Budget Analyst/Senior Budget Analyst

Job Posting Organization:
The International Monetary Fund (IMF) is an international organization established in 1944 with the mission to promote global economic stability and growth. The IMF has a diverse workforce of over 2,700 employees from around the world, operating in 190 countries. The organization provides financial assistance, policy advice, and technical assistance to its member countries, aiming to foster global monetary cooperation and secure financial stability.

Job Overview:
The Budget Analyst/Senior Budget Analyst position within the Statistics Department (STA) at the IMF is crucial for the effective management of the department's budget and financial operations. The successful candidate will be part of the Resource Management Division (STARM) and will support the budget team in planning, executing, and monitoring the STA’s budget. This role requires a collaborative approach, as the candidate will work closely with budget officers and contribute to the formulation and implementation of STA’s budget. The ideal candidate should possess a strong understanding of the IMF’s budget processes and systems, particularly IMF01 and IMF02, which will be advantageous in fulfilling the responsibilities of this role. The position demands a proactive and innovative mindset, as the successful candidate will be expected to contribute to resource planning and budgeting processes for both capacity development and non-capacity development operations across various funding sources.

Duties and Responsibilities:
The duties and responsibilities of the Budget Analyst/Senior Budget Analyst include managing STA’s travel budget by monitoring and forecasting expenditures, ensuring compliance with IMF budget and travel policies, and reviewing expense reports, requisitions, purchase orders, vendor contracts, and invoices. The candidate will coordinate the monthly TRACES exercise, ensuring accuracy and compliance with donor chargeback requirements, and provide staff training on TRACES and donor charging policies. Additionally, the role involves managing year-end accruals for travel, benefits, and other expenses in collaboration with FIN and STA divisions. The successful candidate will assist with budget management for STA seminars/workshops and oversee the interpretation/translation budget. They will support the preparation of STA’s medium-term budget and budget analytics for departmental planning and quarterly management reporting. Monitoring petty cash usage and P-card expenditures, ensuring compliance with Fund guidelines, is also part of the responsibilities. The candidate will collaborate with various departments to resolve journal adjustments and budget errors, ensuring accurate reporting across financial systems. Furthermore, the role includes supporting personnel cost monitoring and forecasting, serving as a back-up for STA Budget Officers, and liaising with interdepartmental working groups on budgeting and financial reporting discussions.

Required Qualifications:
Candidates must possess a University Degree or equivalent in Business Administration, Accounting, Finance, Economics, or a related field, or have a minimum of two years of experience at Grade A0

• Additionally, strong knowledge of the Fund’s budget procedures, including IMF01 and IMF02, and financial systems such as IBBIS, CDMAP, TRACES, and PeopleSoft is essential. The candidate should demonstrate well-developed quantitative abilities, proficiency in Excel, and the capability to analyze financial data. Understanding of the Fund’s travel guidelines and policies for staff is also required. The successful candidate should exhibit strong data analytic skills, sound judgment, and the ability to prioritize and manage multiple tasks under tight deadlines, along with strong oral and written communication skills.

Educational Background:
The educational background required for this position typically includes a University Degree in Business Administration, Accounting, Finance, Economics, or a related field. This educational foundation is essential for understanding the complexities of budget management and financial operations within the IMF.

Experience:
The position requires candidates to have a minimum of two years of relevant experience at Grade A05 or equivalent. This experience should ideally include a strong understanding of budget management processes and financial systems used within the IMF, as well as practical experience in analyzing financial data and managing budgets.

Languages:
While the job posting does not specify mandatory languages, proficiency in English is essential given the international nature of the IMF and the requirement for strong communication skills. Additional languages may be considered an asset but are not explicitly stated as necessary for this position.

Additional Notes:
This vacancy is for a 3-year Term appointment in accordance with the Fund’s employment rules that took effect on May 1, 201

• Only candidates currently residing in the Washington DC metro area will be considered for this position. All applicants are required to include a Statement of Interest as an attachment to their application, which may be used in the screening process. The IMF is committed to diversity and inclusion, ensuring that employment decisions are made without discrimination against any person. Reasonable accommodations for disabilities during the selection process are welcomed and information on how to request such accommodations will be provided during the application process.