ET Consultant - Investment Accounting

Job Posting Organization:
The job posting organization is the International Finance Corporation (IFC), which is a member of the World Bank Group (WBG). The WBG is one of the largest sources of funding and knowledge for developing countries, dedicated to ending poverty, increasing shared prosperity, and promoting sustainable development. Established with 189 member countries, the WBG operates more than 120 offices worldwide, collaborating with public and private sector partners to invest in groundbreaking projects. In fiscal year 2025, IFC committed a record $71.7 billion to private companies and financial institutions in developing countries, leveraging private sector solutions to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.

Job Overview:
The ET Consultant position within the Policy & Implementation - Investment Accounting sub team (CTRPI-IA) at the WBG Controllers (CTR) is focused on the accounting analysis, evaluation, and implementation of complex loan, equity, and guarantee transactions. The consultant will work closely with IFC’s investment officers and other staff in CTR, reporting directly to the CTRPI-Investment Accounting Supervisor. The role involves identifying transactions for review, assembling documents and information on projects selected for accounting review, and comparing legal agreements to accounting standards to provide conclusions on the applicable accounting treatment. The consultant will also leverage A.I. tools to enhance efficiency and accuracy in their work, requiring a basic technical accounting knowledge of US GAAP and/or IFRS guidance for financial instruments.

Duties and Responsibilities:
The duties and responsibilities of the ET Consultant include leveraging A.I. tools to identify transactions for review and assigning these reviews to team members. The consultant will prepare and document investment structures and background facts for scoped-in transactions, perform accounting analyses for simple investment transactions, and engage in discussions with Investment Officers and team members to clarify or obtain additional information. The consultant will also participate in continuous process improvement, document and update Investment Accounting procedures, share key information with supervisors and team members, assist in compliance testing and activities, and perform other duties as assigned. This role requires a proactive approach to problem-solving and collaboration with various stakeholders.

Required Qualifications:
The required qualifications for the ET Consultant position include a Master’s degree in accounting, finance, or a related field, along with preferably 2 years of relevant professional experience. An internationally recognized professional accounting qualification such as CPA, CA, or ACCA is a plus. The candidate should possess basic technical accounting knowledge of financial instruments under US GAAP, particularly regarding Consolidation and/or Derivatives accounting. Excellent writing and data analysis skills are essential, along with strong A.I. skills and comfort with modern technology. Strong interpersonal skills and cultural awareness are also important, as is the ability to work effectively in a pressured environment and deliver high-quality outputs under tight deadlines.

Educational Background:
The educational background required for the ET Consultant position includes a Master’s degree in accounting, finance, or a related field. This advanced degree is essential to ensure that the candidate has a solid foundation in the principles of accounting and finance necessary for the role. Additionally, having an internationally recognized professional accounting qualification such as CPA, CA, or ACCA is highly desirable and would enhance the candidate's qualifications for the position.

Experience:
The level of experience needed for the ET Consultant position is preferably 2 years of relevant professional experience in accounting or finance. This experience should ideally include exposure to financial instruments and accounting practices under US GAAP or IFRS. Familiarity with the operations of the International Finance Corporation (IFC) and its accounting systems would be advantageous, as it would provide the candidate with a better understanding of the specific context in which they will be working.

Languages:
The mandatory language for the ET Consultant position is English. Proficiency in English is essential for effective communication within the organization and with external stakeholders. While no additional languages are specified as preferred, having knowledge of other languages could be beneficial in a multicultural work environment.

Additional Notes:
The ET Consultant position is a local recruitment opportunity with a term duration of 1 year. The role is classified at the EC1 grade level within the organization. As per WBG policy, an Extended Term (ET) appointment is subject to a lifetime maximum of three years. Former and current ET staff who have completed or are in the process of completing their third-year ET appointment are not eligible for future ET appointments. The organization prides itself on being an equal opportunity and inclusive employer, committed to a diverse workforce and does not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.