UNRWA is a United Nations agency established by the General Assembly in 1949 and is mandated to provide assistance and protection to a population of some 5 million registered Palestine refugees. Its mission is to help Palestine refugees in Jordan, Lebanon, Syria, West Bank and the Gaza Strip to achieve their full potential in human development, pending a just solution to their plight. UNRWA’s services encompass education, health care, relief and social services, camp infrastructure and improvement, microfinance and emergency assistance. UNRWA is funded almost entirely by voluntary contributions. UNRWA is the largest UN operation in the Middle East with more than 30,000 staff. UNRWA seeks the services of a seasoned and innovative professional, highly motivated to provide skilled leadership in the position of:


Chief, Treasury Division


Vacancy Announcement Number




Deadline for Applications

6 October 2015

(22 September 2015 for internal applicants)

Duty Station

HQ Amman, Jordan


­­­­­­­­­­­­­­­­­Under the direct supervision of the Director of Finance, the Chief of Treasury Division is in charge of UNRWA's Treasury, which is a separately operated unit within the Finance Department.  In accordance with the established Agency policy and procedures, the incumbent will:


Primary Duties and Responsibilities

        Manage the cash resources of UNRWA and reports to Director of Finance on the cash flow situation of the Agency on a regular basis, and invest surplus funds at the highest and safest rate of return with due regard to security, liquidity and convertibility;

        Effect the disbursement of Headquarters’ funds and funding of the Field offices, providing them with advice on treasury matters as necessary;

        Prepare periodic reports on time deposits, daily cash position, exchange rates, miscellaneous income and cash flow projections, with monthly updates for information and control purposes, including a monthly review of the Fields’ Bank Reconciliations and coordinate follow-up actions;

        Initiate and implement improvements to relevant UNRWA procedures by proposing policies and procedures covering Treasury operations, and in identifying electronic banking, money transfer and balance reporting;

        Manage the Agency's banking arrangements, relations with banks and monitors services obtained; move the Agency onto on-line banking platforms where possible; this includes implementing online banking for Fields/HQs;

        Receive records and deposit incoming funds to Headquarters bank accounts; in co-ordination with External Relations and Communications Department (ERCD); follow up on the payment of outstanding pledges;

        Coordinate the weekly Cash Flow forecasting of  Fields, HQs and ERCD; this includes liaising with ERP on system enhancements to the Cash Flow Module;

        Develop and implement strategies to minimise the Agency’s foreign currency exposures, including hedging using FX Derivative instruments; work closely with Accounts on the correct accounting entries for the derivative instruments;

        Serve as a member of the Provident Fund Committee, the Investment Review Committee and other committees, as required.


Professional Knowledge and Experience

        Advanced university degree from an accredited educational institution in accounting, business administration, commerce or other related discipline;

        At least ten years’ experience in the application of the knowledge acquired above, specifically in commercial and international banking and treasury management, including three years’ experience at a senior level in euro-dollar and international money market operations;

        Excellent command of written and spoken English.



        Proven skills in cash and foreign currencies management, including an understanding of Foreign Currency derivative instruments and related accounting treatment;

        Demonstrated ability to operate electronic banking systems and knowledge of standard applications;

        Excellent analytical skills;

        Ability to cope with multiple tasks effectively;

        Ability to work under difficult conditions;

        Demonstrated management skills in a multi-cultural environment;

        Ability to motivate staff;

        Excellent communication skills and an ability to work effectively with people at all levels in the organization.


Desirable Qualifications         

        Experience in computerised financial systems;

        Membership of a professional accountancy body such as Association of Chartered Certified Accountants (ACCA), Institute of Chartered Accountants (ICA) or Chartered Financial Analyst (CFA) etc.

Additional information

The incumbent will be required to travel in the Agency's area of operations in the Middle East and outside the Agency's area of operations to maintain working contacts with the Agency's bankers and investment managers.



When the minimum requirements are not fully met, the Human Resources Department may substitute part of the unmet requirements under UNRWA’s equivalency determination guidelines with a combination of relevant academic qualification, additional professional training and/or progressive relevant work experience. Note: Work experience alone or formal qualifications with no relevant work experience are not considered sufficient for an equivalency determination.


Conditions of Service 

UNRWA offers an attractive compensation package including annual salary starting at $87,948 net tax free with dependants or $81,704 single, plus post adjustment of 47.2% (subject to change without notice). Other benefits, subject to eligibility, include education grant, dependency allowance, home leave, pension fund, health insurance and 6 weeks of annual leave. All UNRWA duty stations (with the exception of Gaza and Syria) are family duty stations. Initial contract is for two years, with the possibility of further extensions subject to the availability of funds and the continuing need for the post.


How to Apply

To start the application process, applicants are required to register at http://jobs.unrwa.org by creating a personal profile and completing UNRWA Personal History Form. Please note that UNRWA only accepts degrees from accredited educational institutions. Only applications received through http://jobs.unrwa.org will be considered. Due to the large number of applications received for UNRWA vacancies, only applicants short-listed for interview will be contacted.


The United Nations does not charge fees at any stage of the recruitment process (application, testing, interviewing, etc). The United Nations does not concern itself with information related to bank accounts.


General Information

UNRWA encourages applications from qualified women.


UNRWA welcomes applications from qualified candidates with disabilities.


UNRWA is a United Nations organization whose staff are expected to uphold the highest standards of integrity, neutrality and impartiality. This includes respect for and commitment to human rights, diversity, and non-violent means of dealing with all kinds of conflict. UNRWA staff are expected to uphold these values at all times, both at work and outside. Only persons who fully and unconditionally commit to these values should consider applying for UNRWA jobs. UNRWA is a non-smoking work environment.


The Agency reserves the right not to make an appointment, to make an appointment at a lower grade, or to make an appointment with a modified job description.


On appointment, all individuals will be asked to sign a self attestation, confirming that they have not committed, been convicted of, or prosecuted for, any criminal offence and that they have not been involved, by act or omission, in the commission of any violation of international human rights law or international humanitarian law.


Date of issue: 8 September 2015 / LF