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, operating in various regions globally. The organization plays a crucial role in providing financial assistance and advice to member countries, ensuring the stability of the international monetary system.

Job Overview:
The Finance Officer position within the IMF's Finance Department (FIN) is a critical role that involves supporting the Personnel Payments Section in managing the Fund's administrative expenditures and control. The Finance Officer will be responsible for overseeing pension operations, ensuring compliance with Fund policies and regulatory guidelines, and collaborating with various departments to enhance the effectiveness of pension policies and procedures. This role requires a strong understanding of pension and tax operations, as well as the ability to manage projects and provide policy input based on subject matter expertise. The successful candidate will play a key role in delivering timely and accurate pension operations, maintaining financial records, and ensuring effective communication with stakeholders.

Duties and Responsibilities:
The Finance Officer will have a comprehensive set of responsibilities, including:

• Administering, reviewing, and overseeing pension operations to ensure compliance with Fund policies and timely processing of pension transactions.
• Maintaining accurate records and accounting for all pension-related transactions.
• Preparing and reporting pension and tax statements to retirees, staff, and regulatory authorities.
• Collaborating with external actuarial and audit partners to provide necessary data and reporting.
• Contributing to the formulation and implementation of Fund policies and procedures related to pensions and taxes.
• Analyzing Fund programs and recommending changes to improve operations.
• Leading business process optimization projects to enhance efficiency.
• Participating in the review of strategic and administrative Board papers related to pension and compensation plans.
• Assessing regulatory changes and implementing necessary adjustments to Fund policies. 1
• Maintaining and updating business process documentation and operational procedures. 1
• Leading system enhancement projects and partnering with the IT Department to support effective pension administration. 1
• Providing guidance and coaching to team members to foster collaboration and professional growth.

Required Qualifications:
Candidates must possess an advanced university degree in accounting, business administration, finance, human resources, or a related field, or hold a professional finance certification such as CPA, CA, or CFA. Additionally, a minimum of four years of relevant professional experience is required. Alternatively, candidates with a minimum of two years of experience in a related position at Grade A10 or equivalent may also be considered. Expertise in processing pension operations and administering pension plans is essential, along with knowledge of industry best practices and U.S. regulations in the pension and tax domains. Familiarity with international organizations' pension and tax operations is a strong advantage. Experience with systems such as Peoplesoft, Workday, and ServiceNow, as well as project management experience, is preferred.

Educational Background:
The educational background required for this position includes an advanced degree in a relevant field such as accounting, business administration, finance, or human resources. Candidates may also qualify with a professional finance certification, which demonstrates a high level of expertise in financial management and accounting principles. This educational foundation is crucial for understanding the complexities of pension operations and regulatory compliance.

Experience:
The position requires a minimum of four years of relevant professional experience in finance, accounting, or human resources, particularly in roles related to pension operations. Candidates with two years of experience in a related position at Grade A10 or equivalent may also be considered. Experience in processing pension operations, administering pension plans, and familiarity with regulatory requirements is essential. Previous experience in international organizations is highly valued, as it provides insight into the unique challenges and practices in managing pension and tax operations.

Languages:
Proficiency in English is mandatory for this position, as it is the working language of the IMF. Additional language skills may be considered an asset, particularly in languages relevant to the IMF's member countries, which could enhance communication and collaboration with diverse stakeholders.

Additional Notes:
This vacancy is for a 3-year Term appointment in accordance with the IMF's employment rules. A regular staff member selected for this position will maintain their open-ended status, while contractual employees will be offered a Term staff appointment. Current term staff may receive an extension if their term has not already been extended. All applicants must include a Statement of Interest with their application, which may be used in the screening process. The IMF is committed to diversity and inclusion, ensuring that employment decisions are made without discrimination and welcoming requests for reasonable accommodations during the selection process.