Financial Analyst
Chennai
- Organization: World Bank Group
- Location: Chennai
- Grade:
-
Occupational Groups:
- Banking and Finance
- Impact investing, Social venture capital
- Closing Date:
Do you want to build a career that is truly worthwhile? The World Bank Group is a unique global partnership of five institutions driven by a bold vision to create a world free of poverty on a livable planet. As one of the largest sources of funding and knowledge for developing countries, we help solve the world’s greatest development challenges. When you join the World Bank Group, you become part of a dynamic, diverse organization with 189 member countries and more than 120 offices worldwide. We work with public and private sector partners, invest in groundbreaking projects, and use data, research, and technology to bring tangible and transformative change around the globe. For more information, visit www.worldbank.org.
VPU Context: The WBG Finance & Accounting (WFA) Vice Presidency is responsible for all aspects of the financial reporting and internal control framework for IBRD, IDA, IFC, and the extensive Trust Fund/Partnership portfolio of these entities. WFA also leads the client service function for the WBG’s corporate expenses and trust funds and ensures fiduciary responsibility for all disbursements related to Bank operations. Organizationally, WFA is comprised of four functional areas: (1) Corporate Accounting and Reporting; (2) WBG Accounting Business Services; (3) WBG Financial Operations; and (4) WBG Finance and Operations, Chennai. These units report directly to the WBG Controller who heads the WFA Vice Presidency.
Unit Context: The Chennai team (WFACC) of the Corporate Reporting and Analysis division (WFACR) is a dynamic team of accounting and finance professionals, which together with the team in Washington D.C., is responsible for all aspects of IBRD and IDA’s financial reporting. This includes quarterly/annual financial statements and management discussion and analysis, business unit accounting oversight responsibilities (loans, cash, borrowings, investments, trust funds, pension, and administrative expenses), monthly closing of IBRD and IDA’s ledgers, preparation and review of the monthly trial balances, and other ad hoc deliverables. The team also handles all aspects of IBRD’s capital accounting framework and the approval function of all IDA capital accounting transactions. The team’s roles and responsibilities provide a holistic understanding of the financial dynamics of IBRD and IDA, which places the team in a strong position to be able to assess the impact of market and institutional developments on the financial results of the two entities.
Duties and Accountabilities:
• Preparing internal and external financial statements/reports and other management reports for IBRD and IDA
• Assess the impact of new and proposed accounting and auditing pronouncements on IBRD’s and IDA’s financial statements, financial operations, and governance
• Coordination of the monthly closing process for the decentralized business units of the Bank. Prepare monthly financial narratives and variance analyses
• Research and analyze complex accounting transactions related to new/enhanced products or services, and provide technical guidance and support to ensure proper accounting and reporting
• Participate in internal control assessments, analyses; and efforts to strengthen controls, based upon a strong understanding of the underlying business
• Maintaining the capital accounts for IBRD and IDA
• Respond to inquiries from management regarding financial results, special reporting requests, and complex accounting transactions
• Support projects and initiatives by analyzing impact upon accounting, reporting, and controls; and making associated recommendations and suggestions
• Participate in/Perform testing of new system applications and/or functionality with/for the underlying business unit.
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.