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FInancial Officer

3 months ago

Washington, United States The World Bank Group Full time
FInancial Officer

Job #:
req27882

Organization:
IFC

Sector:
Financial Sector

Grade:
GG

Term Duration:
1 year 0 months

Recruitment Type:
International Recruitment

Location:
Washington, DC,United States

Required Language(s):
English

Preferred Language(s):

Closing Date:
6/25/2024 (MM/DD/YYYY) at 11:59pm UTC

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 IFC Controllers Department is responsible for effectively and efficiently managing IFC's Financial Operations (loan, equity and short-term finance operations, and back-office treasury support operations), Financial Reporting (including reporting and analysis, portfolio review, investment accounting and accounting policy), Internal Controls, and Financial Integration, Systems and Projects. The Department comprises approximately 140 diverse and highly skilled staff, based in Washington DC, and Chennai.

The Reporting and Analysis unit (CNTRA) within the Controllers Department is responsible for preparing timely and accurate periodic financial reporting to internal and external stakeholders and facilitating the external audit and issuance of audit and review opinions by the external auditors on IFC's annual and quarterly financial statements. The CNTRA unit provides assurance on the integrity of the financial ledgers and financial information. Unit is responsible for coordination of the monthly closing process, including advising and liaising with the decentralized accounting business units. Reporting and Analysis team also work with other units in determining the impact of new and proposed accounting standards and new complex transactions in Financial Statements and Management reports.

IFC Controllers Department is seeking a Financial Officer in the CNTRA unit in Washington DC to help support across all functions described above, including the preparation of IFC's quarterly and annual financial reporting, perform analytical review of business unit results for management reporting, and creation of efficiencies through automation and streamlining of deliverables.

Duties & Responsibilities:
• Prepare and/or review certain sections of quarterly and annual financial statements, including review of supporting schedules, work papers, and financial reports related to areas of r responsibility.
• Prepare and review various internal management reports and respond to information inquiries and data requests from internal clients as well as external stakeholders to support the financial decision-making process.
• Prepare and enhance analytics report through automated solutions, including enhancing the analytical review procedures.
• Develop and implement automation solutions to streamline and enhance our financial closing and reporting processes.
• Collaborate with cross-functional teams, including IT, Finance, and Compliance, to ensure alignment and integration of automation initiatives.

Selection Criteria

Education and Experience:
• Certified Public Accountant or equivalent designation (e.g., CPA, CA, ACCA or equivalent) and a Master's degree in accounting or finance.
• 8 years of experience in corporate or public accounting.
• Sound understanding of U.S. GAAP accounting standards.
• Strong background in Office 365 products & relevant experience of scripting languages would be preferred.
• Experience in providing low code/no code solutions by leveraging technology for working with large database coming from multiple systems
• Preference will be given to applicants with a background in financial services industry, particularly in Multilateral Development Banks (MDBs) and Big Four or equivalent public accounting experience. Familiarity with banking and valuations is a plus.
• Strong analytical skills. Project management experience is a plus.
• Strong communication skills (in English), both written and oral
• Ability to work independently, take initiative, and anticipate and respond quickly to situations.
• Competent in office technology tools, including Word and Power Point and demonstrated strength with Excel.

Note: Thisis a Development Assignment based in Washington DC, United States for aninitial duration of 12 months. Only Term/Open Appointment Staffs are eligibleto apply for this DAIS position.