ET Temporary

Job Posting Organization:
The World Bank (WB) is a prominent global institution established to provide funding and knowledge to developing countries. It is a unique partnership comprising five institutions: IBRD, IDA, IFC, MIGA, and ICSID, all dedicated to eradicating extreme poverty, enhancing shared prosperity, and promoting sustainable development. With a membership of 189 countries and over 120 offices worldwide, the World Bank collaborates with both public and private sector partners to invest in innovative projects and leverage data, research, and technology to address pressing global challenges. The organization is committed to fostering a livable planet and improving the quality of life for people in developing nations. For more information, visit www.worldbank.org.

Job Overview:
The position of ET Temporary at the World Bank involves working within the Controllers (CTR) Vice Presidency, which is responsible for financial reporting and internal control frameworks for IBRD and IDA, as well as managing the Trust Fund/Partnership portfolio. The CTR division is structured into three departments: Corporate Accounting and Reporting, Trust Funds and Loans, and Financial Controls. The CTR Financial Operations (CTRFO) division specifically handles the accurate recording and reporting of the World Bank Group's administrative expenses and fixed assets, which amount to nearly $4.0 billion. The role is crucial in delivering core accounting services, maintaining internal controls, and providing strategic leadership on complex business issues related to administrative expenses. The selected candidate will be part of the global payments team, focusing on processing payments to vendors and staff, requiring extensive interaction with accounting staff and vendors across headquarters and country offices.

Duties and Responsibilities:
The duties and responsibilities of the ET Temporary position include processing payments to staff and vendors in accordance with service standards and contractual terms. This involves reviewing invoices, data entry, and preparing payment proposals for review and release. The candidate will track and clear invoice work items in the SAP inbox, respond to emails from clients, and resolve cases requiring special attention. They will follow up with team leaders, managers, and vendors regarding pending workflow items, apply US GAAP provisions for accrual accounting, and adopt best practices for vendor receivables. Additionally, the role includes researching vendor debit balances, investigating failed payment executions, executing vendor down-payments, and managing the Evaluated Receipts Settlement (ERS) process. The candidate will also provide resolutions to vendor claims, respond to queries, analyze requests for accounting adjustments, submit employee reimbursement requests, coordinate with the vendor master team, and maintain excellent client rapport while participating in ad-hoc activities such as system testing.

Required Qualifications:
The required qualifications for the ET Temporary position include a Bachelor’s degree in accounting, commerce, or a related field, along with a minimum of three years of relevant experience. Candidates should possess substantial work experience with transaction processing using integrated, automated accounting systems similar to SAP, demonstrating critical thinking skills in an automated environment. Proficiency in Microsoft Windows applications, particularly Excel, Word, and PowerPoint, is essential, along with strong verbal and written communication skills. The candidate should be client-focused, flexible, and capable of collaborating effectively with other staff members.

Educational Background:
Candidates must hold a Bachelor’s degree in accounting, commerce, or a related field. This educational background is crucial for understanding the complexities of financial reporting and accounting practices necessary for the role.

Experience:
The position requires a minimum of three years of relevant experience in accounting or finance, particularly in transaction processing within automated accounting systems. Experience with SAP is desirable but not mandatory, and candidates should demonstrate a proven track record of critical thinking and problem-solving skills in a financial context.

Languages:
The mandatory language for this position is English. Proficiency in additional languages may be considered an asset but is not explicitly required.

Additional Notes:
This is a temporary position with a term duration of one year, and it follows a hybrid work model based out of Chennai, India. The working hours will be 8.5 hours between 07:00 AM to 10:30 PM IST, and candidates should be willing to work in any of the slots as per business requirements. Preference will be given to local talent authorized to work in the duty station for any employer. The World Bank is committed to being an equal opportunity and inclusive employer, ensuring a diverse workforce that does not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.