Jobs

Job Details



Refer Job: Send to a Friend
  • Share this on Facebook
  • Share this on LinkedIn

Add Add to Saved Jobs

Back

Financial Operations Analyst

Job #: req19168
Organization: IFC
Sector: Finance & Accounting
Grade: GE
Term Duration: 3 years 0 months
Recruitment Type: Local Recruitment
Location: Washington, DC,United States
Required Language(s): English
Preferred Language(s):
Closing Date: 10/11/2022 (MM/DD/YYYY) at 11:59pm UTC

 

 Description

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 2022, IFC committed a record $32.8 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’s Controllers Department 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 reporting and analysis, 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 all IFC cash transactions, Capital share accounting, and also provides 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.

This position is based in HQ and reports to the Manager of CNTTR. This is a position that will support bank reconciliation, investigation, and accounting. The position requires working knowledge of treasury products, loans, equity, accounting, as well as proficiency in handling multiple systems, including Quantum (a cash system), Summit (a treasury system) and SWIFT (a payment and messaging system).  The selected candidate will be required to work with various team functions, including the Chennai Office and become a fully functional team member within a short time frame. The position requires the ability to establish productive relationships with staff at all levels within the team and across various units of IFC.  

Duties and Responsibilities:

The Analyst will work as part of a team of professionals to meet the group’s responsibilities as they relate to delivery of back-office and accounting functions for all IFC Treasury activities.  Responsibilities will include the following: 

•  Perform timely and accurate bank reconciliation for all IFC cash accounts (operational and liquid asset-managed accounts) in accordance with established procedures.
•  Allocate all cash payments and receipts to respective business products such as derivatives, fixed income, equity, loans, reimbursable, ad-hoc payments, etc.
•  Report, investigate, and close out all unapplied funds in collaboration with IFC business units and correspondent banks.
•  Perform overdraft reporting and bank charges analyses.
•  Review all incoming SWIFT inquiries and take appropriate actions; respond to all inquiries in a timely and professional manner.
•  Develop and maintain effective relationships with external clients, custodian, and correspondent banks; liaise with relationship officers to expedite resolution of settlement issues.
•  Perform month-end closing process for IFC’s cash system.
•  Demonstrate thorough understanding of the cash system’s functionalities and handling of Static Data set up, Bank Account Maintenance, Matching rules, Table editor and mapping, Reports, etc.
•  Actively participate in troubleshooting of technical issues, identifying process improvement and solutions.
•  Assist with the preparation and analysis of various reports and metrics.
•  Carry out Ad-hoc duties which may be assigned by team supervisor.

Selection Criteria

•  Bachelor’s Degree in Accounting, Finance or Business Administration with a minimum of 5 years’ experience in various capacities such as accounting, reconciliation, cash management, investigations, client service, or banking administration.  Master’s degree is related field is a plus.

Core Technical Knowledge:

•  Good knowledge of accounting, treasury, loan or equity support operations.
•  Good knowledge of Quantum, Summit and SWIFT are a distinct advantage.
•  Ability to contribute to team performance with strong interpersonal and communication skills.
•  Highly disciplined and team- oriented individual with strong analytical and problem-solving skills.
•  A positive and self-starter attitude (motivation, drive, initiative); and ability to work in a team-oriented, and multi-cultural environment
•  Fluency in written and spoken English is required.

WBG Core Competencies

•  Deliver Results for Clients - Achieves results and identifies solutions.
•  Collaborate Within Teams and Across Boundaries - Initiates collaboration across boundaries and broadly across WBG, bringing 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 systems improvement 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 detailed knowledge of policies and procedures in related fields.
•  Risks and Controls: Leads by example and serves as good practice champion 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 partner participation. Presents information effectively and encourage feedback.
•  Project Management: Understands and utilizes the concepts of project management, as they relate to 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.