Finance Analyst, Loan Accounting - Tenders Global
Post a Tender/Job for Free

Finance Analyst, Loan Accounting

World Bank

tendersglobal.net

Finance Analyst, Loan Accounting

Job #: req25339
Organization: World Bank
Sector: Finance & Accounting
Grade: GE
Term Duration: 4 years 0 months
Recruitment Type: Local Recruitment
Location: Washington, DC,United States
Required Language(s): English
Preferred Language(s):
Closing Date: 1/14/2024 (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 WBs 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.
Unit Overview:

Within WFA, the Loan Accounting and Trust Fund Division (WFAAS) directly serves both the IBRD & IDA loan portfolios, and the WBG Trust Fund portfolio.

As it relates to the IBRD/IDA loans business, the team is directly responsible for the accuracy and completeness of the IBRD and IDA loan ledgers, overseeing quarterly loan ledger closings, and supporting the IBRD/IDA external audits. In addition, the division is responsible for servicing borrowers debt repayments, monitoring overdue status, and directly engaging with operational teams to facilitate timely repayments. The division is also a focal point for preparing and researching loan portfolio queries and requests from senior management and is also engaged upstream in supporting and operationalizing new products, policies, and corporate initiatives.
As it relates to Trust Funds, the team provides upstream and downstream finance, client service, day to day accounting, audited financial reporting for the WBG Trust Fund portfolio, and serves as one of the Banks core central TF units.

The team is also accountable for ensuring strong internal controls over financial reporting for both trust funds and loan accounting. The team also maintains and enhances trust fund related systems and workflows which serve the Banks TF business and operationalizes new products and requirements into related loan accounting and trust fund applications and workflows.

The division regularly works directly with colleagues in IBRD/IDA corporate finance units and Operations including DFI, TRE, WFA, LEG, CRO, Senior Management, ED offices, in addition to the external auditors, IFC, MIGA and other MDBs.

The division is located in three locations: HQ, Chennai, and Manila. WFAAS is currently seeking a Finance Analyst in Washington, D.C.

How your contributions will help us achieve our goals:

The Finance Analyst will support the loan accounting team on day to day accounting and reporting responsibilities, while supporting corporate projects and initiatives. This role requires sound knowledge of IBRD and IDA loan products and policies, together with a strong background and experience in monthly closings in a production accounting environment that regularly interacts with Bank colleagues across other Finance VPUs, Operations, IFC, MIGA, and the external auditors. A large part of the work program relates to addressing urgent and unanticipated issues that arise on a regular basis from all levels of the organization.

The Finance Analyst will report to Loan Accounting Team Lead.

What you will do:

Directly perform quarterly accounting closing production work for the IBRD/IDA loans portfolios. Directly engage with and support other corporate finance units and external auditors on related inquiries and initiatives
proactively monitor and anticipate for internal control issues. Adopt and role model a strong control mindset. Initiate and actions to remediate and learn from issues in order to strengthen the control environment
draft and articulate business requirement documents related to new business needs, products or policies. Perform user acceptance testing of new systems and functionality
prepare management reports, including proactive identification of trends or potential inconsistencies through critical review of data and fact patterns regarding the loans portfolio. Lead/assist/support the response to queries from senior management, external auditors etc.
Act as a key point of contact for external auditors and other reporting units.
Any other ad hoc tasks as they arise.

Selection Criteria

What you will bring:

Education & Experience:

CPA or equivalent designation
Minimum 7 years post qualification experience in a corporate accounting setting, and hands on experience in a finance and accounting production environment, and month end closings
Experience in assessing accounting, reporting, control impacts of new products, policies and clearly articulating those needs in written business requirements.
Experience in performing system user testing, evaluating and documenting results
Experience in financial services industry with preference towards experience in an international multilateral organization
Preferable: Big Four or equivalent public accounting experience is advantageous

Knowledge and Skills:

Strong knowledge of U.S. GAAP and proficiency with researching and applying accounting standards
Strong knowledge of and practical experience in designing and implementing internal controls over day to day processes and financial reporting related tasks
Preferable: Knowledge of the World Banks loan products and policies is advantageous
Hands on experience with an ERP system with strong preference to SAP experience
Demonstrated and proven attention to details is required

Abilities:

Strong communication and inter-personal skills, including the ability to express views clearly and confidently
Ability to deal sensitively in a multi-cultural environment and build effective working relations with clients and colleagues
Many requests may involve off hours work due to their urgency. Applicants unable to accept this requirement should not apply to this position.

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 theWorld BankandIFC, including our values and inspiring stories.


Apply for this job

To help us track our recruitment effort, please indicate in your cover/motivation letter where (tendersglobal.net) you saw this internship posting.

Related Jobs/Tenders

Showing 1 - 4 of 153095 jobs/tenders
Job Location

Please DONT SEND CV by email to us. Only ads and technical problems:

[email protected]
© tendersglobal.net