Finance Associate, London, United Kingdom

## Finance Associate, London, United Kingdom - Organization:UNOPS - United Nations Office for Project Services - Country:United Kingdom - Office:UNOPS in London, United Kingdom Publication for:Hosted Entity Entity Name:Education Outcomes Fund (EOF) Position Title:Finance Associate Duty Station(s):London Seniority Level:Associate Contract Type:ICA - LICA - Support - Regular Contract Level:LICA 6 Posting Start Date:30-Sep-2026 Posting End Date:14-Oct-2026 Duration:Ongoing, subject to organizational requirements, availability of funds and satisfactory performance Ensure efficient and compliant financial operations by providing accounting, budget administration, cash management, and financial reporting support, adhering to UNOPS financial rules and regulations. The UNOPS Global Portfolios Office (GPO) brings together diverse expertise to help partners deliver impact worldwide. With hubs in New York, Geneva, and Vienna, and expert teams operating globally, GPO leads multi-regional initiatives that advance sustainable development, climate action, and peacebuilding - including in some of the world's most challenging environments. By leveraging our collective expertise and global networks, GPO supports UNOPS' strategic priorities and the Sustainable Development Goals across more than 130 countries. We work closely with major global partners - including governments, international financial institutions, and UN agencies - to deliver a wide range of services, such as project management, fund management, hosting services, and HR support. About the Country/Multi-Country Office From Geneva, UNOPS facilitates the achievement of the 2030 Agenda and the Sustainable Development Goals (SDGs), working with governments, other United Nations (UN) agencies and partners by providing quality servces, integrated solutions and management support through strategic, cost-effective and results-oriented approches. This includes supporting platforms and hosting high-profile, flagship initiatives and funds focusing on health, nutrition, water and sanitation, sustainable cities, environment, energy, climate and trade. UNOPS is a recognized resource for the UN system in Geneva - from fund management and oversight and advisory services, to providing hosting solutions to a range of global initiatives, as well as operational support to partner organizations. From Geneva, UNOPS facilitates the achievement of the 2030 Agenda and the Sustainable Development Goals (SDGs), working with governments, other United Nations (UN) agencies and partners by providing quality servces, integrated solutions and management support through strategic, cost-effective and results-oriented approches. This includes supporting platforms and hosting high-profile, flagship initiatives and funds focusing on health, nutrition, water and sanitation, sustainable cities, environment, energy, climate and trade. UNOPS is a recognized resource for the UN system in Geneva - from fund management and oversight and advisory services, to providing hosting solutions to a range of global initiatives, as well as operational support to partner organizations. The Education Outcomes Fund (EOF) is a global initiative transforming how education and skills are financed and delivered. We partner with governments, donors, investors, and implementers to make education systems more effective, equitable, and accountable. Through our Outcomes Partnership model, funding is tied to measurable results, aligning incentives across all actors to ensure that resources lead to real improvements in learning and employment outcomes. EOF's approach is grounded in systems change - we align incentives, strengthen data and delivery capacity, and foster collaboration across public, private and social sectors. By embedding results-based principles within national systems, we help governments shift from inputs to outcomes, ensuring that every investment leads to a measurable, lasting impact for learners. The Finance Associate provides accounting, budget administration, cash management and financial reporting support to ensure efficient and compliant financial operations. The incumbent performs a wide range of financial transactions with a high degree of accuracy, ensuring compliance with UNOPS financial rules and regulations (FRRs), policies and donor requirements. Functions / Key Results Expected - Budget Administration and Cost Recovery - Support the annual budget setting process, as well as the preparation, monitoring and revision of project and office budgets, ensuring accuracy and alignment with UNOPS financial policies and donor/ partner agreements.Assist in the development, maintenance, and testing of financial and budget models for programme proposals, supporting scenario analysis, cost projections, and payout structures for outcomes-based financing contracts.Prepare and maintain financial data and analysis on budget utilization, expenditure trends, and funding gaps for long-term sustainability and management decision-makingAssist in developing cost-recovery models and maintaining an efficient cost allocation system in compliance with UNOPS guidelines.Contribute to the preparation of cost-sharing and trust fund agreements, follow up on partner contributions, and ensure proper recording in the enterprise resource planning (ERP) system.Provide inputs on the financial implications of operational plans and support the implementation of cost-saving and efficiency measures.Assist in project financial closure processes, ensuring accuracy and completeness of records in accordance with UNOPS project closure protocolAccounting, Payments and PayrollReview and verify payment requests and supporting documents for completeness, accuracy and compliance with approved budgets and UNOPS FRRs.Prepare and process vouchers (purchase orders, accounts payable, payroll and journal vouchers) and execute pay cycles in the ERP system.Monitor foreign exchange (FX) rate fluctuations and cross-currency exposure across multi-currency project portfolios, tracking FX gains/losses and providing data to support FX risk mitigation strategies.Ensure timely and proper recording of goods receipt, service delivery and accruals.Maintain an internal expenditure control system, ensuring transactions are properly matched, posted, and supported by adequate documentation.Conduct expense verifications and financial reviews of EOF grantees, ensuring compliance with grant agreements and established procedures.Process and reconcile accounts receivable and accounts payable, including follow-up with partners and projects on pending items.Perform monthly and quarterly account reconciliation, identifying and resolving discrepancies in coordination with HQ and project teams.Support payroll processing, ensuring accurate and timely disbursement and resolution of queries.Ensure timely month-end and year-end closure of accounts and submission of required financial reports.Respond promptly to HQ queries to resolve financial data or audit issues.Office Cash and Treasury ManagementReview and monitor cash positions for local accounts to ensure sufficient funds for operational disbursements.Oversee the daily review of zero-balance accounts, imprest management, and proper recording of receipts and contributions.Prepare monthly cash flow forecasts and liaise with operations and project teams to gather cash requirement estimates.Conduct bank reconciliations, ensuring accuracy and prompt resolution of variances.Initiate and record bank transfers, replenishments, and foreign exchange transactions in the ERP system.Manage petty cash and operational advances, ensuring compliance with policy and timely settlement.Financial Reporting and AnalysisPrepare and review financial reports, including interim financial reports (IFRs), donor expenditure statements, and management dashboards.Support preparation of variance analyses, cost distribution summaries, and project-level expenditure reconciliations.Participate in quarter