IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises
The IFC Controllers Department is responsible for effectively and efficiently managing IFC’s Financial Operations (loan, equity, and short-term finance operations, and back-office treasury support operations), Financial Reporting (including reporting and analysis, portfolio review, investment accounting, and accounting policy), Internal Controls, and Financial Integration, Systems, and Projects. The Department comprises approximately 140 diverse and highly skilled staff, based in Washington DC, and Chennai.
The Financial Operations unit (CNTFO) within the IFC Controllers Department has overall responsibility for recording, servicing, and providing post-commitment support for the private sector loan, guarantee, short-term finance products and programs, and the equity investments of the International Finance Corporation, and has several units that deliver this work, namely Loan Operations Team (CNTLO), Equity and Custody Operations Team (CNTEC) and Quality Assurance Team (CNTQA).
CNTFO provides financial operations support and services to the IFC Investment Departments, counterparts, internal and external financial and investment reporting units, syndication and treasury units, and portfolio management units, in the administration and management of all IFC Loan, Guarantee, Equity, and Development-Partner-Trust Funds financial operations. CNTLO administers and manages all IFC loan financial operations which include processing and monitoring transactions such as straight senior loans, syndications, bonds, guarantees risk participation, and donor-funded investments. CNTEC provides customer services to the investment departments and external clients through the servicing and accounting of IFC’s equity investments. CNTQA is responsible for quality control over the recording of loan and equity transactions, through data mining and analysis, review of metrics and controls, and coordination across units to address data quality and control gaps.
The units ensure that loan and guarantee agreements, equity investments, and Development-Partners-trust-fund investments are recorded accurately and timely in the Corporation’s systems of record and general ledger. The units play a key role in the decision-making for, and implementation of, IT systems and upgrades, as well as in the implementation of new initiatives and financial products to ensure that data is recorded accurately and timely.
CNTFO has co-located some aspects of its work program to IFC’s Chennai Office (CNTCO), which has recruited staff in the IFC Financial Operations Support team (CNTFC) to deliver this work program. The team provides support and interacts with IFC colleagues in Washington on a day–to–day basis. The Financial Analyst shall interact extensively with internal partners, such as Loan Operations counterparts, Trust Funds Middle Office, IT teams, the Treasury Support unit, and the IFC Financial Reporting team. The Financial Analyst will report to the Team Lead of the CNTFC Loan & Equity unit in Chennai. The individual must be a self-starter in identifying and undertaking projects or initiatives.
Roles and Responsibilities: