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 2022, IFC committed a record $32.8 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.

The CBA Resource Management (CBARM) team is seeking to recruit Financial Analyst to support the CBABA unit with: (i) Advisory (AS) and Donor Trust-funded Investments (DTFI) Trust Fund financial management related activities, including financial controls and cash management, (ii) support to maintenance and optimization of IFC’s Fee Accounting Management System (FAMS) for Upstream and Advisory, and (iii) support to financial reporting on AS and DTFI operations. The position requires the individual to maintain a high level of service capability through direct interface with the IFC Budget and Finance (F&B) network, IFC operational teams and IBRD counterparts.

Role and Responsibilities:
•  Support the AS Controller in:
–  the cash allocation decisions under of IFC retained designations.
–  reviewing quarterly TFs expenses, Income and Cash balances and DTFI administration fee reports for Financial Reporting purposes.
–  monitoring Upstream, AS and DTFI financial information for Sr. Management/Board reports including but not limited to QBHR, SBO, Budget Paper, Net Income Allocation Paper, etc.
•  Implement management recommendations for the improvement of Trust Fund internal controls.
•  Work in close collaboration with CBABA Finance Officers and IFC accounting to improve Trust Fund reporting.
•  Support the AS Controller in administering the annual Letter of Representation (LOR) and Single Audit exercises.
•  Support the Fee Accounting Management System (FAMS) AS end-of-month book closing period by compiling and documenting transaction evidence.
•  Provide billing support as needed.
•  Coordinate foreign currency settlements between IBRD/IFC Treasury units and CBA.
•  Advice IBRD’s accounts receivable and IFC’s Budget Support Help desk on technical billing questions.
•  Serve as the FAMS AS Community of Practice (CoP) Co-chair.
•  Maintain and update the content of the FAMS AS Help webpage.
•  Support the maintenance and improvement of the FAMS AS system.
•  Serve as an active member on corporate projects that require CBABA participation or coordination.
•  Work in close collaboration with F&B Network, Financial Reporting, Accounting Policy, and WFA teams on an ongoing basis to share information.

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 audit.
•  Good understanding of critical linkages and relationships between finance and budget processes, business operations and objectives.
•  Strong problem-solving, conceptual, and analytical skills.
•  Validated experience in applying analytical skills (especially finance and budget analytics): proven track record of conducting research and analysis, data mining, report generation, good narrative grasp of ‘the story behind the numbers’, and ability to articulate and present issues and tradeoffs and recommend solutions to aid management in decision-making.
•  Exceptional Excel spreadsheet design skills, ability to quickly identify logical data structures; proficiency in using Microsoft Word and PowerPoint presentation software.
•  Desired working proficiency in SAP, AO, BPC, BI, and other budget systems used by IFC for transactional and reporting purposes.
•  Experience in Power BI, Tableau, or other data visualization tools desirable.
•  Interest in working with technology rollouts.
•  Excellent communication skills (in English), written and oral, to convey complex budget and administrative financial issues concisely to peers, management, and staff within and across departments.
•  Strong interpersonal skills and ability to work effectively and collaborate with the team, or with internal/external partners in a multicultural environment.
•  Proven, consistent dedication to excellence and consummate attention to detail.
•  Ability to work under pressure; flexibility in handling several concurrent assignments.

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.