Description

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record US$43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.

The Vice Presidency for Corporate Support (COSVP) integrates Budget and Business Administration, HR, Communication, Partnerships, and Information & Technology functions under one umbrella to enable execution of IFC’s management and operational needs in the best way. Within COSVP, Budget and Business Administration department (CBA) plays a pivotal role in allocating IFC scarce resources and aligning them to IFC 3.0 by leveraging budget as a management tool to mainstream the corporate strategy, creating profitability and efficiency metrics, improving the scorecard, and overseeing procurement and facilities administration.

CBALA is a unit within the IFC Business and Administration department (“CBA”) supporting both HQ and LAC region-based operational units within CELVPU.  CBALA is looking to recruit a ET Consultant for a one-year assignment in Bogota, Colombia to support CBALA client departments in accounting, reporting and resource management related activities including budget administration, work program support, controls, fund management, and other ad hoc tasks.  The position will report to the Regional Finance Controller, CBALA.

ROLE AND RESPONSIBILITIES:

•  Perform accounting duties and responsibilities and ensure compliance with World Bank Group (WBG) policies and procedures.
•  Ensure implementation of country office modernization activities, including implementation of payments through Global Payments Provider.
•  Review regularly expenses for accuracy, proper approval, and identification of expense category, and ensuring correction of any errors or discrepancies.
•  Work with Country Manager and RFC to ensure a strong control environment in the office, providing advice on control issues.
•  Ensure that audit and quality assurance reviews’ recommendations are implemented.
•  Provide advice and guidance on WBG policy and practice to CO staff.
•  Share new resource management & accounting and administrative policies and procedures and ensure these are communicated and followed by staff.
•  Other duties as assigned.
•  Support regional budget management, monitoring and reporting for the assigned client.
•  Prepare forecasts, expenses analysis and reports.
•  Support advisory services team in its daily operations. Support Finance officer and Regional Controller in an overall AS or Upstream initiatives, as assigned.
•  Support LAC finance team in budgeting, reporting, and financial data analysis, where assigned.
•  Participate as a member of regional projects teams as needed.
•  Respond to queries from the Corporate Imprest Service Desk/Chennai-India, or others as required.
•  Participate as a member of corporate projects teams as needed.   

Selection Criteria

•  Degree in Accounting, Finance, Business or Economics with at least 5 years of working experience.
•  Recognized professional accreditation (CPA, CMA, CIMA, ACCA, etc.) is a plus.
•  Sound knowledge and understanding of accounting theory, concepts and principles, financial accounting reporting, and cost allocations.
•  Diligence and attention to details.
•  Working knowledge of Imprest Accounting related SAP processes and transactions.
•  Prior WFA Global efficiency projects ( ex. GPP ) implementation experience is an advantage
•  Planning and budgeting skills proved by experience: able to produce standard activity and unit-level reports and budgets using inputs from senior staff or operational management, and to provide basic analysis of budget information.
•  Advanced problem solving, analytical skills.
•  Ability to analyze and synthesize information, interpret data, retrieve information and clearly and concisely communicate results. Good data mining skills with working knowledge of Microsoft Package. Advanced Excel skills.
•  Effective communication skills with the ability to prepare, present and discuss findings in written or oral
form.
•  Ability to manage multiple, concurrent tasks with tight deadlines.
•  Excellent interpersonal, teamwork and communication skills.
•  Good knowledge of English.

World Bank Group Core Competencies

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.

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