Finance Analyst

Finance Analyst

Job #:

req24546

Organization:

World Bank

Sector:

Finance & Accounting

Grade:

GE

Term Duration:

3 years 0 months

Recruitment Type:

Local Recruitment

Location:

Washington, DC,United States

Required Language(s):

English

Preferred Language(s):

N/A

Closing Date:

10/25/2023 (MM/DD/YYYY) at 11:59pm UTC

Description

Do you want to build a career that is truly worthwhile? Working at the World Bank provides a unique opportunity for you to join us to help our clients solve their greatest development challenges. The World Bank (WB) is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions (IBRD, IDA, IFC, MIGA, and ICSID) dedicated to ending extreme poverty, increasing shared prosperity, and promoting sustainable development on a livable planet. 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 WB Finance & Accounting (WFA) Vice Presidency is responsible for all aspects of the financial reporting and internal control framework for IBRD and IDA, and the extensive Trust Fund/Partnership portfolio of the WB entities. It supports an appropriate fiduciary control framework and administering disbursements for Bank lending and leads the client service function for the WB's corporate expenses.

Organizationally, WFA is comprised of three departments: (1) Corporate Accounting and Reporting, (2) Trust Funds and Loans, and (3) Financial Controls. In WFA, our mandate supports both internal and external clients while we focus on delivery, optimization, impact, and people & culture.

WFACS:

Within WFA, WFACS - Client Services unit of the Trust Funds and Loan Department is devoted to providing "front-end" client services and related operations to business and external clients, and is organized along business lines serving the regions and global practices. The Services within the area of WFACS responsibilities fall under three categories: regional coordination, country focal point assistance, and project-level fiduciary and portfolio management.

WFACS is currently seeking a highly motivated Finance Analyst for its team in Washington DC, USA.

How your contributions will help us achieve our goals

The Finance Analyst will contribute to several system-related initiatives, including the Loan System Modernization Project, Blockchain Technology, the

Enterprise Resource Planning (ERP) system replacement (also known as 'Project Aria') and other related activities:

• Loan System Modernization Project: design and implementation of a new loan platform.

• Blockchain Technology: development of a Blockchain platform for disbursements' traceability.

• ERP system replacement: design and implementation of the disbursements and loan portfolio management-related components of the new ERP system.

Other related activities will include: support to the existing loan systems (ilap); data mining etc.

Additionally, the Finance Analyst could be called upon to support disbursement-related activities as required by the management. You may also participate in several corporate initiatives of the division.

As a Finance Analyst, you will report to a Senior Finance Officer responsible for the systems-related activities.

What you will do

• You will provide support and contribute to the system-related activities as outlined above.

Selection Criteria

What you will bring

Education.

• A Bachelors' degree in Finance, Accounting or a relevant discipline.

• A Certified Public Accountant (CPA) or a Chartered Accountant (CA) or their equivalent professional accounting qualification is preferred.

• A Master's degree in a relevant discipline - finance, accounting is a plus.

Experience:

• Minimum of three years of relevant work experience.

• Experience with a financial institution is a plus.

• Big Four accounting firms' or equivalent public accounting experience is a plus.

• Experience in the design and implementation of a loan platform, including using that experience to identify and recommend enhancements to the loan system.

• Experience in the development of a Blockchain platform for disbursement activities.

• Experience in processing loan disbursement transactions and managing a portfolio of loans.

Knowledge and Skills:

• Knowledge and application of the Bank's Operational Policies and Procedures and how they relate to disbursements and loan portfolio management.

• Relevant knowledge of Generally Accepted Accounting Principles (GAAP), internal controls and financial management.

• Ability to exercise professional judgment and appropriately interpret and apply operational policies, as they relate to disbursements and loan portfolio management.

• Strong quantitative skills with superior attention to detail and numerical accuracy.

• Ability to manage complex tasks, deal with rapidly shifting priorities, provide professional support to senior staff and deliver against ambitious deadlines.

• Demonstrates good understanding of risks and internal control procedures pertaining to various activities in own functional areas.

• Strong client focus including good interpersonal, diplomatic and team building skills required for building and maintaining collaborative relationships.

Abilities:

• Strong communication skills, including the ability to explain and express views/opinions clearly and confidently.

• Ability to deal sensitively in a multi-cultural environment and build effective working relations with clients and colleagues.

• Willingness to work in different time zones - Given that the division is co-located in multiple cities in different time zones and borrowers are in different countries, candidates must be willing to work in different time zones on an 'as-needed' basis.

• Willingness to travel on mission and short-term assignments.

• 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.

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.