ET Consultant - Investment Accounting

Job Posting Organization:
The World Bank Group (WBG) is a unique partnership of five global institutions dedicated to ending poverty, increasing shared prosperity, and promoting sustainable development. Established with the aim of providing financial and technical assistance to developing countries, the WBG has grown to include 189 member countries and operates more than 120 offices worldwide. The organization focuses on solving the greatest development challenges faced by countries, leveraging its extensive resources and expertise to create impactful solutions. The International Finance Corporation (IFC), a member of the WBG, is specifically focused on the private sector in emerging markets, working in over 100 countries to create markets and opportunities that foster economic growth and reduce poverty. In fiscal year 2025, IFC committed a record $71.7 billion to private companies and financial institutions, demonstrating its commitment to mobilizing private capital for development. For more information, visit www.ifc.org.

Job Overview:
The ET Consultant - Investment Accounting position is designed to support the Policy & Implementation - Investment Accounting sub team (CTRPI-IA) within the WBG Controllers (CTR). This role involves accounting analysis, evaluation, and implementation for complex loan, equity, and guarantee transactions. The consultant will work closely with investment officers and other staff in CTR to ensure accurate accounting practices are followed. The position requires the individual to identify transactions for review, allocate tasks within the team, and document the necessary information for accounting assessments. The consultant will leverage A.I. tools to enhance efficiency and accuracy in their work, demonstrating a strong understanding of accounting standards such as US GAAP and IFRS. The role is critical in ensuring compliance and accuracy in financial reporting, contributing to the overall mission of the WBG to promote sustainable development and reduce poverty.

Duties and Responsibilities:
The responsibilities of the ET Consultant include leveraging A.I. tools to identify transactions for review, preparing and documenting investment structures, and performing accounting analyses for simple investment transactions. The consultant will engage in discussions with investment officers and team members to clarify information and gather additional details as needed. Continuous process improvement is a key aspect of the role, requiring the consultant to document and update Investment Accounting procedures related to significant influence factors, consolidation, and debt securities. Regular communication with supervisors and team members is essential to share key information regarding processes, timelines, and potential issues. The consultant will also assist in compliance testing and other assigned compliance activities, ensuring adherence to accounting standards and organizational policies.

Required Qualifications:
Candidates must possess a Bachelor’s degree in accounting, finance, or a related field, with a preference for those who have at least 2 years of relevant professional experience. An internationally recognized professional accounting qualification such as CPA, CA, or ACCA is advantageous. A basic understanding of accounting for financial instruments under US GAAP, particularly concerning consolidation and derivatives accounting, is desirable. Candidates should demonstrate excellent writing and data analysis skills, with the ability to convey key messages effectively. Strong A.I. skills and comfort with modern technology are essential, along with strong interpersonal skills and cultural awareness. The ability to work under pressure and deliver high-quality outputs within tight deadlines is crucial, as is the capacity to multitask and collaborate effectively within multidisciplinary teams.

Educational Background:
A Bachelor’s degree in accounting, finance, or a related field is required for this position. Candidates with advanced degrees or additional certifications in accounting or finance may have an advantage. The educational background should provide a solid foundation in financial principles, accounting standards, and analytical skills necessary for the role.

Experience:
The position requires a minimum of 2 years of relevant professional experience in accounting or finance. Experience within the International Finance Corporation (IFC) and familiarity with its accounting systems is considered advantageous. Candidates should have a proven track record of working in environments that require attention to detail, compliance with accounting standards, and effective communication with various stakeholders.

Languages:
The mandatory language for this position is English. Proficiency in additional languages may be considered beneficial but is not required for the role.

Additional Notes:
This 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. The World Bank Group emphasizes a culture of inclusion and equal opportunity, ensuring that all candidates are evaluated based on their qualifications and abilities without discrimination. The position may involve working in a pressured environment, requiring the ability to deliver high-quality outputs and results to tight deadlines. The organization is committed to empowering its workforce and holding individuals accountable for their contributions.