Financial Analyst

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Description

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• •  Support, help design, and ultimately implement and account for new and emerging trust funds, in addition to the existing trust fund portfolio.
• •  Ensure the accuracy and integrity of the Trust Fund modules, financial ledgers and related interfaces, which capture all TF activities.
• •  Report on Trust Fund 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.

• The Financial Analyst will be responsible for executing centralized accounting processes, ensuring trust fund financial ledgers are fully reconciled and in sync with all business applications that record/generate trust fund financial transactions. You are expected to contribute to continuous improvement and process enhancement initiatives. You are also expected to work with the external auditors by providing supporting documentation and monitor exception reports and resolve inconsistencies, if any.        

• Execute centralized accounting processes, such as investment income allocation to individual trust funds, administration fee recovery, intercompany billing, computation and remittance of TF revenue to IBRD, settlement of dues to IBRD for payments made on behalf of trust funds, etc., in a timely and accurate manner. 
• Carry out periodic financial control activities, such as system interface reconciliations and monitoring of suspense and Inter-business unit accounts.
• Perform critical month-end closing/year-end closing activities such as accounting model reconciliation, review of key accounts, business table reconciliations, trial balance analysis, revaluation, carry forward etc., and ensure month-end/year-end close per production schedule.
• Compute and remit the administrative fee earned to IBRD; Provide quarterly analysis of deferred administrative fees to IBRD for financial reporting.
• Ensure weekly settlement of dues to IBRD for payments made on behalf of trust funds.
• Create GL accounts in TF company codes per request from BUs and map them to appropriate report types to facilitate accurate reporting
• Create and maintain posting rules for trust fund ledger postings
• Periodic review of SAP roles for WFATN and coordinate for changes to, or obtaining new SAP roles for staff
• Support half-yearly budget reorganization activities

• Lead/Participate in automation projects and coordinate with technical teams on system changes, bug fixes, enhancements and testing
• Contribute to the continuous improvements and process enhancement initiatives surrounding
• Trust Fund processes aimed at simplification and/or enhancements to process quality and controls;
• Provide inputs and actively participate in various institutional projects;

• Provide a variety of metrics / charts to be included in overall departmental operations report to measure progress of operations at Chennai vis-a-vis agreed norms for management information and action;
• Coach and mentor junior team members.

• Chartered Accountant or Certified Public Accountant
• 3 to 5 years post qualification experience
• Proven working experience on accounting and reporting processes using automated accounting systems preferably SAP;

• Demonstrated good judgmental and analytical skills;
• Excellent problem-solving skills;
• Proficiency in SAP and Microsoft Office tools;
• Good interpersonal and communication skills (both written and oral);

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