Financial Officer

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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

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. The role also requires strong project management experience, exposure to new age technological tools and ERP systems.  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.  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
• 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.
• Process Improvements and Efficiencies:  Proactively identify and operationalize process improvements, and/or challenge status quo through use of automated solutions such as RPA, Alteryx and similar tools
• Internal Control Oversight:  Proactively adopt and role model a strong control mindset to learn from past issues, identify areas in need of strengthening, and initiate appropriate actions
• Systems / business requirements: 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
• New products – Support division’s interests in new product working groups, provide inputs, comments, raise issues based upon knowledge of the business and underlying IT systems.
• Act as a key point of contact for external auditors and other reporting units.

Education Qualification/Required Skills & Experience

• CA, CPA or equivalent designation
• Bachelor’s in finance, Accounting or relevant discipline
• Minimum 5 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
• Knowledge and Skills
• Strong knowledge of U.S. GAAP and proficiency with researching and applying accounting standards
• 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:

• Ability to manage simultaneous competing demands and deliver on time
• Strong communication skills, including the ability to explain and express views/opinions clearly, and confidently to ensure high-quality results
• Ability to deal sensitively in a multi-cultural environment and build effective working relations with clients and colleagues.
• Demonstrated competencies at the required level as prescribed in the WBG competency Framework here:-    
• World Bank Group Core Competencies
• The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
• We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
• Note: If the selected candidate is a current World Bank Group Staff Member with a Regular or Open-Ended appointment, they will retain their Regular or Open-Ended appointment. If the selected candidate is a current World Bank Group Staff Member with a Term appointment that expires later than the end date of this appointment, they will retain the duration of their current Term appointment.

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