Financial Analyst

tendersglobal.net

Job Description

The Financial Analyst will be responsible for accounting and reporting functions for Trust Fund business of the Bank. You will play a key role in maintaining a robust reporting and control environment for the Trust Fund Business and systems.

You are expected to contribute to the institutional initiatives including financial accounting activities for assigned Trust Fund programs and reporting financial statements  information to the donors and program managers, new Trust Fund initiatives, Accounting Standard updates, and other system enhancements. You are expected to create efficiencies through automations and process re-engineering. You will also help meet client expectations and create impact to all stakeholders of the division. 
Ensure the accuracy, appropriateness, completeness, and control of information for the Trust Fund accounting and reporting:

  • Execute day-to-day accounting functions involving fund transfers, expense transfers, interim budget recoveries, budget updates and cancellation of funds for assigned programs within the ambit of trust funds accounting / administration policies / procedures and agreed Service Level Agreement (SLA) parameters;
  • As a program accountant, serve as a single point contact and collaborate with colleagues, clients and counterparts for troubleshooting/resolving accounting and reporting issues relating to the assigned programs;
  • Prepare audit packages including financial statements and back up papers for trust funds requiring audit;
  • Monitor and resolve inconsistencies in master data /general ledger using exception reports;
  • Initiate procedures to close assigned trust funds when due and return unutilized funds as per the procedures after completion of closure process;
  • Provide reports to program managers and donors on the trust funds / program’s financial status and movement of funds;
  • Liaise with Headquarters (HQ) counterparts to provide them the requisite papers / documents for timely completion of audit;
Analytical review and information support for Trust Fund portfolio:
  • A periodic review of the financial information to identify trends and significant changes to assess the reasonableness of the data/information.
  • Perform analysis, contribute to the various reporting requirements, and suggest parameters for decision making.
  • Respond to questions/requests on Trust Fund information from period activity or financial reporting requirements.
Process improvements & automation projects:
  • 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;
Others:
  • 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.
Selection Criteria:
Education & Experience:
  • Chartered Accountant or Certified Public Accountant;
  • minimum 3 years post qualification experience
  • Proven working experience on accounting and reporting processes using automated accounting systems preferably SAP;
  • Exposure to various reporting tools like Alteryx, Power BI will be an advantage
Knowledge and Skills:
  • Demonstrated good judgmental and analytical skills;
  • Excellent problem-solving skills;
  • Proficiency in SAP and Microsoft Office tools
Source: https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=25644&site=1

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