Apply for Financial Officer, Washington, United States Job Vacancy | Position

Financial Officer

Job #: req30752

Organization: IFC

Sector: Financial Sector

Grade: GG

Term Duration: 3 years 0 months

Recruitment Type: International Recruitment

Location: Washington, DC,United States

Required Language(s): English

Preferred Language(s): Closing Date: 1/8/2025 (MM/DD/YYYY) at 11:59pm UTC

Description

IFC — a member of the World Bank Group — is the biggest international improvement establishment centered on the personal sector in rising markets. We work in additional than 100 international locations, utilizing our capital, experience, and affect to create markets and alternatives. Our mission is to leverage the ability of the personal sector to finish excessive poverty and enhance shared prosperity on a livable planet. For extra info, go to www.ifc.org.

The IFC Controllers Department is accountable for successfully and effectively managing IFC’s Financial Operations (mortgage, fairness and short-term finance operations, and back-office treasury assist operations), Financial Reporting (together with reporting and evaluation, portfolio evaluate), Accounting Policy & Implementation, Internal Controls, and Financial Systems and Transformation. The Department includes roughly 140 various and extremely expert workers, based mostly in Washington DC, and Chennai.

The Corporate Reporting unit (CNTCR) throughout the Controllers Department is accountable for getting ready well timed and correct periodic monetary reporting to inside and exterior stakeholders and facilitating the exterior audit and issuance of audit and evaluate opinions by the exterior auditors on IFC’s annual and quarterly monetary statements. The CNTCR unit supplies assurance on the integrity of the monetary ledgers and monetary info. It is accountable for coordination of the month-to-month closing course of, together with advising and liaising with the decentralized accounting enterprise items. The crew additionally work with different items in figuring out the affect of latest and proposed accounting requirements and new complicated transactions in Financial Statements and Management stories.

IFC Controllers Department is looking for a Financial Officer within the CNTCR unit in Washington DC to assist assist throughout all capabilities described above with a give attention to Treasury associated areas, together with the preparation of IFC’s quarterly and annual monetary reporting, carry out analytical evaluate of enterprise unit outcomes for administration reporting, and creation of efficiencies via automation and streamlining of deliverables.

Duties & Responsibilities:

The CNTCR Financial Officer is tasked with the oversight of the Treasury reporting perform. The profitable candidate will carry out the next duties and tasks:

• Oversee Treasury sections of quarterly and annual monetary statements, together with evaluate of supporting schedules, work papers, and monetary stories associated to areas of duty.
• Oversee Treasury associated part in numerous inside administration stories and analytics together with reviewing of the associated sections within the administration stories.
• Respond to Treasury reporting associated info inquiries and information requests from inside purchasers in addition to exterior stakeholders to assist the monetary decision-making course of.
• Lead the enhancement of Treasury analytics report via automated options, together with enhancing the analytical evaluate procedures.
• Lead the event and implementation of automation options to streamline and improve treasury associated monetary reporting processes.
• Collaborate with cross-functional groups, together with Treasury groups, IT, and ICFR crew, to make sure alignment and integration of automation initiatives in addition to company extensive initiatives.
• Supervise workers, mentor, and coach junior members in Chennai to make sure development, bench power and contribute to their profession improvement.

Selection Criteria

• A Master’s diploma in accounting or finance and a Certified Public Accountant or equal designation (e.g., CPA, CA, ACCA or equal).
• A minimal of eight years of expertise in company or public accounting.
• Sound understanding of U.S. GAAP accounting requirements.
• Strong technical Treasury accounting and reporting background.
• Strong information and expertise of Treasury merchandise, actions and processes.
• Experience in offering low code/no code options by leveraging know-how for working with massive database coming from a number of methods ehUd6sL BIpnb
• Knowledge of greatest practices of inside controls over exterior monetary reporting.
• Strong background in Office 365 merchandise & related expertise of scripting languages can be most well-liked.
• Knowledge of SAP (General ledger) and Murex (treasury system) is a plus.
• Preference will likely be given to candidates with a background in monetary providers business, notably in Multilateral Development Banks (MDBs) and Big Four or equal public accounting expertise.
• Strong analytical expertise. Project administration expertise is a plus.
• Strong communication expertise (in English), each written and oral
• Ability to work independently as a mission supervisor, to take initiative, and anticipate and reply rapidly to conditions.

Controllers Department Competencies

• Client Understanding and Advising: Advises the purchasers and helps them assume proactively about learn how to greatest meet their present and future wants, taking into concerns the true underlying points. Works throughout CNT and with different VPUs to outline shopper wants and develop the fitting options to fulfill these wants. PLUS: Provides suggestions to a number of VPUs that may add worth to prospects past regular choices.
• Broad Business Thinking: Maintains an in-depth understanding of key enterprise points. Sets clear explanations for the mixing and alignment of CNT options with enterprise capabilities. PLUS: think about WBG extensive implications in resolution making to make sure consistency throughout WBG. Sponsors long-term VPU-wide initiatives.
• Information Technology and Systems: Demonstrates understanding of the capabilities and operations of pertinent IT methods and functions. Provides inputs to IT methods enchancment efforts based mostly on everyday working expertise and information of the methods.
• Analytical Thinking: Coordinates the data gathering and reporting course of. Reviews traits and compares to expectations. Conducts evaluation to outline issues and prepares responses to anticipated questions.
• Policies and Procedures: Demonstrates detailed information of insurance policies and procedures in associated fields.
• Risks and Controls: Leads by instance and serves nearly as good observe champion in finishing inside management procedures, together with understanding affect past personal rapid purposeful areas.
• Communication: Adapts the communication type applicable for the meant viewers. Adopts an inclusive strategy to communication as is suitable to the state of affairs, in order to make sure satisfactory accomplice participation. Presents info successfully and encourage suggestions.
• Project Management: Understands and makes use of the ideas of mission administration, as they relate to implementation of a mission.

World Bank Group Core Competencies

The World Bank Group presents complete advantages, together with a retirement plan; medical, life and incapacity insurance coverage; and paid go away, together with parental go away, in addition to affordable lodging for people with disabilities.

We are proud to be an equal alternative and inclusive employer with a devoted and dedicated workforce, and don’t discriminate based mostly on gender, gender id, faith, race, ethnicity, sexual orientation, or incapacity.

Learn extra about working on the World Bank and IFC, together with our values and galvanizing tales.