Finance Analyst
Chennai, India
JOB DETAIL
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, Strategy, HR, Communication, and Information & Technology functions under one umbrella to enable the execution of IFC’s management and operational needs in the best way. Within COSVP, the 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.
CBA is seeking a qualified candidate to support the CBA Administration (CBAAD) work program. The work program includes several diverse components covering oversight of IFC-IBRD Share Service Agreements (SSAs), Policies and Procedures, Centralized Country Office Overheads Budget, Investment Services Reimbursables, Financial Support Services and Administration. CBAAD delivers in these areas a wide range of activities from planning, monitoring, and forecasting to billing, transaction processing, internal controls, process and policies, and outreach. All this, while building partnerships across CBA and World Bank Group and seeking to strengthen and standardize its processes, enhancing communication and information sharing with the partners we collaborate to deliver.
Roles and Responsibilities
• Lead IFC Budget Manual update with close collaboration from multiple business subject experts and support its final roll-out with strong communication plan.
• Support updating selected IFC guidance, policies, and procedures by working with relevant stakeholders, aiming to bring clarity, provide update-to-date policy for budget and business management, promote knowledge sharing. Provide clear communication and clear presentation in support of decision making and change management.
• Support CBAAD’s engagement with IBRD counterparts regarding WBG Policies and Procedures, for IFC to remain an active stakeholder, contributing and influencing developments in this area.
• Maintain and update CBA intranet content for CBA policies and procedures aiming to enhance searchability and content exposure.
• As a key business partner, support CBA Budget Helpdesk roll out on budget policies and procedures scope.
• Support engagement, knowledge management and communication in support of CBAAD work program in areas such as risk management, internal controls, compliance efforts, policies and procedures among others.
• Seek opportunities to improve processes aiming for standardization and efficiency. Engage proactively seeking input in a collaborative approach to define and implement changes.
• Support CBAAD internal control and risk management work program.
• Contribute to corporate projects that require CBAAD participation or coordination.
• Reporting and analytical work in support of CBAAD projects and programs.
Selection Criteria
• Relevant bachelor’s degree (Finance, Business or Accounting) with two to four years of relevant professional experience, or equivalent combination of education and experience.
• Sound knowledge and understanding of accounting theory, concepts, and principles, combined with proven practical skills in financial and cost accounting, reporting, business planning, work programming, budgeting, financial management and internal controls.
• Good understanding of critical linkages and relationships between finance and budget processes, business operations and objectives.
• Experience in documentation, knowledge management and outreach.
• Strong problem solving, analytical skills.
• Ability to analyze and synthesize information, interpret data, retrieve information, and clearly and concisely communicate results.
• Strong skills in Microsoft Office tools particularly Excel, PowerPoint, and Word.
• Strong knowledge of SAP processes, transactions, and reports.
• Excellent communication skills with the ability to prepare, present and discuss findings in written or oral form. Strong written and verbal communication skills in English are required.
• Ability to coordinate multiple stakeholders, manage multiple, concurrent tasks with tight deadlines.
• Proven, consistent diligence and dedication to excellence and consummate attention to detail.
• Excellent interpersonal, teamwork and communication skills.
• Ability to work collaboratively in a fast-paced, internationally diverse work environment.
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.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.
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