ET Temporary

Job Posting Organization:
The World Bank Group is a unique global partnership of five institutions established with the mission to create a world free of poverty on a livable planet. It is one of the largest sources of funding and knowledge for developing countries, helping to solve the world’s greatest development challenges. The organization has 189 member countries and operates more than 120 offices worldwide, working with public and private sector partners to invest in groundbreaking projects and utilize data, research, and technology to bring about tangible and transformative change globally. For more information, visit www.worldbank.org.

Job Overview:
The position of ET Temporary at the World Bank in Chennai involves working within the WBG Controllers (CTR) team, which is responsible for all aspects of financial reporting and internal control for IBRD, IDA, IFC, and their extensive Trust Fund/Partnership portfolio. The role is crucial in ensuring fiduciary responsibility for all disbursements related to Bank operations. The Chennai team, known as CTRCC, collaborates with the Washington D.C. team to manage financial reporting for IBRD and IDA, including the preparation of quarterly and annual financial statements, management discussions, and analyses. The position requires a comprehensive understanding of financial dynamics, enabling the team to assess the impact of market and institutional developments on financial results. The successful candidate will be expected to maintain financial ledgers, approve transactions, and support various financial reporting and analysis tasks, contributing to the overall financial health of the organization.

Duties and Responsibilities:
The duties and responsibilities for this position include maintaining the financial ledgers and approving transactions that lead to the generation of accounting records and the monthly closing of IBRD/IDA books. The candidate will be responsible for maintaining capital accounts for IBRD and IDA, coordinating the monthly trial balance close process for decentralized business units, and preparing internal and external financial statements and reports. Additionally, the role involves responding to inquiries from management regarding financial results, participating in internal control assessments, and supporting projects by analyzing their impact on accounting and reporting. The candidate will also be involved in testing new system applications and functionalities, ensuring a thorough understanding of the underlying business processes.

Required Qualifications:
Candidates must possess a Chartered Accountant degree and a Bachelor’s degree in finance, accounting, or a relevant discipline. A minimum of 0-1 year of post-qualification experience in similar or complementary roles is required. Knowledge of accounting and reporting standards, finance concepts, and business practices is essential, with exposure to US GAAP preferred. Candidates should demonstrate good conceptual, analytical, and appraisal skills, along with the ability to interpret and present financial information clearly. Excellent verbal, written, and interpersonal communication skills are necessary, as well as proficiency in Microsoft Windows applications, particularly Excel, Word, and PowerPoint. A basic understanding of financial instruments and markets is also beneficial.

Educational Background:
The educational background required for this position includes a Chartered Accountant degree and a Bachelor’s degree in finance, accounting, or a related field. These qualifications are essential for understanding the complexities of financial reporting and accounting practices within the World Bank Group.

Experience:
The position requires candidates to have 0-1 year of post-qualification experience in similar or complementary roles. This level of experience is necessary to ensure that the candidate is familiar with the financial reporting processes and can effectively contribute to the team's objectives.

Languages:
The mandatory language for this position is English. Proficiency in English is essential for effective communication within the organization and with external stakeholders. Additional language skills may be considered an asset but are not explicitly required for this role.

Additional Notes:
This position is classified as an Extended Term (ET) appointment, which is subject to a maximum duration of three years. The contract duration for this specific role is set for one year, with the possibility of extension based on performance and organizational needs. The recruitment is classified as local, meaning preference will be given to applicants authorized to work in India. The World Bank Group is committed to being an equal opportunity and inclusive employer, ensuring that all candidates are evaluated without discrimination based on gender, religion, race, ethnicity, sexual orientation, or disability.