Functieomschrijving

The Common Fund for Commodities (CFC) is an international financial institution, established within the UN ecosystem, currently with 101 member states. With poverty alleviation as its core mission, the CFC operates as an impact investment fund by easing commodity dependence in the developing world.Over the past decade, the CFC has developed a portfolio of direct loans to agricultural SMEs and equity investments in impact funds active across Africa, Asia, and Latin America. This is typically financed from its own balance sheet. Challenging new initiatives are underway, including the creation of the Agricultural Commodity Transformation Fund (ACT Fund), a USD 100 million impact fund that will put SMEs in developing countries at the heart of a transformation in agriculture by financing value chains that create climate and income resilience at scale.The CFC’s Head of Accounting and Administration oversees all financial management and administration of the CFC. This includes strategic financial resources management, coordination of a multi-currency financial accounting system, preparation of monthly reports, Consolidated Administrative Budget, and annual financial statements in accordance with IFRS standards as well as handling all issues pertaining to the supervision of the Accounting and Administration team.The ideal candidate is expected to have a minimum of 7 years of experience in an international financial or intergovernmental role. Additional experience in a UN or NGO environment would be an advantage. Excellent writing and communications skills are essential as the Head of Accounting and Administration is expected to prepare documentation sent for presentation to our stakeholders and governing bodies.This is a full-time position based in Amsterdam, remuneration is being offered at the ICSC P-3 level and the initial appointment is a fixed term post of 2 years with provision for further extensions.Duties, Responsibilities and AccountabilitiesThe Head of Accounting and Administration will lead the ongoing development of financial and administrative systems to enhance oversight, transparency, and operational efficiency. They will report directly to the Managing Director of the Common Fund and their duties shall include but not be limited to:Accounting and Back OfficePreparation of Annual Financial Statements and reports in accordance with International Financial Reporting Standards (IFRS).Lead the annual audit process and ensure compliance with audit recommendations.Coordinate and oversee the running and maintenance of a multi-currency financial accounting system for the Fund’s resources.Liaison with external and internal auditors.Liaison with the External Administrator of ACT Fund.Conduct and oversee Anti-Money Laundering (AML) checks on payments to ensure compliance with internal policies.Lead and prepare the Annual Consolidated Administrative Budget and subsequent budget monitoring of regular and external funding.Provide financial reports (monthly management report) and analyse other financial reports originating outside the Unit.Supervision of payroll and Provident Fund computations.Report and Accounting of Trust Funds.Supervision of Back Office settlements and reconciliations.Responsibility for Loan, Grant, and equity project administration and reporting.Responsibility for the custody and conservation of accounting records and reports.Provide Member States with information regarding their Share Capital Contribution and other required financial reports.Sustained efforts for cost optimization.Administration MattersSupervise the administrative functions of the CFC, including human resources, procurement, and office management.Develop and implement policies and procedures to enhance operational efficiency.Ensure compliance with organizational and legal requirements in all administrative activities.Oversee the management of contract and service agreements with office vendors.Preparation and Presentation of documents for CFC’s governance bodies.Strategic LeadershipProvide strategic guidance on financial and administrative matters to support the CFC’s mission and vision.Help implement the Strategic Framework of CFC 2025-2035 when adopted.Advise the Managing Director to align financial and administrative strategies with the Fund’s mission.Represent the CFC in financial and administrative discussions with stakeholders, including member states, donors, and partners.Leverage expertise in impact financing to identify and secure funding opportunities for CFC investments.QualificationsAn advanced university degree (Master’s level or higher) in Accounting, Finance, or a related field, along with a recognized IFRS qualification (e.g., ACCA DipIFR, ICAEW IFRS Certificate) and up-to-date knowledge of IFRS standards.Minimum of 7 years' experience in a senior accounting, financial management, or analytical role within a financial institution, consulting firm, multinational corporation, NGO, or development finance organization.Expert knowledge of IFRS, financial reporting, and risk management, with a proven track record of ensuring compliance and regulatory adherence in financial operations.Experience in managing financial planning, budgeting, forecasting, and internal controls, with a strong ability to conduct financial analysis and scenario modelling.Proven leadership skills, including the ability to lead teams, provide strategic direction, and foster a culture of accountability and continuous improvement.Exceptional problem-solving and critical-thinking abilities, with a track record of success in navigating complex financial and operational challenges.Excellent writing, presentation, and communication skills, with the ability to convey financial insights clearly to diverse stakeholders, including senior executives, development finance professionals, and non-financial audiences.Strong negotiation and stakeholder management experience, particularly in working with auditors, regulatory bodies, donors, and financial institutions.Demonstrated ability to implement and oversee accounting and financial systems, including ERP platforms, data analytics, and financial software (e.g., Microsoft Excel, financial modelling tools, and database applications).Familiarity with SEMS (Social and Environmental Management Systems) and ESG (Environmental, Social, and Governance) frameworks is a distinct advantage.High level of attention to detail and integrity, ensuring accuracy in financial reporting and risk assessment.Strong interpersonal skills, with the ability to mediate, facilitate discussions, and build effective partnerships across diverse teams and cultures.Ability to simultaneously manage multiple, complex projects in a deadline-driven and high-achieving environment.Ability to work independently and autonomously.Excellent written and spoken communications in English. Fluency in other UN languages, particularly Spanish or French, is an advantage.It is important to note that the CFC can only employ Nationals of its Member States; for a full list of Member States, please refer to the “About” section of the CFC website. #J-18808-Ljbffr