E T Consultant

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About the Organization

The World Bank (WB) is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions (IBRD, IDA, IFC, MIGA, and ICSID) dedicated to ending extreme poverty, increasing shared prosperity, and promoting sustainable development on a livable planet. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges.

Job Description

The Extended Term Consultant will serve a technical role with respect to the Chennai based loan accounting team, and in ensuring strong collaboration and knowledge sharing within the division.  This role requires sound knowledge of IBRD and IDA loan products and policies, together with a strong background and experience in monthly closings in a production accounting unit that regularly interacts with Bank colleagues across other Finance VPUs, Operations, IFC, MIGA, and the external auditors.  A large part of the work program relates to addressing urgent and unanticipated issues that arise on a regular basis – from all levels of the organization. 

Job Responsibilities

• Quarterly / FY end closings: directly perform accounting closing production work for the IBRD/IDA loans portfolios, including key account reviews, reconciliation, analysis preparation.  This work involves a large hands-on component working in underlying systems and other related modules.  Directly engage with other corporate finance units, and the external auditors.
• Internal Control Oversight:  proactively adopt and role model a strong control mindset.  Set team norms to learn from past issues, identify areas in need of strengthening, and initiating appropriate actions.
• Quality control – ensure accuracy and completeness of loan portfolio accounts, including review of loan master data set up, interest rates, reconciliations etc.
• Business Analysis:  draft and articulate business needs in business requirement documents related to new system needs, products or policies.  Perform user acceptance testing of new systems and functionality.
• Financial Analysis: Proactively identify trends and/or potential inconsistencies through critical review of data and fact patterns regarding the loans portfolio.  Lead/assist/support the response to queries from senior management, external auditors etc.
• Internal and external collaboration: Act as a key point of contact for external auditors and coordinate financial activities with business units within IBRD and IDA, provide debt service workshops to clients, support to Bank Country and Regional teams on billing and/or other financial matters.

Education Qualification/Required Skills & Experience

• CA, CPA or equivalent designation
• Bachelors in Finance, Accounting or relevant discipline
• Minimum 3 years post qualification experience in a corporate accounting setting, and hands on experience in an accounting production environment
• Experience in financial services industry with preference towards experience in an international multilateral organization
• Preferable: Big Four or equivalent public accounting experience is advantageous

Knowledge and Skills:

• Strong knowledge of U.S. GAAP and proficiency with researching and applying accounting standards
• Preferable:  Knowledge of the World Bank’s loan products and policies is advantageous
• Hands on experience with an ERP system – with strong preference to SAP experience
• Demonstrated and proven attention to details is required
• Strong knowledge of and practical experience in designing and implementing internal controls over day to day processes and financial reporting related tasks

Abilities:

• Strong communication skills, including the ability to explain and express views/opinions clearly and confidently
• Ability to deal sensitively in a multi-cultural environment and build effective working relations with clients and colleagues.

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