Finance Analyst – GE

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 in developing countries. In fiscal year 2023, IFC committed a record US$43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org

The Vice Presidency for Corporate Support (COSVP) integrates Budget and Business Administration, HR, Communication, Strategy, and Information & Technology functions under one umbrella to enable the execution of IFC’s management and operational needs in the best way. Within COSVP, the Budget and Business Administration department (CBA) plays a pivotal role in allocating IFC scarce resources and aligning them to IFC 3.0 by leveraging budget as a management tool to mainstream the corporate strategy, creating profitability and efficiency metrics, improving the scorecard, and overseeing procurement and facilities administration.

The Finance and Budget Unit of Europe (CBAEC) is responsible for budgeting, work program planning, budget & financial reporting, and resource management for all the offices in Europe. In addition, in-country offices, CBAEC staff performs accounting and administration functions. Overall, CBAEC ensures that each Country Office maintains cost efficiency and effective controls over all financial transactions and provides support for effective management of resources.

The Finance Analyst will work under the guidance and supervision of the Finance Officer. The individual will fulfill finance and budget responsibilities for the assigned projects, perform accounting functions as needed, support the planning and reporting of country office expenses and overheads, implement financial control activities, and perform resource management for the country office supporting One World Bank Group’s agenda.

 

Roles & Responsibilities:

Budget Management Support:

• Support unit or regional budget formulation, execution, monitoring, analysis, and reporting activities. Advise on resource allocation and reallocation. 
• Provide effective support to the country / regional management   on business and resource planning.
• Monitor the implementation of work program and budget through regular reviews, ensuring the quality of the unit’s budget data.
• Identify trends and variations, identify/resolve issues, and discuss them with line management, working groups and other relevant staff.
• Other ad hoc tasks as required to support the budget management of operations.

Project Business Line Support and Reporting: 

• Produce detailed and summary reports for department’s management on all funding.
• Support Advisory, Upstream or Investment business line teams as required.
• Provide reliable information and analysis including Donor reports or other information as required.
• Ensure effective back-up arrangements, ensure timely completion of tasks and submission of outputs.
• Proactively establish and maintain interface with the clients, within CBA Department and across.
• Advise/consult with staff in the CBA Department to improve knowledge and awareness with respect to budget methodologies, policies, internal control policies and procedures.

Country Accounting Support: 

• On as needed basis handle Imprest administration processing of payments and other Imprest responsibilities and ensure compliance with World Bank Group (WBG) policies and procedures. 
• Work closely with IBRD RM and local staff to ensure smooth operations.
• Review expenses for accuracy, proper approval, and identification of expense category, and ensure correction of any errors or discrepancies.
• Support Quality Assurance review or Internal Review for Improvement as required.
• Work with the Country Manager / Joint Country Representative to ensure a strong control environment in the office, providing advice on control issues. 
• Ensure that audit and quality assurance reviews’ recommendations are implemented.
• Provide advice and guidance on WBG policy and practice. 
• Share new resource management & accounting and administrative policies and procedures and ensure these are communicated and followed by staff.

 

Selection Criteria

• Bachelor’s degree in Accounting, Finance, Business, or Economics with relevant 2- 4 years of working experience. 
• Recognized professional accreditation (CPA, CMA, CIMA, ACCA) is a plus.
• Sound knowledge and understanding of accounting theory, concepts and principles, financial accounting reporting, and cost allocations.
• Diligence and attention to detail.
• Planning and budgeting skills proved by experience: able to produce standard activity and unit-level reports and budgets using inputs from senior staff or operational management, and to provide the analysis of budget information.
• Proven problem-solving and analytical skills.
• Ability to analyze and synthesize information, interpret data, retrieve information, and clearly and concisely communicate results. 
• Good data mining skills with working knowledge of Microsoft Package. Advanced Excel is an advantage.
• Effective communication skills with the ability to prepare, present, and discuss findings. 
• Ability to manage multiple, concurrent tasks with tight deadlines
• Excellent interpersonal, teamwork, and communication skills. 
• Good knowledge of English. The knowledge of Polish and Ukrainian is a plus.

 

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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