Finance Analyst

Nairobi

Organization: World Bank Group
Location: Nairobi
Grade:
Occupational Groups:
- Operations and Administrations
- Banking and Finance
Closing Date:

Do you want to build a career that is truly worthwhile? Working at the World Bank provides a unique opportunity for you to join us to help our clients solve their greatest development challenges. The World Bank (WB) is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions (IBRD, IDA, IFC, MIGA, and ICSID) dedicated to ending extreme poverty, increasing shared prosperity, and promoting sustainable development on a livable planet. 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 WB Finance & Accounting (WFA) Vice Presidency is responsible for all aspects of the financial reporting and internal control framework for IBRD and IDA, and the extensive Trust Fund/Partnership portfolio of the WB entities. It supports an appropriate fiduciary control framework and administering disbursements for Bank lending and leads the client service function for the WB’s corporate expenses.

Organizationally, WFA is comprised of three departments: (1) Corporate Accounting and Reporting, (2) Trust Funds and Loans, and (3) Financial Controls. In WFA, our mandate supports both internal and external clients while we focus on delivery, optimization, impact, and people & culture.

WFACS:

Within WFA, WFACS – Client Services unit of the Trust Funds and Loan Operations Department is devoted to providing “front-end” client services and related operations to business and external clients and is organized along business lines serving the regions and global practices. The Services within the area of WFACS responsibilities fall under three categories: regional coordination, country focal point assistance, and project-level fiduciary and portfolio management.

WFACS is currently seeking a highly motivated Finance Analyst (FN) for its team in Nairobi, Kenya.

How your contributions will help us achieve our goals:

The Finance Analyst plays an important role in disbursement related activities during implementation of a project. The FN is expected to work in close collaboration with the Finance Officer(s) and Regional Team Leader to support task teams, operations staff and external Borrowers. The FN’s responsibilities include performing a variety of tasks, including working on diverse range of disbursement related issues and providing solutions and working on system design.

As a Finance Analyst, you will report to the Regional Team Lead.

What you will do:

• Disbursement transactions processing: Act as the country focal point for assigned countries in disbursement related aspects in collaboration with the country Finance Officer, at country level. Perform transaction processing including release of disbursements, as appropriate. Promptly liaise with clients to resolve any potential issues or exceptions noted in the processing of transactions.

• Project Restructuring and preparation of certain Trust Funds: Manage project preparation, as assigned by the Finance Officers for low-risk Trust Funds and review restructuring packages.

• Portfolio management: Monitor inactive Project Designated Accounts, engage in portfolio management activities, system updates and liaise with clients to ensure that Designated Accounts balances are promptly documented or refunded for orderly loan closure, and handle other tasks that may be assigned by their supervisor

• Training and Capacity building: Evaluate the results of both the reviews of transactions and the portfolio management work to identify areas where borrowers have capacity constraints and provide capacity-building to clients. This includes training end-users on how to access and interpret the Bank online systems, tools and data available in the data lakehouse, and how to perform their own analysis of the disbursement data.

• System and related tasks: Support the design and development of system and enhancement tasks, upgrades to applications and new system. Perform testing related to enhancement tasks, upgrades to applications. Preparation of disbursement and analytical reports, including maintaining interactive dashboards, data visualizations and reports using Power BI and other tools.

• Data stewardship and visualization: Work with various data platforms and tools such as Dremio, Power BI and Advanced Excel. Collaborate with cross-functional teams to identify data requirements, automate reporting processes, and perform user acceptance testing for ongoing loan system modernization projects. Serve as the bridge between business teams and the technical data engineering team to translate business needs into technical requirements and explain technical concepts to non-technical stakeholders.

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.

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