E T Temporary
Chennai
- Organization: World Bank Group
- Location: Chennai
- Grade:
-
Occupational Groups:
- Closing Date:
Do you want to build a career that is truly worthwhile? The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty and promoting shared prosperity. 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 Pension and Endowments Department (PEN) is responsible for the financial management and administration of the World Bank Group's funded benefit plans. Financial management includes asset management responsibilities and actuarial support. PEN manages about $40 billion US dollars invested across a range of asset classes, including fixed income, public equities, private equity, real assets, absolute return, and credit strategies. The Pension Finance Committee, appointed by the Bank Group President and chaired by the Chief Financial Officer, has oversight responsibility for the financial management of the plans. PEN’s responsibilities also include the delivery of technical assistance on multi- asset class investment management to pension plans, endowments and funds for the future, and the management of the Pension Administration function. PEN identifies, selects, evaluates, and monitors investments, through outside managers, globally.
The Pension Middle Office team (PENMO) under PEN is responsible for providing a full range of functions supporting these investment activities, including the following: i) pension plan operational activities, ii) pension plans financial statements, iii) pension investment performance and attribution, iv) asset class exposure monitoring, v) investment asset pricing and valuation, and vi) third-party clients’ reporting.
The World Bank Group is committed to achieving diversity in terms of race, gender, nationality, culture, and educational background. Individuals with disabilities are equally encouraged to apply. All applications will be treated in the strictest confidence.
Duties and Accountabilities:
The primary responsibilities will include, but is not limited to, some combination of the following activities:
• Help record, analyze, and report daily capital calls and distribution notices and quarterly investor capital statements received from Private Equity (PE), Real Estate (RE) and Credit Strategy (CS) fund managers.
• Perform daily and monthly reconciliations of cash flows recorded in the internal application for PE/RE/CS to corresponding records of the Custodian. Would be required to investigate differences and suggest solutions in a pro-active manner.
• Support automation initiatives and IT projects relating to operational areas including systems implementation, maintenance of documents, databases, dashboards, and reports.
• Create and maintain analytical reports using periodic reports and statements received from fund managers for better understanding of both the manager and portfolio performance.
• Help record monthly and quarterly investor capital statements received from Fund managers in a timely manner.
• Assisting headquarters in the year-end audit of the pension plans and the preparation of plan’s financial statements and footnotes with working papers.
• Maintain document and contact databases for hedge fund, PE, CS and RE funds.
• Prepare routine correspondence and promptly communicating with third parties. Managing the flow of information and monitoring/following-up on outstanding issues and deadlines.
• Be responsible for resolving and/or escalating daily operational issues with custodians, internal and external parties.
• Handle requests to open new accounts with the custodian and set up new wire instructions of external parties in the wire system.
• Ensure that all business processes in the unit are properly documented and complied with.
• Assist PENMO staff with ad-hoc tasks to ensure prompt delivery of daily, monthly, quarterly, and year-end deliverables and reporting requirements, and
• Support and attend to various tasks within a multi-asset class management business in the areas of treasury operations, accounting, management reporting, valuation control, and performance analytics, as may be assigned from time to time.
We do our best to provide you the most accurate info, but closing dates may be wrong on our site. Please check on the recruiting organization's page for the exact info. Candidates are responsible for complying with deadlines and are encouraged to submit applications well ahead.
Before applying, please make sure that you have read the requirements for the position and that you qualify.
Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.
Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.