Financial Operations Analyst - GE   - Tenders Global

Financial Operations Analyst – GE  

international finance corporation

tendersglobal.net

activities 

Company presentation

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in developing countries.

We utilize and leverage our products and servicesas well as products and services of other institutions in the World Bank Groupto provide development solutions customized to meet clients’ needs. We apply our financial resources, technical expertise, global experience, and innovative thinking to help our partners overcome financial, operational, and political challenges.

Clients view IFC as a provider and mobilizer of scarce capital, knowledge, and long-term partnerships that can help address critical constraints in areas such as finance, infrastructure, employee skills, and the regulatory environment.

IFC is also a leading mobilizer of third-party resources for its projects. Our willingness to engage in difficult environments and our leadership in crowding-in private finance enable us to extend our footprint and have a development impact well beyond our direct resources.

For more information, visit www.ifc.org

 

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Job description

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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 IFC Controllers Department (CNT) is responsible for effectively and efficiently managing IFC’s Financial Operations (loan, equity and short-term finance operations, and back-office treasury support operations), Financial Reporting (including portfolio review, investment accounting and accounting policy), Internal Controls, and Financial Systems, Integration and Projects. The Department comprises approximately 125 diverse and highly skilled staff, based in Washington DC, and Chennai.

The Treasury Support Operations Division (CNTTR) within IFC provides back-office and accounting services for all IFC Treasury activities. CNTTR is additionally responsible for processing and accounting all IFC cash transactions, capital share transactions, and operational support in the development of IFC Treasury’s new business initiatives and products. The CNTTR team is in Washington DC (HQ) and Chennai (India) and delivers its work program on a cross support basis. The team providing cross support interacts with colleagues in Washington on a day–to–day basis and ensures that the support operations are successfully delivered.

The Quality Assurance team within CNTTR is seeking a Financial Operations Analyst to support IFC Treasury back-office and accounting operations including cash and capital. The position requires working knowledge of treasury products and related accounting, as well as proficiency in handling multiple systems relevant to CNTTR’s businesses. The suitable candidate will have a good understanding of controls and their application to the treasury operation processes. The selected candidate will be required to work across the various team functions and become a fully functional team member within a short timeframe. The position requires the ability to establish productive relationships with staff at all levels within the team and with all units of the Corporation.

 

Duties & Accountabilities:

•  Perform trade servicing activities, including flow analysis, validation and processing, 
•  Reconciliation and troubleshooting of the settlements. 
•  Investigate and close out all unresolved settlement discrepancies.
•  Assist in daily and monthly sub-ledger control activities and analysis to ensure accurate and full recording of transactions in accordance with policies and procedures
•  Assist in timely and accurate monthly close process including preparing monthly reports and adjusting entries in sub-ledgers (Treasury, Cash, and Capital)
•  Participate in the testing of processes and systems implementation and/or enhancements related to treasury accounting operations
•  Perform transaction processing of IFC capital shareholder and cash activities
•  Build and sustain effective relationships with internal and external partners and clients, including market counterparts, custodians, agents, and banks
•  Communicate effectively to share information and explain analysis within and outside of the unit
•  Document processes, and controls and checks for accounting operations
•  Seek quality and performance improvement opportunities and solutions
•  Act as back-up in the absence of other CNTTR staff

 

Selection Criteria

Education and Experience:

•  Bachelor’s degree(s) in Accounting, Finance, and/or Economics and/or relevant certification CPA/CA/ACCA/CFA and a minimum of 5 years’ relevant experience in accounting and pertaining to financial instruments, loan transactions.
•  Good knowledge of treasury products and back-office operations
•  Good knowledge of treasury accounting, controls, and reporting
•  Good knowledge of Summit, Quantum, and SWIFT is a distinct advantage
•  Ability to contribute to team performance with strong interpersonal and communication skills
•  Self-starting, highly disciplined and team-oriented individual with strong analytical and problem-solving skills
•  Fluency in written and spoken English required

 

WBG Core Competencies 

•  Deliver Results for Clients – Achieves results and identifies mission-driven solutions.
•  Collaborate Within Teams and Across Boundaries – Initiates collaboration across boundaries and broadly across WBG and brings differing ideas into the forefront.
•  Lead and Innovate – Develops innovative solutions with others.
•  Create, Apply and Share Knowledge – Creates, applies and shares knowledge from across WBG to strengthen internal and/or external client solutions.
•  Make Smart Decisions – Recommends and takes decisive action.

 

Controllers Department Competencies

•  Client Understanding and Advising: Advises the clients and helps them think proactively about how to best meet their current and future needs, taking into considerations the real underlying issues. Works across CNT and with other VPUs to define client needs and develop the right solutions to meet those needs.   PLUS: Provides recommendations to multiple VPUs that can add value to customers beyond normal offerings.
•  Broad Business Thinking: Maintains an in-depth understanding of key business issues.  Sets clear explanations for the integration and alignment of CNT solutions with business functions.  PLUS: consider WBG wide implications in decision making to ensure consistency across WBG.  Sponsors long-term VPU-wide initiatives.
•  Information Technology and Systems: Demonstrates understanding of the functions and operations of pertinent IT systems and applications. Provides inputs to IT system enhancement efforts based on day to day working experience and knowledge of the systems.
•  Analytical Thinking: Coordinates the information gathering and reporting process. Reviews trends and compares to expectations. Conducts analysis to define problems and prepares responses to anticipated questions.
•  Policies and Procedures: Demonstrates thorough knowledge of policies and procedures in related fields.
•  Risks and Controls: Leads by example and serves as best practice champions in completing internal control procedures, including understanding impact beyond own immediate functional areas.
•  Communication: Adapts the communication style appropriate for the intended audience. Adopts an inclusive approach to communication as is appropriate to the situation, to ensure adequate stakeholder participation. Presents information effectively and encourages feedback.
•  Project Management: Understands and utilizes the concepts of project management, as they relate to the implementation of a project.
 

 

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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More details

Working hours (%): 80-100%

Type of contract: Staff (Permanent and Fixed Term)

Macro-area: North America

Level of experience: Junior Professional, 1 to 3 years

Area of work Definition: Banking and Finance

Type of organisation: Multilateral Organisations

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