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Job Overview

Category

CA, CFA, CMA, MCOM/BCOM

Job Role

Accountant / Accounts Executive

Gender preferred

No Preferences

Functional Area

Work preferred

Work from Office

Qualification

Graduation

Any Graduation

Post Graduation

Any Post Graduation

Description








Job #:


req18069





Organization:


World Bank





Sector:


Finance & Accounting





Grade:


GC





Term Duration:


4 years 0 months





Recruitment Type:


Local Recruitment





Location:


Chennai,India





Required Language(s):


English





Preferred Language(s):






Closing Date:


6/30/2022 (MM/DD/YYYY) at 11:59pm UTC









Description



Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org


The World Bank Group Finance and Accounting (WFA) Vice Presidency Unit, is responsible for all aspects of financial accounting, reporting and the internal control framework for the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) and the extensive Trust Fund/Partnership portfolio of those entities. The VPU is also responsible for expressing a Finance viewpoint on controls over Bank Group operations.


WFA comprises the following functions: Financial Instruments Accounting and Valuation; Loan Operations; Accounting Business Services; Financial Analysis and Reporting; Accounting Policy; Documentation and Communication; Advisory Services; and Operational Risks and Controls. These units collectively include approximately 500 staff, of which approximately 170 are in Washington, D.C., with the remainder in regional offices including the largest in Chennai, India.


Unit Overview


The WBG Trust Fund and Loan Operations Department (WFATL) in WFA provides a number of financial operation activities, notably financial services, compliance, disbursements, accounting, reporting, and analytics for IBRD/IDA loans and Trust Funds.


WFAAS, a division within WFATL is focused on supporting both the WBG’s Trust Funds and Loans portfolios, for example, providing advice on the design and implementation of new trust funds or loans, policies, or processes, as well as many activities associated with the implementation and closure of loans or trust funds, including account creation and maintenance, disbursement transactions, trust funds and loans accounting and reporting and helpdesk functions.


WFAAS division operates out of three locations – DC, Chennai and Manila. The team in Chennai (WFALF), comprise three sub-teams viz., (i)Trust funds accounting clearance and Fiduciary & Controls team (ii) Trust Funds accounting and reporting, and (iii) Loan accounting and reporting. Together, the Division provides end-to-end support for IBRD/IDA Loans and WBG Trust Funds, in terms of,



  • Providing upstream advice to Bank teams and influence the design of new Trust funds and loan agreements to ensure compliance with fiduciary, reporting, internal control requirements and best practices.

  • Support, help design, and ultimately implement and account for new and emerging trust funds and loan products, in addition to the existing trust fund and loans portfolio.

  • Ensure the accuracy and integrity of the Trust Fund and Loan modules, financial ledgers and related interfaces, which capture all TF and Loan activities.

  • Report on Trust Fund and Loan accounts at the individual account and portfolio level through, audited/un-audited financial statements, management reports, analyses and trends for corporate reporting, donor specific reports, etc.

  • Maintain/enhance/develop underlying systems, tools and applications to cater to the changing business needs.



This is an advertisement for a
Finance Assistant, in the Loans accounting and reporting team in WFALF. This position reports to the Senior Team Lead in Chennai.


Duties & Responsibilities:


The candidate’s primary responsibilities include, but are not limited to, a combination of the following activities:



  • Carry out day-to-day accounting functions involving query handling, report generation, preparation of reconciliations within the ambit of Loan accounting and reporting, Bank’s policies and procedures and agreed Service Level Agreement (SLA) parameters.

  • Assist in loan signing confirmation and loan cancellation outreach to Operations and WFA teams and compile the responses and provide periodic updates;

  • Assist team in responding to external auditors by providing the required supporting documentation in support of financial statements, in coordination with the process owners, within the agreed service level agreement (SLA) parameters;

  • Assist in responding to borrower questions/requests on loan information from period activity or financial reporting requirements;

  • Monitor and report inconsistencies in master data /general ledger using exception reports;

  • Actively participate in execution of various user testing of projects as may be assigned from time to time.

  • Provide information in the form of metrics / charts on certain financial accounting and client service activities to be included in overall departmental operations report;

  • Contribute to the continuous improvements and process enhancement initiatives surrounding Loan processes aimed at simplification and/or enhancements to process quality and controls;

  • Manage the day to day team’s administrative activities.

  • Coordinate team and division meetings and knowledge sharing sessions.

  • Monitors and triages the queries and requests in the CRM box for loans/TACT, to the designated resources on a day-to-day basis in a timely manner. Provide periodic updates/exception reports on Service Level Agreement (SLA) metrics.

  • Perform other ad-hoc duties as assigned by the Manager, or team leads.




Selection Criteria



  • Minimum of Bachelors’ degree and 5 years of professional work experience in related fields; Masters degree with 0 to 1 year of finance work experience preferred;

  • Excellent communication skills and the ability to command both written and spoken English;

  • Strong computer skills, and basic understanding of information systems and the application of newer technologies.

  • Excellent skill in preparing PowerPoint and other visual presentation

  • Excellent interpersonal and communication skills, with ability to interact diplomatically with clients and staff at all levels, recognized ability to exercise good judgment in interpersonal dealings at all levels and in handling confidential information;

  • Excellent organizational, administrative and time management skills;

  • Effective analytical, research and problem-solving skills;

  • Attention to detail and numerical accuracy while managing multiple tasks and projects;

  • Exposure to an integrated accounting system would be highly desirable;

  • Ability to deal with rapidly shifting priorities and work demands, and willingness to learn new skills and seek help from colleagues;



Competencies:


Drive for Results - Takes personal ownership and accountability to meet deadlines and achieve agreed-upon results and has the personal organization to do so.


Client Orientation - Able to interact with clients with discretion and diplomacy. Demonstrates ability to resolve complex client related issues. Displays understanding of relevant internal and external factors and their impact to the client.


Technology and systems knowledge - Exhibits excellent knowledge of Microsoft Office applications and proficiency of technology or/and systems relevant to functional area.


Project and task management - Ability to undertake diverse and complex assignments with minimal supervision and resolve competing demands. Demonstrates good organizational skills, can plan and prioritize own work.


Teamwork (Collaboration), excellent behavior and Inclusion - Collaborates with other team members and contributes productively to the team's work and output, demonstrating respect for different points of view and acknowledging contribution from other colleagues.


Versatility and adaptability - Demonstrates flexibility and is receptive to the implementation of new solutions. Is willing to stretch own capability. Demonstrates motivation to avail and adapt oneself to effecting change.


Knowledge, Learning and Communication – Strong capacity to communicate in a constructive and professional manner. Ability and readiness to contribute to unit's knowledge sharing.


Institutional policies, processes, and procedures - Demonstrates knowledge of own department's programs and products, knows key players, understands own role. Displays understanding of WB policies and procedures relevant to the area of assigned responsibilities and can apply/implement them.


Risks and Controls - Demonstrates understanding of key risks and internal control procedures in the related processes. Able to identify key risks and mitigating control steps in own functional areas.

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.




Skills

FinanceAccountingRecruitmentOperationsCRM

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