[INT]Budget Intern (5896)

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

The Budget Team in Strategy, Policy and Budget performs Strategy, Policy and Budget’s corporate coordination and oversight roles in managing AIIB’s administrative and capital budgets. The team’s primary objective is to support Management in strategically planning and managing budgetary resources effectively and efficiently, ensuring alignment with AIIB’s Corporate Strategy and business priorities and judicious use of resources. As part of its commitment to cost efficiency, the Budget Team conducts periodic expenditure reviews across various areas to identify opportunities for optimization and improved resource allocation. 

Responsibilities:

The intern will be tasked with conducting an expenditure review on a selected budget area (to be decided). The key deliverables include: 

• Data Analysis of Internal Historical Data 

           Collect and analyse internal historical expenditure related to the selected budget item. 

           Identify trends, patterns, and key cost drivers to provide insights into spending behaviour. 

• Benchmarking and Market Research 

           Perform external benchmarking or market research to compare AIIB’s expenditure with industry standards and peers, where applicable. 

• Reporting and Recommendations 

           Develop a concise report summarizing findings from the internal data analysis and external benchmarking. 

           Propose actionable recommendations to improve cost efficiency and optimize resource allocation for the selected budget item.

Requirements:

• Enrolled in a full-time study towards a Master's (including MBA) degree or equivalent from an internationally recognized institution majoring in financial accounting, Management Information Systems, or business administration.
• Solid understanding of financial accounting; CPA, CIMA or CFA preferred.
• Comfortable with working on large datasets and strong attention to details. 
• Adaptable, proactive and a strong team player with passion for international development.
• Excellent communication skills; fluent in verbal and written English.

AIIB is committed to diversity, transparency and inclusion. We believe our strength comes from having a team with the right diverse skills, experiences and abilities selected through a merit-based competitive process. We actively encourage applications from people from both within and outside AIIB members, regardless of nationality, religion, gender, race, disability or sexual orientation.

Previous experience and qualifications will determine the grade and job title at which successful applicants will enter AIIB.

Join us and help create a prosperous and sustainable Asia while growing your career in a diverse and innovative environment.