Senior Finance Officer

Job Posting Organization:
The International Monetary Fund (IMF) is an international organization established in 1944 with the mission to promote global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. The IMF has a diverse workforce of approximately 2,700 employees from over 150 countries, and it operates in 190 member countries. The organization plays a crucial role in providing financial assistance and policy advice to its member countries, particularly in times of economic distress.

Job Overview:
The Senior Finance Officer position within the Concessional Financing Division (FINCF) of the Finance Department (FIN) is a critical role that focuses on supporting low-income countries (LICs) through effective financial management and resource mobilization. The successful candidate will be responsible for implementing strategies for fundraising for concessional resources, which involves engaging with donors and partners, conducting strategic outreach, and enhancing collaboration within the IMF. This position requires a deep understanding of the Fund's policies and procedures related to concessional financing and debt relief, as well as the ability to analyze complex financial data and contribute to the preparation of Board documents. The role also involves close collaboration with various departments within the IMF to ensure that resources are mobilized effectively for concessional lending and debt relief operations.

Duties and Responsibilities:
The Senior Finance Officer will have a wide range of responsibilities, including:

• Implementing FINCF’s strategy for fundraising for concessional resources, which includes strengthening donor and partner relationships, conducting strategic outreach, and enhancing internal collaboration.
• Developing plans and tools for monitoring and maintaining records of contributions and agreements with member countries.
• Liaising with director" style="border-bottom: 1px dotted #007bff !important;">Executive Director offices and the Legal Department (LEG) to draft new contribution agreements and associated Board documents.
• Contributing to the review of country and policy Board documents related to concessional lending and debt relief operations.
• Preparing periodic Board papers, reports, and analytical notes on the Fund's concessional and debt relief operations.
• Designing procedures and internal controls to mitigate operational risk and streamline work practices.
• Attending meetings and responding to queries from various stakeholders regarding FINCF’s fundraising initiatives.
• Leading and managing concessional fundraising initiatives and projects at a higher grade level, providing guidance to junior team members.

Required Qualifications:
Candidates must possess a strong background in finance or a related field, with an advanced degree in business administration, accounting, finance, economics, or a professional finance certification such as CPA, CA, or CFA. A minimum of 8 years of relevant work experience is required, or alternatively, a minimum of two years of experience in a related position at Grade A12 or equivalent. Familiarity with the Fund’s policies and procedures on concessional financing and debt relief to LICs is highly advantageous. Candidates should demonstrate strong analytical, communication, technical, and writing skills, as well as sound judgment and the ability to manage multiple issues under tight deadlines.

Educational Background:
The educational background required for this position includes an advanced degree in business administration, accounting, finance, economics, or a related field. Professional finance certifications such as CPA, CA, or CFA are also acceptable qualifications. This educational foundation is essential for understanding the complexities of financial management and resource mobilization within the context of the IMF's operations.

Experience:
The position requires a minimum of 8 years of relevant work experience in finance or a related field. Alternatively, candidates with at least two years of experience in a related position at Grade A12 or equivalent will also be considered. Experience with the IMF's fundraising initiatives, particularly in relation to capacity development, is highly desirable. Candidates should have a proven track record of working effectively in a complex, international environment and should be able to demonstrate their ability to handle multiple priorities and deadlines.

Languages:
While the job posting does not specify mandatory languages, proficiency in English is essential given the international nature of the IMF and the requirement to communicate effectively with diverse stakeholders. Additional language skills may be considered an asset, particularly if they facilitate communication with member countries.

Additional Notes:
This is a one-year contractual appointment, with the possibility of renewal for up to four years of cumulative contractual service, depending on performance, budget availability, and ongoing business needs. All applicants are expected to include a Statement of Interest as an attachment to their application, which may be used in the screening process for this vacancy. The IMF is committed to diversity and inclusion, ensuring that employment decisions are made without discrimination against any person. Reasonable accommodations for disabilities during the selection process are welcomed and can be requested.