savings and Loan Service. USLS is established in the form of a trust fund operated in accordance with the financial rules of the Organization under the authority of the Director-General. The object of the USLS is to provide the possibility to its members on a mutualist basis of investing their savings and of borrowing money for suitable purposes.

Under the overall authority of the Chief Financial Officer, under the direct supervision of the General Manager and in accordance with guidelines and instructions from the UNESCO Staff and Loans Service Board of Management, the incumbent shall perform duties relating to investments, cash management, payments and shall supervise the Savings Unit.

Long Description

In particular, the incumbent shall:

  • Manage and upon approval of the General Manager, execute the investments of the Internal Portfolio (EURO and USD) in compliance with the UNESCO Investment Policy and the strategic asset allocation in money markets and fixed-income instruments.
  • Execute daily FX transactions related to members’ instructions.
  • Participate actively in any selection process of financial service providers. Propose new investments ideas to General Manager. 
  • Analyze macroeconomics development influencing both USD and Euro zones.
  • Establish aggregated cash-flow projections and adjust liquidity requirements and investment positions to minimize bank accounts balances and ensuring sufficient funds for liquidation of deceased members’ successions and members foreign currencies conversions.
  • Monitor performance and report Risks (market, liquidity, credit risk) for Internal and External portfolios.
  • Monitor changes in USLS’s accounts balances and ensure replenishment and sufficient liquidity availability to meet members’ withdrawals, conversions and funds for succession files payment commitments. Update cash forecast tables to reflect trends in deposits, withdrawals and currency transactions.
  • Develop Excel treasury tools with Bloomberg.
  • In agreement with the General Manager, advise relevant Committees on the current Asset Allocation and ALM constraints and prepare draft related report and document for changes to the current investment policy  to be presented to the Investment Committee.
Long Description
  • Ensure oversight of the members’ bank accounts database: approve new members’ accounts based on relevant documents; monitor, validate payments on the banking platform. Ensure compliance of payments with banking international standards, and solve payments issues.
  • Supervise the activities of the Savings Unit, liaise with members when necessary and ensure organization of important Unit’s activities: annual dormant account review, reaching out with new members, monitoring punctual surveys/questionnaires designing and monitoring results, carry out administrative team-management tasks within the required deadlines – in particular the drafting and monitoring of performance reports and submission of training requests – contribute to all development projects linked to the Savings Unit’s activities and to investments.
  • In compliance with instructions of the General Manager, participate actively in the selection/implementation of a new ERP systems.
  • Ensure first level control and compliance with the Unit’s internal processes. Participate in the review of the risk register and annual risk assessment of the Unit.
  • Represent the USLS by delegation in performing various financial and administrative tasks, and act as Secretary at meetings of the USLS Board of Management and General Assembly. Draft regular information notes related to financial markets and Unit activities to be inputted on USLS web platform.
  • Participate actively in the organization and monitoring of General Assembly procedures and in the various working groups occasionally established by the USLS Board of Management.
COMPETENCIES (Core / Managerial)
Communication (C)
Accountability (C)
Innovation (C)
Knowledge sharing and continuous improvement (C)
Planning and organizing (C)
Results focus (C)
Teamwork (C)
For detailed information, please consult the UNESCO Competency Framework.


  • Advanced university degree (Master or equivalent) in finance, accounting or management, with specialization in financial management.

Work Experience

  • Minimum 4 years of experience in banking, asset management and/or treasury in a large company at the international level, with front-office experience of making monetary and bond investments (buy-side required).
  • Experience of daily cash flow management.


  • In-depth knowledge of the rules and regulations of financial market operations with regard to financial products.  
  • Excellent knowledge of Bloomberg, Excel.


  • Excellent knowledge of French or English and a good knowledge of the other language. 

Work Experience

  • Experience of supervising a small team.

UNESCO’s salaries consist of a basic salary and other benefits which may include if applicable: 30 days annual leave, family allowance, medical insurance, pension plan etc.

For more information in benefits and entitlements, please consult ICSC website.


Evaluation of qualified applicants may include an assessment exercise and a competency-based interview.


UNESCO applies a zero tolerance policy against all forms of harassment.

UNESCO is committed to achieve and sustain gender parity among its staff members in all categories and at all grades. Furthermore, UNESCO is committed to achieving workforce diversity in terms of gender, nationality and culture. Individuals from minority groups, indigenous groups and persons with disabilities, as well as nationals from non-and under-represented Member States (last update here) are equally encouraged to apply. All applications will be treated with the strictest confidence. Worldwide mobility is required for staff members appointed to international posts. UNESCO does not charge a fee at any stage of the recruitment process.