Finance Associate

Finance AssociateThis vacancy is open to All ApplicantsJob Identification (Reference Number): VN-US10-2026-076 Position Title: Finance Associate Duty Station City: Washington D.C. Duty Station Country: United States of America Grade & Salary: G5, Step 1 (USD 6,714.58 Monthly) Contract Type: One Year Fixed Term Vacancy Type: Vacancy Notice Initial duration: 12 monthsEstablished in 1951, IOM is a Related Organization of the United Nations and the leading UN agency in the field of migration. Working closely with governmental, intergovernmental and non-governmental partners, IOM promotes humane and orderly migration for the benefit of all. It saves lives and protects people on the move, drives solutions to displacement, and facilitates pathways for regular migration, while providing services and advice to governments and migrants.IOM is committed to fostering a respectful, inclusive and supportive workplace where all employees can thrive professionally and feel valued. By creating such an environment, IOM aims to better harness the full potential of migration and strengthen its support to people on the move.IOM invites candidates from diverse backgrounds to apply and provides reasonable accommodation throughout the recruitment process when required. Learn more about IOM's workplace culture at IOM workplace culture | International Organization for MigrationApplications are welcome from internal and external candidates. For all IOM vacancies, applications from qualified and eligible first-tier candidates are considered before those of qualified and eligible second-tier candidates in the selection process. For the purpose of this vacancy, internal and internal-equivalent candidates are considered as first-tier candidates.Under the overall supervision of the National Resource Management Officer and direct supervision of the Senior Finance Associate; in close coordination with Finance and Administrative staff in IOM Washington DC global office and its sub-offices; and in collaboration with relevant units at Headquarters and the Administrative Centers, the successful candidate will be responsible for:1. Assist in managing financial resources by monitoring and controlling assets, reserves, funds, supplies, etc. in accordance with IOM rules and regulations. 2. Extract and input data from various sources in financial or accounting systems. Review and process invoices and review requests for payments submitted in WAVE Oracle System. 3. Perform quality assurance of the charges to project line items and ensure the proper usage of GL accounts and project budget lines (or WBL). Ensure that expenses are correctly allocated to projects consistent with IOM's projectization criteria. 4. Reviews all types of vendor payments starting from purchases to payment requests verifying that they are duly authorized, and all the supporting documents are attached therewith. 5. Provide assistance to all staff services such as travel, expense claims, document retrieval, WAVE invoice, etc. 6. Ensure proper and systematic completion of all posted payments and other accounting documents according to the established standards. Process the accounting and financial transactions in the IOM accounting system (WAVE), in accordance with IOM financial rules and practices. Ensure that entries are supported with approved documentations. 7. Assist with invoice reconciliation for all purchases of the office, including air tickets, baggage charges, and credit card transactions. Ensure that all credit card charges are supported with duly signed credit card authorization forms and record the same to the relevant GL account and project budgets lines. 8. Assist in providing guidance to staff related to accounting and treasury payments. 9. Assist in the financial management of locally implemented projects, including accounting, budget monitoring, and preparation of financial reports to ensure accurate tracking of project expenditures and compliance with internal policies. Provide ongoing support to Project Managers on the periodic review of budgets, proposing necessary adjustments to prevent cost overruns, and ensuring timely and efficient use of funds throughout the project lifecycle. 10. Assist in the preparation of financial reports in compliance with donor agreements, ensuring accuracy and completeness, and coordinate with headquarters and administrative centres for review and formal endorsement. 11. In coordination with the Senior Finance Associate and the National Resource Management Officer, SRMO, project developers and managers, review, verify, and update the financial and budgetary information of newly created project proposals and project revisions in PRIMA. 12. Assist in performing financial analyses and reconciliation of and account balances and providing response to Regional Accounting Support in Panama. 13. Monitor and perform follow up of any outstanding vendor accounts on a regular basis, especially those that are more than sixty days old. 14. Review treasury transactions, generate bank reports and coordinate to bank approvers for payment authorization. 15. Perform regular bank reconciliation, monitor outstanding checks and coordinate to bank account representative to stop and cancel long overdue checks. 16. Assist in check issuance and maintenance of the office check registry. 17. Perform period-end activities including monthly and yearly accounts closure. Assist in review and clearance of suspense, transit and clearing accounts. 18. Assist the implementing the IOM Financial Management Rules and Procedures (FMRP) by applying the required internal control mechanisms and recommend/implement improvements in internal controls and accounting practices based on FMRP, International Public Sector Accounting Standards (IPSAS), and best business practices. 19. Perform other related duties as required.Required Qualifications and ExperienceEducation• Bachelor's degree in Business Administration, Accounting, Finances, or related field with three years of relevant professional experience; or, • High School diploma with five years of relevant experience Accredited Universities are those listed in the UNESCO World Higher Education Database.ExperienceUnder the overall supervision of the National Resource Management Officer and direct supervision of the Senior Finance Associate; in close coordination with Finance and Administrative staff in IOM Washington DC global office and its sub-offices; and in collaboration with relevant units at Headquarters and the Administrative Centers, the successful candidate will be responsible for.Skills• Proficient in Microsoft Office applications e.g. Word, Excel, PowerPoint, E-mail, Outlook. • Attention to detail, ability to organize paperwork in a methodical way. • Discrete, details and clients-oriented, patient and willingness to learn new things. • Ability to work with national and international institutions. • Ability to prepare clear and concise report. • Demonstrated ability to and exercise sound judgment. • Sound knowledge IOM's administrative, budgetary, financial, and business rules and practices • Excellent communication and negotiation skills.LanguagesAll IOM staff members in all categories are required to be fluent in one of the IOM's official languages (English, French, Spanish).For this position,REQUIRED Fluent in English (oral and written)DESIRABLE Working knowledge in other languages.Proficiency of language(s) required will be specifically evaluated during the selection process, which may include written and/or oral assessments.Required CompetenciesIOM's competency framework can be found at this link. Competencies will be assessed during the selection process.Values - all IOM staff members must abide by and demonstrate these five values:Inclusion and respect for diversity: Respects and promotes individual and cultural differences. Encourages diversity and inclusion.Integrity and transparency: Maintains high ethical standards and acts in a manner consistent with organizational principles/rules and standards of conduct.Professionalism: Demonstrates ability to work in a composed, competent and committed manner and exercises careful judgment in meeting day-to-day challenges.Courage: Demonstrates willingness to take a stand on issues of importance.Empathy: Shows compassion for others, makes people feel safe, respected and fairly treated.Core Competencies – behavioral indicators Level 1Teamwork: Develops and promotes effective collaboration within and across units to achieve shared goals and optimize results.Delivering results: Produces and delivers quality results in a service-oriented and timely manner. Is action oriented and committed to achieving agreed outcomes.Managing and sharing knowledge: Continuously seeks to learn, share knowledge and innovate.Accountability: Takes ownership for achieving the Organization's priorities and assumes responsibility for own actions and delegated work.Communication: Encourages and contributes to clear and open communication. Explains complex matters in an informative, inspiring and motivational way.Managerial Competencies – behavioral indicators Level 2, if with direct reports (N/A)Leadership: Provides a clear sense of direction, leads by example and demonstrates the ability to carry out the Organization's vision. Assists others to realize and develop their leadership and professional potential.Empowering others: Creates an enabling environment where staff can contribute their best and develop their potential.