Finance Specialist

United Nations Children's Fund

Copenhagen, Denmark

Experience: 5 to 10 Years

Skill Required: Accounts and Finance

Under the supervision of the Senior Manager (Innovative Financing), the Finance Specialist will coordinate the day-to-day deployment of financing interventions and other special contracting transactions, including under the Vaccine Independence Initiative (VII) Revolving Fund and other VII-enabled financial instruments, to help secure timely access to affordable essential health commodities for partner countries.

Summary of key functions/accountabilities:

  • Coordinates internal and external work on expansion of VII and other financing interventions with the objective of helping improve timely access (particularly to immunization and nutrition commodities) and/or market dynamics.
  • Leads origination and execution of financing transactions and liaises with partner countries, UNICEF country offices and financing partners such as the World Bank and the Bill and Melinda Gates Foundation.
  • Drafts transaction approval requests for submission to UNICEF senior management.
  • Leads financial monitoring, tracking and financial analysis activities for the Financing unit within UNICEF’s Procurement Services Centre.
  • Supervises Senior Planning Associate performing data reviews and analyses related to pre-financing and other special contracting transactions.
  • Leads design of tools to support the monitoring of special projects and activities.
  • Engages with other Supply Division units to ensure payments and monitor account balances and identifies and initiates required adjustments.
  • Supports negotiations and drafting of amendments/renewal of external donors’ and financing partners’ contributions.
  • Designs and prepares financial reports for internal management and external donors and other third parties with support from the Senior Planning Associate.
  • Executes year-end reporting and reconciliations for area of responsibility.
  • Prepares periodic reports, statements, schedules summaries analysis and document work papers relating to areas of responsibility. 
  • Addresses queries by UNICEF teams as well as external donors.
  • Analyses utilisation and optimises use of current capital base available for financing, including in-depth financial forecasting.
  • Drafts reports and reviews / recommendations of strategic options related to available financing mechanisms for essential health commodities.
To qualify as an advocate for every child you will have:
  • Advanced University Degree (Master’s degree) preferably in Business Administration, Finance or Economics is required.
  • A first University degree may be accepted in lieu of a Master’s degree in the above field in conjunction with two additional years of relevant work experience.
Work Experience:
  • Minimum 5 years of relevant financial industry experience (banking, accounting, auditing) in an international organization or in the private sector is required.
  • Experience with deploying financial instruments (including guarantees, trust funds, innovative financing mechanisms) desirable.
  • Proven strong analytical and numerical skills and detail-oriented.
  • Computer literacy (incl. good command of Microsoft Excel).
  • Experience with reviewing legal documentation is an asset.
  • Experience in interacting with internal and external stakeholders and donors (international organisations, philanthropists, etc.) desirable.
  • Experience with financing or commercial issues relating to health products is an asset.
  • Fluency in English is required. Knowledge of another official UN language (Arabic, Chinese, French, Russian or Spanish) is an asset.