Senior Financial Assistant

The Financial Operations unit (CNTFO) within the IFC Controllers Department has overall responsibility for recording, servicing, and providing post-commitment support for the private sector loan, guarantee, short-term finance products and programs, and the equity investments of the International Finance Corporation, and has several units that deliver this work, namely Loan Operations (CNTLO), Equity and Custody Operations (CNTEC), Blended Finance Operations (CNTBF), and Quality Assurance (CNTQA).

CNTFO provides financial operations support and services to the IFC Investment Departments, counterparts, internal and external financial and investment reporting units, syndication and treasury units, and portfolio management units, in the administration and management of all IFC Loan, Guarantee, Equity, and Development-Partner-Trust Funds financial operations. CNTLO administers and manages all IFC loan financial operations which includes processing and monitoring transactions such as straight senior loans, syndications, bonds, and guarantees risk participation.  CNTEC provides customer services to the investment departments and external clients through the servicing and accounting of IFC’s equity investments. CNTBF administers and manages all blended finance operations. CNTQA is responsible for quality control over the recording of loan and equity transactions, through data mining and analysis, review of metrics and controls, and coordination across units to address data quality and control gaps.    

The units ensure that loan and guarantee agreements, equity investments, and Development-Partners-trust-fund investments are recorded accurately and timely in the Corporation’s systems of record and general ledger. The units play a key role in the decision-making for, and implementation of, IT systems and upgrades, as well as in the implementation of new initiatives and financial products to ensure that data is recorded accurately and timely.

CNTFO has co-located some aspects of its work program to IFC’s Chennai Office (CNTCO), which have recruited staff in the IFC Financial Operations Support team (CNTFC) to deliver this work program. The team provides support and interacts with IFC colleagues in Washington on a day–to–day basis. The Senior Financial Assistant shall interact extensively with internal partners, such as Loan Operations counterparts, Middle Office Operations team, Investment operations, Syndications Unit, IT teams, Treasury Support, and the IFC Financial Reporting team. The Senior Financial Assistant will report to the Team Lead of the CNTFC Loan & Equity unit in Chennai. The individual must be a self-starter in identifying and undertaking projects or initiatives.

Roles and Responsibilities:

The Senior Financial Assistant is a key member of the team, providing operational and administrative support for the IFC’s Loans and Equity operations. This role requires frequent interaction with internal counterparts in CNT, Treasury, Middle Office Operations team, Investment operations team, Budget team, Syndications team, Internal Controls, and external auditors. 

Source: https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=25947&site=1