Financial Officer - GG - international finance corporation

international finance corporation

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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet. 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), Accounting Policy & Implementation, Internal Controls, and Financial Systems and Transformation. The Department comprises approximately 140 diverse and highly skilled staff, based in Washington DC, and Chennai. 

The Corporate Reporting unit (CNTCR) 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 CNTCR unit provides assurance on the integrity of the financial ledgers and financial information. It is responsible for coordination of the monthly closing process, including advising and liaising with the decentralized accounting business units. The 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 CNTCR unit in Washington DC to help support across all functions described above with a focus on Treasury related areas, 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:

The CNTCR Financial Officer is tasked with the oversight of the Treasury reporting function.  The successful candidate will perform the following duties and responsibilities:

•  Oversee Treasury sections of quarterly and annual financial statements, including review of supporting schedules, work papers, and financial reports related to areas of responsibility.

•  Oversee Treasury related section in various internal management reports and analytics including reviewing of the related sections in the management reports. 

•  Respond to Treasury reporting related information inquiries and data requests from internal clients as well as external stakeholders to support the financial decision-making process.

•  Lead the enhancement of Treasury analytics report through automated solutions, including enhancing the analytical review procedures.

•  Lead the development and implementation of automation solutions to streamline and enhance treasury related financial reporting processes. 

•  Collaborate with cross-functional teams, including Treasury teams, IT, and ICFR team, to ensure alignment and integration of automation initiatives as well as corporate wide initiatives.

•  Supervise staff, mentor, and coach junior members in Chennai to ensure growth, bench strength and contribute to their career development.

Selection Criteria

•  A Master's degree in accounting or finance and a Certified Public Accountant or equivalent designation (e.g., CPA, CA, ACCA or equivalent). 

•  A minimum of eight years of experience in corporate or public accounting. 

•  Sound understanding of U.S. GAAP accounting standards.

•  Strong technical Treasury accounting and reporting background. 

•  Strong knowledge and experience of Treasury products, activities and processes. 

•  Experience in providing low code/no code solutions by leveraging technology for working with large database coming from multiple systems

•  Knowledge of best practices of internal controls over external financial reporting.

•  Strong background in Office 365 products & relevant experience of scripting languages would be preferred.

•  Knowledge of SAP (General ledger) and Murex (treasury system) is a plus.

•  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. 

•  Strong analytical skills. Project management experience is a plus.

•  Strong communication skills (in English), both written and oral

•  Ability to work independently as a project manager, to take initiative, and anticipate and respond quickly to situations. 

Controllers Department Competencies

•  Client Understanding and Advising: Advises the clients and helps them think proactively about how to best meet their current and future needs, taking into considerations the real underlying issues. Works across CNT and with other VPUs to define client needs and develop the right solutions to meet those needs. PLUS: Provides recommendations to multiple VPUs that can add value to customers beyond normal offerings.

•  Broad Business Thinking: Maintains an in-depth understanding of key business issues. Sets clear explanations for the integration and alignment of CNT solutions with business functions. PLUS: consider WBG wide implications in decision making to ensure consistency across WBG. Sponsors long-term VPU-wide initiatives.

•  Information Technology and Systems: Demonstrates understanding of the functions and operations of pertinent IT systems and applications. Provides inputs to IT systems improvement efforts based on day to day working experience and knowledge of the systems.

•  Analytical Thinking: Coordinates the information gathering and reporting process. Reviews trends and compares to expectations. Conducts analysis to define problems and prepares responses to anticipated questions.

•  Policies and Procedures: Demonstrates detailed knowledge of policies and procedures in related fields.

•  Risks and Controls: Leads by example and serves as good practice champion in completing internal control procedures, including understanding impact beyond own immediate functional areas.

•  Communication: Adapts the communication style appropriate for the intended audience. Adopts an inclusive approach to communication as is appropriate to the situation, so as to ensure adequate partner participation. Presents information effectively and encourage feedback.

•  Project Management: Understands and utilizes the concepts of project management, as they relate to implementation of a project.

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.

How cinfo Can Support You in the Application Process for This Position

• Application and Interview Preparation: Whether you're preparing your application documents or getting ready for an interview, you can book a Job Application Support session to receive tailored guidance.
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Sector: Nonprofit/Community/Social Services/International Cooperation

Role: Other

Working hours (%): 80-100% / 100%

Job type: Staff (Permanent and Fixed Term)