Plan International
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JOB DESCRIPTION
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 Operations. In WFA, our mandate supports both internal and external clients while we focus on delivery, optimization, impact, and people & culture.
Within WFA, The Accounts Receivable, Payroll, and Tax division (WFAPT) is responsible for ensuring that (i) accounts receivable are recorded, monitored, and collected in a timely and efficient manner, (ii) salary and benefit payments to the WB staff are processed in a timely and efficient manner, and (iii) tax allowances to the WB staff and retirees are processed in a timely and efficient manner. It also provides strategic leadership and guidance to business units across the WB on developing and maintaining an effective system of internal controls over accounts receivable, payroll and tax.
WFAPT is currently seeking an Accounting Officer to join its Tax function in Washington, DC. The Tax team in WFAPT administers tax allowances on WB compensation and tax supplements on Net Staff Retirement Plan pension payments in accordance with tax laws and WB policies. The Tax team is involved in the development and modification of tax policy, execution of all tax payments, monitoring of corresponding financial data, and actively participating in decisions on tax matters relating to the World Bank compensation and pension. The Tax team also undertakes research of national tax laws and evaluation of World Bank agreements with member countries to determine the tax implications on World Bank emoluments and pension.
How your contributions will help us achieve our goals
The Accounting Officer will serve as a specialist, primarily to handle the tax allowance/tax supplement and other tax activities within the team in close coordination with the Tax team in Chennai, as well as design and implement tax processes and system improvements. The position interacts extensively with the People and Culture (PaC), Legal, Pension, WB country offices, and the Information and Technology Solution (ITS) teams.
As an Accounting Officer, you will report to the Division Manager.
What you will do:
You will work closely with the Tax Team Lead, the Senior Accounting Officer, on the following tasks:
I. Technical leadership, client services and project management
• Research country tax laws and evaluate the applicable agreements between the member countries and WB to determine tax implications on WB compensation.
• Work with stakeholders, i.e., Legal, PaC , and Country Offices, along with external counsel and international accounting firms to analyze complex tax issues and identify solutions. Identify tax implications arising from new WB initiatives.
• Work with ITS to lead the design and development of system enhancements to deliver robust technology solutions.
• Collaborate with the Tax team in Chennai in administering the US tax allowance program and periodically executing the Business Continuity Plan procedures.
• Support the Tax Supplement program which includes research country tax laws and determine tax implication on WB pension as well as processing the tax supplement payments.
• Mentor junior staff and provide input to the Team Lead to help optimize processing standards and enhance productivity and client service.
II. Business advisory, data analysis and reporting:
• Serve as functional expert with respect to complex tax issues.
• Analyze tax data, identify solutions, and present findings that balance client needs with division and institutional requirements for complex cases and issues.
• Analyze tax accounting data to ensure integrity of the WB’s financial records.
• Develop tax allowance procedures, and design and deliver training material for staff impacted by tax law changes or new software.
• Support the analysis of risk, efficiency, productivity, and cost-effectiveness through the development of key performance indicators for the Tax team.
• Provide advice and support to business partners and staff members on the WB tax allowance policies and its applications.
Selection Criteria
What you will bring:
Education & Experience:
• Professional accounting qualification (E.g., CA, CPA, ACCA or equivalents)
• Enrolled Agent certification is desirable
• Bachelor’s or Master’s degree in Accounting, Finance, or Taxation
• Minimum of 8 years of relevant work experience
• Relevant experience: preparation and review of individual tax returns and gross-up/tax equalization calculations for US/Non-US assignees of multinational corporations/organizations, preferably in a Big 4 accounting firm.
• Project management and systems implementation experience is desirable.
Knowledge, Skills, and Abilities:
• In depth knowledge of US individual income tax regulations, including pension distributions; non-US individual income taxation, especially in research of country tax laws and tax treaties together with the analysis of tax implications of certain income items and pension distributions.
• Strong knowledge and proven experience in tax calculations and the impact of different calculation elements on final tax results; .
• Demonstrated ability to learn and apply new technology effectively. Solid experience in system development projects is a plus.
• Ability to analyze tax and accounting data structures, identifying data inter-relationships and recommending improvements to procedures, systems, and controls.
• Excellent judgment and strong communication skills.
• Strong interpersonal skills and ability to work effectively in a multi-cultural environment.
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.
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