Finance Analyst (E-Billing) - Onit or BillingPoint

Job Posting Organization:
The International Finance Corporation (IFC) is a member of the World Bank Group and is recognized as the largest global development institution focused on the private sector in emerging markets. Established to promote economic development by encouraging private sector investment, IFC operates in over 100 countries worldwide. The organization leverages its capital, expertise, and influence to create markets and opportunities that can help end extreme poverty and boost shared prosperity on a livable planet. IFC's mission is to harness the power of the private sector to foster sustainable economic growth and improve living conditions for people in developing countries. The organization employs a diverse workforce and is committed to inclusivity and equal opportunity in its hiring practices.

Job Overview:
The Finance Analyst (E-billing) position is a critical role within the Legal Department of IFC, specifically under the Vice President and General Counsel. This role is designed to provide essential transactional and analytical support to the Legal Operations team. The Finance Analyst will be responsible for managing the E-billing team’s shared account, ensuring that all inquiries and requests are handled in a timely and professional manner. The position requires a proactive approach to monitoring and following up on legal bills, onboarding vendors, and acting as a reliable point of contact for both internal and external stakeholders. The Finance Analyst will also play a key role in supporting change management efforts related to e-billing system upgrades and policy changes, ensuring compliance with World Bank Group policies and procedures. This position is based in Chennai, India, and reports to the Operations Officer and Associate Operations Officer in the Legal Department.

Duties and Responsibilities:
The Finance Analyst (E-billing) will have a comprehensive set of responsibilities, including but not limited to:

• Screening, tracking, prioritizing, and managing all inquiries and requests through the CLED E-billing team shared account.
• Monitoring and following up on the workflow of legal bills to ensure timely processing.
• Supporting the onboarding process for vendors, including registration with the World Bank Group and Onit.
• Acting as a point of contact for internal and external stakeholders, ensuring effective communication and resolution of open items.
• Guiding colleagues in complex matters related to outside counsel retention and liaising with various departments such as BillingPoint, Accounts Payable, and Corporate Procurement.
• Collaborating with clients and budget teams to address outstanding legal invoices.
• Participating in corporate and departmental initiatives aimed at improving processes and overall effectiveness.
• Supporting change management efforts related to e-billing system upgrades or policy changes.
• Ensuring compliance with WBG policies and procedures in the processing of legal bills. 1
• Managing the accrual process at the end of the fiscal year. 1
• Liaising with the IFC Budget & Finance network to enhance knowledge of budget methodologies and internal controls. 1
• Providing effective backup coverage and ensuring timely completion of tasks and outputs. 1
• Maintaining up-to-date knowledge of administrative and procurement policy guidelines and best practices relevant to the role. 1
• Demonstrating initiative in learning and implementing processes and systems that enhance the unit's effectiveness.

Required Qualifications:
Candidates for the Finance Analyst (E-billing) position must possess a relevant bachelor’s degree in Finance, Accounting, Business Management, or Economics, along with a minimum of five years of relevant professional experience. A strong understanding of accounting theory, concepts, and principles is essential, combined with proven practical skills in financial reporting, budgeting, financial management, and audit processes. Proficiency in Onit, MS Excel, SAP, and other systems utilized by IFC for transactional and reporting purposes is required. Candidates should also demonstrate excellent interpersonal skills, sound judgment in client interactions, and the ability to learn independently and quickly. Strong problem-solving, conceptual, and analytical skills, along with attention to detail, are critical for success in this role.

Educational Background:
The educational background required for the Finance Analyst (E-billing) position includes a bachelor’s degree in a relevant field such as Finance, Accounting, Business Management, or Economics. This foundational education is crucial for understanding the complexities of analysis" style="border-bottom: 1px dotted #007bff !important;">financial analysis and legal billing processes within the context of the IFC's operations.

Experience:
The position requires a minimum of five years of relevant professional experience in finance or accounting roles, particularly within legal department operations. Candidates should have a demonstrated history of working with financial reporting, budgeting, and compliance, as well as experience in managing vendor relationships and e-billing systems.

Languages:
The mandatory language requirement for this position is proficiency in English. While no additional languages are specified as preferred, having knowledge of other languages may be beneficial in a diverse workplace like IFC.

Additional Notes:
This position is a local recruitment opportunity and is expected to last for a term duration of three years. The role is full-time, and candidates should be prepared to work in a dynamic environment that emphasizes collaboration and accountability. The World Bank Group offers a comprehensive benefits package, including retirement plans, medical and life insurance, paid leave, and reasonable accommodations for individuals with disabilities. The organization is committed to being an equal opportunity and inclusive employer, ensuring that all employees are treated fairly and without discrimination.