Financial Analyst

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 ending extreme poverty, increasing shared prosperity, and promoting sustainable development. With 189 member countries and over 120 offices worldwide, the World Bank collaborates with public and private sector partners to invest in innovative projects and leverage data, research, and technology to tackle urgent global challenges. The organization is committed to fostering a sustainable future and improving the quality of life for people in developing nations. For more information, visit www.worldbank.org.

Job Overview:
The Financial Analyst position at the World Bank is a critical role within the Loan Accounting Division (WFALA) of the Finance & Accounting (WFA) Vice Presidency. This division is responsible for the financial reporting and internal control framework for IBRD and IDA, as well as managing the extensive Trust Fund/Partnership portfolio. The Financial Analyst will play a technical role in ensuring effective collaboration and knowledge sharing within the division, focusing on IBRD and IDA loan products and policies. The position involves significant interaction with various stakeholders, including other finance units, operations, and external auditors. The analyst will be expected to address urgent issues that arise regularly and contribute to the overall financial health of the organization.

Duties and Responsibilities:
The Financial Analyst will be responsible for a variety of tasks, including: performing quarterly and fiscal year-end closings for the IBRD/IDA loans portfolios, which involves key account reviews, reconciliations, and analysis preparation. This role requires hands-on engagement with underlying systems and modules. The analyst will proactively identify trends and inconsistencies in the loans portfolio data, leading responses to queries from senior management and external auditors. Additionally, the analyst will adopt a strong internal control mindset, ensuring the accuracy and completeness of loan portfolio accounts, and drafting business requirement documents for new system needs. The role also includes user acceptance testing of new systems and functionalities, and acting as a liaison for external auditors while coordinating financial activities with various business units.

Required Qualifications:
Candidates must possess a CA, CPA, or equivalent designation, along with a Bachelor's degree in Finance, Accounting, or a relevant discipline. A minimum of three years of post-qualification experience in a corporate accounting setting is required, with hands-on experience in an accounting production environment. Experience in the financial services industry, particularly within an international multilateral organization, is preferred. Additionally, experience with a Big Four or equivalent public accounting firm is advantageous. Strong knowledge of U.S. GAAP and proficiency in researching and applying accounting standards are essential, along with hands-on experience with ERP systems, preferably SAP.

Educational Background:
The educational requirements for this position include a Bachelor's degree in Finance, Accounting, or a related field, along with a professional accounting designation such as CA or CPA. This educational background is crucial for understanding the complexities of financial reporting and accounting standards relevant to the World Bank's operations.

Experience:
The position requires a minimum of three years of post-qualification experience in a corporate accounting environment. Candidates should have hands-on experience in an accounting production setting, with a strong preference for experience in the financial services sector, particularly within international multilateral organizations. This experience is vital for effectively managing the financial responsibilities associated with the IBRD and IDA loan portfolios.

Languages:
The mandatory language for this 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, knowledge of other languages may be beneficial in a multicultural work environment.

Additional Notes:
This position is a local recruitment opportunity based in Chennai, India, with a term duration of four years. The World Bank offers a comprehensive benefits package, including a retirement plan, medical, life, and disability insurance, as well as paid leave, including parental leave. The organization is committed to diversity and inclusion, ensuring equal opportunities for all employees regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. The World Bank Group values a dedicated workforce and encourages applications from individuals who are passionate about making a difference in the world.